This feature is not for everyone. First, you must have 100,000 followers to even think about testing this feature. You also have to apply through this in-app feature for approval. For the most part, the approval process is quite fast if you meet the criteria.
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The best thing about the feature is that TikTok does not take a cut in your payments. You get 100% profits which is really cool. The payment tips that people can send are $5, $10, $15 or a custom amount. Also, people can send tips anonymously without attaching their names. I think this could be an interesting feature if they put this widespread with a lower follower count in the feature. Unfortunately, I do think that that TikTok will definitely take a cut if this feature becomes widespread!