Fiverr takes a 20% fee from sellers and 5% from buyers. Also, Fiverr takes a commission from the tips. In this post, I will discuss everything about Fiverr fees in detail.
Fiverr fees for sellers
From the above screenshot of a completed order, the total price was $800 (green) and I earned $640 (red). Here is the calculation of the Fiverr fee:
Fiverr took (800-640) = $160
That means,
If the total price is $800, then Fiverr gets = $160
If the total price is $100, then Fiverr gets = (160 × 100) ÷ 800 = $20
That means Fiverr takes 20 percent of the total price. And the freelancer gets 80 percent.
Fiverr fees for buyers
Fiverr charges 5% to the buyers if the gig price is over $40. The minimum charge for buyers is $2 (USD). That means if the gig price is equal to or below $40, then Fiverr will charge the buyer $2 only.
No matter if it’s buying a gig or a tip for a seller, Fiverr will always charge buyers as well.
See the screenshot below that refers to an expense report for buying a gig and sending tips to the seller:
In the business overview, Fiverr claims that its business model is straightforward and that its primary source of revenue is transaction-based fees. And from successful transactions, Fiverr gets 20% from the sellers.
Does Fiverr take a cut of tips?
In the above section, I showed you that Fiverr charges buyers also for sending tips.
But you might be thinking does it also takes a commission from the seller’s tip? And I am confirming that Fiverr also takes a cut of tips from sellers.
That means if a buyer sends a $100 tip to a seller, Fiverr will charge $5 to the buyer and $20 to the seller.
At this point, you might be thinking it would be great if Fiverr would not charge for tips! You’re great but there are other sellers & buyers who would misuse that opportunity. Learn more about freelancing on Fiverr.
You may also like to check some other Fiverr alternatives.
Conclusion
Fiverr takes a fee both from sellers and buyers. And even Fiverr takes a 20% commission from the tips. After then, funds are released to the sellers (80%). To be more specific, the fund does not directly go to the seller’s bank account. It goes through 14 day clearing period (7 days for top-rated & “Seller Plus” members).
Fiverr fees are equal for all levels of sellers and every type of buyer.
