How To Withdraw Money From The TikTok Creator Fund // How To Add A Payment Method

Introduction

In this guide, I'll walk you through the process of adding a payment method to the TikTok Creator Fund and how to withdraw your earned money. Whether you've been going live on TikTok or are newly part of the Creator Fund, this article covers everything you need to know.

Overview

Before we delve into the details, I want to give a special shout-out to Legendary Gorilla and Jenna Cuomo for being active on my platform and leaving comments. If you want to be featured in my future videos, make sure you engage by leaving comments!

Step-by-Step Guide

Accessing Your TikTok Account

Open TikTok App: Make sure you are logged into your account.
Go to Settings: Tap on the three dots located at the top right corner of your screen.
Click on Balance: This will display your TikTok coins and other metrics. Don't click on the Creator Fund just yet.
Select Live Gifts: This will show you any earnings from your live sessions.

Withdrawing from Live Gifts

Withdraw Funds: Click on the 'Withdraw' button located at the bottom.
Select a Payment Method: You can set up PayPal or link it to your debit card for receiving money.
Confirmation: Once you click withdraw, you will be asked to confirm the transaction.

Adding a Payment Method for the Creator Fund

Go to Live Gifts Section: Follow the above steps to reach the Live Gifts section.
Set Up Payment Method: If you already have a PayPal account linked from going live, you don’t need to do anything further.
Add New Withdrawal Method: If you want to add a different withdrawal method, click on 'Add'.

TikTok Creator Fund Payment Details

Minimum Withdrawal Amount: You need at least $ 50 in your Creator Fund to withdraw.
Timing: It takes about 30 days after the end of the month in which the funds were accrued.
Withdraw Limits: You can withdraw a maximum of $ 3000 per day, and you can only withdraw up to five times a day.

Practical Example

I demonstrated withdrawing money as an experiment, and I was successful in withdrawing even an amount under $ 50. This shows changes in TikTok's withdrawal policies, allowing smaller amounts to be withdrawn more flexibly.

Comparing with YouTube’s Payment System

The YouTube threshold is set at $ 100 before you can withdraw. Similar to TikTok, YouTube pays out on the 21st of each month and requires a 30-day waiting period after initial earnings.

Important Points to Remember

Two-Month Wait for First Payment: After the initial two months, payments can be regular every 30 days.
Follow-Up: Keep an eye on your notifications and email for successful transactions.
TikTok Isn’t Going Anywhere: With Oracle and Walmart partnering up with TikTok, the platform is here to stay, ensuring creators can rely on their earnings.

Don't forget to follow me on TikTok and other platforms for more tips and updates. Make sure you like and subscribe to my videos, leave comments, and share this guide with others who might find it useful.

Keywords

TikTok Creator Fund
Add Payment Method
Withdraw Money
TikTok Balance
Live Gifts
PayPal
Minimum Withdrawal Amount
Payment Method Setup
TikTok Earnings

FAQ

Q: How do I add a payment method to my TikTok Creator Fund? A: Access your TikTok account, go to settings, click on balance, then live gifts, and select 'withdraw' to add a payment method.

Q: What is the minimum amount I can withdraw from the TikTok Creator Fund? A: The minimum withdrawal amount is $ 50.

Q: How long does it take for funds to be available for withdrawal? A: Funds are available to transfer 30 days after the end of the month in which they were accrued.

Q: Is there a limit on how much I can withdraw from TikTok daily? A: Yes, the maximum you can withdraw is $ 3000 per day, and you are allowed up to five withdrawals a day.

Q: Can I withdraw less than $ 50 from my live gifts earnings? A: Yes, recent changes allow withdrawing amounts less than $ 50 from live gifts earnings.