“We pay over 1 million creators over $300 million every month, and making sure that these funds get to creators involves using the banking sector,” according to Stokely. Because several banks have cut off OnlyFans from making wire transfers, that has made it difficult to pay creators, he said. BNY Mellon, JP Morgan Chase and Metro Bank each declined to comment, per the FT.
Stokely also said that OnlyFans is “fully compliant” with new Mastercard rules, so that had no bearing on the decision to ban porn. He also said the change was not made to appease investors.
Seems pretty clear what team Mastercard is on.
I knew there was an incident like this. It's when I bought my first BNY Mellon stock.
Seems pretty clear what team Mastercard is on.
I knew there was an incident like this. It's when I bought my first BNY Mellon stock.
https://archive.ph/9ANGJ
And that team is 'benefiting OnlyFans'? Hilarious.
Well, when JPMorgan (Largest non-state bank by market cap) pushed to close it down, they were notably absent.