How to Receive Payments on Fiverr: A Comprehensive Guide
Receiving payments on Fiverr can be a straightforward process if you understand the platform’s payment methods and guidelines. Whether you’re a beginner or an experienced seller, this guide will help you navigate the ins and outs of receiving payments on Fiverr. Let’s dive in!
1. Choose a Payment Method
The first step in receiving payments on Fiverr is to select a payment method that suits your needs. Fiverr offers several payment options, including credit/debit cards, PayPal, Alipay, Skrill, and Payoneer. To choose a payment method:
- Log in to your Fiverr account.
- Go to your profile settings.
- Select the ‘Payment Method’ tab.
- Click on ‘Add a Payment Method’ and follow the instructions to link your preferred payment method.
2. Verify Your Payment Method
For security reasons, Fiverr requires you to verify your payment method. Verification can be done by linking a bank account or credit/debit card, and providing additional information as requested. Once your payment method is verified, you can start receiving payments.
3. Understand Fiverr’s Payment Schedule
Fiverr follows a payment schedule, which means you won’t receive payments immediately after a buyer purchases your gig. Here’s how it works:
- When a buyer purchases your gig, the payment is held in escrow for 14 days.
- After the 14-day hold period, the payment is released to your Fiverr account.
- You can withdraw your earnings to your linked payment method once they are available in your Fiverr account.
4. Track Your Earnings
It’s essential to keep track of your earnings on Fiverr. You can view your earnings and payment history by:
- Logging in to your Fiverr account.
- Clicking on the ‘Earnings’ tab.
- Reviewing your payment history and earnings.
5. Withdraw Your Earnings
When your earnings are available in your Fiverr account, you can withdraw them to your linked payment method. To withdraw your earnings:
- Go to the ‘Earnings’ tab in your Fiverr account.
- Select the ‘Withdraw’ option.
- Choose your preferred withdrawal method and enter the amount you want to withdraw.
- Follow the instructions to complete the withdrawal process.
6. Keep Your Payment Information Updated
Ensure that your payment information is up-to-date to avoid any issues with receiving payments. If you change your payment method or bank account, update your information in your Fiverr account settings.
7. Follow Fiverr’s Payment Policies
It’s crucial to follow Fiverr’s payment policies to ensure a smooth payment process. Familiarize yourself with the following policies:
- Payment Methods: Fiverr supports specific payment methods, and you must use one of the available options.
- Payment Hold: Fiverr may hold payments for 14 days to protect both buyers and sellers.
- Payment Verification: You must verify your payment method to receive payments.
- Payment Withdrawal: Fiverr offers various withdrawal methods, and you can choose the one that suits you best.
By following these steps and adhering to Fiverr’s payment policies, you’ll be well on your way to receiving payments on the platform. Happy selling!
