How To Apply For TikTok Creator Fund – Monetize Your Tiktok Account

February 17, 2021

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How To Apply For TikTok Creator Fund - Monetize Your Tiktok Account

Tiktok is now an unstoppable growth social media with over 500 million users all over the world currently. TikTok creator fund is an ideal place offering opportunity to ambitious creators to make additional earnings with their videos. 

If you’re interested in joining but have no idea how the TikTok creator fund works and where to apply, then you’ve come to the right place. Keep reading to find out the answer and be ready to start your inspirational careers!

Tiktok Creator Fund
Tiktok creator fund is an excellent way to scout talents!

What Is The Tiktok Creator Fund?

The Creator Fund program was officially launched in July 2020 in the US, starting with $200 million. TikTok then claimed that the fund will grow up to $1 billion within the next 3 years. 

The data is for the U.S. only. The platform expected the global number will be doubled. Tiktok team has also committed to £231 million over the next 3 years in the UK.

This is not a revenue sharing or grant program. Tiktok wants to express their gratitude to the creator community out there, using this fund as a reward for creativity and ideas. 

This creative learning fund proves Tiktok is an influencer marketing platform that values its members with this groundbreaking funding. The company is showing its care for the talented creators. That’s what makes Tiktok stand out among rival platforms.

‘Full-time’ Tiktok users can now make a living as influencers, and companies can effectively promote their products, just like Youtube, Facebook, or Instagram. This encourages more users to join their network.

Our services: Buy TikTok Accounts – The best place to buy TikTok account

How The TikTok Creator Fund Works

Tiktok is paying creators by distributing $200 million to all channels that have joined the fund. For people who want to join the community as new creators, they can see it as incentives. 

This fund’s operation shows the importance of engagement, views, and follower count on social media platforms – they all turn into actual payouts later on.

Tiktok Creator Fund Calculator

Members of the fund will receive funds depending on a calculation from their videos. Of course, the earning per creator is different, based on the performance of creators:

  1. Views count and their authenticity (real accounts, no fake bots)
  2. Number of engagement: posts, streams, views per post, etc. (again, must be authentic)
  3. The region where the view/engagement/followers come from 
  4. No types of video or content are limited, but they must follow Tiktok terms of service and Community Guidelines, especially avoid showing violations to users

Besides, the daily funding amount can vary depending on the number of videos released on that day. Therefore, the payments you get will fluctuate daily. 

How Does TikTok Creator Fund Payout Works

Tiktok has distributed money from the fund to some participants since August 10, 2020. This section will provide you with information collected from their sharing and experience. 

You will use a page inside the app called Creator Fund Dashboard to keep track of your funds. In the beginning, the dashboard will display $0 because the money hasn’t been processed yet.

TikTok will disclose the number of funds accrued during the prior monthly reporting period within thirty (30) days of the close of the previous monthly reporting period, which will be computed and payable in US dollars.

If the entire amount of funds equals or exceeds the minimum payment threshold of $50.00 USD. Creator may transfer available funds to  Payment Account. According to the recipients, the money starts coming in after a few days (at least 3 days).  

Once the first payment is allocated to your account, you can see all your financial balance on the dashboard. You also need to integrate your PayPal account into the app to withdraw the credited money. As far as we know, PayPal is the only payment method Tiktok use to connect with your bank account. 

Tiktok Creator Fund
Creator Fund Dashboard

How To Join Tiktok Creator Fund

Tiktok Creator Fund Requirements

Tiktok doesn’t limit the number of creators who can join the fund. All eligible creators can use their pro account to apply within the app.

According to Tiktok’s community policies, video creators who meet all of the following requirements are eligible to apply:

  1. Currently based in the US, UK, France, Germany, Spain, or Italy.
  2. At least 18 years old
  3. Have at least 10,000 followers
  4. Have at least 10,000 video views in the last 30 days
  5. Have an account that fits TikTok’s Community Guidelines and Terms of Service
  6. Have at least 100k authentic video views in the last 30 days to be eligible to join the Creator Fund. (Update on March 25, 2021)

Read more: How To Make Money On TikTok For Beginers?

How To Apply For Tiktok Creator Fund

Creators who want a piece of the pie must sign up for the program. The app has no automatic joining-fund function. If you are qualified but don’t activate the feature, you won’t become a fund member. 

Follow these steps to join the fund inside your Tiktok app:

  1. Go to Settings
  2. Switch to your Pro/creator account (Personal account can’t apply)
  3. In the new Creator setting, access the Creator Fund section.
  4. Tap Apply (Only eligible creators can tap this button. On other accounts’ screens, this section will be grayed out).

There is also another way for you to apply. In fact, the app will send notifications to users who meet the above criteria. You can apply through this message.

  1. Go to your inbox, tap on the All Activity section
  2. Choose From Tiktok. 
  3. Find a notification saying ‘Apply to the TikTok Creator Fund!’
  4. The message will redirect to a new screen, letting you know that you are eligible
  5. Fill the application form: enter your email address, click on the user agreement box  
  6. When you are taken to the Creator Fund Dashboard, it means your application is approved.
how to apply for tiktok cretor fund
Announcement of Tiktok Creator Fund

How Much Does TikTok Creator Fund Pay

For a while, TikTok creators could not directly earn from their TikTok videos. 

The main reason for such a decision seems to stem from the fact that it was a relatively small company. However, no one could have guessed that this social media platform can grow so much so swiftly.

These days, the company has started looking for ways to provide sufficient incentive for TikTok stars to stay. After all, Vine’s failure, where most of its stars went to YouTube due to monetization, is still fresh. If TikTok does not want to suffer Vine’s destiny, providing payments is the way to go.

In July of 2020, there was an announcement about a $200 million fund launched to compensate for videos. After seeing how amazing the response was, TikTok decided to up the amount to $2 billion in the next three years as it goes head-to-head with U.S. rivals Instagram and YouTube.

Top influencers have received between two and four cents per 1,000 views, according to reports. As a result, creators with a large number of views might earn a lot of money.

The plan is to draw from this fund to pay TikTok creators directly for creating content. 

The one thing we are clear about, though, is that you must consistently post engaging and original user content to get the fund. There is also a specific follower count you need to have that is not stated.

Currently, this fund is only open for creators within the States, with plans of expanding worldwide.

Bottom Line

Tiktokers now realize their worth and vice versa, the video-sharing platform is also aware of rewarding its brilliant creator community. This social network is now a fertile place for individual creators, partnerships, and the company itself to do marketing and earn a massive amount of money. Remember, the most important thing you need to keep in mind when joining Tiktok creator fund is innovative content. The video engagement makes you eligible for the fund, and valuable contents help you picked and paid by Tiktok.

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