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TikTok said Friday that the wallet for its $1 billion TikTok Creator Fund will be available soon, and it sought to clear up two recurring questions about how the fund operates.
The video-creation platform said the wallet will enable creators to transfer funds to their linked payment method and withdraw what they have earned at the end of each month.
TikTok addressed questions about whether being part of the Creator Fund impacted its recommendation engine, saying that the fund is not factored in at all, and the recommendation engine does not receive information on whether or not creators are part of it.
The company also explained how payouts are calculated, writing in a blog post, “Funds are calculated based upon a number of factors.