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Does Fiverr Hold Payment?

Last updated on September 28, 2022 @ 10:32 pm

If you’re a freelancer, you’ve probably heard of Fiverr. It’s a popular online marketplace that connects businesses with freelancers who offer services starting at just $5.

From logo design and social media marketing to voiceovers and video editing, there’s a Fiverr gig for just about everything.

But does Fiverr hold payment? In other words, if you’re a freelancer who completes a project on Fiverr, when will you actually get paid?

Here’s what you need to know about getting paid on Fiverr:

Fiverr Payments

Fiverr payments are made through PayPal or direct deposit (for US-based freelancers only). When you complete a project and the buyer approves it, the funds are released from escrow and deposited into your account. You can then withdraw the funds to your bank account or keep them in your Fiverr balance to use for future purchases.

Here’s how it works:

1. The buyer orders a gig and pays for it.

2. The funds are held in escrow.

3. The freelancer completes the work and delivers it to the buyer.

4. The buyer approves the work.

5. The funds are released from escrow and deposited into the freelancer’s account.

Does Fiverr Hold Payment?

Yes, Fiverr does hold payment until the work is completed and the buyer approves it. This protects both buyers and sellers on the platform, ensuring that everyone is satisfied with the final product before money changes hands.

PRO TIP: Fiverr is a platform where freelancers can offer their services for $5. However, some users have complained that Fiverr holds payments for services rendered. This is a cause for concern as it means that freelancers may not get paid for their work. If you are considering using Fiverr, be sure to check the reviews of the freelancers you are interested in hiring to ensure they have been paid promptly.
Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.