This is how to get money from TikTok once you have crossed the minimum required threshold for withdrawal. But just before we get started on how to get money from TikTok, let’s talk about some fundamentals just to put us all on the same page.
Tiktok is just like Instagram, Facebook, and youtube; it provides a great platform to advertise products, music, videos, and more. Many use the app to promote products and get paid for their services by the brands behind those products. These people are better known as influencers.
Companies are willing to pay anywhere between $200 and $500,000 for each branded video post depending on how many followers you have.
Other than being paid by companies, loyal followers tend to gift their favorite content creators with virtual gifts such as Diamonds which can be converted into real money and withdrawn into a bank account. You also can see other ways to make money on Tiktok from here in this guide.
However, it is important to note that Tiktok has withdrawal rules that must be met before you can initiate any withdrawal. Below are the set rules that you MUST concede to for you to get your cash.
Tiktok rules for a creator to withdraw funds
- The minimum payout is $100: Tiktok accepts your withdrawal request only if you have more than USD100 in your TikTok account.
- The maximum daily withdrawal limit is $1,000: You can only withdraw up to $1,000 from your TikTok account to your PayPal account per day. If you have, say, $5000 in your TikTok account, you have to withdraw the money in five days by withdrawing $1000 each da. That may be a little inconvenient, but those are the rules.
- TikTok can only send funds to PayPal accounts. You have to register for a PayPal account if you don’t have one. If you do, make sure that all of the information you provided is correct.
- Agree to terms of service: You will also have to agree with the Terms of Service before making withdrawals.
How long does it take before one receives the funds?
For real you should not count on the money you have on TikTok if you need it urgently. It takes the app up to 15 days to review your withdrawal application. They say it’s for security reasons, but they also state that it may take even longer for the payment to get approved.
When the app finally approves the withdrawal, you may have to wait even more due to PayPal money transfer policy.
Tiktok’s policy allows them to place your funds on hold until they finish the security checks. It may take up to 21 days until your money becomes available in your PayPal account.
If you want to withdraw the funds from PayPal to your bank account, you will have to wait at least one more day, but it may take up to 7 business days. In Kenya, you can use Mpesa which may take a few hours to receive your money from PayPal.
The bottom line is that you will need to have a lot of patience before you can spend the money you earned on TikTok.
How to check your Tiktok account balance
To view your balance and start a withdrawal, visit your profile and then click the three dots on the top right-hand corner of your screen. Scroll down and select Balance.
You’ll be taken to a screen that shows your coin balance and a small button at the bottom that says LIVE Gifts. Select LIVE Gifts to check your diamond balance.
Now let’s look at how to get money from tiktok
Making withdrawals from TikTok is easy and takes only a few seconds. Here are the eight quick steps for you to make the withdrawal:
- Open the TikTok app.
- Select your “Profile” and tap on the three horizontal lines in the upper-right corner, which takes you to settings.
- Select “Settings and privacy.”
- Select “Balance.”
- Tap on “Live Gifts.”
- Select “Withdraw.”
- Log into your registered PayPal account.
- Confirm the withdrawal.
After following the steps above, the money should now be in your PayPal account. Remember, you can only cash out when you have more than 10,000 coins on your TikTok account.
NB: If you notice that the money you are trying to send keeps bouncing back or going back into your TikTok account, it may be due to an unverified PayPal account. TikTok only sends money to verified PayPal accounts. You can click here to see how to do it.
This is how to get money from TikTok. It is good to note that while monetizing your TikTok account isn’t an easy task to accomplish, it’s absolutely achievable if you have the dedication, strategy, and willingness to learn how it’s done.
Consider joining our affiliate program to start monetizing your Tiktok account using the indirect way to earn money from Tiktok account.
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