How to withdraw money earned on Fiverr
Dreaming of entering the international freelance market but don’t know where to start? Fiverr is one of the few platforms where clients find you – not the other way around. However, to start successfully, it’s not enough to simply create an account. You need to understand how “gig” algorithms work in 2026, how much commissions actually take, and how to legally receive your earned dollars to a Ukrainian bank card.
In this guide, we’ll break down everything: from choosing a niche that will bring in money to setting up step-by-step withdrawals through Payoneer and registering as a sole proprietor (FOP).
What is Fiverr: how the services marketplace works
Fiverr is a global online platform (marketplace) founded in 2010 that connects freelancers with clients worldwide. Here you can order or offer digital services: design, copywriting, programming, marketing, video editing, translations – the list goes on.
The name Fiverr comes from the English word “five” – originally, most services on the platform cost $5. That was the unique hook: five dollars for a quick task. But over time the platform grew, and now prices depend on the complexity and scope of the work – you can find services for $10 as well as packages worth several thousand dollars.
How Fiverr differs from Upwork and other freelance platforms
On typical platforms (UpWork, Freelancer), clients post jobs and freelancers apply. On Fiverr, it’s the opposite: freelancers are the focus. They create so-called “gigs” – ready-made services with descriptions, pricing, and work samples. Clients come in, browse the catalog, and choose the provider who fits their needs.
Previously, the platform had a Buyer Request option where freelancers could search for jobs themselves, but Fiverr officially discontinued it. In its place, a much more effective system works – Fiverr Briefs. Now you don’t waste time searching for clients in endless lists – the platform matches jobs to you. A client creates a brief (a short task description), and Fiverr’s algorithm analyzes your gigs and skills. If they match the request perfectly, you instantly receive the notification “Get matched with a buyer”. This significantly increases your chances of success because you’re offering your service to someone who is already looking for it.
How to start earning on Fiverr
Before creating your first gig (service), you need to answer four questions – and in this exact order:
First, look at the market: what are people searching for right now? Then, honestly evaluate yourself: what from that list can I actually do? Next, analyze the value: which of my skills solves the client’s biggest problem? And only at the end ask: what do I personally enjoy doing?
This isn’t just self-reflection for the sake of it – it helps you consider both your interests and real market demand right away. Because if you do what you like but nobody needs it, you won’t earn anything. And наоборот: doing what others need but it doesn’t “spark” you is a direct road to burnout.
Now about choosing a niche. There are three criteria that separate a profitable niche from “just a hobby”.
First – it’s crowded with competitors. What you offer should be in demand among a large number of people. The higher the demand, the easier it is to find clients and the more freedom you have to choose who you work with. One of the signs of strong demand is high competition among specialists. Yes, competition is a good thing – it means the market exists and clients are paying.
Second – paying clients. Your potential customers should include people who can afford to pay. This isn’t about greed – it’s about comfort: these clients value your work ethic, respect your principles and integrity, and are willing to pay for quality. Working with them is simply more pleasant – and that matters too.
Third – become irreplaceable and unique. You need to become the specialist a client returns to again and again. And this is not about low prices – dumping will more likely damage your reputation than bring success. It’s about your approach, service, and the quality of your work. When a client understands that working with you is easier, faster, and more reliable, they become a repeat customer.
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Fiverr registration 2026: a step-by-step guide for Ukrainians
Step 1. Sign up
Go to fiverr.com and click “Join” or “Sign Up” – depending on what you see on the homepage. Fill in the standard set: email, password, username. If you don’t feel like typing it manually, you can sign up via Google or Facebook – the platform will pull basic details automatically.
After confirming your email, the system will prompt you to create a profile. Don’t skip this step – this is where the first impression of you as a seller is formed.
Step 2. Complete your profile
The main rule here is maximum specifics, minimum fluff. Add your name or nickname, write a bio (not “I’m an experienced specialist”, but what exactly you do and how many years you’ve been doing it), list your skills and work experience. If you have a portfolio – add examples.
A profile photo is mandatory. Not an abstract image, not a logo – your face. Clients trust people, not Pinterest avatars.
Step 3. Choose your niche
Don’t write “I do everything”. It doesn’t work. Choose a specific specialization: landing page development, React Native mobile apps, Python automation scripts, logo design, and so on. A narrow niche = a targeted audience = a higher chance that clients will find you among thousands of others.
Step 4. Create your first gigs
Reminder: a gig is your service packaged into a ready-to-buy listing. The structure is simple: title (what you do), description (how you do it and what the client gets), price, and delivery time.
A few rules for your first gig:
- Specific title: not “I will build a website”, but “I will create a WordPress landing page in 3 days”
- Useful description: what’s included, what technologies you use, and what the client will receive
- Fair pricing: don’t drop to $5 if the work takes a full day. Start with the average niche price – this attracts real clients who value your time
- Correct tags: choose keywords clients will search for. Fiverr gives a limited number of tags, so use the most relevant ones
Create 2-3 gigs at the start – with different complexity levels and prices. A basic option for those who want something fast and cheap, a middle option for most clients, and a premium option for those who need “everything at once”.
After publishing your gigs, all that’s left is to wait for the first orders and actively promote your profile – share it on social media, add it to your email signature, and tell people you know. Fiverr’s algorithm loves active sellers, so the faster you get your first review, the better.
Fees and income: how much does a freelancer actually earn?
