How to withdraw money from your TikTok? You must be eager to cash in on your TikTok fame, right? So, let’s read on, and you can nail it in only three steps!
There are many ways to earn money from TikTok. And once you’re happy with your balance, it’s time to get what your high-quality content has generated. But how to withdraw money from your TikTok?
The whole process is straightforward. You just need to take three steps to get your job done. So, let’s check this complete guide. Then, your rewards will turn into real cash!
How To Withdraw Money From Your TikTok?
As long as your balance meets the payment threshold, you can withdraw money from TikTok. Yet, ensure you have linked your TikTok to PayPal or a bank account before. Here is what you need to do for this process.
Step 1: Meet the payment threshold
First, check if your balance is at least $100, the minimum payout. Even if your videos don’t bring much revenue and you want to quit, wait until you reach the rate. Then, you can withdraw it.
The maximum limit you can withdraw a day is just $1,000. TikTok doesn’t allow you to get more than that. For example, you have $3,000 in your account. So, you can withdraw all in three days, and $1,000 for each day.
Step 2: Link your TikTok to PayPal or bank account
To receive your earnings from TikTok, link it to your PayPal or bank account. Ensure your last and first name on TikTok matches your account’s information.
PayPal
To link your TikTok to PayPal, please follow these steps:
- Firstly, open the PayPal app on your phone and sign in to your account.
- Choose the “Settings” option in the top right corner of the screen. Then, you can see a PayPal link under the profile picture. So copy it.
- Now, launch the TikTok app and tap “Me” to open your profile.
- In the “Privacy and settings” section, find and tap “Balance.”
- From there, you can see how many coins are in your TikTok account. Under the number of coins is “Live Gifts.” You just need to click that option and choose “Withdraw” on the next page.
- Then, it will guide you to the “Withdraw money” page, where you can see PayPal. So tap it.
- After that, enter the email address you used to sign up for your PayPal. If it asks for your ID, paste the PayPal link you have copied.
- Finally, your TikTok and PayPal can sync when you want to withdraw money.
Bank Account
TikTok doesn’t allow withdrawing money via bank accounts in some countries. So check before you try this method. If TikTok accepts it in your area, you can add your bank account to this platform by following the steps below:
- Perform similar steps above so you can access the “Live Gifts” section.
- Choose to use a new payment method.
- Select your region and click “Done.”
- Then, you will see the “Bank Transfer” option along with the PayPal one. So click it, and you will receive a verification code.
- After that, enter the code and agree to the conditions and terms. This step will take you to the “Link bank account” page. From here, you need to submit your bank information.
- Once done, press “Confirm.”
Step 3: Cash out
After linking your accounts, you can withdraw your money from TikTok. Just access the “Balance” tab again, select “Withdraw,” and enter how much you want to withdraw. Then, click “Confirm.”
After receiving your request, TikTok needs about 15 business days to process and transfer money to your PayPal account.
What Are The TikTok Transfer Fees?
TikTok doesn’t impose any transfer fees. Unfortunately, PayPal does. The rate depends on where you registered your account.
Plus, PayPal may categorize your withdrawals as certain types of transactions, such as non-personal transfers or donations. Hence, the rate will vary, too.
Generally, PayPal may charge you about 2% or higher. There are also fixed fees every time you transfer money.
How to Withdraw Money from your TikTok?
Policies For Withdrawing Money From TikTok
As a content creator, you can receive gifts from your followers. Then, once your gift points accumulate, they will turn into diamonds. So, when talking about money on TikTok, I refer to the number of diamonds you have in your account.
How to Make Money with TikTok Aff
TikTok encourages creators to produce high-quality content to earn diamonds. But you should follow the rules when joining this game. Here are some things you should bear in mind:
- TikTok tries to process your withdrawal requests quickly, but it can’t guarantee a specific time.
- TikTok converts your diamonds into US dollars. If you want to work with different currencies, follow PayPal’s fees and terms.
- You are responsible for any taxes on this platform. If needed, TikTok may take out taxes before giving you the money. It may also ask for tax documents or report payments to tax authorities.
- TikTok may end the diamond program at any time. If it does, you will be informed ahead of time. But you won’t get any compensation for the unused diamonds. So remember to withdraw your money from TikTok regularly.
- If you break the rules outlined in the policy, TikTok can take away some of your diamonds.
How to Join TikTok Creator Fund
FAQs for Withdraw Money on Tiktok!
- Can I use Payoneer to withdraw money from TikTok?
Yes. First, you must install the Payoneer app and sign in to your account. Then, link it to your TikTok. So when you want to withdraw money from TkTok, it will automatically go to your Payoneer.
- Why can’t I withdraw money from TikTok?
Maybe you don’t meet the payment threshold, which is $100.
- Can TikTok access my bank account?
Yes. You can link your bank account to TikTok. However, this method is not available in some countries.
Wrapping Up
You can easily withdraw money from TikTok by linking it to your bank or PayPal account. And to get the money, your balance should be at least $100.
And that’s it! Just follow the steps and rules I highlighted above. Now, brainstorm ideas for your next videos and wait to earn money!
