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Withdrawing funds!


vitobuchicchio

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Guest lloydsolutions
Posted

While you wait for a specific answer in relation to Italy this may be helpful to you:

Posted

A bit of general advice based on my own experience…

All the withdrawal methods such as PayPal, bank transfer, etc have different exchange rates / transfer fees - and this can make a big difference to the amount you receive.

For example, I’m based in the UK and I used PayPal to withdraw about $2,000 from Fiverr. I lost nearly 9% of my earnings (that’s after the 20% Fiverr commission) - which is a massive amount. It came as a shock!

My advice to everyone is to compare both the transfer fees AND exchange rates for your country before making a withdrawal. It can be very confusing, but if I had taken 10 minutes to compare rates - then I might not have lost $180.

Posted

A bit of general advice based on my own experience…

All the withdrawal methods such as PayPal, bank transfer, etc have different exchange rates / transfer fees - and this can make a big difference to the amount you receive.

For example, I’m based in the UK and I used PayPal to withdraw about $2,000 from Fiverr. I lost nearly 9% of my earnings (that’s after the 20% Fiverr commission) - which is a massive amount. It came as a shock!

My advice to everyone is to compare both the transfer fees AND exchange rates for your country before making a withdrawal. It can be very confusing, but if I had taken 10 minutes to compare rates - then I might not have lost $180.

thank you very much, I will lose a few minutes to read the various percentages there are

Posted

Pay Pal is most convenient method to withdraw money from fiverr in Italy.

do you know the details between the various withdrawals? because from the research I’ve done it’s not very clear 😦

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