TikTok, as we know, is a short video-sharing platform that has gained popularity among people of every age in recent years. Now and then, we see TikTok content creators making videos from their homes to the streets. Turning one’s hobby into a full-time job has been the dream of many, so learning how to earn money from the videos you make can turn your hobby into a full-time job. So how can you get your money from TikTok?
To get your money from TikTok, there’s only one way: via your PayPal account. So first, you need to have a PayPal account, and then you can withdraw the money to your bank account through your PayPal account.
If you were on TikTok as a hobby and now you want to make it a full-time job because earning from the videos you make sounds exciting to you, keep on reading. But remember! You need to give it more time and effort. To earn more money, you need to be creative, and your content needs to be engaging. Also! You need to go on live often, and you need to have a lot of followers.
Can You Make Money On TikTok?
The simple answer is Yes!
But can you make money solely by creating content on TikTok? No! Making money on TikTok requires more than that. It requires your creativity, or your content should serve a certain community. You are good to go if you are confident enough to do it.
Like various other social media platforms, many TikTok influencers have gained financial success through TikTok. You can earn and make some serious money on TikTok by choosing plenty of different options.
While there are various ways you can make money on TikTok, we have identified some main sources for you.
7 Ways To Make Money On TikTok
Social media platforms in recent years have been a great income-generating tool. But if you ask me how much you earn from TikTok, it depends solely upon you. If you want to know how to make money on TikTok, here’s how you can do it.
Join The TikTok Creator Fund
The purpose of the TikTok Creator Fund is to “support ambitious creators who are seeking opportunities to foster a livelihood through their innovative content,” according to TikTok.
To state simply, you will get money from TikTok for creating engaging videos depending upon the number of views you get on them.
What Is The Eligibility To Join TikTok Creator Fund?
TikTok has a feature called Creators Next which includes the TikTok Creator Fund.
To join the TikTok creator fund, you need to:
- Be based in the US, France, UK, Germany, Italy, or Spain.
- Have a minimum of 10,000 genuine followers.
- Have at least 100,000 genuine video views in the last 30 days
- Be 18 years or older.
- Have an account that fits with TikTok’s Community Guidelines and Terms of Services.
Thus, you should first make sure that you are eligible to join the TikTok Creator Fund by going through the requirements mentioned above in detail.
Make Sponsored Contents On TikTok
As a social media influencer, you can reach out to different brands and help promote their products and services by creating sponsored posts.
You can collaborate with different brands and use your popularity to get the brands more customers, and in return, you will get paid by the brands.
Get Paid From TikTok Ads
TikTok ads are a good way for businesses to escalate their reach among customers.
You can earn good ad revenues by using branded hashtags, in-feed video ads, brand takeovers, and branded effects.
Receive Virtual Gifts On TikTok
TikTok’s gifting feature allows users to send virtual gifts to their favorite TikTok influencers.
TikTok users can buy gifts and coins on TikTok from their profiles.
Your TikTok viewers will send you virtual gifts and coin payments during live TikTok videos where you can cash them in and get real money.
Sell Merchandise To TikTok Users
The greatest perk of being a social media influencer is using your popularity to promote or sell something.
Once you get popular on TikTok, you can use the platform to sell your merchandise. You can create customized merchandise, market it to your audience, and ask them to buy it.
This is a common practice among prominent social media influencers and a major way to bring money through TikTok.
Place Affiliate Links
You can choose to place affiliate links to your post descriptions or even on your bio to generate some money.
First, you have to join an Affiliate Program such as Amazon Affiliate Program, Clickbank, etc., and get affiliate links for their products.
This is also a major way many social media personalities make their money, as they can sell products to their audience on the company’s behalf.
Promote Music Track
You can earn some revenue by helping to promote music tracks by including them in your videos. You can contact music producers and offer to promote their tracks for a certain amount of money.
If you want, you can learn the best time to upload your TikTok videos according to your location. So, read the article for a detailed understanding.
How Can You Get Your Money From TikTok?
Now that you’ve earned coins and diamonds through TikTok Live, you can view your balance and withdraw it to your bank account.
Making withdrawals from TikTok is easy, but first, you must register for a PayPal account since TikTok can only direct cash to PayPal accounts.
Also, make sure to go through the TikTok withdrawal rules and terms before moving forward. Here is what you’ll need to do.
Step 1: Open The TikTok App
First, you must open the TikTok app and log in to your account.
Step 2: Visit Your Profile
Now, select your profile on the bottom right-hand corner of the app.
Step 3: Click On Three Dots
Click on three dots on the top right-hand corner of your screen.
Step 4: Select “Settings and Privacy”
Then, select “settings and privacy.”
Step 5: Select “Balance”
Select “Balance” to view your coin balance.
Step 6: Select “LIVE Gifts”
Scroll down and select “LIVE Gifts” to view your diamond balance.
Step 7: Click The “Withdraw” Button
Click the “Withdraw” button at the bottom, where you’ll be asked to log in to your PayPal account after agreeing to the terms and conditions.
