I just used the cash advance and would love to share the results. To use the cash advance you must go to the Earnings menu and locate a new button on the right side. Keep in mind that this feature may not be available to all users (yet). I suspect that this feature depends a lot on how much you are billing in Fiverr, and that this will also affect the maximum amount you can ask for. As many have already mentioned, Fiverr is charging a (total) interest of 13.6%. It is not correct to think of this with a monthly or annual interest, it is the total amount that Fiverr is earning. Screen Shot 2021-02-21 at 8.10.56 AM1878×1244 188 KBThe terms of the transaction are visible only after selecting the advance amount. They basically explain how this money advance is going to be collected Once you accept the terms, the amount is automatically credited to your balance. In this case, it was $500, that is, there is no fee to worry about, you will receive the exact amount you asked for. Now, how is this money advance collected? I casually did the operation before a payment. This payment was for a Gig of $50. Under normal conditions, I would have received $40 for this order ($50 - 20%) but instead I received only $24. In other words, the order was for $50, from which the usual 20% of Fiverr was deducted and then another additional 40% was taken to pay the cash advance. I hope this is useful for those who are interested in this feature.
