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Fiverr is a fantastic platform that is helping many freelancers to make money from the comfort of their homes.
With more than 3.4 million active Fiverr buyers, it offers a great opportunity for every aspiring freelancer to connect with a wide range of clients and projects.
That being said, in this article I will discuss how many percent Fiverr takes from both buyers and sellers and I will also show you how to get started on Fiverr as a freelancer.
- How To Work On Fiverr Without Any Skills In 2022
- How To Get Orders On Fiverr- The Ultimate Guide For Beginners
How many percent does Fiverr take?
Whenever a transaction is completed, Fiverr will take a cut. This is the way Fiverr makes money.
For every transaction, Fiverr will take 20%. This fee is taken as payment because you are using the platform and you are getting access to a wide range of people on the platform.
Although this may seem a lot, you cannot deny the popularity of the platform which justifies the high percentage it takes.
So how popular is Fiverr actually?
A quick search on Google Trends for the search term “Fiverr” will give you this:
As you can see, since the platform has been launched (Feb 2010), it has been gaining popularity over time.
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How Much Money Does Fiverr Take From Sellers?
As a seller, Fiverr will take 20 % of each order’s earnings. It means that if you charge $10 for a gig, it will take $2 as a fee.
Now, if ever any buyer is giving you a tip as a thank you for your service, you will receive only 80% of the amount.
If you are a seller, here is how much you will make after each completed transaction:
|Gig Price||Revenue after order completed|
How do sellers receive payment on Fiverr?
As a seller, you will be able to receive money by PayPal, Payoneer, Fiverr Revenue Card, Bank Transfer, or Direct Deposit.
Here are the fees for each payment method:
|Paypal||2% of the total amount|
|Fiverr Revenue card||$1 within 2 days, $3within 2 hours|
|Local Bank transfer||$3 per transfer|
|Direct Deposit||$1 per withdrawal|
Disclaimer: Users under 18 and at least 13 years of age are permitted to use the site only through an account owned by their parent or legal guardian with their appropriate permission.
How Much Money Does Fiverr Take From Buyers?
Fiverr will take $2 on any gig that is between $5-$40 from buyers. For orders that are more than $40, it will take 5% from buyers.
The fee for a buyer is set out once the purchase is finalized. Once a buyer has found a gig, he will get the option to purchase and customize the order. The buyer will then be redirected to the payment options page where he can choose the preferred payment method.
SPECIAL NOTE: If you are looking for different ways to make money from home, then I am thrilled to inform you that there are many online jobs that you can do to make at least $1,000 per week from the comfort of your home. If you love to use Pinterest, you will be glad to know that you can use the platform to make anywhere between $50-$200 PER DAY without much effort. For those who love typing, there are online typing jobs that will help you make at least $3,000 per month. Finally, if you are someone who is very creative and love to design templates, then you will be glad to know that you can use your CANVA FREE account to make money online.
How do Buyers make payment on Fiverr?
There are more options available for buyers to make payment for any service.
For instance, buyers can make payments by Credit/Debit card, PayPal, Apple Pay, Google Play, Wire Transfer, iDEAL, GiroPay, Sofort, Boleto, and OXXO.
|Credit/Debit card||Payment can be made by either Visa Card or Master Card.|
|PayPal||Paypal is not available for all countries. Here is a list of countries that accept PayPal.|
|Apple Pay||If a user is using Fiverr’s iOS mobile app, he will be able to make purchases using Apple Pay. This is restricted to countries where this feature is available. Here is a list of countries that accept Apple Pay.|
|Google Pay||Now, if someone is using Fiverr’s android mobile app, he will be able to make purchases using GooglePay. Here is a list of countries that accept Google Pay.|
|Wire Transfer||This payment method is only available for Fiverr business clients. Payments can be made by either SWIFT, the Federal Reserve Wire Network, or the Clearing House Interbank Payments System.|
|iDEAL||This payment method is for people who live in Nederlands. It is an online payment method that allows users to make payments using direct online transfers from their banks.|
|GiroPay||This payment method is for people who live in Germany. It is an online payment method that allows users to make payments using direct online transfers from their banks.|
|Sofort||Sofort banking is a real-time bank transfer payment method that users based in Austria, Belgium, and Germany can use to transfer funds directly to merchants from their bank accounts.|
|Boleto||This payment method is available in Brazil, enabling offline cash payment for online services.|
|OXXO||This voucher-based payment method is available in Mexico, enabling offline cash payment for online services.|
Now that you know how much the platform takes from both sellers and buyers, it is time to get serious about your freelancing journey on the platform.
Getting started on Fiverr as a Freelancer
If you want to become a freelancer and make money on the platform, here is a list of the best gigs that you can choose to make money in 2022.
|Freelance Jobs||Earning per hour||Annual Earnings|
I know sometimes you won’t be motivated enough to start your freelancing journey on Fiverr. I completely understand.
But, there are many advantages of starting your freelancing career on Fiverr. For instance:
Here are a few reasons why Fiverr is the best platform for you:
- You will be able to make extra money. It doesnt matter if you do it full-time or part time as the platform will allow you to make money at your own schedule.
- Simple Platform. It is a super easy platform to use and the sign up process is really simple.
- No experience required. You don’t need to have any experience to get started on the platform. Here is how you can get started on Fiverr without any skills.
- Flexibility to create a business. With Fiverr you will be able to make money online without having to do the job jourself by reselling Fiverr gigs.
- Potential to make a full-time income. If ever you choose to go all in, you can potentially make around $100,000 or more every year.
- Perfect for students. If you are a student who want to make a side income, this is a greate place to get started.
So, do you want to start your freelancing journey on this awesome platform? If your answer is yes, then here are a few resources that will help you:
- How To Get Orders On Fiverr- The Ultimate Guide For 2022
- The Best Way To Do Keyword Research For Your Fiverr Gig
- 25 Best Fiverr Gigs To Make Money In 2022
- How To Resell Fiverr Gigs-The Complete Guide For Beginners
- Can Fiverr Be A Full-Time Job
- How To Work On Fiverr Without Any Skills In 2022
Final Thoughts: How Many Percent Does Fiverr Take
As you have seen, Fiverr will take 20% as fees because you are using the platform and you have access to a wide range of clients.
Personally, 20% is not that much given the opportunity you can get on this awesome platform.
Also, with this platform, you will have the opportunity to open your own online business if ever you want to become an entrepreneur.
There are a lot of opportunities that are available right now for you to make more money. Don’t let that opportunity go away.
I wish you all the best in your freelancing journey.
See you soon!