Re:TikTok profits from livestreams of families begging
by hey2022 on Thursday October 13, 2022 @11:43AM
(#33192558)
App cut is taken at the time of purchase not at time of donation or withdrawal. So on iOS it costs 30% more to buy a coin precisely because they give a cut to Apple. But once the coin is in the system, the cut has been paid and gifts do not have an additional 30% cut.
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Re:TikTok profits from livestreams of families begging
by qjx on Thursday October 13, 2022 @01:05PM
(#33193733)
Also people compare this to twitch, but for twitch's own gifting system(Bits), streamers get 100% of the bits when they cash out. the 50/50 split for the subscriptions(when a viewer subscribe to a streamer - 3 tiers, the cheapest being $4.99)
Re:TikTok profits from livestreams of families begging
by jasonlotito on Thursday October 13, 2022 @06:16PM
(#33197167)
You don't buy bits 1 for 1. You pay a premium for bits. if someone spends $100 on bits and sends them all to someone, you don't get $100 in bits.
The default ratio is $1.40 for 100 bits.
And the 50/50 split for subs is only on the web. In the app, it's not a 50/50 split as the subs cost more.
Yes, the streamer gets 100% of the bits, but it's not equal to the $$ amount.