Getting paid on your own terms is a great feeling. Fiverr puts a lot of emphasis on making sure that buyers and sellers are able to work together with as little friction as possible.
When it comes to getting paid, though, there are a few things that you should know. In this article, we’ll answer the question: “How long do funds take to clear on Fiverr?”
It’s important to note that when we’re talking about “funds,” we’re referring to the money that you’ve earned from buyers. This is different from the payments that you make to Fiverr, which are called “Fiverr credits.”
Now that we’ve got that out of the way, let’s get into it.
Answer To The Question How Long Do Funds Take To Clear On Fiverr:
There are two different types of payment clearing times- the time it takes for a Top Rated Seller to clear their funds, and the time it takes for level one and two Fiverr members to clear their funds. The Top Rated Seller will clear their funds in 7 days while for level one and two Fiverr members it takes 14.
How Are Freelancers Paid Out on Fiverr?
You can get paid via PayPal, Payoneer, or bank transfer if you have more than $30 in your account. Depending on the one you choose, the money will take different amounts of time to hit your account.
PayPal is the most common way that people get paid on Fiverr. It’s quick, easy, and most importantly, it’s free. When you withdraw your earnings to PayPal, they’ll usually hit your account within a few hours.
Is there a Chance That Fiverr Payments Can Take Longer To Clear?
If there is any discrepancy with the order, Fiverr may put a hold on the payments until the issue is resolved between the buyer and seller.
Also if you get caught doing any spammy or black hat tactics to game the Fiverr system, your payments could possibly held until an investigation is complete.
Why Does Fiverr Take So Long To Pay?
It’s not explained exactly, but if you think about it when you have a job it usually takes a little while in order for you to get paid as well. Fiverr is just the same. They need to make sure that the job was completed up to standard and that both parties are happy before they release the funds.
Another possible reason is fraud prevention as well. They may hold the money so that they can verify that everything is on the up and up before they release the funds to you.
Is There an Early Pay Option For Fiverr?
There is an early payout option, but only for certain sellers. If you have a good sales and performance history, meet quality measures, and obey Fiverr’s Terms of Service and Community Standards, you may be eligible for early pay. Your eligibility is automatically checked every day meaning one day you could be eligible and the next it can be taken away.
Does This Effect Withdrawal Timing?
Whether you withdraw with PayPal, payoneer, or bank transfer, the time it takes to receive your funds is the same.
What percentage does Fiverr take?
Fiverr takes 20% of the total order value from basic gig purchases and 5% from extra fast deliveries.
So if your order total is $100, Fiverr will take $20 as their commission. This is a bit of an inconvenience but it’s worth it because your money is protected through Fiverr.
Conclusion
We hope this blog post helped to answer the question “How long do funds take to clear on Fiverr?” for you. If not, be sure to check out our other blog posts or contact us for more support.
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