OnlyFans says it has suspended a plan to ban sexually explicit content following an outcry from its creators and advocates for sex workers.

The subscription site said in a prepared statement Wednesday that the planned ban was "no longer required due to banking partners' assurances that OnlyFans can support all genres of creators" and declined to answer further questions.

OnlyFans had said last Thursday that it would ban explicit content starting Oct. 1, blaming policies of banks and payment processors for the policy change. "The new rules are necessary to comply with the requirements of these...