How to Get Paid on Fiverr: The Complete Guide and FAQ

Mike Renaldi

23.03.23 (updated more than 1 year ago)

10 minute read

Whether you're a graphic designer, writer, marketer, or anything in between, Fiverr provides endless opportunities to showcase your talents and get paid for your work.

In this article, we'll show you the ins and outs of how to get paid on Fiverr. We’ll also talk about the Wise Business account as a great way to get paid and save on currency transfers.

Withdraw and spend in your
preferred currency with Wise >>

Table of Contents
How Do Fiverr Payments Work? What does Fiverr charge for fees, commission, a subscription? How Do You Get Paid on Fiverr? How to make money on Fiverr How to Work on Fiverr: General FAQ Wise Business – Withdraw, Spend, and Save!

How Do Fiverr Payments Work?

When you start an order on Fiverr, your buyer pays for the services upfront. The platform holds the funds until you finish the order and they're satisfied with your work - then, the money will automatically be released to you.

It's important that you always strive to meet or exceed expectations so that buyers don't request refunds or cancel orders before completion. To make sure everything is running smoothly, be sure to check in on your order status frequently!

What does Fiverr charge for fees, commission, a subscription?

The best thing about Fiverr is that the platform is totally free to use, and there's no subscription required. The only catch is that Fiverr does take a 20% service fee from each order you receive on the platform, including tips.⁸ This means you'll need to factor that into your pricing when offering services, but don't worry - this will be taken out of your total earnings before they are released to you.

How Do You Get Paid on Fiverr?

Ready to start your freelance hustle but worried about the payment process? Let’s talk about how to get paid as a Seller on Fiverr in a few easy steps.

Step 1: Start receiving orders

The payment process on Fiverr is a little different from sites like Upwork, for example. Rather than go through the complicated process of hiring, negotiating details, and starting a contract, the marketplace-style format of Fiverr means clients see something they like and instantly book the service.

Instead of paying you directly, they pay Fiverr. Once the order is done and dusted, you’ll get the funds put into your account.

LEARN MORE: UPWORK VS FIVERR GUIDE >>

Step 2: Wait for the funds to clear

But wait! Your funds will be kept “pending” for 14 days. It may sound like a long time, but it’s for the purposes of satisfaction guarantees and processing. There is good news for Top-Rated Sellers (TRS), Seller Plus Premium sellers, and PRO sellers, though, as they only have a 7-day clearing period. It pays off to be a distinguished seller!

After the set time period, they’ll be ready for you to withdraw.

There is a loophole to this, but one that requires you to work hard. Fiverr offers something called Early Payout, which lets you withdraw your earnings before the clearance period is over.

If you’re eligible based on your performance and sales history, quality measures, and compliance with the terms of service, you’ll be able to use this feature. Unfortunately, this status can change day-to-day, so keep an eye on your Earnings page. There’s also a standard 1% fee that comes with it.¹

Step 3: Set up your payment method

Before you can withdraw money from Fiverr, you'll need to set up your payment method. Fiverr supports several payment options depending on your location, including PayPal, Fiverr Revenue Card, Payoneer, and bank transfer (U.S. only).

To set up your payment method, go to your Selling menu and click on "Earnings.” Click on the Withdraw Balance button or navigate to the Available Funds section to manage your payout methods. Follow the prompts to set everything up, and you’re ready to get paid!

Step 4: Withdraw your earnings

If you have money to withdraw, head to the Earnings section in your Selling menu and click the Withdraw Balance button. You’ll have the option to choose the currency and withdrawal method. As Fiverr operates in USD, withdrawing in any other currency will result in currency conversion fees and any additional charges from your bank or payment provider.

While you’ll have to pay a conversion fee and potentially extra charges, you can withdraw your money in Australian Dollar, British Pound, Euro, Canadian Dollar, and Israeli Shekel.

You won’t be completely surprised, however, as before you confirm your withdrawal, you’ll be able to get a look at the conversion fee.²

How to Withdraw Money From Fiverr: Main Methods

When you're a Fiverr Seller, getting paid is the name of the game. As Fiverr offers limited payment withdrawal options, Payoneer and PayPal are two solid alternatives. Here's a brief rundown of each:

Payoneer

Payoneer is an online payment platform that allows you to receive and withdraw money from around the world. With Payoneer, you can receive payments from Fiverr in three ways:

Set up a Fiverr Revenue card: Use your Payoneer Mastercard to withdraw from your local ATM in your preferred currency, or use Payoneer’s exchange feature for better rates.
Connect Payoneer with Fiverr: This allows you to withdraw money right into your Payoneer account.
Make a bank transfer through Payoneer: Use the bank transfer option but have Payoneer support the transfer for lower fees.

