TikTok adds monetization features for its creators

by techcartel

TikTok is the latest social media app to introduce creator monetization features which allow creators to earn money from their videos. TikTok has announced that it will be releasing features to the app that will allow its creators to receive tips and video gifts from their followers on the platform.

These features are rolling out together with a new,“Creator Next” platform. The platform is where you can go and access all TikTok’s monetization opportunities. TikTok’s Creator Next platform says that creators need to be at least 18yrs old, and will need to meet follower requirements. The follower requirements may vary depending on the region but it is still about 100,000 for now. Creators must also have at least 1,000 video views and at least 3 videos over the past 30 days to be eligible for the offer. Also, eligible accounts must be at least 30 days old and in good standing with TikTok’s Community Guidelines with no repeated rule violations.

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Creators in U.S., U.K., Germany, France, Italy, and Spain now have access to Tiktok’s monetization features. They also plan to widen this offering to other countries such as Canada and Australia in coming months.

TikTok also mentioned that creators will receive 100% of the tips. Tippers may have to pay a small processing fee to TikTok’s payment provider, Stripe, to cover service fees, but Tiktok isn’t having any share of that revenue. 

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