Withdrawing money from a Tik Tok account: step by step instructions

Purse TikTok

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.

Internal currency

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.

PursePurse

How to access your account:

  • Open the app.
  • Go to the “Me” section.
  • Click on the three dots in the upper right corner.
  • Click on the “Wallet” subsection. Your balance will be displayed.
  • If you want to deposit money, then click on the “Deposit” button.
  • The following replenishment amounts are available (table).

    coins The cost of coins in ***
    70 75
    350 379
    1400 1499
    3500 3799
    7000 7690

    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:

  • To withdraw, you need to collect at least $ 100 on your account (approximately 7,500 ***). You will not be able to withdraw a smaller amount.
  • You can withdraw no more than $ 1,000 once a day. For example, if you have $ 2,000 on your balance, then you withdraw the first half on one day, the second on the other.
  • 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 tokhow to withdraw money from tik tok

    Step-by-step instruction

    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):

  • Go to the “Me” section.
  • Click on the three dots in the top right corner.
  • Open “Settings”.
  • Go to Wallet.
  • Go to the “My income” section.
  • Click on the “Output” button.
  • Enter the details from your PayPal card.
  • Confirm the transaction.
  • 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).

    Commission

    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:

  • Your order has not been processed. It is possible that there was simply no access to a stable Internet. Or an invalid payment method was specified.
  • Failed to cash out diamonds. There may be restrictions on your PayPal profile that prevent you from doing this. Confirm your account information and email address.
  • The transaction went through, but the money was not credited to the account. If after 15 days the funds have not reached you, contact technical support.
  • Changes to the PayPal account linked to the profile. To do this, go to “Settings and privacy”, then to the “Report a problem” section.
  • Differences between coins and diamonds. The second ones appear if other users give their coins to the blogger.
  • 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.

    Procedure:

  • Go to the official PayPal website.
  • Open a special form for issuing a card.
  • Specify which account you want to choose: personal or corporate.
  • Add your phone number.
  • You will receive a code that must be entered within 10 minutes.
  • Enter your password and email address twice.
  • Pass the security check.
  • Later, passport details, your photo and place of residence will be requested. You will also need to verify your email.
  • For convenience, you can download the PayPal application to your phone.

    How to link an account to a profile:

  • Open the TikTok app.
  • Go to the “Me” section.
  • Click on three dots.
  • Go to the “Wallet” subsection.
  • Click on the “Withdrawal” button.
  • Follow the instructions to link an account.
  • If you want to change your existing PayPal account to another one, please contact support.
  • Monetization of your content has become quite real. Making money on TikTok is easy, and withdrawing money is even easier.

    Rate article
    TeleGuide
    Add a comment