mkorek Posted June 6, 2020 Share Posted June 6, 2020 Hey, wanted to ask what’s the native currency of fiverr. By that I mean - I would like to avoid any fees for changing currency when getting paid 7 Link to comment Share on other sites More sharing options...
graphics_xpert8 Posted June 6, 2020 Share Posted June 6, 2020 I think you can’t do it Link to comment Share on other sites More sharing options...
wolfhowler Posted June 6, 2020 Share Posted June 6, 2020 You can change your local currency which estimates your earnings and a few other areas roughly exchanged. But the actual money you receive from Fiverr is always US dollars so they have to be exchanged. 2 Link to comment Share on other sites More sharing options...
mkorek Posted June 6, 2020 Author Share Posted June 6, 2020 You can change your local currency which estimates your earnings and a few other areas roughly exchanged. But the actual money you receive from Fiverr is always US dollars so they have to be exchanged.That is what I was asking about. Thank you Link to comment Share on other sites More sharing options...
english_voice Posted June 6, 2020 Share Posted June 6, 2020 As @wolfhowler has said all transactions are in US dollars regardless of your local currency settings. Depending on where in the world you are and your withdrawal method, you can be subject to quite heavy fees. For example as a UK based seller withdrawing through PayPal, I lose a further 9% to PayPal on top of the 20% already taken by Fiverr (which I must state I have no problem with). 1 Link to comment Share on other sites More sharing options...
wolfhowler Posted June 6, 2020 Share Posted June 6, 2020 As @wolfhowler has said all transactions are in US dollars regardless of your local currency settings. Depending on where in the world you are and your withdrawal method, you can be subject to quite heavy fees. For example as a UK based seller withdrawing through PayPal, I lose a further 9% to PayPal on top of the 20% already taken by Fiverr (which I must state I have no problem with).I am also a UK seller but withdrawing through Payoneer. I don’t have the percentage to hand but it tends to be a better exchange rate to PayPal. 1 Link to comment Share on other sites More sharing options...
coerdelion Posted June 6, 2020 Share Posted June 6, 2020 I charge in US$, withdraw to paypal in US$, thence to my (UK) bank in US$.Dunno why y’all pay fees at every step … 3 Link to comment Share on other sites More sharing options...
richavaid Posted June 6, 2020 Share Posted June 6, 2020 It is always in US dollar, so you need to get it exchange no matter what and deduction will take place Link to comment Share on other sites More sharing options...
coerdelion Posted June 6, 2020 Share Posted June 6, 2020 Well, that’s the point, isn’t it.Keep it in US$ all the way to the bank …and then only pay one set of fees once it gets there … 3 Link to comment Share on other sites More sharing options...
humanissocial Posted June 7, 2020 Share Posted June 7, 2020 It is always in US dollar, so you need to get it exchange no matter what and deduction will take placeHe may mean that he has a US bank account or would get one.You can save a lot of money by doing that. Here in Canada we can get a US bank account and have it at our Canadian bank. 1 Link to comment Share on other sites More sharing options...
mkorek Posted June 11, 2020 Author Share Posted June 11, 2020 Hey, got one more question. Does Fiverr automacitaly change currency to local? By that I mean - I live in Poland, however send USD from Fiverr to my polish USD account. It got changed from USD to PLN, then once again from PLN to USD (because account is in USD) Link to comment Share on other sites More sharing options...
coerdelion Posted June 11, 2020 Share Posted June 11, 2020 I’ve seen a couple of posts about Fiverr automatically charging in local currency, causing all kinds of havoc for sellers.If you charge in US$, keep an eye on it - keep changing it back if necessary. Link to comment Share on other sites More sharing options...
sandy7452 Posted June 30, 2020 Share Posted June 30, 2020 @english_voice @coerdelionHi,I am a UK seller. Since you are also from UK, hence I wanted to ask you for recommendation about earning withdrawal method.Do you recommend withdrawing using “PP” or “Bank Transfer” ? I have always been withdrawing to PP. But since hearing the recent Payoneer scandal, I am feeling hesitant to withdraw to PP. Also I am looking to reduce the amount of fees I have to pay for foreign exchange rate.Which option is better to reduce the amount of fees I pay, PP or Bank Transfer?Do you think PP is still better?Thank you for your help.Regards Link to comment Share on other sites More sharing options...
coerdelion Posted June 30, 2020 Share Posted June 30, 2020 You’ll see my own preference if you read the thread …For all the information we have on payoneer, read this thread: CONFIRMED: Only users with balance linked to their Payoneer debit cards had their funds frozen. Withdraw to bank seems to work. Users with NO physical card can use their funds as usual. EDIT: Latest update from Payonerr courtesy of @chupavix: https://blog.payoneer.com/exclusive/wirecard-prepaid-card-update/ I had my card rejected several times this morning, which of course prompted me to communicate with Payoneer CS. Their response was that all funds are frozen temporarily by the FCA, the r… 1 Link to comment Share on other sites More sharing options...
