NOTE: These fees are accurate as of the publishing date. They can change at any time!
Whether you’re new to Fiverr or you want to learn more about how the Fiverr fees work, I wanted to break it down for you to help you better understand how it works. That way, if you were to buy a service or start selling, you’re not surprised when your final total is different than what you expected. Fiverr doesn’t make it all that easy to learn what’s taken from you, so I will do it for you.
In today’s guide, I break down the Fiverr fees to let you know exactly what’s going to happen in case you buy or sell.
What Is the Fiverr Fee for Sellers?
Since there’s a good chance you landed on this guide as a current/potential seller, let’s start with the seller fees.
According to the company, 80% of the funds are assigned to your account after that order is completed. This was directly taken from the seller’s FAQ page…
In short, Fiverr will take 20% of your order total for your seller’s account. In simpler terms, every $5 you make, Fiverr will take $1. This is pretty easy to understand, but it takes a while to find on the site.
So, if you sold a service for $100, you would keep $80 of it, sending $20 to Fiverr as a fee.
What Are Fiverr Tip Fees?
So, what happens if someone likes your service and tips you $5? Do you get to keep the full Fiverr tip?
Well, Fiverr will take 20% of that as well, unfortunately.
While Fiverr is free to join, you will have to be prepared to see 20% of your earnings go to the Fiverr headquarters.
Other Fees to Withdrawal Your Cash
Now, aside from Fiverr taking 20%, Fiverr will also charge a fee if you pick certain withdrawal methods.
For example, Fiverr will charge a $1 fee if you want your funds within two days using the Fiverr Revenue Card. If you want these funds within two hours, then the fee increases to $3.
If you choose the bank transfer fee, there’s a $3 charge per withdrawal, but additional fees may apply depending on your country. It could be much more. As for the direct deposit option, which is only available to U.S. residents, there is a $1 charge per withdrawal.
If you choose PayPal as your withdrawal option, you will see no fees. This is your best option if you want to pay no more fees outside of the 20%.
So, if you do choose a withdrawal method other than PayPal, you will need to factor in these fees as well.
How Much Does It Cost to Join Fiverr?
Joining is 100% free and you can start posting gigs right now. Granted, you will have to pay fees once you get a buyer, but you will not incur any fees as long as your listing is live. There are no listing fees unlike another website (I’m looking at you, Esty).
To start work on Fiverr, your job must be priced at least $5, and you only need an email and phone number to verify your account.
What Is the Fiverr Fee for Buyers?
Even though a gig may only be $5, you’re going to pay more than this as there are buyer fees. According to the FAQ, service fees are charged at any time a purchase is made. Of course, you can review these fees before proceeding, but just make sure that you’re aware that you will pay more than what the seller is selling for.
As a buyer, you will pay a flat $2 for purchases up to $40 and 5% on purchases above $40.
For example, if I wanted to buy a $150 service, I would incur a $7.50 fee, which, of course, is 5% of the $150 total.
Anything less than $40 is easy to understand, but anything higher than this will require a calculator. Nonetheless, you can always preview your service fees before you confirm your purchase.
Fiverr is a great platform to sell just about any virtual service, no doubt. It’s also a great place to buy services on demand at a lower-than-average cost. Just understand that the prices you see are not the prices you will pay/get.
As a seller, expect to see at least 20% to go to Fiverr, and as a buyer, expect to pay $2, again, dependent on the grand total. As long as you factor these fees in, it can make the platform much more enjoyable.
Want $5 free?
Try out Swagbucks, the most popular reward program I make the most money with. Simply answer survey questions and get paid!
Join Now to Get $5!