5 Methods to Withdraw Money From Fiverr

Fiverr is a popular online marketplace where freelancers offer services to clients worldwide. You can find various services on Fiverr, like graphic design, writing, and programming. Freelancers, known as sellers, create gigs to showcase their skills. Clients, known as buyers, can browse these gigs and hire sellers for their projects.

Fiverr ensures you can access your earnings quickly and efficiently. Different withdrawal methods, like PayPal and bank transfers, have various fees and processing times. By understanding these processes, you can choose the best option for your needs.

Setting Up for Withdrawals

Before withdrawing your earnings from Fiverr, you must ensure your account is properly set up.

Verifying Your Account

1. Email Verification: Make sure your email address is verified. Fiverr will send you a confirmation email when you sign up. Click the link in the email to verify your account. If you can’t find the email, check your spam folder or request a new one from Fiverr.
2. Phone Verification: Add and verify your phone number in your account settings. Fiverr will send you a verification code via SMS. Enter this code on the platform to complete the verification process. This step helps secure your account and allows for two-step authentication.
3. Identity Verification: Fiverr might ask for identity verification for security purposes. This could include uploading a photo ID, like a passport or driver’s license. Follow the on-screen instructions to upload the necessary documents. This step helps protect your account and earnings from fraud.

Available Withdrawal Options

Fiverr offers several options for withdrawing your earnings, catering to different needs and preferences.

PayPal

To use PayPal, you need to link your PayPal account to your Fiverr account. This is done by going to the earnings section, selecting PayPal, and entering your PayPal email address. Make sure your PayPal account is active, verified, and able to receive funds. PayPal charges a small fee for each transaction, so it’s essential to check PayPal’s fee structure for the exact amount. Withdrawals to PayPal are usually instant, but in some cases, they can take up to 24 hours to process. This method is widely used due to its convenience and speed.

Fiverr Revenue Card

The Fiverr Revenue Card is another popular option. This prepaid card is powered by Payoneer. To apply for the Fiverr Revenue Card, you need to sign up through your account settings on Fiverr. Once approved, you can use this card to withdraw your earnings at ATMs, make purchases online, and shop in stores. There is a one-time setup fee and a small fee for each withdrawal, so it’s crucial to check Fiverr’s fee schedule for details. Funds are typically available within two business days, making this a practical choice for freelancers who want quick access to their money.

Bank Transfer

For those who prefer to withdraw directly to their bank account, Fiverr offers international bank transfers through Payoneer. To set this up, you need to link your bank account via Payoneer in your Fiverr settings, providing accurate bank details to avoid any delays. Bank transfer fees vary depending on your bank and country, and Payoneer may also charge a fee for the service. The processing time for transfers can take three to five business days to reach your bank account. This method is convenient for those who want their earnings directly in their local currency.

Direct Deposit (for US users)

US-based sellers have the option of setting up direct deposit. This involves providing your bank account and routing numbers in the payment settings. Direct deposit typically has lower fees compared to other methods, making it a cost-effective choice. Funds are usually available within two business days, providing a fast and reliable way to access your earnings.

Other Regional Payment Methods

Depending on your country, Fiverr may offer additional payment methods such as local bank transfers or regional e-wallets. To find out what options are available in your region, check the payment settings in your Fiverr account. Fees and processing times for these methods vary, so it’s important to review the details provided by Fiverr to understand the costs and timeframes involved.

Step-by-Step Withdrawal Process

Withdrawing your earnings from Fiverr is a straightforward process once your account is set up. 

1. Accessing Your Earnings

First, log in to your Fiverr account and go to the dashboard. Navigate to the “Earnings” section, which you can find under the “Selling” menu. This page displays all your available funds, pending clearance funds, and withdrawal options. Ensure your funds are available for withdrawal, meaning they have cleared the 14-day waiting period for most transactions or the 7-day period for top-rated sellers.

2. Choosing a Withdrawal Method

In the “Earnings” section, you’ll see various withdrawal options such as PayPal, Fiverr Revenue Card, and bank transfer. Click on the withdrawal method you prefer. If you haven’t set up a withdrawal method yet, you’ll be prompted to do so. Follow the instructions to link your PayPal account, apply for the Fiverr Revenue Card, or set up a bank transfer through Payoneer.

3. Confirming Your Withdrawal

Once you’ve selected your preferred withdrawal method, click on the corresponding button to initiate the withdrawal process. For PayPal, click “Withdraw” next to the PayPal option. For the Fiverr Revenue Card, click “Withdraw” next to the card option. For bank transfers, click “Withdraw” next to the bank transfer option. A confirmation window will appear, showing the amount to be withdrawn and the method. Review the details carefully and confirm the transaction.

