Find out how to save money on Fiverr fees and PayPal currency conversion fees with our Fiverr fee calculator. Use our Fiverr fee currency calculator before you withdraw your earnings from Fiverr to calculate currency conversion fees. This Fiverr fee calculator uses realtime currency exchange rates to calculate payout fees. Fees can be a very important factor when negotiating the right price with your clients, so we hope our Fiverr fee calculator can be a helpful tool to keep the fees in mind. Read more about How to use the Fee Calculator to determine all of the Fiverr and PayPal fees.
Tip: Try to estimate the time it takes to complete the project, add 20% more time for possible unexpected challenges.Get started with our free tool: Fiverr Fee Currency Calculator
In summary: This fee calculator will calculate all fees of Fiverr and PayPal to help you negotiate the right price for your gig.
When you look on PayPals website, you wont find much about fees. You can read about PayPal fees on their official documentation: PayPal - fees
But when you want to withdraw money on Fiverr in a different currency then US$, you suddenly notice a big difference in the amount you receive on your account compared to the amount of cash you actually earned on Fiverr.
Why is that?
Well, Fiverr and PayPal fees are not very transparent unfortunately. The reason for the difference in unexpected fees is, that PayPal does not use the most accurate currency conversion rates. Instead, PayPal adds a margin, basically a fee, to the rate of currency conversion. This margin acts like a fee and adds up to the standard Fiverr fees you have to pay as a freelancer. Our calculator automatically adds the PayPal margin to realtime currency conversion rates to give you an estimate on how much fees you can expect when withdrawing from Fiverr via PayPal (or Bank Transfer).
This amount includes the conversion fees and so the amount you can withdraw will be significantly less than what you earned. This is because it's the exact amount sent to your withdrawal account in a different currency that US$ will have conversion fees have applied to it. These currency conversion fees add up to the fiverr fee depending on your seller status (pro seller pay 10% less fees). Especially on PayPal, you have a huge extra margin on the currency exchange rates which acts like an extra fee. Transferwise on the other hand has specialized in multi-currency-accounts which you can use to save money from currency exchange rate fees. We hope this Fiverr currency fee calculator , Transferwise and the tips on this page helps you in your freelancing journey.
All you have to do is withdrawing the money you earned on Fiverr to your Transferwise multi-currency-account. From there, you can exchange it to your local currency and withdraw it directly to your account. Consider creating your Transferwise Account right now!
It is important that you understand the value of your work and estimate the time that you need to get it done. This fee calculator already subtracts the currency conversion fees and Fiverr fees from your hourly rate, so that you can take a realistic guess. Using the hourly rate to find the right price for the gig while keeping the Fiverr fees and PayPal fees in mind helped me a lot in my freelance career.