Fiverr to PayPal fee as a seller is something most freelancers tend to realize at the point when they are ready to make withdrawals from Fiverr using PayPal.
What I intend to do in this article is to make you aware before you get there.
First of all, PayPal is only one of the methods of receiving payments as a seller on Fiverr, basically.
There are other methods of payment which, include Payoneer and direct bank transfer (which only works for bank accounts in the US).
To receive payment through any of these means, you will be charged a certain amount or fee for the transaction.
There are different criteria required, as well as varying fees charged, for your money as a seller to get to you.
This depends totally on which method of payment you have chosen through which to receive your funds.
Specifically, we will be focusing on the things a seller needs to know about Fiverr to PayPal fees.
However, we will have to have an overview of Fiverr operations.
This will give a good foundation before highlighting the things you need to know about Fiverr to PayPal fee as a seller.
What is Fiverr? How does it work?
Fiverr is an online platform where freelancers (sellers) come to offer their services to those that need it (buyers).
First, all you need to have is a skill, and be good with it.
Then, open a Fiverr account and advertise your service.
Fiverr is a really good platform for freelancers.
You can sell almost any skill that you have on this platform.
The consistency and stability of the Fiverr platform are based on their strengths, and sometimes strict rules and regulations guiding buyers and sellers.
Particularly, sellers have to have a good understanding of how the Fiverr platform operates as it has to do with fees and payments.
Why should I use Fiverr?
The concept of Fiverr is $5, which is fondly called a fiver in the US.
On the platform, the lowest that can be charged for a service is $5.
The idea is to give a handout or tip to someone who helps you perform a menial task.
Today though, people make thousands of dollars for single jobs on Fiverr.
Obviously, it depends on what skill you can offer, and how much is demanded of that service.
Varying opportunities exist for those who have skills in graphics and design, digital marketing, or writing and translation.
Also, video and animation, music and audio, programming and tech, business, lifestyle are skill areas that can thrive on Fiverr.
As a seller on Fiverr, you are the service provider. You create the Gigs that buyers will pay for.
How do I join Fiverr as a seller?
It is absolutely free to join the Fiverr platform.
All you need to do is visit the website fiverr.com, sign up and fill in the necessary information required.
Your name, date of birth, and the like are common requirements.
However, Fiverr might additionally require you to go through a basic English test to complete your registration.
This feature is part of a way to be sure that you can communicate with the general language of buyers and sellers.
Along the process, you will be asked to choose your skill category and the specific skill itself.
You will also need to put in your charge per skill, and the categories of it.
You can do this with up to five different skills you have.
A video or image sample of your gig will need to be uploaded also.
This is so that potential buyers can look through your profile to see what you can do.
This before contacting you, and offering you a job.
PayPal and Fiverr
PayPal is an online system of payment. It has been since 1998.
It has revolutionized e-commerce and banking, generally.
It is an easy way of payment for goods and services, and every form of the online transaction.
To open a PayPal account:
You can either choose to open an individual (Personal) account or a business account.
It all depends on what you intend to do with the PayPal account.
Open PayPal.com and tap the sign-up link.
Then, you can choose the type of account you want to create, that is, individual or business.
When you have done that, you can click Get Started.
Fill in the data that is required of you.
Your full name, where you live, phone number, and email address will need to be provided.
Also, for the purpose of security, you will need to provide a password plus, choose two security questions.
After providing the needed information, you can continue with a click on the continue button.
Conclude with any other instructions requested of you.
Your card, either debit/credit can be added once your PayPal account is set.
From then on, you can begin to send and receive payments.
Does PayPal charge fees?
PayPal however charges various fees for its services.
You must be aware of them so as to know how to cut down on them.
However, PayPal doesn’t charge a fee to open a PayPal account.
When you want to send money:
Within the United States, when sending money to your family and friends using funds in your PayPal account, you will not be charged any fee.
But, this feature is not so for every country.
Sending PayPal funds as payment, through debit or credit card attracts a fee.
When you want to receive money:
Within the United States, when receiving money from your family and friends using funds in your PayPal account, you will not be charged any fee.
This is not so for all countries.
When paying for goods or services purchased:
No fees are attached to payments made to buy goods and services through PayPal.
But, receiving payments for items you sold on online stores will be charged per transaction.
When paying for goods or services purchased from another country:
When you pay for or receive payment from another country, you will be charged a fee.
When you want to withdraw your funds:
If PayPal is available for your country, withdrawals can be made from your PayPal account to your bank account free.
Do you need PayPal for Fiverr?
There are several accepted methods of payment for sellers on Fiverr.
They include major credit/debit cards such as MasterCard. PayPal, Apple Pay, Google Pay, are also accepted.
