Probably one of the main social networks today is TikTok. We all know, it is that social network that presents a much more modern version of the legendary Lives, full of videos of all kinds, ranging from comedy, music, art, sports, advice, dance, etc. Even cinema, painting, movies… The only limit in TikTok is the imagination, which is why today it is a social network that has infinite contents for an infinite audience.
Now, the same popularity that TikTok has achieved has meant that many people have it too used 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 some requirements to be taken into consideration to make money with TikTok, such as:
- Be over 18 years old.
- Have a minimum of 10.000 followers.
- Get at least 10.000 views in 30 days.
Even if something is true, get paid by TikTok it's much simpler than Facebook or YouTube, as it requires far fewer requirements. So, if you meet these requirements and want to become a TikTok celebrity, now is the time to download it.
What is the minimum amount to withdraw the money?
This social network lets you choose to monetize your content, starting with a certain number of followers, likewise, the amount of money you can earn or not will depend entirely on your number of followers and, of course, your creativity. But just like TikTok lets you monetize without a lot of requirements, it also has some rules when it comes to 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 need to make sure that you provide the correct information when registering.
When you have your PayPal account ready, there are several rules you will have to follow, as:
- Minimum Payments: TikTok only allows withdrawals minimums of $ 100 (10.000 coins), any amount less than this amount cannot be withdrawn. So the idea is to let the coins accumulate until you can reach the stipulated withdrawal amount.
- Your maximum daily limit: this social network it only allows you to withdraw up to $ 1000 per day, created a Paypal account, then suppose you have $ 5500 accumulated in TikTok, you will have to go through the work of withdrawing $ 1000 every day and then $ 500 until the agreed payment is completed. It may seem cumbersome, but you have to follow the rules.
- Terms of Service: it is more than evident that before we opt for any of the benefits offered by TikTok, we will have to accept its terms of service.
I am under 18, how do I collect the money I earn?
One of the main rules of TikTok, when it comes to monetization, is the age of majority, anyone who wants to monetize in any way, thanks to lives, advertisements, etc. You must be of legal age, otherwise everything must be done in the name of the minor's representatives.
The process of withdrawing money from TikTok is the same for everyone, except the process of minors, it will have to be done by their legal representatives.
How to deposit TikTok Bonus money into your bank account
Withdraw your money held on TikTok is probably the simplest action of all, as all you'll need to do is follow a series of simple steps:
- You will need to open the application.
- You will touch the 3 dots located in the upper right corner.
- You will touch the section that says 'Portfolio'.
- You will select "Withdraw"
And this is all, you will need to have an associated Paypal account, it is important to take this into account. You can only collect with an amount after 10.000 coins. It is important to know how much each currency is worth so that we can better understand our balance.
Does TikTok charge any fees?
TikTok itself does not charge a fee for withdrawing the money, but the Paypal wallet does. The percentage usually varies depending on the country where the account is registered, Paypal can charge 3,8% to 6% commission, depending on the country. Likewise, when you withdraw money from Paypal to a bank account, you will need to make a payment of $ 5.
Do I have to pay taxes on the TikTok Bonus money?
This will also depend on the country you are in, because even if it is true that you have to pay the commission to Paypal for the withdrawal, tax laws will vary depending on which country you are in, thus forcing you to declare this money and have to pay a percentage of it.
Alternative payment methods on TikTok
Il universal payment method for TikTok, as we all know, it is PayPal, being practically in any country in the world you can make your payments with Paypal. There are some extra platforms where you can also make your withdrawals, like Nequi for example. Also, in countries like Colombia, for example, in addition to Paypal or Nequi, you can withdraw your funds via a platform called Tpago.
Top up with Paypal
Top up with Paypal is very simple, all you have to do is connect your account and perform the steps established to withdraw your funds from TikTok. The peculiarity of Paypal, and it is the dissatisfaction of most of its users, is the mandatory payment of transfer fees of up to 6% depending on the region in which you are located.
There are several ways to avoid Paypal's percentage fees, such as having an international bank account linked to your Paypal, such as Zelle.
I have requested payment but I am not receiving it, what can I do?
When will you introduce any kind of problem with the platform, both in its operation and in sending new material, problems with your profile and problems with payments, you will need to contact TikTok customer support, which you will find by contacting: transaction @ tiktok.com.
TikTok bonus contact email (transation@tiktok.com)
As mentioned above, this is the email you will need to go to if you have any kind of problem with the functioning of the platform.
The world is constantly changing and undoubtedly the 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 properly.