LEARN MORE: PAYONEER REVIEW >>

There’s also a $30 minimum withdrawal from Fiverr, and Payoneer charges a withdrawal fee of $1 to receive your money in 2 days or $3 to receive it in 2 hours. A great perk is that Payoneer won’t charge you any fees for currency exchange. However, you’ll need to pay the exchange rate - but only at 2% above the mid-market rate, making it ideal for those in other countries or who want to withdraw in a different currency.⁴ ⁵

Their low fees and more transparent rates, real-time transfers, security, and flexible platform make it easy to manage cash flow and deal with Fiverr payments in a less stressful manner. You won’t have to worry about losing as much of your hard-earned cash to high fees.

Bank Transfer to Wise	Fiverr Revenue Card
Applicable fees: Free with standard transfer Wire: Flat fee $4.14 per payment for dollar transfers only	Applicable fees: Charges applied by Mastercard
Waiting time (normal): No waiting period	Waiting time (normal): 14 days
Waiting time (top providers): No waiting period	Waiting time (top providers): 7 days
Minimum withdrawal: No minimum	Minimum withdrawal: $30

Withdraw your Payoneer funds to Wise to Save

Withdraw and spend in your
preferred currency with Wise >>

Using the bank transfer method, you can get paid to your Wise Business account and start spending across borders. No monthly fees. No minimum balance requirement. Free business account opening for US businesses.

PayPal

Withdrawing with PayPal is a lot more straightforward, as all it requires is connecting your PayPal account to Fiverr. There’s a low $1 minimum withdrawal from Fiverr. When you choose PayPal for your withdrawal, you’ll get an email letting you know the withdrawal process has started and to configure your PayPal account.⁶ ⁷

All you’ll have to do is head to the Configure Your PayPal Account page, enter the email associated with the PayPal account, and verify the connection through email.

There’s no charge to withdraw to your PayPal account on Fiverr’s end, but PayPal does charge a hefty 3 - 4% currency conversion fee.⁷ There also might be an extra percentage-based fee for international commercial transactions.

Despite the fees, PayPal is one of the most secure and reliable platforms out there, with global availability in many countries and currencies.

Bank Transfer to Wise	PayPal
Applicable fees: Free with standard transfer Wire: Flat fee $4.14 per payment for dollar transfers only	Applicable fees: 3% above the base exchange rate for a pro account
Waiting time (normal): No waiting period	Waiting time (normal): 14 days
Waiting time (top providers): No waiting period	Waiting time (top providers): 7 days
Minimum withdrawal: No minimum	Minimum withdrawal: No minimum

How to save after withdrawing money Fiverr: The Wise Business Account

Wise Business is a financial services company that provides a variety of services for individuals and businesses. If you're a seller on Fiverr, Wise can help you save money in the following ways:

Avoid expensive currency conversion fees: With Wise, you can open an account and get local account details in 10 currencies (USD, EUR, GBP, and more).
Get a better exchange rate: You can then use Wise's competitive exchange rates to convert your earnings into your local currency and transfer them to your bank account. With the mid-market exchange rate, you’ll get more of your hard-earned money.

How to make money on Fiverr

Fiverr offers freelance posisitions and gigs in various sectors. Some of these are marketing, web development, business development, copywriting, etc. In 2021, research showed the highest average price for a position was as high as $231 for presentation design.⁹

Here's are more examples from that list:⁹

Presentation Design - $231
Website Building - $128.90
Website Design - $105.70
Business Consulting $98.10
Social Media Manager - $93.70
3D and 2D Modeling - $65.20
Web Development - $63
Video Editor - $58.40
Book Cover Artist - $51.50
CV, Cover Letter and Resume Writing - $49.6

Of course, it is important to note that each contract is different and is based on the user's experience level. But, there are many cases of freelancers using Fiverr as a their main means of income and not only as a side hustle.

How to Work on Fiverr: General FAQ

Interested in learning more about what it’s like to work on Fiverr? Read on for more information about fees, making money, and finding work.

