- It’s free to set up a Fiverr revenue card.
- There is a $5 activation fee for your card.
- When you get a Fiverr Revenue card, you’ll get a Payoneer freelancer account that’s completely free as well.
- You’ll pay a fixed $1 fee every time you withdraw from Fiverr to Payoneer, no matter how much you withdraw.
- It takes up to 48 hours for your funds to clear on your Fiverr Revenue card, but you can pay a $3 fee if you want the money to clear within 2 hours.
- The minimum withdrawal amount from Fiverr to Payoneer is $5.
- Once your funds are on your Fiverr Revenue card, you can withdraw them at any ATM or use them to make purchases online or in-store. Fiverr and Payoneer don’t charge any fees for this.
- Your Fiverr Revenue card is a Fiverr Mastercard, so you might have to pay fees on some transactions, according to Mastercard’s terms and conditions.
- If you want to transfer money from your Fiverr Revenue card into your USD/GBP/EUR bank account (instead of doing a direct bank transfer from Fiverr) without any foreign currency conversion, you’ll pay $/£/€1.50 for each transfer.
Although you do have to pay a fee for a Fiverr to Payoneer withdrawal, it’s really tiny as long as you withdraw large amounts at each time.
Sally withdraws $10 every day, paying a $1 fee every time. After 10 days, she’s withdrawn $100, but paid $10.
Sheila withdraws $100 each month. She pays only $1 and gets $99 in her account.
Withdrawing funds from Fiverr to Payoneer really pays off if you need to convert your money into a different currency. Payoneer doesn’t charge you a currency conversion fee, only the Payoneer exchange rate.
If you transfer money from your Fiverr Revenue card to a bank account in a foreign currency, or make a direct bank transfer through Payoneer to a bank account that’s in a foreign currency, you’ll pay only 2% over the mid-market rate.
If you use your Fiverr Mastercard to buy things in foreign currencies, Mastercard will charge you 3.5% above Mastercard’s standard exchange rate.
Compare that to PayPal, which charges a currency conversion fee of $0.30, plus a very opaque exchange rate of anything between 2.5% to 4%, just to withdraw your own money to your own bank account.