In an interview with the Financial Times, Time Stokely says that the banks refused to work with OnlyFans if they didn’t remove the sexually explicit content due to what the banks called, “reputational risk.”
Stokely said, “The change in policy, we had no choice — the short answer is banks.”
Stokely explained that OnlyFans constantly ran into issues with banks that regularly were “flagging and rejecting” transactions. This is the reason that Stokely finally decided to ban sexual content.