Fiverr Cash Advance: Your Guide to Secure and Convenient Financing
The Fiverr Cash Advance feature offers selected sellers the option to receive an immediate cash advance to support their business growth. This advance is promptly deposited into their Fiverr Balance and can be withdrawn at their convenience.
One of the great aspects of the Cash Advance is that there’s no pressure to repay it right away, primarily because it doesn’t accrue any interest. Instead, the repayment happens automatically through your future earnings. For every sale you make as a Fiverr seller, 40% of your Fiverr earnings is used to pay back the Cash Advance in full. Importantly, when your earnings are low or you don’t have earnings, you won’t be required to make payments on the Cash Advance.
Please keep in mind that Fiverr Cash Advance is exclusively available to a select group of sellers.
Here’s how this new Cash Advance feature functions:
- Navigate to the Earnings page where you’ll find a Cash Advance tab alongside the Overview.
- You can decide to go back to the Overview tab if you’re not ready to proceed at this point.
- Choose your desired cash advance amount from the dropdown list and click “Continue.”
- On the Fiverr Cash Advance Terms page, you should:
- Review the cash advance amounts, which detail the advance and the corresponding portion to be repaid from your future earnings.
- Read and accept the Fiverr Cash Advance Terms by selecting the required checkbox. It’s essential to scroll through the content and read it in its entirety before checking the box.
- Sign your full name (not your Fiverr username) as a commitment to abide by the terms of the agreement.
- Click “Get Cash Now.”
- After you’ve successfully completed the cash advance process, you will receive an email confirming and summarizing the details of your cash advance. This email will also contain a copy of the terms for your reference.
- Once you’ve received the Cash Advance, the Cash Advance tab will display the following information:
- Cash advance: This represents the amount added to your available balance for usage or withdrawal.
- Amount to pay: This is the sum you’re obligated to pay for the Cash Advance, equivalent to the discounted price of your future earnings that you’ve agreed to sell to Fiverr.
- Paid to date: This indicates the amount you’ve already repaid for your Cash Advance.
- Amount left to pay: This represents the remaining balance to be paid back for your Cash Advance, including the portion of your future earnings you’ve agreed to sell to Fiverr.
Please keep in mind that if you have an active Cash Advance, meaning you’re still in the process of paying it back, you won’t be able to take out another one. You can request a new Cash Advance once you’ve fully repaid the previous one, provided you remain eligible for this service.
Lastly, it’s important to note that the terms and conditions of the cash advance program may undergo changes from time to time.