Deferred payments

What are deferred payments?

Deferred Payments allows you to pay 30 days after the month ends.

For instance, if you make a purchase on June 1st, you will be charged on July 31st.

Users can also enjoy interest-free delayed expenses with no hidden costs and receive one simplified, monthly email summary of all the invoices.

Who can use deferred payments?

• Fiverr Pro clients located in the US (user eligibility may change in the future).
• Admin & billing managers*.
• Accounts that have completed the application process and were approved for a credit line.

*Deferred payments allowed for team members if set as default by admin/billing managers.

How to add deferred payments?

1. Log in, click on your profile picture > Billing and payments > Payment methods tab.
   
   
2. Navigate to the Deferred payments section and initiate the application process by clicking Start application.
   
   
   
   
3. Follow the steps in the pop-up window to continue the application process.
   Note: If your display currency is non-USD, the purchase must be paid in USD.
   
   
4. Activate your account by clicking Activate deferred payments.
   Note: If you have already been approved for credit, you will see an 'Activate deferred payments' button. Simply follow the activation steps, and immediately after activating your account, you will be able to start using deferred payments.
   
   

Application process

The evaluation process utilizes Balance's services (Balance terms & conditions), and its criteria are subject to change. The decision is dynamic and may be altered based on additional internal factors.
No hard inquiry will be conducted during this process.

How do I disable deferred payments?

1. Log in, click on your profile picture > Billing and payments > Payment methods tab.
   
   
2. Click on the 3 dots on the right side of deferred payments. 
   
   
3. Click on Disable from the options that appear.
   
   
4. A confirmation box will pop up. Click on the red "Yes, disable" button.
   
   
5. Your changes will be saved, and a new default payment method will be added to your account.
   Note: Disabling deferred payments requires at least one alternative payment method to be saved.

How can I reactivate the deferred payment option?

1. Log in, click on your profile picture > Billing and payments > Payment methods tab.
   
   
2. Click on the 3 dots on the right side of deferred payments. 
   
   
3. Click on Enable from the options that appear. 
   
   
4. A confirmation box will pop up indicating that your default payment method was updated.

FAQs

1. How will I know if my application was approved or not?
   After completing the registration you will receive an activation email from Balance.
   
   
2. Who approves my application?
   Your application is approved via Balance. Balance support support@getbalance.com
   
   
3.  If my application was denied, can I resubmit it in the future?
   If your credit line application is denied, you must undergo a waiting period before resubmitting.
   
   
4. Will this affect my credit?
   Your credit line application does not involve a hard inquiry. For detailed information, please contact Balance directly.
   
   
5. Are all US banks available?
   To streamline the process of connecting your bank accounts, we've partnered with Plaid, a financial data platform that supports a vast network of US banks. The Balance tool utilizes Plaid's secure connection to retrieve your bank account information. For a comprehensive list of supported financial institutions, please visit https://plaid.com/institutions/. As an alternative, you can manually upload your financial statements for manual processing.
   
   
6. How is the credit amount determined?
   The credit amount is determined through an approval process, where you may be granted a credit line of up to $50,000 USD.
   
   
7. How do I receive an invoice for my order?
   Balance will send you a monthly email with your invoices at the beginning of each month. You'll be able to pay them directly through the email by connecting your account. All invoices will be available under the Billing and payments section. 
   
   
8. How do I pay for the invoices that were made with deferred payments?
   Pay your deferred payment invoices through the Balance portal. You can also look for the "Pay outstanding invoices" link under the deferred payments section.