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OnlyFans to block sexually explicit videos starting in October
111–120 of 1001 posts
Re: OnlyFans to block sexually explicit videos starting in October
#112This doesn't make any sense. It's like if the Food Network suddenly announced that due to mounting pressure from advertisers, they would no longer be airing any cooking shows.
Or like MTV no longer showing music videos 24/7
Re: OnlyFans to block sexually explicit videos starting in October
#113> But sex work still has a stigma. And OnlyFans is trying to raise money from outside investors at a valuation of more than $1 billion. > The company handled more than $2 billion in sales last year, and is on pace to more than double that this year. It keeps 20% of that figure. So they're killing the golden goose to placate outside money when they already are making ~800M a year? Something here doesn't really add up…
>citing mounting pressure from banking partners and payment providers
Based on the tweet, I would presume their ability accept payment via the established payment networks is being threatened.
Re: OnlyFans to block sexually explicit videos starting in October
#114> But sex work still has a stigma. And OnlyFans is trying to raise money from outside investors at a valuation of more than $1 billion. > The company handled more than $2 billion in sales last year, and is on pace to more than double that this year. It keeps 20% of that figure. So they're killing the golden goose to placate outside money when they already are making ~800M a year? Something here doesn't really add up…
Your math is off - 20-% of 2b is $400m
They're doubling that this year, so 4b?
Re: OnlyFans to block sexually explicit videos starting in October
#115Earlier quoted context omitted.
How so?
Because CCbill can do nothing if MasterCard puts pressure on them, and MasterCard are putting pressure on adult content businesses and have been for years.
I guess I just don't understand how payment processing works in this domain: are you saying MasterCard is basically saying that their credit cards cannot be used to purchase adult services such as these?
Re: OnlyFans to block sexually explicit videos starting in October
#116 mounting pressure from banking
partners and payment providers
This looks like one.
Re: OnlyFans to block sexually explicit videos starting in October
#117So, serious question because I know very little about OnlyFans other than the general knowledge flowing around the internet: What does this leave of the site? Because my impression was certainly that this was the purpose of the site.
I assume they will end up like Tumblr after it went Safe for Work. Still around but nowhere near as popular and a shell of its former self.
Tumblr is exactly what I had in mind. It will be a much less popular place with other copycats just taking over on that business model.
Re: OnlyFans to block sexually explicit videos starting in October
#118That is a lot of people who are suddenly going to need to find work...but I think a lot of the sexually themed OF's will migrate to other cam websites. I wonder how much money OF will lose because of this decision?
This question isn't necessarily directed to you but your comment made me wonder: How do other cam sites handle payments and what makes them different than OF?
They use payment processors that specialize in adult content - who charge exorbitant fees for the privilege. Adult payment processors charge 15-20% vs the 2.9%+30¢ Stripe charges, and is nowhere near as nice to use.
Re: OnlyFans to block sexually explicit videos starting in October
#119Were they getting their credit card processing in the non-adult category. I know a bunch of adult credit card processors are in the range of 12-15% and OF only takes 20%. Maybe that is why they are cracking down on them. There are plenty of porn sites out there operating legally, wonder why the banks are giving them issue. My guess is that they presented themselves to banks as just ordinary non-adult transactions and…
I always felt like adult websites were tech unsavvy. Like they usually designed the site with plenty of love and care, but the structures holding that design up felt notably behind-the-times. Got a take on that?
Re: OnlyFans to block sexually explicit videos starting in October
#120Payment processors need to be declared a utility. Any legal business shouldnt have banks playing morality police.
This supposedly coming soon system should ideally be able to serve as the electronic payment utility.
https://www.federalreserve.gov/paymentsystems/fednow_about.h...