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 withdrawing funds.
For starters, TikTok can only transfer your funds to PayPal accounts, so the first thing you should 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payments: TikTok only allows minimum withdrawals of $ 100 (10,000 coins), any amount less than that figure cannot be withdrawn.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 of age, 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.
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, the which you will find by contacting: firstname.lastname@example.org.
TikTok Bonus contact email ( email@example.com )
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 every time, 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.