I’m with you on this one. I wrote a similar post a couple of months ago. I’m also based in the UK and lost 9% on transfer fees. I withdrew over $2,000. I didn’t do full research, and like you I figured I would lose 3-4% based on a quick Google. I’ll be honest and say I couldn’t find a satisfactory explanation, it appears very complex! As @erik_keresztes has suggested, I’d already decided that next time I will withdraw a smaller amount to my bank account and see how that goes. I also need to look into Transferwise as some people have suggested that previously - no idea if I can use that with Fiverr though. The experience changed how I look at taking on and pricing jobs through Fiverr. As a rough rule of thumb, when pricing a job, I simply halve the proposed $ amount for the job to get my £ profit after all fees / taxes, etc. This simple method gives me a realistic feel for whether a job is worth taking on. Quick example $100 job >>> Fiverr take $20 leaving $80 >>> I lose 9% in fees (lets say 10% for ease of maths) >>> leaving me $72 that then becomes £58 after currency exchange >>> then another 20% (approx) in tax and insurance leaving me with £46. I’ve also started being far stricter with enforcing my gig pricing. For example, previously if someone wanted 9,249 words proofread, I would have said let’s call 9,000 and I’ll charge $90. Now I treat those 249 words as an extra gig, so the client pays $100 as per the gig description. Just another really quick thought, not that I ever would explain the above to a client, but sometimes I really do want to! Most buyers have no idea about the amount of money we have to pay out it in fees / taxes as genuine UK based freelancers.