How to Sign Up For a Fiverr Account: 7 Steps

Anyone over the age of 18 can become a Fiverr seller in just a few easy steps (those under 18 and at least 13 years old can use the site through a guardian-owned account)! All Fiverr accounts start as Buyer accounts, but converting one to a seller account is easy. Now, let's get started with signing up for a Fiverr Seller account:³

Joining: Go to Fiverr's website (www.fiverr.com) and click on Join at the top right corner of the page.
Signing up: You will be asked to sign up using either your email or your Apple, Google, or Facebook account. Choose the option that works best for you.
Selecting a username: Pick out a username. Keep in mind that this will show up in your URL and become your display name.
Picking a password: Fill in your password, click join, and activate your account.
Becoming a Seller: Now it’s time to turn your account into a Seller account. Head onto a desktop (activating a Seller account and creating Gigs are only available on desktop), click on your picture at the top right corner of the homepage, and click Become a Seller.
Onboarding: Start the onboarding process, which first involves watching three videos on how to use Fiverr as a seller and reading tips on do’s and don’ts when it comes to your Seller profile.
Completing your profile: You’ll then work on completing your profile with basic information, information about your training, work experience, and skills. There’s also a chance for you to link your social media sites as well.

That's it! You're now a Fiverr Seller.

How much does Fiverr charge in fees and subscriptions?

Fiverr charges a standard 20% commission on all transactions, including any extras or add-ons. There aren’t any fees or subscriptions to use the platform.

How many days does Fiverr take to clear payments?

For satisfaction guarantee and processing reasons, it takes 14 days to clear payments for standard Sellers. Top-Rated Sellers (TRS), Seller Plus Premium sellers, and PRO sellers get a shorter 7-day clearing period.

Can you make money on Fiverr?

Anyone can make money on Fiverr! Fiverr is a great way to earn money by providing services or selling digital products. Many entrepreneurs and freelancers use Fiverr as an additional source of income, while others have even made six figures a year.¹⁰

How much can you make on Fiverr?

The amount of money you can make on Fiverr depends on what type of services you offer, the demand for your services, the complexity and scope of your projects, and how well you market yourself.

Some freelancers make a full-time living from their work on Fiverr, while others use it as supplemental income. Like anything, the more time and effort you put into your work on Fiverr, the more money you can make. Keep in mind that any work you do has to be reported for tax purposes, the same as any other job.

How does Fiverr make money?

Fiverr makes money primarily through transaction-based fees. There’s the 20% for every Seller transaction, and the 5% service fee and minimum service fee of $2 for Buyers.⁸ In addition to this, they also offer subscriptions for Buyers and extras that can increase their revenue even more.

How do you post a job on Fiverr?

If you’re looking to post a job on Fiverr, the first step is to create an account. Once your account is created and you become a seller, you can start creating and posting gigs.

You can choose from a variety of categories, such as design and creative, digital marketing, and writing and translation, among others. After selecting a category and designing your gig page, all that’s left to do is set the price for your services and submit it for approval!¹¹

How to find work on Fiverr: 4 steps to get started

Finding work on Fiverr is easy. Here’s how you can get started:

Sign-up and create your profile: The first step to finding work on Fiverr is to create an account and set up your profile. This involves adding a profile picture, writing a brief bio about yourself and what services you offer, as well as showcasing any relevant skills or portfolio pieces that prove your experience. It’s also crucial to choose the right category for your services so potential clients can easily find you.
Create your gig: Got your profile set up? Now it’s time to start creating “gigs” – Fiverr’s term for individual services or products offered by sellers. Think about what you can offer that will be valuable to people, and then create a gig for it. Be sure to include images or videos of your product/service, a detailed description, and any other relevant details.
Establish your rates and payment terms: Before you begin working with any clients, make sure to establish your rates and payment terms upfront. This will help ensure that everyone is on the same page and that you’re getting paid fairly for your services. You can also use Fiverr’s built-in messaging system to communicate with potential clients before taking on a job.
Deliver quality work and build your reputation: Once you start working with clients, make sure to deliver high-quality work in a timely manner. As you complete projects, take time to ask for reviews from your customers – this is essential to building your reputation and getting more work in the future.

Wise Business – Withdraw, Spend, and Save!

If you’re a Fiverr Seller, the Wise Business account could be a great way to save money on withdrawals.

With Wise, there are no business account fees, minimum balance requirements, or monthly fees; we don’t do any of that.

You can hold and manage your funds in more than 50 currencies low fees. Plus, you get access to the real mid-market exchange rate every time you convert between currencies - so no hidden surprises!

What's more, the Wise Business account has so much to offer, such as:

Automated payments and invoices
Real-time reconciliation of accounts
World-class customer support
Secure and reliable platform with bank-level security measures
Accounting services like Xero, Sage, QuickBooks, and Wave

Are you ready to start saving on fees!?

Withdraw and spend in your
preferred currency with Wise >>

Sources:

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.