So you’re a Fiverr seller. You’ve created a standout gig, sold it to an interested buyer, and have now delivered your high-quality work product. The next logical question is, when do you get paid?
You get paid on Fiverr when an order is marked complete, and after a 14-day pending clearance period (or 7 days if you’re a top rated seller). Fiverr places a hold on these funds to allow payments to clear and to ensure buyer satisfaction. You can only withdraw funds once this clearance period ends.
In this article, we look at exactly when you’re paid on Fiverr. We also explain what the pending clearance period means for you and how you can withdraw your hard-earned funds. First, let’s take a closer look at how quickly Fiverr pays sellers.
Do You Get Paid Immediately On Fiverr?
You don’t get paid immediately on Fiverr, as there is always a 7-14 day clearance period. Fiverr transfers the buyer’s funds to the seller’s account once an order is marked complete, but the platform holds these funds for the duration of the clearance period before you can withdraw them.
There are two steps to getting paid as a seller on Fiverr – payment and withdrawal.
When a buyer chooses a gig, they pay the gig fee to Fiverr. Fiverr holds these finds until the gig is marked as complete (either by the buyer accepting delivery or automatically 3 days after the delivery date).
The seller technically receives payment for the gig as soon as it’s marked as complete. Fiverr transfers 80% of the gig fee (the total fee minus Fiverr’s fee) to the seller’s account.
As a beginner, it can suck to see 20% of your earnings disappear. But 80% of something is better than 100% of nothing! If you’re a Fiverr beginner and want to know how you can make more money on the platform, check out our 60+ page guide.
The second step to getting paid as a seller on Fiverr is withdrawing your money.
When Can You Withdraw Money On Fiverr?
You can withdraw money on Fiverr once the gig is complete and the pending clearance period ends. The clearance period is either 7 or 14 days after the money has been transferred to your account, depending on your rating as a seller, and it’s non-negotiable.
The standard clearance period for most sellers is 14 days. If you’re a Top-Rated or Pro Seller or are participating in Fiverr’s Seller Plus program, you can withdraw the funds after 7 days.
Fiverr also has an Early Payout system. This allows you to withdraw your funds as soon as they’re in your account before the safety clearance period ends. Early Payout is only available to some sellers. Unfortunately, the eligibility criteria for Early Payout aren’t clear, and Fiverr advises they are subject to change. Fiverr also charges a transaction fee for this service (1% of the gig fee).
When it comes to getting paid as a seller on Fiverr, it’s important to fully understand the term “pending clearance” periods, so let’s take a closer look.
What Does Pending Clearance Mean On Fiverr?
Funds marked “pending clearance” in a Fiverr seller’s account mean they’re being held for up to 14 days after an order is marked complete. This is to allow the funds to clear and the buyer to raise any concerns. Once this period ends, Fiverr releases the money and the seller can withdraw the funds.
If your account says your funds are pending clearance, you won’t be able to withdraw them.
How Long Does Pending Clearance Take On Fiverr?
For most sellers, pending clearance takes 14 days. However, there are some exceptions to this.
Fiverr Early Payout
If a seller is eligible for Fiverr’s Early Payout system, they can access and withdraw the funds immediately. It’s important to note that Fiverr takes 1% of the gig fee if a seller withdraws money this way.
Top Rated Sellers
For Top-Rated or Pro Sellers, or members of the Seller Plus program, the pending clearance period decreases to 7 days. Fiverr has a pending clearance period for several reasons.
Why Does Fiverr Take So Long To Pay?
Fiverr takes so long to pay for 2 reasons. Firstly to ensure the funds have cleared, and secondly to ensure buyer satisfaction. These are both integral to Fiverr’s values as a platform, in that they aim to provide a smooth process for buyers and sellers from start to finish.
Fiverr holds the funds for 14 days after a gig has been marked as complete. Firstly, this is to ensure the funds have cleared and the payment is processed. Some withdrawal methods, such as PayPal, allow for a reverse charge or refund within 14 days. Fiverr’s clearance period takes this into account to ensure the funds are actually available to pay you.
Fiverr also holds the funds to protect the buyer’s money and ensure the buyer is happy with the work you have done. If the buyer has any objections to it – for example, if the seller failed to complete the gig properly or to a satisfactory standard – the buyer can raise them during this period. However, they would ideally do this before marking the order as complete!
Once the 14 days period has ended, you’re then free to withdraw your funds from Fiverr. You can do this via a variety of different methods.
How Can You Withdraw Money From Fiverr?
You can withdraw money from Fiverr to your:
- PayPal account
- Bank account via Bank Transfer or Direct Deposit
- Fiverr Revenue Card
The withdrawal methods available to you depend on your location. For example, withdrawals to a Fiverr Revenue Card are not available in India or Russia. Direct Deposit is only available to US-based sellers.
Some methods also cap the number of withdrawals you can make. For example, when using any of the Payoneer-based methods (Fiverr Revenue Card, Bank Transfer, or Direct Deposit), you can only make 1 withdrawal every 24 hours, and there’s a maximum limit of $5,000.
Fiverr gives you the option to withdraw funds in a range of currencies, including US Dollar, British Pounds, Euro, Australian Dollar, Canadian Dollar, and Israeli Shekel.
So, let’s look at how you withdraw money from your Fiverr account.
4 Steps For Withdrawing Money On Fiverr
Here’s how you withdraw your money from Fiverr in 4 easy steps:
- Log into your Fiverr account
- Go to Selling > Earnings and click on your Available for Withdrawal balance
- Choose how to withdraw your money (PayPal or Bank Transfer, Direct Deposit, or Fiverr Revenue Card via Payoneer) by clicking the relevant link
- Follow the instructions in the email you’ve received to withdraw the money via your chosen method
Does Fiverr Charge You To Withdraw Money?
Fiverr does charge for certain withdrawals. There’s a $3 charge to withdraw to bank accounts. If you use Direct Deposit (only available to US-based sellers), there’s a $1 transaction fee. The fees for a Fiverr Revenue Card are $1 to receive the funds in 2 days and $3 to receive the funds in 2 hours.
There are no transaction fees to withdraw your Fiverr earnings to a PayPal account. However, if you withdraw the money in a different currency you will need to pay conversion fees. Fiverr mainly operates in US dollars. So, keep this in mind when you’re withdrawing money into an account in a different currency.
Does Fiverr Have Minimum Withdrawal Limits?
Fiverr does have minimum withdrawal limits, and these are:
- $1 for Paypal
- $20 for Bank Transfer (you need to have earned $50 to make any withdrawals if you’re outside the US)
- $10 for Direct Deposit
- $30 for Fiverr Revenue Card
Understanding How To Get Paid On Fiverr
If you’re a seller, it’s important to understand Fiverr’s payment process, including the safety clearance period. Knowing when you get paid and when you can withdraw your money is essential for managing your cash flow as a freelancer.
Kate is an Australian freelance writer now based in Europe. She has contributed to Freelance Ready as both a writer and an editor, drawing on her legal background to write about the regulatory and financial aspects of freelancing. She’s also an expert at finding the best flat white within a 5km radius! Learn more about Kate here.
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