Fiverr is an online marketplace that connects businesses with freelancers offering digital services in 300+ categories. Services on Fiverr start at $5 per gig. Buyers can request custom gigs from sellers, or purchase pre-made gigs called ‘Gig Extras’.
Fiverr makes money by charging a 20% commission on each transaction. This commission is deducted from the seller’s earnings, not the buyer’s payment. For example, if a Gig costs $100, the seller would earn $80 and Fiverr would keep $20.
Fiverr also offers two premium membership plans – Fiverr Pro and Fiverr Business – that come with additional features and benefits. Fiverr Pro costs $10 per month and gives users access to a curated selection of top talent, as well as exclusive discounts on services. Fiverr Business costs $500 per month and provides users with a dedicated account manager, custom branding, and priority customer support.
So does Fiverr make money?
Yes – by charging a 20% commission on each transaction, Fiverr generates revenue from both buyers and sellers on its platform. Additionally, the company offers two premium membership plans – Fiverr Pro and Fiverr Business – that come with additional features and benefits.
In conclusion, yes – Fiverr does make money by charging a 20% commission on each transaction.
