What's happening here ... ???

[nnethajireddy]

1) My personal balance in fiverr is ₹19,928.20, as of I'm writing this topic. how to withdrawal exactly or approximately this amount.

2) If I'm trying to withdrawal, it shows in dollars as $229.60

3) As per PayPal / Payoneer conversion rate 1$ = ₹80.33 approximately.

4) So if I withdraw through PayPal / Payoneer, i'll receive $229.60 x ₹80.33 = ₹18443.96

5) It means I'm losing ₹19,928.20 - ₹18443.96 = ₹1484.24

6) It means ₹1484.24/₹80.33 = $18.48

7) What happens to ₹1484.24 or $18.48

8) Can anyone please explain this and how to withdrawal exactly or approximate amount ₹19,928.20 as showed in the personal balance.

9) Thank you very much. 🙏

[lacroix88]

I think your mistake is seeing the personal balance in your currency,this is never accurate on fiverr due flactuation,you have to show it in dollars and do the calculation externally.

[organic_growth_]

You need to change your currency to know the exact amount you have on your dashboard

[grayprogrammerz]

Suppose if you use payoneer, want to withdraw: $229.60

- $3 (fiverr transfer tax)

- 2% of payment (payoneer tax)

- $10 (additional payoneer tax when amount is less than $500)

- $10-15 (payoneer to bank, middle transfer fee)

 

So at end what you would receive is around:

229.60 - $3 - 2% ($4.52) - $10 - $10-15 = Around $200

If 1$ = 80.33 INR, then $200 = 80.33 * 200 = 16,066 INR

Note: I mentioned word "Around", because when reaching country, there include some middle mans. Country to country it varies. Also their policies change frequently.

 

Also I suggest to inquire about your local bank about it. There's also relization certificate. Inside it, written how much funds a bank had received from payoneer.

For Indians, I remember %5 additional was charged from Indian government.

Edited March 25, 2023 by grayprogrammerz