When TikTok first announced its creator fund program, it was a dream come true for creators on the app. Like other social media platforms, including Youtube, Instagram, and Snapchat, TikTok was now finally offering to pay its creators for the content they were posting online that generated millions of views.
As sweet as that sounds, it’s not all rainbows and butterflies. Many TikTok creators have come online and shared their experiences with the creator fund, and many want to withdraw from the program. If you’re also unhappy with the creator fund and want to leave it, but you’re not sure how to, you’ve come to the right place!
To leave the TikTok creator fund, go to your Creator Fund Dashboard from your pro account and click the “Leave the Creator Fund” button. Then, you won’t be a part of the creator fund. However, you can always rejoin the creator fund by reapplying to it.
TikTok creator fund has provided an excellent opportunity for content creators to earn off their content and all their hard work. Still, some think it might not be enough compensation for the creators’ time and effort, primarily owing to the app giant’s success. So what went wrong, and how do you leave the creators’ fund?
You are not alone if you want to leave the TikTok creator fund. Many global creators have expressed their resentments over how TikTok is distributing money to its creators and are not happy with it.
Here are the simple steps you can follow to withdraw from the program:
- Open TikTok on your smart device and log in.
- Tap the “Profile” tab in the bottom right corner.
- Tap the menu icon in the top right corner.
- Select “Creator Tools.”
- Tap on “TikTok Creator Fund” to access your creator fund dashboard.
- Once you are on the dashboard, tap the three dots in the upper right corner of your screen.
- Next, tap the “Leave the Creator Fund” button at the bottom of your screen.
- Confirm by tapping “Leave,” and you’re all done!
After leaving the creator fund, you will get a confirmation message in the app informing you that it’s officially done.
If you change your mind and want to rejoin the fund, fret not. The process of rejoining is straightforward. A “Reapply” button is shown on the confirmation page that you can click on to rejoin the creators’ fund.
Your application will have to go through the initial process, which might take some time as TikTok does not hold your place in the fund once you’ve left it. So, choose wisely, folks!
What Is TikTok Creators Fund, and Why Are People Leaving It?
TikTok’s popularity has seen exceptional growth over the past couple of years. With millions of videos worth of content posted daily, the app quickly became a space for advertisers to get eyes on their products. This led to TikTok rolling out its creator fund.
Starting with $200,000,000 in 2020, TikTok announced that the fund would grow to more than $1 billion over the next three years. To cash in on the jackpot, creators must:
- Be Adults (age over 18)
- Have a Pro account
- Have at least 10,000 legitimate followers
- Have at least 10,000 views in the last 30 days
The fund works by dividing its worth by the number of creators who have joined the fund, and money is given out depending on the popularity of the influencer.
However, that is precisely where the problem lies. TikTok offers its creators compensation from a static pool of money that is not tied to TikTok’s rising popularity and increasing revenues. This results in creators making as little as 2.5 cents per 1000 views!
Many users have also complained about TikTok throttling views to avoid paying up. There are also problems regarding the ambiguity surrounding how much money TikTok is paying its creators. It has never been disclosed how much one view is worth.
TikTok has denied most of these claims in a recent blog post and aims to bring much-needed improvements to its creators’ fund program.
The creator fund might not be perfect, but it is definitely a start in TikTok’s monetization of content. With a detailed review of subsequent changes, creators will soon be earning sufficiently through TikTok and making it their source of income.
For now, fortunately, TikTok has the option to withdraw yourself from the fund if it does not seem to suit you!
As per TikTok’s official correspondence, joining the creators’ fund does not hurt your views, and any fluctuations are caused by natural in-app fluctuations. However, many users have reported lowered views after joining the fund and views going back to normal after leaving the fund.
There has been no official announcement regarding this from TikTok; however, estimates show that TikTok pays its creators around 2 to 4 cents per 1,000 views.
TikTok creator fund is available for users in the US, UK, France, Germany, Spain, and Italy. TikTok plans to expand its reach to countries like Australia and Canada soon.