4. Completing the Transaction

After confirming your withdrawal, Fiverr will process the transaction. For PayPal, the funds are usually available instantly, but it can take up to 24 hours in some cases. For the Fiverr Revenue Card, the funds are typically available within 2 business days. For bank transfers, it may take 3-5 business days for the funds to appear in your bank account. Direct deposits for US users are generally completed within 2 business days. You will receive a confirmation email from Fiverr once the transaction is processed.

5. Checking Your Balance

After completing the withdrawal process, check your PayPal account, Fiverr Revenue Card balance, or bank account to ensure the funds have been transferred. If there are any issues, such as delays or incorrect amounts, contact Fiverr Support for assistance. Keep an eye on your transaction history in Fiverr to track your withdrawals and ensure everything is in order.

Withdrawal Fees and Limits

The fees and limits associated with each withdrawal method is essential for managing your earnings effectively.

1. PayPal: Withdrawing your funds via PayPal is a convenient and widely used option. However, there are some costs and limitations to consider. PayPal charges a fixed fee of $1 per withdrawal. There is no minimum withdrawal amount, so you can transfer even small amounts as needed. It’s important to note that PayPal may also apply its currency conversion fees if you are withdrawing to a non-USD account.
2. Fiverr Revenue Card: The Fiverr Revenue Card, powered by Payoneer, is another popular option with specific fees and limits. There is a one-time setup fee of $30 for the card. Each withdrawal to the Fiverr Revenue Card incurs a $1 fee. There may also be ATM withdrawal and currency conversion fees if you use the card internationally. The minimum withdrawal amount for the Fiverr Revenue Card is $30, making it suitable for larger withdrawals.
3. Bank Transfer: Bank transfers, facilitated through Payoneer, come with varying fees depending on your country and bank. Typically, there is a $3 fee per withdrawal for standard transfers. Payoneer may also charge additional fees for currency conversion and international transfers. The minimum withdrawal amount for bank transfers is $50. This method is beneficial for those who prefer direct deposits into their bank accounts but should be aware of potential delays and additional fees.
4. Direct Deposit (for US users): For US-based sellers, direct deposit is a cost-effective and quick option. The fee for direct deposit withdrawals is $1 per transaction. This method has a minimum withdrawal amount of $10, making it accessible for both small and large amounts. Direct deposits usually have lower fees and faster processing times compared to other methods, making it a preferred choice for US users.
5. Other Regional Payment Methods: Depending on your country, Fiverr may offer additional regional payment methods. These methods can include local bank transfers or regional e-wallets. Fees and limits for these methods vary based on the provider and region. It’s essential to check the payment settings in your Fiverr account for specific details regarding fees and minimum withdrawal amounts for these options.

FAQs

Q. How long does it take for Fiverr earnings to clear?

Earnings typically clear after 14 days from the completion of an order. For top-rated sellers, the clearance period is reduced to 7 days. This waiting period allows Fiverr to ensure the transaction is secure and final.

Q. Can I change my withdrawal method after setting it up?

Yes, you can change your withdrawal method at any time. Go to your account settings, navigate to the “Earnings” section, and update your payment options. Make sure to verify any new payment method you add.

Q. Is there a maximum amount I can withdraw at once?

Fiverr does not impose a maximum withdrawal limit on your earnings. However, your chosen payment method might have its limits. For example, PayPal and bank accounts may have daily or transaction limits that you should check with your provider.

Q. What should I do if my withdrawal is delayed?

If your withdrawal is delayed, first check the status of your payment method and ensure all details are correct. Sometimes delays occur due to incorrect information or verification issues. If everything seems correct, contact Fiverr Support for assistance, and they can help resolve the issue.

Q. Can I withdraw earnings in a different currency?

Yes, you can withdraw in different currencies depending on your payment method. For instance, PayPal and Payoneer allow currency conversion. However, currency conversion fees may apply, so check your payment method’s terms and conditions for specific details and rates.

Conclusion

Withdrawing money from Fiverr is a straightforward process once you have everything set up. By verifying your account and choosing the right payment method, you can easily access your earnings. PayPal, Fiverr Revenue Card, bank transfers, and direct deposit offer different benefits, so select the option that best fits your needs.

The fees and limits associated with each withdrawal method will help you manage your funds more effectively. If you encounter any issues or delays, Fiverr Support is available to assist you. Keep track of your transactions and stay informed about your withdrawal options to ensure a smooth and efficient experience.