How to withdraw or collect the money generated
Modernity has brought us many incredible things, but without a doubt, one of the sectors that has benefited the most is entertainment and all that it entails. Similarly, social networks have evolved little by little, until they are what they are today, an important part of the lives of many and even the economic support of many people.
Probably one of the leading social networks today is TikTok. We all know it, it is that social network that presents a much more modern version of the mythical Vine , full of videos of all kinds, ranging from comedy, music, art, sports, tips, dance, etc. Even cinema, painting, movie clips … The only limit in TikTok is the imagination, that is why today, it is a social network that has infinite content for an infinite audience.
Now, the same popularity that TikTok has reached has meant that many people have even used it commercially, yes, that’s right, they make money making videos on TikTok. You can earn money in different ways, advertising companies, music, making live videos, etc. Although as you well know, there are certain requirements to take into account in order to make money with TikTok, such as:
- Being over 18 years.
- Have a minimum of 10,000 followers.
- Have at least 10,000 views in 30 days.
Although if something is true, getting TikTok to pay you is much easier than Facebook or YouTube, since it asks for many fewer requirements. So if you meet these requirements and want to become a TikTok celebrity, this is your time to download it.
What is the minimum amount to withdraw the money?
This social network allows you to choose to monetize your content, starting with a certain number of followers, in the same way, the amount of money you can make or not will depend entirely on your number of followers and of course, your creativity. But just as TikTok allows you to monetize without many requirements, it also has certain rules when it comes to withdrawing funds.
For starters, TikTok can only transfer your funds to PayPal accounts, so the first thing you need to do is register an account. You will have to make sure you provide the correct information when registering.
When having your PayPal account ready, there are different rules that you will have to follow, such as:
- Minimum payments: TikTok only allows minimum withdrawals of $ 100 (10,000 coins), any amount less than that figure cannot be withdrawn. So the idea is to let the coins accumulate until you can meet the established withdrawal figure.
- Your maximum daily limit: This social network only allows you to withdraw up to $ 1000 per day, made a Paypal account, so suppose you have $ 5500 accumulated in TikTok, you will have to go through the work of withdrawing $ 1000 every day and then $ 500 until completing the established payment. It may sound cumbersome, but you have to follow the rules.
- Terms of Service: It is more than evident that before opting for any benefit given by TikTok, we will have to accept its terms of service.
I am under 18 years old. How do I collect the money earned?
One of the main rules of TikTok, as far as monetization is concerned, is the age of majority, anyone who wants to monetize in any way, either thanks to lives, advertising, etc. You will have to be of legal age, otherwise, everything will have to be done in the name of the minor’s representatives.
The process of withdrawing money from TikTok is the same for everyone, except that the process of minors, will have to be carried out by their legal representatives.
How to deposit TikTok Bonus money into your bank account
Withdrawing your money held on TikTok is probably the simplest action of all since all you will have to do is follow a series of simple steps:
- You will have to open the application.
- You will touch the 3 points that are in the upper corner, on the right.
- You will touch the section that says ” Wallet ”.
- You will select ” Withdraw ”
And that’s it, that’s all, you will have to have a Paypal account associated, it is important to take this into account. You can only collect with an amount after 10,000 coins. It is important that we know how much each currency is worth so that we can better understand our balance.
Also Read:- How much money can you earn with TikTok Bonus?
Does TikTok charge any commission?
TikTok by itself does not charge a commission for the withdrawal of the money, but the Paypal wallet does. The percentage usually varies according to the country in which the account is registered, Paypal can charge from 3.8% to 6% commission, depending on the country. Similarly, when withdrawing the money from Paypal to a bank account, you will have to make a payment of $ 5.
Do I have to pay taxes on TikTok Bonus money?
This will also depend on the country in which you are, because although it is true that you must pay the commission to Paypal for the withdrawal, the tax laws will vary depending on the country in which you are, thus forcing you to declare this money and have to pay a percentage of it.
Alternative payment methods on TikTok
The universal payment method for TikTok, as we well know, is PayPal, being practically in any country in the world you can carry out your payments with Paypal. There are some extra platforms where you can also make your withdrawals, like Nequi, for example. In addition to that, in countries like Colombia, for example, in addition to Paypal or Nequi, you can withdraw your funds through a platform called Tpago.
Charge with Paypal
Charging with Paypal is super simple, all you have to do is link your account, and perform the established steps to withdraw your funds from TikTok. The particularity with Paypal, and it is the dissatisfaction of the majority of its users, is the mandatory payment of transfer fees of up to 6% depending on the region in which you are.
There are different ways to avoid Paypal percentage commissions, such as having an international bank account linked to your Paypal, such as Zelle.
I have requested the payment but I do not receive it, what can I do?
When presenting any type of problem with the platform, either in its operation, in the posting of new material, problems with your profile, and problems with payments, you will have to contact TikTok’s customer support, which you will find by contacting: [email protected]
TikTok Bonus contact email ( [email protected] )
As we mentioned earlier, this is the email to which you will have to go if you have any type of problem with the operation of the platform.
The world is constantly changing and without a doubt, professions are becoming much more interesting, and if you are part of the world of social networks, it is important that you know all the means to be able to profit correctly with them.
What is Tiktok Shop, how to sell and shop
TikTok Shop is a shopping feature of the TikTok app. Here users can sell and shop online. This is the way.
