Fiverr is a great platform for beginner freelancers looking to earn some money and gain their first clients. However, if you’re new to the platform, you may be wondering how Fiverr pays you.
Fiverr pays you 80% of your order fees, and you can withdraw your money through a variety of methods, including PayPal. Fiverr always takes a 20% cut, and you normally need to wait 14 days to withdraw your earnings, although some sellers may only need to wait 7 days.
Below, we go into more detail about how Fiverr pays you, and we’ll discuss the ins and outs of the various withdrawal methods you can use.
How Do You Get Paid On Fiverr?
The Basic Process
When you sign up for Fiverr, you create a profile that includes a list of the services you offer and your rates. You can then start receiving orders from clients who need your services. You can also be matched with clients through Fiverr’s own system, but the majority of your orders will likely come from buyers coming across your gigs in the search results.
Once you receive an order from a client, you complete the work and deliver it to the client through the Fiverr platform. The client then has the opportunity to review the work and leave feedback.
When the client is satisfied with the work, they will release the payment to you through Fiverr. Fiverr will take a percentage of the payment as a fee for their services (it’s always 20%), and the rest will be transferred to you.
Withdrawing Your Earnings
There are several options for withdrawing your funds from Fiverr. You can choose to receive payments through PayPal, a bank transfer, or a Fiverr Revenue Card, although not all options are available in all countries. The Fiverr Revenue Card is a prepaid debit card that is linked to your Fiverr account. It allows you to withdraw your earnings at ATMs or use it like any other debit card to make purchases.
It’s important to note that Fiverr has a policy of holding payments for 14 days after the order is marked as complete. This is called the pending clearance period. This is to protect both the freelancer and the client in case there are any issues with the work or payment. After 14 days, the money will be released to your Fiverr balance.
Overall, getting paid on Fiverr is a straightforward process. As long as you deliver high-quality work and meet the deadlines set by your clients, you can expect to receive regular payments through the platform.
Want more tips on how to always deliver that high-quality work? Check out my Fiverr ebook here.
Do You Need PayPal For Fiverr?
While it is not strictly necessary to have a PayPal account to use Fiverr, it is highly recommended. This is because PayPal is the cheapest and easiest way to withdraw your Fiverr funds, as it comes with a low minimum withdrawal amount (just $1) and no additional fees.
Having a PayPal account allows you to easily withdraw your earnings from Fiverr and transfer them to your bank account or use them to make purchases online. Without a PayPal account, you will have to find another way to receive your payments, such as a bank transfer or the Fiverr Revenue Card.
Creating An Account
If you don’t already have a PayPal account, you can easily create one for free on the PayPal website. All you need is an email address and a credit or debit card. Once you have a PayPal account, you can link it to your Fiverr account and start receiving payments through the platform.
Do You Get Paid Immediately On Fiverr?
You do get paid immediately on Fiverr, in that as soon as a buyer marks your order as complete, the funds will show up in your earnings. However, you will need to wait 14 days before you can withdraw these funds, or 7 days if you’re a Top Rated seller or have a Pro verified gig.
During this 14-day period, the payment will be held in escrow by Fiverr. This means that the money is not released to you until the 14-day pending clearance period has passed.
The pending clearance period allows Fiverr to resolve any disputes or issues that may arise after the order has been accepted (such as chargebacks or other payment issues). While unlikely, these can happen, and this essentially covers Fiverr while the payment is processed.
It’s not ideal for many freelancers, but once you get into a regular routine with orders, it becomes less noticeable. If you want to withdraw your earnings sooner, you may be able to use Fiverr’s early payout system.
Fiverr Withdrawal Methods Explained
Fiverr offers several options for withdrawing your earnings from the platform, including PayPal, bank transfers, and the Fiverr Revenue Card.
Minimum Withdrawal: $1 | Fee: None
PayPal is a popular payment platform that allows you to send and receive money online. If you have a PayPal account, you can link it to your Fiverr account and withdraw your earnings directly to your PayPal account. From there, you can transfer the funds to your bank account or use them to make purchases online.
Minimum Withdrawal: $20 (need to earn $50 to withdraw outside of the US) | Fee: $3
Another option for withdrawing your earnings from Fiverr is through a bank transfer. This option allows you to transfer your earnings directly to your bank account. To do this, you will need to provide Fiverr with your bank account details, including your account number and routing number.
Keep in mind that bank transfers may take longer to process than other withdrawal methods, so you may have to wait a few days for the funds to be transferred to your account. Plus, there may be higher minimum withdrawal limits if you live outside of the US.
Direct Deposit (US Only)
Minimum Withdrawal: $10 | Fee: $1
If you’re a US-based freelancer, you may be able to use direct deposit as another method of withdrawing your Fiverr funds.
Fiverr Revenue Card
Minimum Withdrawal: $30 | Fee: $1 (2 days) / $3 (2 hours)
The Fiverr Revenue Card is a prepaid debit card that is linked to your Fiverr account. It allows you to withdraw your earnings at ATMs or use it like any other debit card to make purchases.
You can no longer get a new Fiverr Revenue Card, but you can still use one if you already have it. Note that this option is not available to freelancers in India.
Can You Withdraw Money From Fiverr As A Buyer?
You cannot withdraw money from Fiverr as a buyer, as any money you add to your Fiverr balance must be used on the Fiverr platform. The same applies if you get a refund, as the money will return to your Fiverr balance rather than your bank account.
Fiverr doesn’t pay you immediately, and the platform will take a 20% cut of your order fees. However, it’s still a useful place to earn money and gain experience as a beginner freelancer, and those with more experience can definitely still make a successful career on Fiverr.