With the dwindling state of the economy, unemployment rates have sky-rocketed, and many people have turned to freelancing to take on more jobs to keep up with the cost of living.
Fiverr is a popular freelance marketplace that provides freelancers with opportunities across various fields. However, many Nigerians have had to jump systemic hurdles to receive Fiverr payments due to the limitations on traditional naira cards.
So, in this article, I will take you through receiving payments on Fiverr in Nigeria without breaking a sweat.
There are four significant ways to get paid on Fiverr in Nigeria.
The Fiverr Revenue Card, available through Payoneer and powered by MasterCard, allows you to withdraw your earnings from Fiverr. With this card, you can spend your dollars online on various platforms and withdraw cash from MasterCard ATMs anywhere. Your earnings will be converted to Naira at the exchange rate determined by the issuing bank, which may differ between banks.
However, this isn’t common among Nigerian freelancers due to the many charges involved. These charges come in the form of card, withdrawal, and account balance check fees, which can deplete your earnings if you are not too careful.
If you have funds available for withdrawal, you can set up a PayPal account to withdraw your earnings. You can withdraw the funds 14 days after an order is marked as completed. Unfortunately, many freelancers have complained about their money being seized on PayPal indefinitely. It may not be wise to leave your money up to chance.
If you’re familiar with crypto, you can receive your payments via universally accepted coins like Ethereum and Bitcoin. It provides anonymity for freelancers, and the fees are pretty decent. However, navigating cryptocurrencies requires a certain level of expertise, so this may not be a great choice for just anyone.
You can create an account with a financial service provider that enables you to withdraw money directly into your account from Fiverr. Fiverr only allows bank transfers in the US, so you need an active US dollar account, which Grey can provide you.
First, you have to open a Grey foreign account and link it to your Fiverr account, use the following steps to withdraw money from your Fiverr to your Grey account.
- Log in > click your profile picture > Switch to selling > Earnings.
- If you have money available in the Available funds area, you'll have various withdrawal options.
- Click Withdraw balance or Manage payout methods > Bank transfer.
- Verify your account and begin your payment process.
Grey exists to serve freelancers and make your life easier, one payment at a time. You shouldn’t have to stress to reap the fruits of your labor. Open a Grey account today to start receiving the money you worked hard for easily.
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