The company said they had to "evolve" their content guidelines to ensure "long-term sustainability".
OnlyFans will prohibit users from posting sexually explicit conduct from October, the company confirmed on Thursday.
Creators on the platform will still be permitted to post nude photographs and videos, however, they must be in line with OnlyFans' new policy the company said in a statement on Thursday.
The company said that the changes were made to "ensure the long-term sustainability" of the platform.
“In order to ensure the long-term sustainability of our platform, and continue to host an inclusive community of creators and fans, we must evolve our content guidelines,” they said in a statement to JOE on Thursday.
"Effective 1 October, 2021, OnlyFans will prohibit the posting of any content containing sexually-explicit conduct," they added.
"Creators will continue to be allowed to post content containing nudity as long as it is consistent with our Acceptable Use Policy.
"These changes are to comply with the requests of our banking partners and payout providers.
"We will be sharing more details in the coming days and we will actively support and guide our creators through this change in content guidelines.
"We remain dedicated to our community of 130 million users and over 2 million creators that have earned over $5 billion on our platform."
OnlyFans remains committed to the highest levels of safety and content moderation of any social platform. All creators are verified prior to being able to upload any content to OnlyFans, and all uploaded content is checked by automated systems and human moderators.
The company which allows content creators to share exclusive photos and videos with their fans has amassed more than 130 million users, with many celebrities and influencers joining the platform over recent years to share a variety of types of content.
One of the most popular ways the website is used is by creators who post nude and sexually explicit content to the platform, meaning the change could be problematic for a large number of online sex workers who rely on the site.