Along with the development of technology, Tiktok is now starting to add an online shopping feature called Tiktok Shop. This ByteDance dropout application was declared the platform with the most users having a total number of downloads of more than 2 billion times per the first three months of this year globally.
Tiktok is increasingly loved by many people because it is a multifunctional platform with interesting features. Judging from the name, Tiktok Shop is online shopping and selling feature. We can shop easily as well as access the TikTok application.
Compiled by us from several sources, the process of shopping on this latest feature is very easy. You only need to make sure that the application that has been downloaded on the cellphone is the latest version and already has a registered account.
There is also no need to switch to another application to continue the transaction so as to make the shopping experience even easier. Tiktok Shop also offers products from various brands and products from MSMEs. We can also shop directly, and provide various promos to get the opportunity to get attractive prizes.
How to sell on TikTok Shop:
- Open TikTok Shop at this address
- It says Become a Seller, sign up with a Tiktok account to open a Tiktok Shop. Or, you can also sign up with a phone number and email.
- After that, fill in some required personal data information such as phone number, email, and so on to be completed.
- After that, fill in the profile of the Tiktok Shop Seller Center digit according to what you want, such as the name of the store to the type of business being run. Make sure the name used can be easily remembered by the buyer!
- After everything is done, then proceed to continue the registration. If it has been confirmed, then the Tiktok Shop Seller Center can be enjoyed to make sales.
How to shop on TikTok Shop:
- Open the TikTok app and visit the store account you want, or search for it in search with the hashtag #tiktokshop
- Go to his profile page and click ‘Shop’ with the bag icon. A list of items for sale will appear
- Select the item you want and click ‘Buy Now’. Fill in the shipping address, the number of goods and others.
- You can pay for goods orders via credit card, bank transfer, Ovo, GoPay and Dana.
That’s how to sell and shop on TikTok Shop. Good luck!
How to Shop on TikTok Shop Live, Also While Live Streaming
Online shopping has now become a lifestyle for people and is available on many social media, including TikTok.
The short video sharing application TikTok has now expanded its business into the realm of e-commerce by releasing features of TikTok Shop in April 2021.
Then, what is it TikTok Shop? Just like his name, TikTok Shop is an online shopping feature that allows users to buy and sell goods directly in the application.
Past TikTok Shop, users can directly shop through TikTok without having to switch to another application to complete the transaction for purchasing the desired product.
Different from Instagram Shopping or Facebook Shops, this TikTok Shop feature does not direct users to the website of the store in question.
This means that for all purchase transactions, chat with sellers until the payment process is carried out within the TikTok application itself.
How to shop on TikTok Shop
The process of shopping at TikTok Shop is relatively easy.
For those of you who have never purchased goods through the TikTok Shop feature, please refer to the steps on this next page.
First, open the TikTok app on your smartphone (Android/iOS).
After that, visit the official store account of the product you want to buy.
Next, click the “Shop” icon (image of a bag) that appears on the main “Profile” page.
When clicked, you will find a product window from the store in question.
You simply choose what items you want to buy by scrolling down the screen.
If you have determined, click the “Buy Now” button in the lower right corner.
Then on the “Order Summary” page, fill in your complete address along with the order of the item you want, such as the number of items, color, notes (optional), and payment method.
There are seven payment options that you can choose from, namely, GoPay, Bank Transfer and Credit Card.
After going through all the stages, follow the next instructions until the payment transaction is complete.
How to view order history on TikTok Shop
To view the order history of the items you have purchased earlier, you can visit the “Settings and Privacy” menu, then select the “Orders” option.
There, you will see an “Orders” page containing tabs such as “All“, “Unpaid“, “To Ship“, “Shipped“, and “To Review“.
Apart from going through the settings menu, the “Orders” page can be accessed by clicking the “Inbox” tab, then selecting “Shop Updates“.
How to shop on TikTok Shop while Live Streaming
Interestingly, TikTok users can also buy goods directly during Live Streaming sessions.
Usually, creators or online stores on TikTok use Live Streaming as a place to promote goods while selling their products.
The trick, open one of the Live Streaming broadcasts that you want.
Products sold during Live Streaming are usually displayed through a small window in the lower right corner.
There, you can directly click the “Buy” button to make a purchase, then select “Buy Now“.
On the next page, fill in your full address along with the order of the item you want, such as the number of items, color, notes (optional), and payment method.
Similar to Instagram Stories, TikTok Launches Similar Features for Its Users
Twitter recently officially removed its Stories-like feature, Fleets. But not long after, TikTok, which is now one of the most popular social media applications, has announced a feature called TikTok Stories.
As the name suggests, TikTok Stories is a feature that allows users to upload posts to TikTok which will be automatically deleted within 24 hours.
More simply, TikTok Stories is an Instagram Stories feature but for TikTok. Even the way the feature works is practically the same as Instagram Stories and is different in terms of layout.
If in Instagram Stories we can see markers for the number or duration of Stories through the bar at the top of the screen, in TikTok Stories the bar is actually at the bottom of the screen.
It is stated that currently the TikTok Stories feature has been presented to a small number of users from several countries. It is planned that this feature will be released globally in the near future.
“We are constantly thinking about how to generate community and enrich the experience on TikTok. We are currently exploring new ways to enable creators to bring creative content to the community,” a spokesperson for TikTok told The Verge.
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