- Oct 25, 2018
- 2,232
- 9,565
Do you need the money? If not then let it go.
- Aug 31, 2009
- 2,507
- 1,009
Fiverr offered me looking at my sales and experience i think.
Yes but the 136 dollar extra is stopping me.
- Oct 25, 2018
- 2,232
- 9,565
Do you plan on using the 1k to increase your sales? And if you think you're going to make more money doing that then the additional $136 should not be a problem. But having a plan is important. Worst case you can lose the entire 1k in marketing costs with little or no sales. You know your business better.
- Mar 10, 2010
- 42,695
- 107,124
40% of your revenue will be taken to pay it back.
That is a tad extreme but all cash advance loans are strong for the lender as to getting a return and protecting themselves and are considered one of the worst ways to borrow in that industry.
Paypal offers something similar but I do not know the details and I'm sure other platforms do as well.
We used to offer that to clients back in the day and I always felt real dirty doing it but if they wanted it we would provide it.
That is a tad extreme but all cash advance loans are strong for the lender as to getting a return and protecting themselves and are considered one of the worst ways to borrow in that industry.
Paypal offers something similar but I do not know the details and I'm sure other platforms do as well.
We used to offer that to clients back in the day and I always felt real dirty doing it but if they wanted it we would provide it.
- Aug 31, 2009
- 2,507
- 1,009
I need money to repay my existing loan instead of using it for marketing. I already bought a new laptop on EMI/loan.
Yes, 40% would be taken from my future earnings till I repay my cash advance.
Ronald Davis
Junior Member
- Feb 9, 2020
- 101
- 63
You can withdraw it or only for advertising ?
Rikabu
Supreme Member
- Nov 4, 2013
- 1,233
- 956
If I get this offer I take it without any hesitation
pls note "for every sale they take 40% to repay the loan", which means they definitely will push your service to cover their investment, no one wants to risk their investment so it's a win-win situation; you get sales, they get a commission
pls note "for every sale they take 40% to repay the loan", which means they definitely will push your service to cover their investment, no one wants to risk their investment so it's a win-win situation; you get sales, they get a commission
- Feb 28, 2019
- 7,440
- 7,898
You can take it only if you need the money and they let you withdraw it to your bank account. If it's only to cover your advertising costs within the platform, then just ignore it.
LuckyGamble
Banned - Multiple Rules Violations
- Apr 14, 2022
- 1,047
- 1,028
Let the customers decide how they want to get skinned alive, man.
Let them choose their poison
That's a free market
- Mar 10, 2010
- 42,695
- 107,124
And I did and still do.Let the customers decide how they want to get skinned alive, man.
Let them choose their poison
That's a free market
- Dec 11, 2021
- 2,004
- 771
I'm sure they will not give you access for withdraw of it. Its credit for purchases only. or am I wrong?
Dextroverse
Regular Member
- Jul 12, 2019
- 278
- 116
Will the $1k you receive amplify your business in effects greater than $136 of return?
I mean, will you make more than $136 with that $1000? If so, then I think it's worth it. If not, no
I mean, will you make more than $136 with that $1000? If so, then I think it's worth it. If not, no
HoNeYBiRD
Elite Member
- May 1, 2009
- 10,187
- 12,580
It can be withdrawn.
It's a feature available for more than a year now for selected sellers from level 1 and up. The maximum amount can differ, it's calculated based on selling history. I believe the most is $5k.
davidmorgan247
Newbie
- Mar 4, 2022
- 26
- 1
how this possible?
HoNeYBiRD
Elite Member
- May 1, 2009
- 10,187
- 12,580
Which part exactly?
Fiverr judges seller performance by selling history. To unlock this perk, sellers need to keep earning a certain amount on average to qualify for the increasing amounts of cash advance up to $5k. If a seller earns $1k/month on average for a while, the maximum amount of cash advance will be $2k. If Fiverr finds a seller to be worthy, they give him/her the opportunity of cash advance. It's not automatically available. If the seller accepts it and spends the money to better or expand his/her service, that can yield in more orders, which means more money for both the seller and Fiverr. If the loan doesn't translate to more sales than usual, Fiverr still makes money on the interest.