The answer no one likes: it depends. One designer creates a logo for $10 and is happy, another charges $500 for the same logo and has a queue of clients. It all depends on how many orders you complete, how quickly you respond to clients, and how well you sell your services.
What affects your income:
- Number of orders → higher rating → more new clients
- Quality and reviews → client trust
- Response speed → better search ranking
- Profile promotion → more traffic
Remember that Fiverr takes 20% of the value of every order you complete. If you sell a $100 gig, $80 will be credited to your balance. This is extremely important for financial planning.
How to withdraw money from Fiverr: available methods for Ukraine
Money on your Fiverr balance isn’t your money yet. Why? Because until you withdraw it to your card, it’s just numbers on the screen. Let’s look at the available options.
Now let’s get more specific – how to do it technically on the platform.
Step 1. Go to the “Earnings” section in your account – there you’ll see the available balance for withdrawal.
Step 2. Choose a withdrawal method: Payoneer, PayPal, or bank transfer. Again, for Ukrainians, the best option is Payoneer.
Step 3. Check the minimum amount. On Fiverr, the minimum withdrawal amount to Payoneer is $10, and for PayPal it’s only $5.
Important: After the client approves your work, the funds go into “Pending” status for 14 days (for Pro sellers and Top Rated sellers – 7 days). This is a security period for refunds.
How to withdraw money from Fiverr to Payoneer?
Payoneer is the most popular withdrawal method for Ukrainian freelancers. It is supported by thousands of online platforms as a payout option and works in more than 200 countries, including those where alternatives like PayPal are available with limitations. If you don’t have an account yet, create one, complete verification, and connect a Ukrainian bank. You can also order a physical Payoneer card and withdraw cash from ATMs or pay online, but it’s optional.
The simplest scheme:
Fiverr → Payoneer → Ukrainian bank.
The fee is 2% when withdrawing to Monobank or PrivatBank. From there, you can withdraw cash dollars via Universal Bank or convert them to hryvnias. The fee for withdrawing from Fiverr to Payoneer is $3 per transaction. Typically, funds arrive from Fiverr to Payoneer very quickly – from 15 minutes to a few hours.
An important detail: since the fee is fixed, it’s not выгодно to withdraw money every 1-3 days – it’s better to accumulate a larger amount and withdraw it in one payment, paying $1 once instead of $10 for ten small transactions.
Read more about all тарифы, fees, and withdrawal methods via Payoneer in our dedicated article.
How to withdraw money from Fiverr to PayPal?
PayPal as a withdrawal option is only suitable for those who live in countries with full service support. If you are in the USA, Canada, or Europe, you can choose the “PayPal Account” option in the withdrawal settings. But be prepared for a 4-7% fee – that’s significantly more than Payoneer’s fixed $3 fee.
Important for Ukrainians: although PayPal now allows withdrawals to Ukrainian personal bank cards, for regular freelancing it remains less выгодно due to high internal conversion fees and сложности with tax reporting for sole proprietors (FOP). Payoneer remains the top choice.
It’s also worth considering that PayPal often uses its own conversion rates, which may differ from market rates by 2-4%. Combined with Fiverr’s transfer fee, the total losses can become noticeable for large amounts. In addition, PayPal support in Ukraine works mostly in English, which may create extra difficulties in case a transaction is blocked or the source of funds is проверяется.
There are many life hacks on how to do this выгодно. We explained it in more detail in our video on the channel.
Taxes and legalization: how to declare freelance income
If you are just testing the platform and earned $50-100 in your first month, you don’t need to rush into registering as a sole proprietor (FOP) yet. But once your income becomes regular, it’s worth thinking about legalization. Otherwise, you risk ending up in a situation where you’ll have to pay huge fines.
The best option for freelancers is registering as a sole proprietor (FOP) under the simplified tax system. This gives you legal status, minimal taxes (5% single tax + 1% military levy + social contribution), and peace of mind that tomorrow you won’t receive a letter from the tax office with uncomfortable questions. As soon as your Fiverr income becomes stable, it’s a signal to get registered.
For a detailed guide on how to register as a sole proprietor (FOP), watch the video on our YouTube channel.
Don’t know where to start, how to calculate taxes correctly, and feel confused about all the fees, currencies, and withdrawal methods? Don’t experiment blindly. Talk to an accountant: they will help you register as a sole proprietor (FOP), choose the best tax system and withdrawal scheme, calculate real losses from fees, and explain how to legally declare income from Fiverr and beyond, so you don’t end up with questions from the tax office later. Spending money on at least one consultation is better than losing funds because of incorrect withdrawals, making mistakes somewhere along the way, or getting a fine for unregistered business activity.
Conclusion
Want Fiverr to bring you stable income instead of random $20 once a month? Then approach it systematically. Choose a niche with real demand – not “I do everything”, but a specific service for a specific audience. Package your gigs clearly: what you do, how you do it, and what the client will receive. And don’t underprice yourself – low pricing doesn’t bring you a lot of orders.
As for withdrawing money: for Ukrainians, the best option is Payoneer. Don’t withdraw every $50 – the fee is fixed, so it’s better to accumulate $300-500 and withdraw it in one payment.
And finally: as soon as your earnings become regular, don’t postpone legalization. Register as a sole proprietor (FOP) and start paying taxes – this will protect you from a 23% tax and problems with the tax office.
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