Are you ready to unlock the secrets of maximizing your earnings on Fiverr? In this wikifreelancing guide, we will walk you through the process of withdrawing your hard-earned money from Fiverr.

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Which is best for Fiverr payment withdrawal method: Payoneer or PayPal?

Many freelancers have pondered on the best payment method to attach on Fiverr to withdraw their funds. The good news is Fiverr provides 3 payment method options for withdrawal:

  1. PayPal
  2. Payoneer (Revenue Card)
  3. Direct Deposit (Payoneer)

Fiverr direct deposit

Now, the best payment option for you depends on your location and type of account you’re running. For example, if you don’t stay in the US, the Direct Deposit (Payoneer) option would not be best for you.

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Fiverr PayPal withdrawal option

PayPal is simply general but not favorable to most people in Nigeria, Ghana, and other African countries where PayPal restrict withdrawing of funds to bank account.

Fiverr Revenue Card (Payoneer)

The Fiverr revenue card is the most used payment option for freelancers. Payoneer allows almost all countries, including Nigeria and other African countries, to open an account, link their US Payoneer Bank account to Fiverr and withdraw their funds.

After withdrawing your Fiverr earnings to your Payoneer account, you can then withdraw it to your local bank account or sell via Pyoneer to Payoneer P2P at a higher price, if you’re using a Nigerian Bank account.

Remember, if you link your Naira bank account to your Payoneer for withdrawal, Payoneer will exchange at the bank rate, which is poor.

» MORE: How to link your Domiciliary Account to your Payoneer Account

To maximize your earnings apart from Payoneer transfers at higher rate, you could also open a dollar domiciliary account and link it to your Payoneer. This way, you can withdraw your dollars from Payoneer to Domiciliary account, and cash out the dollars before exchanging at the black market or Aboki.

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Again, if you’re running a Fiverr foreign account, you would want to be meticulous to not implicate yourself by not repeating a payment method for multiple Fiverr accounts.

» MORE: Domiciliary Account: Types, Limitations, Funding, Withdrawing, Hacks

Want to link one Payoneer for many Fiverr account?

However, if you must use one Payoneer account for two or more Fiverr accounts, I highly recommend you check out this guide on how to link your Payoneer to up to 4 Fiverr accounts. It’s imperative to note that 4 Fiverr accounts are the maximum used for the experiment that worked out.

Again, we don’t recommend it, especially if you want to stay out of Fiverr’s trouble. Nevertheless, if you decide to take this path, make sure to follow the instructions in the guide to link your Payoneer to no more than four accounts.

» MORE: Easy Guide to Create A Fiverr US/UK or Foreign Accounts

Doing so will help you maximize the benefits while avoiding any potential risks and issues. But hey, if you’re feeling adventurous, why not give it a try? Just don’t forget to bring your parachute!

» MORE: How to link one Payoneer account to multiple Fiverr accounts

Steps on How to Withdraw your Fiverr Earnings to Payoneer or PayPal

Step 1: Navigating the Earnings Page

The first step is to log into your Fiverr account and head to the earnings page. I will show you how to access this crucial section and provide insights on the different features available.

From understanding your balance to exploring withdrawal options, this section will be your guide to the financial aspect of your Fiverr journey.

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Step 2: Choosing the Right Payment Method

To withdraw your cleared balance, you need to link your payment method information. From my explanation of the payment methods above, you should already know your best bet.

Discover the pros and cons of each option and determine which one is best suited for your needs. Remember, the Fiverr Revenue Card is a preferred choice for many freelancers looking for seamless transactions.

Step 3: Initiating the Withdrawal Process

Once you have selected your preferred payout method, it’s time to start the withdrawal process. To initiate the withdrawal process, you would want to click on the Withdraw Balance button on the Fiverr earnings page.

Then select your preferred payment method option, such as Payoneer. And if your Payoneer account is already linked to your Fiverr account, your funds will be transferred immediately to your Payoneer account.

» MORE: 63 Reasons you should Start Freelancing Today

Step 4: Understanding Withdrawal Timing and Fees

It’s essential to have realistic expectations regarding the timing of your funds’ arrival. Fiverr would always display to expect your funds in 7 days. However, in most cases, it takes a few hours if not minutes to be credited on your Payoneer account.

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Keep in mind that there may be a deduction of three dollars ($3) when you withdraw from Fiverr to your Payoneer. For example, if you withdraw $520, you will end up receiving $517 on your Payoneer.

» MORE: Make Money on Fiverr without any skills

Step 5: Unveiling Fiverr Secrets for Success

To further boost your Fiverr earnings, consider subscribing to Wiki Freelancing YouTube Channel for some insider secrets and tips to excel Fiverr, Upwork, and as a freelancer in general.

Learn how to stand out from the competition, attract more clients, and enhance your reputation. We provide strategies to optimize your gig visibility and gain a competitive edge in the thriving freelance marketplace.

Nothing’s stopping you now!

Congratulations! You have successfully mastered the art of withdrawing your Fiverr earnings. By following this wiki freelancing guide, you now possess the knowledge and strategies to navigate the financial aspect of your freelance journey with confidence.

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Remember, continuous learning and adaptation are the keys to unlocking greater success on Fiverr. So go ahead, apply these tips, and watch your income soar. To stay updated on more Fiverr secrets and additional side hustle ideas, subscribe to our YouTube channel and join the community of successful freelancers. Until next time, happy earning!