Fiverr's DIRECT DEPOSIT. [ACTIVE - Please discuss new DD feature here]

[superb_articles]

Hey guys, I just checked my revenues page and I observed that Fiverr has a new payment method. It’s called “Direct Deposit”. Does anybody know what it’s all about? Does it mean we can link our banks directly?

[fonthaunt]

Your post has been marked active and made an “announcement” so that we have one go-to place for discussion on the new direct deposit feature.

I have a posted several messages down that has more information on the feature and some screen shots for those who haven’t seen them. Also, Fiverr is working on some known glitches with the feature. There is no need to report them in the forum or to CS at this time.

http://forum.fiverr.com/discussion/83343/fiverrs-direct-deposit-active-please-discuss-new-dd-feature-here#Item_22

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[superb_articles]

Okay. But I guess Fiverr will let us know when it’s due. Maybe it’s one of the updates they made today as announced

[flatpp]

I will continue to use Paypal. For some reason there is a $3 charge along with it. It’s not a lot but I would rather get the full amount.

[fonthaunt]

Reply to @superb_articles: I didn’t see anything on it in News but this thread can be closed once there are answers. It’s just helpful to get people talking on one thread instead of many. I haven’t had time yet to see if the other Fiverr forum mods or the admins know more, but I will soon.

[superb_articles]

Reply to @flatpp: Even PayPal has it’s own charges. You can’t go with all the money 🙂

[flatpp]

Reply to @superb_articles: It does? Wow, maybe I haven’t noticed. Always thought I got the full amount. 🙂

[superb_articles]

😃 Nah. If there were no charges, PayPal won’t make money too

[sydneymorgan]

Reply to @flatpp: I think it’s a $1 on every transaction, at least that’s what I’ve seen 🙂

[fonthaunt]

Reply to @sydneymorgan: It tops out at $1 so if you cash out more than $50 at a time you’ll never pay more than a dollar of that. If you cash out frequently with smaller amounts, though, PayPal takes a chunk based on the amount so it’s smart to utilize that $1 cap.

[dexblog]

Reply to @flatpp:
And when you get the amount on your credit card 2.5$. So it is almost 3.5$

[mark74]

Reply to @dexblog: in my country (Italy) we can have a Paypal debit card.
With this you can transfer Paypal credit to the card for free (no fees at all) and no waiting time as it’s immediate. This debit card is a Mastercard, so it’s accepted everywhere.
Just to let you know 😉

[mark74]

Reply to @fonthaunt: no official answer received yet…

[preetiyoga]

Cant wait to get more info about new feature 🙂

[jamesbulls]

Speaking for myself, I enjoy having the added security of sending my funds to PayPal instead of directly to my bank. I don’t know what kind of account security Fiverr really has, but I know and trust PayPal to process secure transactions. I always get anxious about sharing my direct banking information with any website. In this day and age of leaks and hacks, I just don’t know that I’ll ever be really comfortable sharing my direct banking account details with a large number of sites.

[superb_articles]

Reply to @jamesbulls: You are right James. But I think they want to implement the same feature that Payoneer has, which enables one to send funds directly to bank account. So I believe Fiverr will try to maintain the same credibility as always

[fonthaunt]

Reply to @mark74: It is the same in the U.S. and you probably have another option that is the same for me. You can transfer to your bank from PayPal at no added cost (after the $1 fee from Fiverr to PayPal) but the bank option takes a few days.

That is one thing I wonder about the new direct deposit option is whether or not it will take a long time. I don’t mind waiting 2-3 days usually, but 2 weeks on top of the 14-17 day Fiverr clearance would be tough. I just got back online so someone may have already answered this, but have you heard how long the new direct deposit feature should take, Marco?

[design_palace]

Eagerly waiting to get the update on this.

[alawconsultant]

If you push the “Direct Deposit” link it will send you an email with this "Adding a Direct Deposit for your Fiverr withdrawals means that any funds you withdraw from now on, will be sent to your newly defined account. If you would like to continue with the process, please click here.

If you did not try to define a Direct Deposit for your account, please report it here"

Before you start doing this, let’s found out what’s going on with this new feature.

[fonthaunt]

Reply to @silberma1976: I can confirm that Fiverr staff is aware of some glitches with the feature and the work is in process. No need to report it to Customer Support even if anyone decides to use the feature as they are already on it. Just an update! 🙂

[fonthaunt]

So, here is everything I can gather on the feature for anyone who hasn’t been able to use the link and/or get this info. The new feature should eventually be available for everyone but Fiverr is having some issues with it so not everyone will be able to use the feature yet even if it is listed on your Revenue page. As expected, it does come with fees, of course.

I will attach images showing a confirmation email based on the feature and an image regarding the general use and fees. Be aware again,though, if the feature does not work for you at this time, just be patient and give it a few days. No need to submit tickets. Fiverr staff is aware of the issues. Here are the promised images:

http://i62.tinypic.com/2mqp81s.png

2mqp81s.png1025×603

http://i62.tinypic.com/o0a0l2.png

o0a0l2.png608×737

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Tinypic Maintenance

http://i62.tinypic.com

[smork]

Superb to see options like this being added.

I may use this instead of PayPal.

Big question is (for me at least) - How long do the transfers take? If it’s instant, that would be amazing. Guessing it’s the whole 3-5 days thing though.

Guess we’ll have to wait for official info from Fiverr HQ!

[superb_articles]

Reply to @smork: Yeah I was thinking the same thing. But I think it’s going to take the same 3-5 day period since it’s still powered by Payoneer. I believe Fiverr is just trying to make it easier to use the “withdraw to bank” feature on Payoneer’s website without really going to the website. Not all countries or regions will probably enjoy this feature because Payoneer doesn’t allow all countries to use the “withdraw to bank” feature on their website.
Either ways, it’s still cool. At least, having multiple withdrawal options isn’t a bad idea

[dungdung]

I want to know can i withdraw USD to my USD bank account? or money will be converted to local currency ?
Paypal’s currency rating is very low and they updated very slowly. i lost 10% of every withdraw so i hope i can receive USD by using this bank transfer.