Step 8: Type The Amount You Want To Withdraw
Then, type the amount you would like to withdraw.
Step 9: Confirm The Withdrawal
Finally, you can withdraw the money from your TikTok account to your PayPal account by confirming the withdrawal.
So, if you want to get your money from TikTok, you can follow the abovementioned steps. This is how you can easily withdraw your money from TikTok to your PayPal account.
Alternative Ways To Get Your Money From TikTok
There might be situations where you do not wish to change the money you earned from TikTok to actual cash or transfer it to a bank account.
In such a case, you can exchange your money for telephone services. For example, you can convert it to coupons to get discounts or promotions or can even recharge your phone using the money.
Alternatively, you can buy gifts with that money on the TikTok application and return the gifts back to followers or anyone you want, whenever you wish.
TikTok Withdrawal Problems And Issues
Making a withdrawal from TikTok is easy, but there are some TikTok withdrawal problems you might have to face as TikTok has its terms and rules.
Below are some of the common TikTok withdrawal problems and issues we have answered in detail.
Why Can’t I Get My TikTok Money To PayPal?
There might be various reasons you struggle to send your money from your TikTok account to your PayPal account.
You need to know that TikTok only sends money to verified PayPal accounts, so first, check if your PayPal account is verified or not.
You may also face problems if the details on your TikTok account do not match the details provided on your PayPal account.
If you’re still struggling to send money, you may contact TikTok support, and here’s how you can do it.
Step 1: Open The TikTok App
First, you need to open the TikTok app.
Step 2: Click On The Three Dots
Click on three dots on the top right-hand corner of your screen.
Step 3: Report A Problem
Scroll down and select “Report a Problem”.
Step 4: Tap The “Notes” Icon
Tap the “Notes” icon on the top right-hand corner of the screen.
Step 5: Select “Tell Us Your Feedback”
Select “Tell Us Your Feedback” at the bottom. You’ll then be taken to a page where you can type your problem.
Step 6: Report
To report the problem to TikTok, select “Report” when you are done.
Thus, you can follow these step-by-step processes to easily report any problems you may encounter during sending your money from the TikTok account to your PayPal account.
How Long Does It Take For Your Money To Get Transferred From TikTok?
If you are in dire need of money, do not depend on the money you have on TikTok as it takes up to 15 days to review your withdrawal application and maybe even longer for it to get approved.
When the application finally gets approved, it may take up to 21 days until your money becomes available on your PayPal account. This may be for security reasons. Their policy keeps the amount on hold until they finish the security checks. For example: If you send your withdrawal application in May, the amount will be available on your PayPal account in June.
PayPal uses a payment system called ACH (Automated Clearing House) payment which is the reason why it takes some additional days for the money to get withdrawn from your PayPal to your bank account. You might opt to choose a faster withdrawal method, but it will cost you extra money.
Why Can’t I Get My Money From TikTok For Less Than $100?
TikTok does not accept your withdrawal request if you have less than $100 in your TikTok account. So, you will have to wait until the money amounts to more than $100 before making a withdrawal.
Why Can’t I Get My Money From TikTok More Than $1,000?
The withdrawal limit is only up to $1,000 per day from your TikTok to your PayPal account. You’ll have to wait another day to withdraw the rest of the amount, which is a little bothersome, but those are the terms.
Frequently Asked Questions (FAQs)
Here we have collected some frequently asked questions related to the topic from the internet, and you might want to go through the answers if you also have queries as such.
What Are The Money Transfer Fees?
While the TikTok app does not charge you any transfer fees, PayPal does. PayPal may charge 2% or more and fixed fees for every money transfer depending on the country where your account is registered and what PayPal classifies your withdrawal as (which maybe donations, non-personal transfers, etc.).
How Much Money Do TikTokers Make?
There is no fixed amount of money TikTokers make, as the amount will vary depending on the number of followers, views, and even localities.
But it has been found that TikTokers with many followers can earn between $200 to $5,000 a month.
It also depends on the kind of content you make. TikTok, for entertainment purposes, gets the highest number of views and hence earns the highest revenues as well.
How Many Views Do You Need To Get Paid On TikTok?
TikTok will pay for your content only if you have accumulated at least 100,000 video views in the last 30 days.
What Are The Requirements For Your TikTok To Get Monetized?
You need to have a minimum of 10,000 followers, have accumulated at least 100,000 video views in the last 30 days, and not forget you must be 18 years or older.
How To Disable Someone’s Live Notifications On TikTok?
To disable someone’s live notifications on TikTok, first, Open the app > Go to the following section > Search for the account > Tap on the account > Click on the bell icon > Click on “Turn Off Live Notifications.”
Conclusion
Therefore, you can make money on TikTok from various sources, such as by joining the TikTok creator fund, making sponsored content, selling your merchandise, and so on.
For TikTok to send you your money, you must have a PayPal account. Now go through the TikTok withdrawal rules and terms. Then, TikTok withdraws the money you earned from your TikTok account to your PayPal account. And from your PayPal account to your bank account.
Comment if you found this article helpful or have any input on the topic!
