Fiverr is an Israeli-based online marketplace where a range of digital services (or “gigs”) are traded. Buyers can hire freelancers to perform a variety of services – including graphic design, email marketing, copywriting, social media management, etc. – for an agreed upon amount.
Prices start from $5 (hence the Fiverr moniker) but freelancers can charge hundreds or even thousands of dollars for a gig, depending on the service being offered and their Fiverr seller level. Also, users are free to create and operate a Fiverr account, but the platform claims 20% of all revenues earned by sellers. Buyers are also charged a fee when purchasing gigs, but the amount varies with the size of the order.
It should be noted that users of Fiverr receive different privileges based on meeting certain criteria. To become a Level 1 seller, for instance, freelancers have to have completed 10 orders on time, with an average rating of 4.8 or higher. For Level 2, it is 50 orders, while Top-rated sellers need to complete 100 orders, but will only get the badge after being vetted and approved by Fiverr.
As it relates to buyers, there isn’t much of a level system in place. However, Fiverr has made attempts to highlight those who regularly use the website to purchase freelancing services. In that regard, they have introduced the “Top Buyer” badge and now the Very Important Doers program.