The audience of the social network TikTok is growing rapidly. Many users are considering earning options through this platform. In the article, we will consider how to withdraw money from TikTok. Problems and ways to solve them.
Where does money come from TikTok
The option of making money on the Internet is becoming increasingly popular among young people and adults. In the social network Tik Tok, 29% of users have an income above average, 36% have an average income, 11% have less than average income.
So, Tik Tok has its own internal currency, which includes coins and diamonds. However, the authors of the videos receive this money with the help of other users, and not from the platform itself.
Calculate your approximate earnings will help a special calculator. The calculation is based on interest and the number of subscribers.
The coins are called TikTok Coins. This is the internal currency of the social network. The user can buy virtual coins for ordinary, real money. They go to the balance of your Tik Tok account. After that, funds can be exchanged for gifts and sent to your favorite tiktokers during live broadcasts. The blogger can withdraw the money accumulated during the stream at any time.
Reference. The minimum possible donation is 1 coin.
Wallet in “Tiktok”
Wallet in Tik Tok is a place where coins and diamonds are stored. Moreover, those that you have thrown into the account yourself, and gifts, transfers from subscribers.
How to access your account:
The following replenishment amounts are available (table).
|coins||The cost of coins in ***|
Withdraw funds from TikTok
To withdraw funds, the TikTok platform uses a cashless payment system called PayPal. If you do not have an account in it, then register and link your account to a profile on a social network. Check the correctness of the entered data: bank card, registration address.
It will be possible to withdraw money from the TikTok wallet if the following conditions are met:
It is not very convenient for citizens of the CIS countries to use this service. This is due to the fact that its main currency is dollars. Tiktokers also need to use PayPal and withdraw funds only through it. And this is not the most popular payment system in our country and a number of other neighboring countries. However, with PayPal you can transfer earnings to a Sberbank card.
how to withdraw money from tik tok
You need to link your TikTok account to the payment system. You can do this only during the first withdrawal of funds.
Actions are as follows (video):
On a note. If the author of the account has not reached the age of majority or has violated any community rules, then the “Wallet” section may not be available.
How long does it take to withdraw
Transfer of funds is carried out within fifteen calendar days from the date of application. According to one version, this is due to security.
According to PayPal policy, the system can hold your funds for up to three weeks.
Withdrawing money to a bank card takes at least 1 more day. Maximum – a little more than a week (7 working days).
The commission is charged by the PayPal service itself, and not by Tik Tok hosting. Its size depends on the country in which you registered your profile. However, for each money transfer, the system cannot charge more than 3.8%. If you withdraw an amount that exceeds $500, then the percentage will be lower. For transferring funds from a PayPal account to another card, the commission is only $5.
Problems and ways to solve them
In the “Wallet” section, there is a section with questions and answers, which describes the main nuances and methods of withdrawal. Let’s consider the most important points:
If you could not find the answer to your question, contact technical support according to the instructions specified in paragraph No. 4.
Is it possible to withdraw money to a QIWI wallet?
You cannot withdraw funds to Qiwi Wallet. But you can transfer QIWI money using TikTok cheat services. These are bots that increase the number of likes and views on the video. Remember that they also have their own commission.
How to link a PayPal account to a TikTok account
PayPal is the largest debit electronic payment system. An account must first be issued and registered for those who do not have it (before linking to an account). The procedure is free.
For convenience, you can download the PayPal application to your phone.
How to link an account to a profile:
Monetization of your content has become quite real. Making money on TikTok is easy, and withdrawing money is even easier.