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Cash Advance for 3rd time?


asifhassanantue
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Hello Freelancers, I hope you are doing great in Fiverr. 

I just have question about Fiverr Cash Advance. Did anyone get this advance for the 3rd time?

I got the advance 2nd time and my cash advance will be paid soon. 

With the advance I got 2nd time, I have updated my PC and bought a Macbook to work on the go. The cash advance helped me to upgrade my working setup and now I think I have invested the loan to build better business on Fiverr. 

Looking forward to get the Advance for the 3rd time and will invest further to setup my office to build Fiverr business more. 

Happy Freelancing. 

Thanks you

Asif 

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There's no standard / guideline as to whether they will give you the 3rd Cash Advance. I can't seem to find the algorithm / guidelines that determine whether or not you'll receive cash advance.

There are many speculations made in the forum. Some say they get "new cash advance for the 2nd and 3rd time" after they finish paying their loan, some say "45 days rotation" and some say "90 days". I can tell you that these didn't happen to me after I finished paying in January.

I have had a good experience getting more cases and selling my services higher than before I took the cash advancement. So I believe that by all matrix, I'm doing better than before I took the "cash advancement." I still don't qualify for it. That being said, I won't take the cash advancement because I really don't need it. I will just be happy to feel appreciated by the algorithm if it give me the recognition that I'm doing well.

My opinion is that the only thing that has changed before I took the cash advance for the first time (to experience if it will increase my business impression) is that I stopped responding to "buyer requests." There were 8 canceled cases during the period of time. All of them are because the buyers didn't contact me beforehand and were lowballers. My algorithm (which would show as having a lower completion rate) was unaffected by the cancellation.

I'm inclined to believe that "cash advance" is selected manually and not by an algorithm. A little like "top rated sellers" that many people think is an achievable goal but it's actually a manual process.

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On 5/13/2022 at 11:06 PM, asifhassanantue said:

Hello Freelancers, I hope you are doing great in Fiverr. 

I just have question about Fiverr Cash Advance. Did anyone get this advance for the 3rd time?

I got the advance 2nd time and my cash advance will be paid soon. 

With the advance I got 2nd time, I have updated my PC and bought a Macbook to work on the go. The cash advance helped me to upgrade my working setup and now I think I have invested the loan to build better business on Fiverr. 

Looking forward to get the Advance for the 3rd time and will invest further to setup my office to build Fiverr business more. 

Happy Freelancing. 

Thanks you

Asif 

When you get cash advance in 2nd time ? after full paid first cash advance ?

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7 hours ago, purebd_sojib said:

When you get cash advance in 2nd time ? after full paid first cash advance ?

Yes, after I paid back the full amount, I got it for 2nd time. Now, I got it for 3rd time also. 

After you fully paid back the amount, wait for 24 hours. It will be available if you are eligible. 

Thanks 

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