It’s also very important to understand exactly how to withdraw funds for the money earned online. Fiverr has done a great job of providing more than one payout methods to any seller on their platform this gives you the ability to choose the most prefered options on Fiverr.
here are the options to get your funds
There are three distinctive options for payout.
- PayPal withdrawal method
- Fiverr revenue card
- Bank transfer
1. PayPal withdrawal method: If you want to withdraw your Fiverr earnings, you can use this method very fast and easy. You need to have a verified Paypal account. This means your PayPal has been linked to your bank account and can receive payments. Once you have a PayPal account, select the PayPal button as shown in the image above, and you will be asked to add your Paypal details e.g email address. Once Fiverr has verified and approved your PayPal account they will send you a notification, this takes just some few minutes. Once you are verified, your funds will the remitted to your PayPal account almost instantly.
You can also exchange your PayPal funds into your local currency based on the current Exchange rates.
2. Fiverr revenue card: This is very easy to use as well. All you need is to select the Fiverr revenue card button as shown in the image above, and you will be asked to add to fill in some details for a Payoneer, if you don’t have a Payoneer account, you can easily create one on the spot. Once you are done, they will send you a Fiverr card, this might take between 14 to 30 days to get to you depending on your location.
Once you have the Fiverr card, the option will be ready to use. select the option again and your funds will be sent to your card instantly. You will also get the funds in your Payoneer account. You can use your card to withdraw in any atm machine that supports MasterCard or visa card. In case you find it difficult to withdraw your funds with your Fiverr card, simply use your Payoneer account to manage your funds.
3. Bank transfer: This is very easy also and you can prefer to use this option to withdraw your funds. All you need to do is click the bank transfer s shown in the image above, and you will be asked to add your bank details. And that’s all. you will receive your funds within 3 to 5 business days. But be warned, there are service fees/ transfer fee that will be charged on your withdrawal. I can only advice this option if you are withdrawing $500 and above.
IMPORTANT NOTE: As you are getting started, please note that when you earn money on Fiverr it takes 14 days for your earnings to get processed and be cleared for withdrawal. So you will have to wait till your funds are available for withdrawal.
Also note that for every $5 you earn, Fiverr earns a $1 commission, e.g if you were paid $50 then the actual amount earned is $40 and Fiverr earns $10 as commission.