For those who use Fiverr Business, Wire Transfer such as SWIFT, the Federal Reserve Wire Network, or the Clearing House Interbank Payments System is available for use.
Other methods include iDEAL, GiroPay, Sofort, Boleto, and OXXO.
These means of payment are not available in all countries.
This is to say that Fiverr does not accept payments directly. So, you have to go through a processor, and PayPal is just one of them.
How to Withdraw from Fiverr to PayPal
To begin making withdrawals from Fiverr to PayPal, you have to, first of all, set up your Fiverr to PayPal payment and withdrawal link.
- Sign in to your Fiverr account to ensure you have up to $20. This is the least you can withdraw from Fiverr to your payment processor.
- Choose PayPal as the means of payment withdrawal.
- There will appear a mail notification alerting you that the process of withdrawal has begun.
- Tap and follow the link sent through your mail. This will take you back to Fiverr.
- Enter your email address. The email has to be the one associated with your PayPal account.
- When you’ve done this, click, “connect to PayPal.’
- A message to verify the completion of the process will be sent to your email. The instructions in order to make withdrawals also come along with it.
What next after setting up my PayPal account?
When you’re done with the first procedure:
- Locate earnings on your Fiverr dashboard, and choose PayPal as means of withdrawal.
- You will be notified that the process of withdrawal is ongoing.
- When it is done, you will receive your funds.
The least amount you can withdraw from your PayPal account is $1.
Does Fiverr charge any fees?
Yes. Fiverr have a percentage charge of 20% of every income you make.
That is to say, for every $5 that you are paid for a job as a seller, Fiverr will take $1 and give you $4.
If you complete a $10 job, you will receive $8 in your Fiverr account, and so on.
As a seller, is there a fee to withdraw money from Fiverr to PayPal?
Yes. There are fees that are deducted from your withdrawals.
These fees are charged by Fiverr to the withdrawal platform.
Thus, it would seem you are not paying it directly from your Fiverr account.
These fees will be deducted by the withdrawal platforms, and in this case, PayPal.
The withdrawal fee is added when you want to move your funds from the Fiverr platform.
And, the fees are charged as you make a withdrawal of your funds.
Now, the fees charged by Fiverr for withdrawal are dependent on a few things.
- A seller is charged based on the method of withdrawal he has chosen
- Your charge is dependent on the currency you want to withdraw with
- Fees vary based on the location of the seller
You can read through the terms and conditions, which simply started out on the Fiverr and PayPal websites.
A brief summary of the withdrawal fees from Fiverr to PayPal, and Fiverr to a few others are:
- Fiverr to PayPal is 2% of the total amount of up to one dollar
- Fiverr Revenue card is $1 if it within two days and $3 if it is within two hours.
- Local bank transfer is $3 for each transaction
On the face of it, the fees charged appear considerable and not too high.
But, you need to know that there is an asterisk on each.
Added charges might be deducted considering the seller’s location and the currency he is withdrawing in.
The reason for this is because, PayPal, banks, and several fund transfer agencies usually make additional high charges to money transfers that have to go over their local boundaries.
Being a seller on Fiverr, as much as you can, you want to cut to the least the charges that can reduce the overall pay that you earn at the end of the day.
In doing this, it means that you will have to find the most minimized fee there is.
Ensure you put into consideration the currency conversion rate.
If the funds that you will be moving will have to go into a bank account that you have in a different currency from the dollar, ensure the rate is fair.
You can make your findings online to know the exchange rates applicable to your currency.
Unfortunately, many times, the exchange rates that are applied to cross borders are not always clear enough.
These money transfer service providers and banks will usually offer to move your funds for a low fee or no fee at all.
But, at the end of the day, certain hidden cuts will surface, which could sometimes cost you an additional 4% or even more.
How do I avoid the Fiverr service fee?
Basically, to avoid the Fiverr fee, you will have to offer your service outside the Fiverr platform.
Note that, if through Fiverr, you want to share your email or link someone to your website or a platform that you control, you could be blocked from Fiverr.
The downside of connection with buyers outside Fiverr is that, with its security rules and policies, you won’t have access to the large traffic provided by Fiverr.
Fiverr reviews are only accumulated if you perform and complete jobs on the platform.
These reviews also help you get more and better jobs, which means more money.
As a parting shot
Fiverr is a very advantageous platform for both buyers and sellers. It is not just safe, it is also secure.
PayPal being one of the standards for online payment systems is one of the quickest and smoothest ways to receive funds.
In between, some things you need to know about Fiverr to PayPal fees as a seller, have been clearly outlined in this article.
This will help you know how to manage your offerings and payments as a seller on Fiverr who uses or intends to use PayPal as a payment method.
