TikTok is a platform on which video creators have the opportunity to make good money as it works in such a way that people top up their accounts to give gifts to creators. The creators then convert their gifts into diamonds. The creators then exchange those gifts for real money. Along with this, TikTok gets its commission. You can count that twice.
TikTok has sufficiently regulated the cash flows within the app. This makes it quite convenient for content creators and viewers to manage their gifts.
What is the commission TikTok?
According to TikTok rules, the content creator pays a commission of 50% when withdrawing funds. This is how much TikTok takes from gifts, but this isn’t the limit.
There are coins, gifts, and diamonds on TikTok. TikTok Coins are the social network’s internal currency. The user buys virtual coins with regular currency money. Coins go to the balance of the TikTok account, after which they can be exchanged for gifts and sent to favorite bloggers during live broadcasts. Users can buy coins during live broadcasts or in the profile settings section.
Viewers then give gifts to content creators during live broadcasts. Gifts are reactions in chat. The gift is purchased in the TikTok app for coins. The important point is – to start live broadcasts, you need to get at least 900 or 1000 first followers. Only after that will you have a Stream button in TikTok.
After receiving a gift, the creator can convert their gifts into diamonds and then their diamonds into real money. Thus, the monetization of broadcasts in TikTok looks like this: first, the user buys coins for real cash. Then the viewer watches the stream and sends the blogger gifts. After the streaming, the blogger gets the diamonds in his account. The diamonds are converted into dollars and are then withdrawn to the card.
At this point, TikTok gets its commission for the second time. During the conversion of coins into diamonds, diamonds are worth 50% of the coins. So the first time at this point, and the second time when the money is withdrawn to the card, at 50%.
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How is the cost of TikTok gifts calculated?
If users want to buy coins to buy gifts, they must buy a package at once. That is, there is no possibility of buying several coins. To purchase coins, you need to use the payment details associated with your Google Play or Apple account. To calculate by example, how much commission TikTok receives is first worth understanding how much coins cost.
| 65 coins | $1,19 |
| 330 coins | $5,99 |
| 660 coins | $11,99 |
| 1321coins | $23,99 |
| 3303 coins | $59,99 |
| 6607 coins | $119,99 |
| 16500 coins | $299,99 |
Thus, you can calculate and find out the actual figures and how much commission TikTok takeskTok. To do this, it’s worth sorting out the cost of gifts.
Some of the most popular gifts are a rose worth one coin, a panda, and a fire worth five coins each. So if the content creator received 10,000 pandas, viewers bought 50,000 coins from TikTok, worth about $900.
The content creator must then exchange those 10,000 pandas for diamonds. At this point, TikTok gets some of it for them since diamonds are worth 50% of the coins according to the rules. After that, when the creator wants to get real dollars for their PiPel, TikTok takes a commission of 50%.
