Cash Advance question

[faymus]

Hi all.

I’ve offered the cash advance option since it was first released but I’ve been skeptical to try it out because I don’t have enough information.

Can someone (who has tried it) please tell me what one can do with the funds? Can you withdraw them or are they strictly for use on Fiverr?

I’ve read the other threads and no one has answered this question. Thanks

P.S. I’m a level 2 seller

[ahmwritingco]

Hey Faymus, according to the article in the Help Center, the money can be withdrawn.

Cash Advance gives you, our selected sellers, the option to receive an on-the-spot cash advance to grow your business. The advance is immediately deposited into your Fiverr Balance and is available for withdrawal.

Source: https://www.fiverr.com/support/articles/360017972518-Fiverr-Cash-Advance

[kzlimon]

Hello @faymus,

Congratulations and glad to know that you have been selected for that opportunity. I have neither been selected yet nor tried it but so far I have learned, you will be able to withdraw the funds instantly like you do for the cleared funds. Please check the above link that @ahmwritingco shared. It should be helpful.

Thank you.

[blemokoena]

Hi , I have actually used Cash Advance it really helped me out, withdrew the funds and I’m using them daily , however i lost my early payout feature for about 14 days , I have it back now everything is going great

[faymus]

Thank you all for your help.

[crownmediaa]

so did you try the cash advance option?

[rachelbrookes]

Hi , I have actually used Cash Advance it really helped me out, withdrew the funds and I’m using them daily , however i lost my early payout feature for about 14 days , I have it back now everything is going great

Hello, did you do anything special to get it back?

[blemokoena]

Hello, did you do anything special to get it back?

Not really , actually this option comes and goes, but i think the reason it stays alot for me is because when its there , I use it alot, Like I really really use it , so I suppose Fiverr will give it more to frequent users ,at least thats my guess

[faymus]

so did you try the cash advance option?

I did. It was very easy. I only took out $100 to test it out because I knew I could pay that back in a day or two. I’m curious to see what happens after.

[crownmediaa]

I did. It was very easy. I only took out $100 to test it out because I knew I could pay that back in a day or two. I’m curious to see what happens after.

okay do share if there is increase in impressions or clicks

[blemokoena]

I did. It was very easy. I only took out $100 to test it out because I knew I could pay that back in a day or two. I’m curious to see what happens after.

After Paying it back do you get another Cash Advance? I’m very curious

[stefanyoshovski]

Hi everybody,

I read about a feature that some sellers have received. It’s called “cash advance”.
My question is: How much should my monthly revenue be, to get that option in my profile?

[faymus]

After Paying it back do you get another Cash Advance? I’m very curious

The Cash advance option disappeared after paying it back. I’m not sure when it will return.

[faymus]

After Paying it back do you get another Cash Advance? I’m very curious

Update: My cash advance option has returned. It’s been 48 hours

[blemokoena]

Update: My cash advance option has returned. It’s been 48 hours

Did it return with a higher ceiling or the same ceiling? Or did you already have the 5000 limit?

[vetspedia]

Greetings,
I have earned $6000 from Fiverr. When will be selected for Fiverr cash advance program? Please guide

[rd_arijit]

its cant be said when you will get this chance…only fiverr knows whom they want to give that chance and how they give it,the things only you can do is waiting

[vetspedia]

Any idea…You have earned this program?

[blemokoena]

Update: My cash advance option has returned. It’s been 48 hours

@faymus

Did it return with a higher ceiling or the same ceiling? Or did you already have the 5000 limit?

[imranhossainbpp]

Hi
I got the Fiverr advance cash option, now I am not sure about its refund process.
I have around 1700$ pending clearance.
Now if I take the advance cash, will they start charging from my pending amount?
or process will start from my next order.?
Really confused !!!

[marinapomorac]

Yeah, this is simple enough for the explanation.

Interest is 13.6% that I am able to calculate. And from each order 40% will be deducted - 20% is their usual fees and 20% is used to repay the loan.

 

[imranhossainbpp]

Yeah, this is simple enough for the explanation. Interest is 13.6% that I am able to calculate. And from each order 40% will be deducted - 20% is their usual fees and 20% is used to repay the loan.

You are wrong.

I got the answer, cause fiverr already charged me.

thats 60% of your order amount.

for example

Order amount = 100$

Fiverr default = 20% of 100$ = 20$

Your Amount = 80$

Loan Percantage = 40% of 80$ = 32$

Your available balance = 80$ - 32$ = 42$

Thats the exact process

Thank you

[marinapomorac]

You are wrong.

I got the answer, cause fiverr already charged me.

thats 60% of your order amount.

for example

Order amount = 100$

Fiverr default = 20% of 100$ = 20$

Your Amount = 80$

Loan Percantage = 40% of 80$ = 32$

Your available balance = 80$ - 32$ = 42$

Thats the exact process

Thank you

??

Did you read the thread I linked?

It is explained there in the following posts.

What you wrote is the same as explanation there.

But glad you figure it out.

[imranhossainbpp]

??

Did you read the thread I linked?

It is explained there in the following posts.

What you wrote is the same as explanation there.

But glad you figure it out.

Sorry, I didnt notice that.

However, thanks for mentioning that 🙂

Appreciate it.

[tishasheikh3]

its cant be said when you will get this chance…only fiverr knows whom they want to give that chance and how they give it,the things only you can do is waiting

i am also waiting for this chance . .\ thank you for your nice information