Fiverr is a popular platform for freelancers to offer their services and earn money. To get paid for your work on Fiverr, it's important to have a reliable and secure payment method set up.
From linking your PayPal account to setting up direct deposit, we will guide you through the process of getting paid on Fiverr.
How to Get Paid
Set up Payment Method
Here are the steps to set up a payment method on Fiverr:
1. Log in to your Fiverr account and click on the "Selling” menu.
2. Click on the "Earnings" option from the menu.
3. Click on "Add Payment Method."
4. Select the payment method you prefer to add.
5. Follow the prompts to complete the setup process for the selected payment method.
6. Once the setup is complete, you will be able to receive payments for your Fiverr work through the selected payment method.
Withdraw Your Earnings
If you have money available in your balance, you will now be able to withdraw your earnings.
1. Log in to your Fiverr account and click on the "Selling” menu.
2. Click on the "Earnings" option from the dropdown menu.
3. Click on "Available for Withdrawal balance"
4. Choose the payment method you would like to use for the withdrawal.
5. Enter the amount you want to withdraw and click "Withdraw."
6. Review and confirm the details of the withdrawal.
7. Wait for the withdrawal to be processed. The processing time depends on the payment method you have chosen.
Note: Fiverr may charge a processing fee for withdrawals, so be sure to check their fees before making a withdrawal. Also, some payment methods may have minimum withdrawal requirements, so make sure to check those before initiating a withdrawal
Payment Methods
Fiverr offers the following options for withdrawing funds:
1. PayPal: Paypal is a popular payment method that you can use to receive payments directly to your account. The minimum withdrawal amount is $1 (USD), and transfers may take up to a day.
2. Direct Deposit (available in selected countries): This option only applies to sellers in the US. The minimum withdrawal amount is $10 (USD) and transfers can take up to 7 business days.
3. Fiverr Revenue Card (available in selected countries): This is another viable option to get paid if you set up your account with a Fiverr Revenue Card. The minimum withdrawal amount is $30 (USD) and transfers may take 1-7 business days. Note that this card is not available in Russia and India.
4. Bank Transfer: Freelancers can also receive their payments via a direct bank transfer. One option: Parallax, a borderless banking service that offers quick and affordable payment options for freelancers, small businesses, and global professionals. It provides low to no transaction fees when you transfer your earnings in cryptocurrency, making it a cost-effective choice for managing finances.
When withdrawing funds from Fiverr, keep in mind that currency conversion fees may apply and additional charges may be imposed by your bank or payment provider.
If you choose to withdraw in a currency other than USD ($), you will be prompted to confirm the withdrawal currency and amount. This amount will include the conversion fees and as a result, the final amount received in your withdrawal account (non-USD) may appear lower.
How do we avoid high conversion rates?
Getting paid internationally can be challenging, with long wait times and high fees or exchange rate markups being common issues. This can be especially frustrating for freelancers and businesses that receive payments from clients in different countries.
To mitigate these difficulties, using a service like Parallax can help reduce these fees and speed up the payment process.
Some of the other benefits of using Parallax include:
1. Borderless banking: Parallax allows users to receive and send money as if they had a bank account in the United States, even if they don't live there.
2. Fast and cheap: Parallax offers fast processing times for receiving and sending payments and has low to no transaction fees, powered by crypto.
3. Withdraw to crypto: You can convert your USD into stablecoins instantly and at any time, for a low amount of 0.3%.
4. All-in-one account: With Parallax, users can manage their finances and receive payments in one convenient location, eliminating the need for multiple accounts and services.
How to Receive Payments with Parallax
To receive payments on Fiverr with Parallax, follow these steps:
1. Open a Parallax account: To use Parallax, you'll need to create an account and go through one-time KYC.
2. Connect your Fiverr account to Parallax: Once you have a Parallax account, you'll need to connect it to your Fiverr account via Bank Transfer.
3. Set Parallax as your payment method in Fiverr: Go to the "Selling" section of your Fiverr account and select "Earnings". Connect your Parallax U.S. bank account info.
4. Withdraw earnings: When you receive payments from clients on Fiverr, you can withdraw your balance and the funds will be automatically transferred to your Parallax account. You can then withdraw your earnings to crypto or keep them in USD in your Parallax account.
Fiverr provides various payment methods to facilitate freelancers in receiving payments for their services. By following the outlined steps, you can easily receive payments on Fiverr and leverage the advantages of quick, inexpensive, and convenient money transfers.