Though peer feedback has gained noticeable attention in second-language (L2) education in face-to-face classes, its effects on improving IELTS candidates’ writing performance have remained unexplored in the Iranian EFL context. Thus, the present study aims to reach a two-fold purpose. First, it investigates the effects of online peer feedback (OPF) on improving Iranian IELTS candidates’ writing performance. Second, it explores what the IELTS candidates’ perceptions are about the efficacy of online peer feedback to cultivate their writing performance in the Iranian EFL context. To these aims, having been homogenized through the Oxford Quick Placement Test (OQPT), a total of 35 IELTS candidates were randomly assigned into an experimental group and a control group. The two groups went through pretest, treatment, posttest, and delayed posttest procedures. To collect the required qualitative data, 5 participants of the experimental group participated in a focus group interview. The data were analyzed using a one-way ANCOVA and content analysis. Findings documented that the experimental group outperformed the control group on the posttest and delayed posttest. Additionally, the qualitative results revealed that the participants had positive attitudes toward the potentials of OPF to cultivate writing skills. The study ends with proposing a range of implications and suggestions for further research.