After reviewing the withdraw options I found the Direct Deposit option to be more economical at $1 per transfer (or atleast when I signed up, now Payoneer shows $1.50 per transfer)
I have three questions related to this withdraw method
- When I signed up for Direct Deposit I got a message from Payoneer
“All Payments from Fiverr will be automatically transferred to your local bank account, in USD”
However automatic does not sound like what I want. I need the ability to manual tell Fiverr I want to transfer funds, this way I can transfer funds once a month rather than every time I earn enough money for withdraw and be charged the transfer fee each time, if a Direct Deposit occurs every time I reach the minimum amount for withdraw than the fees will start eating into my profits, this is why I only want them transferred once a month.
2 ) What are the real fees and minimum withdraw limits for Direct Deposit? On fiverr it says US bank transfers for Direct Deposit are $1 per transaction and minimum withdraw of $5. Once logged into Payoneer it shows $1.50 per transfer and the confirmation email from Payoneer says the minimum withdraw is $29.99. I just want the truth.
- Since I have linked my paypal account which I used to purchase gigs from sellers and I have added the Direct Deposit option, do I need to set the default withdraw option somehow? Because when my funds clear I don’t want them automatically going through paypal, because those fees are ridiculous