What Industry Experts Are Saying About Taylor Banks' OnlyFans Scandal

Onlyfans, which verifies users and viewers, has claimed that banks will not work with it because of reputational concerns. So long as they obey the law, banks can refuse to deal with. A top onlyfans executive has admitted that his bank account was suspended, hit by a growing problem faced by those associated with the social media platform used by sex workers.

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Tim stokely, the founder and ceo of onlyfans blamed banks for its policy change, and pointed to jpmorgan in particular who are aggressive in closing accounts of sex workers. The whistleblower, a senior compliance expert in the credit card and banking industries, said the two giant card companies knew their networks were being used to pay for illegal content on the. Days after onlyfans announced its controversial decision to ban sexually explicit conduct from its site, founder tim stokely said the blame lands on banks. Onlyfans founder and ceo tim stokely says the online subscription platform had no choice but to ban pornography after unfair treatment by banks.

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Last week, onlyfans said it would no. The onlyfans situation, skewed by political pressure, ultimately highlights the power banks hold to relegate sex workers to the outskirts of the economy.

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