How long have you left money in Fiverr?

[labels4you]

So, I’m thinking of letting all of the money of my sales on Fiverr just accumulate and stay in Fiverr until the end of the year… Hopefully I’ll have a nice amount for some Christmas shopping. Has anyone done that?? Left your money there for months? Or is it safer to transfer to PayPal and leave it there instead?

[ardicus]

Honestly its up to you… I pull it every two weeks and it feels like pay from another job. I have heard people keeping it for 1-2 months at a time…



Transferring to PayPal is safe, but since it charges a dollar for a transaction, I would wait until you have 3-400 per transfer if not more. Just my two cents.



But it comes down to when you need/want the money. transfer is less then 5 minutes so if you are out and about and need fast cash… and if you have fiverr app on your mobile… then you can transfer the funds.

[writerlisaz]

I usually withdraw once a week. For sure I wouldn’t let money sit in fiverr for long because people have had their accounts hacked here. It’s not as secure as a bank or even Paypal. Like @ardicus said, since you pay $1 for any withdrawal over $50, accumulate a few hundred or even just $100 and then withdraw. Why not open an interest-bearing savings account online and just electronically transfer your earnings there? Then you won’t necessarily “see” the cash, but you can save it safely.

[aedren]

For me it depends. I try not to keep it that long on Fiverr because the stories about accounts being hacked freaks me out a bit. But I guess I’m just paranoid.

[mrproofreading]

Withdraw it as frequently as is feasibly possible. Fiverr isn’t a bank; you have no protection if fiverr shuts down overnight (unlikely, but possible).

[fonthaunt]

I cash out at $100 unless I am about to buy some gigs. I don’t leave much in my Fiverr account for long for the same reasons as the others said.

[Guest norrsken_marc]

No matter what you end up doing, I would not advertise it publicly, as that could get some shady people interested in your account and earnings. But I do agree with everyone here that you should withdraw your earnings after you’ve reached a set amount and not let it sit there in your Fiverr account.

[topaz_muse]

In the past I would withdraw as soon as it clears. But as others have said try to withdraw your earnings as soon as you reach a certain milestone.

[labels4you]

Reply to @ardicus: Thank you 🙂 I think I will wait until I have about 100-200 and transfer.

[labels4you]

Reply to @aedren: Actually that’s true. There are stories about accounts being hacked and I’d hate to loose all my hard work.

[labels4you]

Reply to @mrproofreading: I hadn’t looked at it that way. It is possible that it happens and I think PayPal for now may be safer.

[labels4you]

Reply to @fonthaunt: I think I’ll cash out every 100 then. That seems very reasonable! Thanks!!

[labels4you]

Reply to @norrsken_marc: hhmm that is true!! I totally did just mention that I might leave my money add up!! Now I’m definitely taking it out… Glad you mentioned that!! 🙂 Thanks!

[labels4you]

Reply to @topaz_muse: Maybe every 50 or 100 is good… or every 51 that way it’s a clean $50 🙂



Thanks!

[labels4you]

Reply to @writerlisaz: I think every 50 sounds good. It’s much more safer at my bank. I’ll just have to stay away from my card! Maybe that’s what I’ll hide 😉

[aedren]

Reply to @labels4you: Yeah I hear you. But I think we are safe as long as we don’t follow any shady links or something like that.

[katecarlile]

Personally, I have accumulated close to $500 before withdrawing, but I agree with what others say - overall, it is probably safer to withdraw sooner than that!

[gwenhwyfar37]

Good question and one that I would be getting around to asking…Isn’t it a shame that no one is safe from the devious deeds of hackers these days??



I’ve dealt with Paypal a good long while and I was informed about the fact that they do charge a small transaction fee…other than that, a very reliable place.

[elyserides]

Reply to @aedren: I don’t think that’s paranoid at all… I had my very first $50 stolen when my account got hacked!

[david388]

Hi @labels4you, I agree with @katecarlile, @gwenhwyfar37, and others - I’d regularly move money from Fiverr to Paypal every time you accumulate a certain amount. Where online finances are concerned, the more security the better!



Best,

David

www.fiverr.com/david388

[labels4you]

Reply to @david388: Thank you for the opinion. It opened my eyes 🙂

[labels4you]

Reply to @gwenhwyfar37: Yes, it would have been nice to leave it there to accumulate and when you’re ready say wow I have this!! But, I hadn’t looked at it that way when someone mentioned hackers.

[labels4you]

Reply to @katecarlile: I just didn’t want to spend my money haha but maybe bank is still safer, maybe what I’ll do is hide my debit card! 😉 Thanks!!

[dudeson]

Yes you definitely gotta keep the funds for a while on your Fiverr account, especially sellers that are from Europe. Why?.. Well the exchange rate of the EUR/USD is falling which means the Euro currency is getting weaker.

Lets say you have $500 in your account and the next week it could be €480 instead of €455. I am following the EUR/USD forecast every single day to wait for the perfect moment to withdraw my funds to EURO. Maybe something you guys can consider 🙂

[mikolinton1]

Great contribution @dudeson. very wise move there. I think withdrawing after $100 dollars is sooooo safe and better. Make reasonable withdrawals while leaving some amounts there to encourage your self to do more. #Double incentive… 😃