The information you need about the TikTok Creator Fund is embedded in this article; you can start earning with your TikTik account.
TikTok is not going to collapse without a fight, despite the constant threat of a US ban. In all of these conflicts that have taken a very ugly political turn, it can be easy to forget that this social media platform is a place for creators and artists to show off their talent. TikTok kindly reminds us of this with their announcement regarding their billion-dollar TikTok creator fund.
Content creators, regardless of their genre or medium, are always people who need to survive and live in this world. Many of these creators manage to settle in even though they work from 9 a.m. to 5 p.m. and have to look after their families. While YouTube has found ways to give back to popular creators on the platform, TikTok’s creators have yet to see a lot of money unless they had a large following. That will change with the TikTok Creator Fund.
Table of Contents
- What is the TikTok Creator Fund?
- What are the eligibility criteria for the TikTok Creators Fund?
- How to apply for the TikTok Creator Fund
- Payment mechanism of the TikTok Creator Fund
- What else should you know about the TikTok Creator Fund?
- What about creators from other parts of the world?
- How can I increase my payment? How can you be more popular?
- What happens to the TikTok Creator Fund when TikTok is banned?
What is the TikTok Creator Fund?
The TikTok Creator Fund is a program that qualifying TikTokers can apply to receive a certain amount of money in the US. The fund was originally supposed to be $200 million, but TikTok recently updated its position stating that the fund will grow by over $1billion in the US alone over the next three years, and more than twice as high all over the world too.
The fund’s basic requirement is to offer ambitious young creators to TikTok the opportunity to build their careers using the popular social media platform and encourage other content creators to do so. With this fund, TikTok can give back to its creators while encouraging new creators to join the platform. While not claiming to do so, this type of initiative reflects that followers are converting into money today. The fund quantifies how much the creators at TikTok have in this app and how much they can lose both financially and in terms of followers.
What are the eligibility criteria for the TikTok Creators Fund?
To benefit from additional income, creators must meet four conditions:
- 18 years or older
- Do you have a baseline of 10,000 followers
- Have 10,000+ video views in the last 30 days.
- Post original content according to community guidelines.
For now, only TikTok creators in the US who meet these funding requirements can apply.
How to apply for the TikTok Creator Fund
TikTok has not announced an official application process. In fact, in their announcement, TikTok also made sure that they will share the process soon. However, few of the TikTok content creators who were able to apply for funding shared the process they had to go through. This is what we know about the process so far.
First of all, you need to make sure that you qualify as per the TikTok eligibility criteria mentioned above. Even after qualifying, you should receive a notification from TikTok asking you to request the Creator’s Fund in the TikTok app.
The notification will ask you to fill out an application form. TikTok will then ask if you want to join the pool and ask you to add your email information. Once you’ve done that, TikTok will take you to your new Creator Funds dashboard, where you can see the amount that has been added to your account.
Payment mechanism of the TikTok Creator Fund
From what the creators at TikTok shared, it takes three days to process the fund amount. Even when the Creator Pool Dashboard is done, it might start showing $ 0. So don’t be surprised.
As soon as the amount has been credited, the balance will be displayed in the Creators Fund dashboard. According to qualified TikToker, PayPal is the intermediary between the creator’s fund and his bank account. Therefore, if you want to withdraw the allocated amount from the fund, you can do so through PayPal.
What else should you know about the TikTok Creator Fund?
We’ve also explored a few other details that we hope can help clear the background of the TikTok creator.
Who received funding from the TikTok Creator Fund?
TikTok shared the names of the first group of nineteen TikTok Creator Fund grant recipients. Makers range from top chefs like Matt Broussard (@acooknamedmatt) to popular cosplayer Cheyenne Jaz Wise (@cheyennejazwise) for their contributions to the platform as well as for the kind of influence and positivity they are spreading around the world.
What about creators from other parts of the world?
In line with the $ 200 million US funding announced by TikTok, the platform has also launched a creator fund specifically for European countries that will offer $ 70 million in the first year and is expected to be at least $ 30 million will achieve. Million dollars in the next three years.
Tens of thousands of creators across Europe will be able to apply for the fund as of September, provided they meet the American creator eligibility criteria above.
How can I increase my payment? How can you be more popular?
The main principle to be followed on a social network is to always create interesting and interesting content. TikTok requires you to create short, really entertaining video clips and publish them enough times for TikTok’s algorithms to capture them.
What happens to the TikTok Creator Fund when TikTok is banned?
The whole world is full of speculation about it. But we still can’t confirm the fate of this app in the US. The decision of the fate of TikTok still rests with the government, and at this point, it is a waiting game.
It was time TikToker took these kinds of advantages out of the app. Creators who put their hearts and souls into the content they produce and share with the world should be rewarded, and this Creator Fund is certainly a step in the right direction. How do you feel about it? Let us know in the comments!