Withdrawing money from your TikTok account: step by step instructions

The audience of the social network TikTok is growing rapidly. Many users are considering earning money through this platform. In this article, we will consider how to withdraw money from TikTok. Problems and solutions.

Where does the money come from on TikTok

The option of making money on the Internet is becoming more and more popular among young people and adults. On the TikTok social network, 29% of users have an income above the average, 36% have an average income, 11% have less than the average.

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.

A special calculator will help you calculate your approximate earnings. The calculation is based on the interest and the number of subscribers.

Local currency

The coins are called TikTok Coins. This is the internal currency of the social network. The user can buy virtual coins for regular, real money. They go to the account balance in TikTok. After that, the 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.

Help. The minimum possible donation is 1 coin.

TikTok wallet

The Tik Tok wallet is where coins and diamonds are kept. Moreover, those that you have deposited into the account yourself, and gifts, transfers from subscribers.

Wallet

How to get into your account:

  • Open the application.
  • 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.

Withdraw funds from TikTok

To withdraw funds, the TikTok platform uses a non-cash payment system called PayPal. If you do not have an account in it, then register and link your account to your profile on the 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. You cannot withdraw a smaller amount.
  • You can withdraw no more than $ 1000 once a day. For example, if you have $ 2,000 on your balance, then you shoot the first half one day, the second the next.

How to withdraw money from Tik Tok

Step by step instructions

You need to link your TikTok account to the payment system. You can do this only during the first withdrawal of funds.

The actions are as follows (video):

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

Note. If the author of the account has not reached the age of majority or has violated any of the community rules, then the “Wallet” section may not be available.

How long does withdrawal take

The 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’s policy, the system can hold your funds for up to three weeks.

Withdrawing money to a bank card takes at least 1 more day. The maximum is a little more than a week (7 working days).

Commission

The commission is charged by the PayPal service itself, not by TikTok hosting. Its size depends on the country in which you registered your profile. However, the system cannot demand more than 3.8% for each money transfer. If you withdraw an amount that exceeds $ 500, then the percentage will be lower. For transferring funds from your PayPal account to another card, the commission is only $ 5.

Problems and solutions

In the section “Wallet” 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 the payment method is invalid.
  • Failed to cash out diamonds. Your PayPal profile may have restrictions that prevent you from doing this. Verify your account details and email address.
  • The transaction was completed, but the funds were not credited to the account. If after 15 days you have not received funds, please contact technical support.
  • Changes to the associated PayPal account. To do this, go to Settings & Privacy and then Report a Problem.
  • Differences between coins and diamonds. The latter appear if other users donate their coins to the blogger.

How to link a PayPal account to your TikTok account

PayPal is the largest debit electronic payment system. An account must first be issued and registered by those who do not have one (before linking to an account). The procedure is free.

Procedure:

  • Visit the official PayPal website.
  • Open a special form for registration of the card.
  • Please indicate 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 Security Check.
  • Passport details, your photo and place of residence will be requested later. You will also need to confirm your email.

For convenience, you can download the PayPal application to your phone.

How to link an account to a profile:

  • Open the TikTok application.
  • Go to the “Me” section.
  • Click on the three dots.
  • Go to the “Wallet” subsection.
  • Click the “Withdraw” button.
  • Follow the instructions to link your account.
  • If you want to change your existing PayPal account to a different one, please contact technical support.

Monetizing your content has become quite real. It is easy to make money in TikTok, and it is even easier to withdraw the received money.