Fiverr implemented Fiverr 3.0, which tanked many sellers' sales - mine included. The month of October was horrible in the way of earning money. However, the newest move, which this time doesn't directly affect sellers, will and has.
50 Cent Increase...
Fiverr recently implemented a .50 cent fee per transaction. Therefore, each time a person orders a $5 gig, they are charged $5.50. Fiverr calls this an admin fee. But, what it's doing is scaring buyers away. Many buyers, using the power of the Fiverr Forum, have claimed they are done with Fiverr (of course, that really remains to be seen) But, if this holds true, we know what that means for sellers. Yep, less sales!
Here's their new TOS: Our Terms of Service (www.fiverr.com/terms_of_service) were recently updated to reflect any additional fees that may be associated with your order. Processing fees are added at the time of purchase where a buyer can review and accept the total amount requested to pay. These fees cover payment processing and administrative fees. As of November 2014: $0.5 on purchases up to $10 and 5% on purchases greater than $10.
Why would Fiverr implement such an idea? After all, they already get 20 percent of the $5. Sellers only get $4 after Fiverr takes their cut and only gets $3.92 per gig after PayPal gets its cut. We're already working for peanuts, and now we may not even get that. It's a good thing, I've started to extend my branch outside of Fiverr once again.. it's really time to ramp it up because this is retarded!
Thanks Fiverr, you were great for a time but unless you decide to repeal this, I have a feeling many buyers will turn to other methods to get their work complete. And, you're making us sellers suffer once again.
Bravo!!!!!!
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