TikTok is adding a new reward function, as well as the ability to send digital “gifts”, which will enable users to make money by creating content.
These new features of TikTok are part of a set of monetization tools called Creator Next, which includes five ways to get paid.
Below is more information about the new features and who is eligible to use them.
A new way to get paid on TikTok
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TikTok’s new tipping feature allows users to send money to other users to express gratitude for the content they created.
When you receive a tip on TikTok, you will keep 100% of the tip value.
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Stripe provides convenience for payment. If you haven’t signed up for Stripe, you must create an account to receive prompts.
A processing fee will be charged when sending a reminder, which is how TikTok earns income because it does not charge a fee from the recipient.
Users who are eligible to receive alerts will display a new icon on their profile. More information on eligibility requirements is provided at the end of this article.
After clicking the icon, the user can choose to send $5, $10, $15 or a custom tip amount.
Please note that if you send a reminder, other users will be able to see what you have reminded and how much money you sent. If you do not want to make this information public, please select the anonymous tip option.
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Users can tip a maximum of US$100 per transaction, for a total of US$500 per day. Users can only make 100 transactions per day.
Video gift
If you’ve used TikTok recently, you may have noticed a new gift box icon in users’ videos.
This is a new gift feature of TikTok, which allows users to send virtual gifts for specific videos.
They are a bit like Reddit rewards, but the recipient can exchange them for real money.
Screenshot from: tiktok.com/creators/creator-portal/, December 2021.Receiving gifts will bring many benefits. First, it led to an improvement in the TikTok algorithm:
“…A key metric used by TikTok to evaluate the popularity of a video is the number of gifts sent to creators of content.”
Secondly, creators will receive “diamonds” when users send virtual gifts, which is the name of TikTok digital currency.
After accumulating enough diamonds, users can redeem them by selecting the “Withdraw” option from their TikTok account.
Eligibility requirements
These are the eligibility requirements for tips and video gifts:
- Over 18 years old
- At least 1,000 video views in the past 30 days
- At least 3 posts in the past 30 days
- Accounts that comply with TikTok Community Guidelines
- Located in the U.S., U.K., Germany, France, Italy, or Spain
- Meet minimum follower requirements (varies by region)
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These monetization capabilities will be extended to Canada and Australia at some point in the future.
Business account is Unqualified For TikTok’s monetization function.
After meeting these requirements, you can choose to join TikTok Creator Next.
Finally, after choosing to join Creator Next, you can download Settings and privacy Page.
For more information, see TikTok’s Help guide.
source: Newsroom.tiktok.com
Featured image: Mehaniq/Shutterstock
