Have you ever wondered about how to withdraw money on TikTok? Many users have earned income from this platform but have not clearly understood the implementation. In this article, Ecomobi will provide detailed instructions on how to easily withdraw money from TikTok affiliate marketing to your bank account, making money on TikTok Affiliate more convenient and effective.
Sources of income from TikTok
Content creators on TikTok can make money in two main ways:
- Commissions from livestreams: Viewers give gifts (flowers, virtual gifts) during livestreams. The value of these gifts will be converted into money and can be withdrawn to a bank account.
- Commission from TikTok Shop Affiliate: When viewers buy products through affiliate links on videos or livestreams, you will receive a commission after the order is successfully delivered and will not be refunded.
Instructions on how to withdraw money on TikTok
When joining Affiliate TikTok in the Philippines, you will be asked to enter payment account information. TikTok offers many ways to receive money, including:
- Bank transfer: This is the most common form, requiring you to enter accurate account information.
- E-wallet: TikTok also links with e-wallets for easier withdrawal.
Withdraw TikTok money manually
- Step 1: Log in to your TikTok account ⮕ press “Profile” in the lower right corner of the screen.
- Step 2: Select “Account Management” ⮕ “Commission” to see the amount of commission you receive.
- Step 3: Click “Withdraw money” ⮕ Enter the amount you want to withdraw ⮕ Enter information about your bank account or e-wallet
- Step 4: Wait for confirmation from TikTok. Normally, the money transfer process will take a few business days.
How to withdraw money on tik tok automatically
Currently, Tiktok Shop has an additional form of Automatic Withdrawal. Accordingly, money will be automatically transferred to the registered bank account every Wednesday.
To make automatic TikTok affiliate marketing withdrawals, follow these steps
Step 1: Go to the Withdrawal section. Click on Automatic withdrawal settings.
Step 2: At the next interface, drag the Automatic Withdrawal button to the right to activate the function.
- The Merchant’s primary bank account will automatically be selected as the beneficiary account.
- TikTok Shop will periodically transfer money every Wednesday and must meet the condition that the Available Balance is higher than the minimum payout.
Step 3: After selecting, click “Confirm”. From here, the commission will be transferred to your personal bank account every Wednesday.
>>> See more: How to link TikTok Shop with a bank account HERE.
TikTok Affiliate commission processing and withdrawal time
Once the order is completed, the customer has 14 days to return the goods. If there is no return, the commission will be confirmed and typically processed within 21 – 30 days. Besides, commissions can only be received after the seller’s order is settled. Thus, the payment of TikTok Affiliate commission will depend on the type of settlement time of the seller. There are 3 types of settlement times that can be applied:
- Standard settlement: 7 calendar days
- Fast Settlement: 3 calendar days
- Extended settlement: Settlement time is 15 calendar days.
Check TikTok withdrawal status
Once you submit your withdrawal request, it cannot be canceled or edited. The time to process the transaction and transfer the money can take up to 5 business days before the money is transferred to the seller’s bank account.
- Processing: This stage can take from 1 to 5 business days depending on the system’s processing speed.
- Fund transfer completed: When the transaction is completed and the money has been transferred to your account, including waiting time.
- Failure: If the transaction fails, the seller needs to update the bank account information. In this case, the amount will automatically return to the “Available Balance” section of your TikTok Shop account.
>>> TIPS: Checking and updating accurate account information is important to ensure the withdrawal process goes smoothly.
How many times/day can I withdraw money?
You can only make 1 withdrawal every 24 hours. For example: If the seller successfully withdraws money at 15:00 on December 20, then the seller can only withdraw money again after 15:00 on December 20.
You will receive the money within 1 business day at most.
How much is the TikTok Affiliate commission withdrawal fee?
- Bank account: Service fee is 0.12 USD + 1% tax/transaction
- E-wallet: Service fee is 1.55% + 1% tax/transaction
- The maximum amount is unlimited.
Notes you need to know about TikTok Affiliate withdrawal
Why don’t I receive any Tiktok Affiliate commission?
An order will not be considered eligible for commission if:
- The customer decides to cancel the order before receiving the goods.
- Customers request a refund within the post-sales period (14 days)
- Customers only request a partial refund after receiving the goods, the creator will still receive a commission corresponding to the value of the non-refundable goods.
- Customers do not complete orders due to fraudulent activities
Synchronize account name with commission payment information
When creating an account, you need to make sure that your account name matches the personal information (name on your bank account) that you will use to receive commissions. Filling in accurate information not only makes it easier for the system to process but also protects your rights in cases that arise.
When entering account information to receive commissions, pay attention to filling in the correct syntax:
- First name: enter your name.
- Last name: fill in first name and middle name.
For example, if your full name is “David A” you would enter “David” in the first name and “A” in the last name.
Make sure there are no violations
TikTok has strict terms regarding content and monetization, so avoid violating the rules to avoid getting your account locked or losing your right to receive commissions.
Through the article above, Ecomobi has guided you on how to withdraw money on TikTok in the most detail. Hopefully, through the above information, it will help make the process of making TikTok affiliate easier and more convenient. At the same time, don’t forget to follow Ecomobi to quickly update the latest information about Affiliate Tiktok!
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