Using a Fiverr revenue card is one of the withdrawal options available to all freelancers. If you are planning on getting a Fiverr revenue card to withdraw your money from Fiverr, this post will explain how to go about it and exactly what to expect using this payment option.
There are several other payment options. However, many sellers make use of the Fiverr revenue card as their most preferred withdrawal option.
Because many sellers use it does not mean it’s the best payment option for you, though. It depends on certain factors, like: location, amount you intend to withdraw, urgency, access to other withdrawal options, etc.
Let’s find out if you should use the Fiverr revenue card as your preffered method of withdrawal.
What is the Fiverr revenue card?
The Fiverr Revenue Card is one of the options with which you can withdraw your money from Fiverr. It is provided by Payoneer and powered by MasterCard. With the Revenue Card, your funds become readily available for withdrawal at any ATM service point worldwide.
Your Fiverr revenue card is just like the regular Debit MasterCard you get from your local bank. It can perform all the transactions supported by MasterCard.
How do I get a Fiverr revenue card?
You need to create an account with Payoneer — after which, your Payoneer MasterCard will be processed. And as soon as it is processed, all you have to do is link your Payoneer MasterCard with your Fiverr account to serve as your revenue card and your most preferred method of withdrawal.
Setting up a Fiverr revenue card:
Do not forget to click on the ‘Sign Up & Earn $25’ button.
What does it cost to use a Fiverr revenue card?
If you initiate withdrawal from your main account to your revenue card, you will be charged a fee of $1 irrespective of your withdrawal amount. For that $1 fee, your funds will enter your revenue card within 48 ours.
If you are interested in accessing your funds much faster, then you have to select the dialog box that provides that option during withdrawal. However, receiving your funds at such fast pace will attract a fee of $3 instead of the regular $1.
In my opinion, except you are out of cash and need to quickly access your funds, there’s no need to pay an extra $2 to get your money in 2 hours.
Even with the regular $1 fee for two days, funds can reach your card in less than 36 hours sometimes; that’s around 1 and a half days.
The minimum amount you can withdraw using your revenue card is set at $5.
Other MasterCard charges may apply to your revenue card — since it’s powered by MasterCard. You may have to pay some small fees during withdrawal, depending your country.
It’s better to withdraw in bulk and not often in order to dodge the regular MasterCard withdrawal charges.
Fiverr doesn’t charge any other fees apart from the fee used in processing your transaction. Any other fee you are charged comes from your MasterCard provider.
Who should use a revenue card?
The revenue card provided by Payoneer and powered by MasterCard is an interesting payment option. Most top sellers make use of it to access their funds with ease.
It is an ideal alternative for anyone living in a country where PayPal is unsupported; since the Payoneer MasterCard can be used to access funds on any ATM service point worldwide, and to purchase from any e-commerce store.
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