sandy7452 Posted June 30, 2020 Share Posted June 30, 2020 You’ll see my own preference if you read the thread …For all the information we have on payoneer, read this thread: CONFIRMED: Only users with balance linked to their Payoneer debit cards had their funds frozen. Withdraw to bank seems to work. Users with NO physical card can use their funds as usual. EDIT: Latest update from Payonerr courtesy of @chupavix: https://blog.payoneer.com/exclusive/wirecard-prepaid-card-update/ I had my card rejected several times this morning, which of course prompted me to communicate with Payoneer CS. Their response was that all funds are frozen temporarily by the FCA, the r… Hi,Thank you for replying.I was already following that thread for the past couple of days. That thread does not provide any answers to the questions I asked here unfortunately.Also there is no reply from you on that thread. I went till the end of the thread.reply1169×310 89.3 KBRegards Link to comment Share on other sites More sharing options...
sandy7452 Posted June 30, 2020 Share Posted June 30, 2020 I charge in US$, withdraw to paypal in US$, thence to my (UK) bank in US$.Dunno why y’all pay fees at every step …thence to my (UK) bank in US$.Can you really open a UK bank account in USD $ currency? If yes, would you be able to recommend me one please? Link to comment Share on other sites More sharing options...
coerdelion Posted June 30, 2020 Share Posted June 30, 2020 I don’t use payoneer - that’s clear from this thread.As indicated, all the information we have on payoneer is in the thread I referenced.I understand it’s a concern. However, you’ll need to make your own decision about this. No one else can do it for you. Link to comment Share on other sites More sharing options...
coerdelion Posted June 30, 2020 Share Posted June 30, 2020 thence to my (UK) bank in US$.Can you really open a UK bank account in USD $ currency? If yes, would you be able to recommend me one please?No. But all UK banks will accept payments in foreign corrency. It’s a result of having been part of the EU for so long … Link to comment Share on other sites More sharing options...
sandy7452 Posted June 30, 2020 Share Posted June 30, 2020 I don’t use payoneer - that’s clear from this thread.As indicated, all the information we have on payoneer is in the thread I referenced.I understand it’s a concern. However, you’ll need to make your own decision about this. No one else can do it for you.However, you’ll need to make your own decision about this. No one else can do it for you.Understood. Thank you.But all UK banks will accept payments in foreign corrency.Is the exchange rate and fees involved better than PP?For example, if I were to send $100 to my bank account direct from Fiverr, how much would I receive? Link to comment Share on other sites More sharing options...
coerdelion Posted June 30, 2020 Share Posted June 30, 2020 You’ll need to look up the exchange rate - that’s what I do. It gives a ballpark, but the exchange from $ to £ is more or less what I expect. Link to comment Share on other sites More sharing options...
sandy7452 Posted June 30, 2020 Share Posted June 30, 2020 You’ll need to look up the exchange rate - that’s what I do. It gives a ballpark, but the exchange from $ to £ is more or less what I expect.Thank you for your help. Link to comment Share on other sites More sharing options...
english_voice Posted June 30, 2020 Share Posted June 30, 2020 @english_voice @coerdelionHi,I am a UK seller. Since you are also from UK, hence I wanted to ask you for recommendation about earning withdrawal method.Do you recommend withdrawing using “PP” or “Bank Transfer” ? I have always been withdrawing to PP. But since hearing the recent Payoneer scandal, I am feeling hesitant to withdraw to PP. Also I am looking to reduce the amount of fees I have to pay for foreign exchange rate.Which option is better to reduce the amount of fees I pay, PP or Bank Transfer?Do you think PP is still better?Thank you for your help.RegardsI’m seeking the same answer as you!Up until now I’ve used PayPal. But I lose 9% in exchange rate / fees. It’s hideous.I’m going to try bank transfer next time. Link to comment Share on other sites More sharing options...
sandy7452 Posted June 30, 2020 Share Posted June 30, 2020 I’m seeking the same answer as you!Up until now I’ve used PayPal. But I lose 9% in exchange rate / fees. It’s hideous.I’m going to try bank transfer next time.Thank you for replying.I will have to test bank transfer next time on a small amount. The issue is we cannot choose the amount we want to transfer. Hence I have to wait for a small amount to clear and then I will to try to test.I will update this thread if do make a bank transfer. Link to comment Share on other sites More sharing options...
isadoranmartins Posted July 30, 2020 Share Posted July 30, 2020 I’m seeking the same answer as you!Up until now I’ve used PayPal. But I lose 9% in exchange rate / fees. It’s hideous.I’m going to try bank transfer next time.Hi there! did you try the bank transfer option? I want to make my first withdraw and I really want to lower further fees when converting to GBP. If you tried the bank transfer and it worked better than PayPal, I’d love to hear about your experience! Thanks! Link to comment Share on other sites More sharing options...
habibullah_sdk Posted July 30, 2020 Share Posted July 30, 2020 Thabks all… Very helpful people all of you… Link to comment Share on other sites More sharing options...
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