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I Just Got Access To Fiverr's Cash Advance Feature

faymus

By faymus
in My Fiverr Experience

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faymus Contributor

faymus

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@faymus

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

I had the 5000 first, and the second time it was 2500.

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donnovan86
donnovan86

Do you want to get a loan and you're ok with paying interest for the money you received? Are you in dire need of money now? Then maybe it's worth it. The feature works, the only problem is that you sh

izah_moh
izah_moh

I don't know how to feel about this one...     It seems too good to be true, which is why I'm skeptical. Any advice from other sellers who've used this feature? Di

melanielm
melanielm

Something is. Fees? I never checked it out before so I did right now. If I take a $5000 cash advance, it says I pay back $5681. That's a pretty hefty fee or whatever the correct term is here.

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blemokoena Contributor

blemokoena

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I had the 5000 first, and the second time it was 2500.

I just paid back my advance , its been 48 hours and I havent gotten another one, I did have a slump last month with some cancellations so still havent got it …but I’m holding thumbs

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  • 2 weeks later...
amil077 Enthusiast

amil077

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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.

ok, let us know how much interest rate add of that ?

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  • 1 month later...
exteamtech Newbie

exteamtech

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I think this option is available for those who has good average selling price and constantly earning good amount each month. The amount of Cash Advance depends on your total earning also make sure if you get an advance e.g. 1000$ then you will have to return 1000 + 15% = 1150$ this amount will keep deducting from your personal balance. For example in June if you earned 1000$ and they might be deduct 300$ from total earning and will keep deducting the certain amount each month.

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samumair Apprentice

samumair

Posted
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I just paid back my advance , its been 48 hours and I havent gotten another one, I did have a slump last month with some cancellations so still havent got it …but I’m holding thumbs

Did you get the cash Back option yet ?

if so then how long it took in total ?

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  • 1 month later...
geethma7 Explorer

geethma7

Posted
Posted

I have paid in full my cash advance last week. but the cash advance status is remaining same. Please explain when it will refresh? is this happens only me?

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smashradio Grand Master

smashradio

Posted
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I don't mean to be negative, but if you just had a cash advance and recently paid down the loan, but still want another cash advance right away, you're on a slippery slope. Living off of credit is never a good thing, even if you don't have to pay interest. 

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  • 2 weeks later...
shabirahmad635 Rookie

shabirahmad635

Posted
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Hello Fiverr users, I just want ask that I have completed 90+ projects on fiverr but I didn't got fiverr cash advance opportunity. Is that selection is done on performance basis or there is another logic? 

  • Like 15
nikolataby Rookie

nikolataby

Posted
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I do not know what happened, maybe it is needed some time to pass, but my Amount Due stopped at 1.80$.
No matter my funds were clearing one by one. I even used Early Payouts and my Amount Due didn't change.

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  • 4 weeks later...
ryandevv Apprentice

ryandevv

Posted
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What is this Cash Advance? If I take it, does it mean I can do whatever I want with it like withdrawing it to my bank and use it. They're not very clear about it.

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  • 1 month later...
Guest lash3x

Guest lash3x

Posted
Posted

Hey, how can I get a cash advance? I am extending my business and want to get an office and new employers, if Fiverr can help me with cash advance it will be a boost for me

 

Can you let me know how i can get fiverr cash advance?

  • 1 month later...
nactrix Rookie

nactrix

Posted
Posted (edited)

Hey guys! 2 months ago I received the great news that I was selected to receive loans from Fiverr, but I still did not need it, I need it in February, and I have had my ads on hiatus due to the amount of jobs I have had since 15 days, but my income has never have gone down because I keep getting orders with personalized offers, but my Cash Advance just disappeared

Does anyone know if he ever comes back? I don't want to lose it just when I'm going to need it 😪

 

Edited by nactrix
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