TikTok has become one of the most popular social media platforms globally, with over a billion users worldwide.
In a nutshell, TikTok gifts are virtual gifts that users can buy for their favorite creators.
Can users convert these gifts into real money?
Does TikTok make money on this conversion?
It would be weird if it doesnt.
What part does the company take for itself?
How does TikTok gift commission work?
First, lets see how the conversion process works on TikTok.
Heres how the funds move:
Thats how it works.
But at what point does TikTok take a gift commission?
This happens at the moment when a gift is sent to a creator.
TikTok takes a 50% commission on each gift.
In turn, on your wallet in TikTok, you should see the amount of 10,000 diamonds.
Remember that the daily withdrawal limit is $1,000.
How to calculate how much money I get from a TikTok gift?
As previously mentioned, the TikTok commission is 50%.
So, basically, thats all you gotta consider.
Lets break this down with an example of one of the gifts.
Make it an Email Message for 1,000 coins.
As of now, a 1,120 coin pack is worth $19.99.
This way, it’s possible for you to calculate how much money you will get for any gift.
The main thing is to know the exchange rate of coins to the dollar.
In addition, you should also consider the commission of your bank for the withdrawal of funds.
Even though its often small, it still affects the final amount.
However, there is one condition.
So keep it in mind.