origin

When the platform was first established , each service was $5 USD, so it was named Fiverr . As the platform developed, the price of a single Gig on the Fiverr platform could reach $995 USD.

Freelancers who sell services on the Fiverr platform are called Sellers, and employers who purchase skill service packages are called Buyers .

A Fiverr account can have both Seller and Buyer identities , which means that you can sell your skills on the Fiverr platform as a freelancer to earn US dollars , or you can buy Gigs and hire other freelancers to contribute to your career.

Cost

On the Fiverr platform, you can set your price between $5-$995 and offer three versions of your service at three different prices.

As their reputation increases, sellers can set prices up to $995. Sellers keep 80 % of each transaction, and the rest is the platform's commission.

Service Content

Graphics & Design – Design

Digital Marketing

Writing & Translation – Writing and translation

Video & Animation – Video and animation

Music & Audio – Music and audio

Programming & Tech – Programming and technology

Business

Lifestyle – Entertainment and lifestyle

Seller Selling Gig Steps

1. Creating Your Seller Profile

2. Creating your Gig

3. Video Requirements Overview – Gig Video Introduction

4. Offering Packages – Three price packages

5. Upselling – Monetizing Your Gig – More value-added service packages

6. Sending Custom Offers/Buyer Requests – Customized Gig Marketing

Five ways for sellers to withdraw cash

1. Fiverr Revenue Card – Payoneer : Fiverr Revenue Card is the first withdrawal method officially recommended by Fiverr . It is actually a savings card customized by Payoneer for the Fiverr platform . It costs $1 ( within two days ) or $3 ( within two hours ) to withdraw money from Fiverr to Payoneer , with a minimum withdrawal fee of $5 . The handling fee for withdrawing money from a Payoneer account to a domestic bank account is 1.2%, and it usually takes one working day to arrive . It is settled at the real-time foreign exchange purchase price of the Bank of China , and does not occupy the individual's annual foreign exchange quota . It is strongly recommended as the first withdrawal option for the Fiverr platform . Register for a free Payoneer account without a card now and get $ 35 !

2. PayPal : It costs $1 to withdraw money from Fiverr to PayPal , with a minimum withdrawal fee of $1 . Then withdraw money to a domestic bank account through PayPal for $35/ transaction ( or use PayPal 's cooperative fast RMB withdrawal method - Lianlian Pay, which can enjoy a withdrawal fee of 1.2% ). Using PayPal can be used as Fiverr's second withdrawal solution.

3. Bank Transfer : It costs $3 to transfer money directly from Fiverr to a domestic bank account , with a minimum withdrawal of $20 . In addition, domestic banks may charge some fees. It can be used as Fiverr's third withdrawal solution.

4. Direct Deposit ( Only available in the US ) : Direct deposit from Fiverr to a US bank account costs $1, with a minimum withdrawal of $10 . It cannot be used in conjunction with the Fiverr Revenue Card .

Seller grading

Fiverr rates the sellers on the platform every month , and sellers of different levels enjoy different platform benefits. The Fiverr platform divides the sellers on the platform into :

Seller

Level One Seller

Level Two Seller

Top Rated Seller

Buyer payment in four ways

1. Credit / Debit Card : Fiverr supports most debit and credit cards.

2. Apple Pay: If you use the Fiverr app on your mobile device , you can use Apple Pay to purchase services

3. iDEAL: This payment method is only supported in the Netherlands

4. PayPal: You can bind your PayPal account to your Fiverr account for quick payment

User situation

The Fiverr marketplace may be youth-heavy (only 2% of its sellers are 55 or older), but the company says the percentage of sellers aged 55-64 grew 375% at the end of the second quarter of 2015 compared to the year before.

develop

On June 1, 2010, Fiverr received $1 million in seed investment from Cubit Investments.

In 2011, Fiverr received US$30 million in Series C funding and announced the launch of a new version, Fiverr 3.0, on its official blog.

In May 2012, Fiverr received $15 million in funding from Accel Partners and Bessemer Venture Partners, bringing the company's total funding to $20 million.

In 2012, it exceeded 1.3 million Gig.

In August 2014, Fiverr announced that it had raised $30 million in Series C funding from Bessemer Venture Partners, Accel (formerly Accel Partners), and other investors. This round brought the company’s total funding to date to $50 million.

In October 2015, Amazon.com began legal action against 1,114 Fiverr sellers, alleging they were providing fake reviews on the U.S. version of the site.

In November 2015, Fiverr, a global task crowdsourcing platform, announced that it had completed a new round of financing of US$60 million, a Series D financing led by Square Peg Capital.

References

• 1. Fiverr’s financing situation in 2011: NetEase official website [reference date 2018-03-10T16:00:00.000Z]
• 2. Fiverr seller level classification: official website [reference date 2019-11-05T16:00:00.000Z]
• 3. Seller selling Gig steps: Official website [reference date 2019-11-04T16:00:00.000Z]
• 4. Fiverr’s financing situation in 2015: E-commerce Research Center official website [reference date 2018-03-10T16:00:00.000Z]