bigmish Posted May 25, 2014 Share Posted May 25, 2014 So I read the post about Paypal vs Fiverr Card, and I personally like Paypal. But there was also talk that withdrawing without $50 is a bad idea. Why is that? They said something about a $1 deduction, but I thought Paypal was free. Also, what is the deduction if I withdraw at my current total, $28? Link to comment Share on other sites More sharing options...
voiceoverwork Posted May 25, 2014 Share Posted May 25, 2014 PayPal is not free. When you withdraw small amounts they take a percentage (about 2.9). However when you withdraw $100 they take a flat $1 or 1%. It’s explained clearly on their site. Link to comment Share on other sites More sharing options...
bigmish Posted May 25, 2014 Author Share Posted May 25, 2014 Reply to @voiceoverwork: So where does the $50 dollars come in? Were they just mistaken? Link to comment Share on other sites More sharing options...
voiceoverwork Posted May 25, 2014 Share Posted May 25, 2014 I believe they take a flat fee of $1 for a $50 withdrawal as well, but then the percentage doubles to 2%.I used $100 simply to demonstrate the difference in the percentage.For folks who do a good deal of business, 1% is much better than 2% in the long run. Link to comment Share on other sites More sharing options...
© Fiverr International Ltd. 2023
© Fiverr International Ltd. 2023
Recommended Posts
Archived
This topic is now archived and is closed to further replies.