Fiverr is Global marketplace of freelancers where majority of tasks are done in lowest price of 5 dollars, many people & students start their part-time work on Fiverr to get some extra bucks, there are many serious workers as well who are earning thousands of dollars from Fiverr by doing small tasks, if you are also earning from Fiverr, you may have concern that when you will be paid and what is Fiverr minimum payout so here are all details you need.
Understanding Fiverr Payment System
Fiverr charge fees of 5.50$ from a buyer for a simple gig and after work is done it pays four dollars to the worker, Fiverr takes 20% from all of your payments. All of your payments are being finalized in 21 days before you withdraw so you have to wait for funds to be cleared before getting payment.
Once payment is cleared you can withdraw it using Paypal or Payoneer.
Fiverr Minimum Payout
Fiverr does not have any minimum payout, you can withdraw at any time, any amount you want, payments are transferred in minutes, this is for PayPal but for Payoneer users you must have more than 20$ to withdraw.
Fees Associated with payments
Fiverr charge fee of 1$ for every payout whether you withdraw four dollars or hundred dollars.
Fiverr is easiest and simplest way on the internet to earn money, if you want to do it seriously then read way to make your gig famous on Fiverr to get hundred thousands of orders in a day, you should know that Fiverr crosses over 3 billion dollars in its revenue so working seriously can help you to earn big as some folks are even earning more than 50K dollar/month with Fiverr like Crockservice.