How Do You Get Paid on Vinted

How Do You Get Paid on Vinted

Want to turn your preloved clothes into cash? Look no further than Vinted!

Vinted makes it easy to declutter your closet and make a good passive income. With just a few clicks, you can transform those items you no longer wear into money in your bank account.

Whether it’s that dress you wore once or those shoes that never quite fit right, Vinted offers a platform where selling becomes second nature.

Now, you might be wondering “how will I get paid on Vinted?”

In this blog post, we’ll guide you through the steps of getting paid on Vinted. Moreover, we will explain how to transfer money from Vinted app to your bank, and much more. So let’s begin:

How Do You Get Paid on Vinted?

When you sell items on Vinted, the payment process involves a few steps. Here’s how you get paid on Vinted.

  1. Pending Balance: When a buyer makes a purchase, the payment will appear in your Vinted Wallet in the Pending Balance section. However, this money is not immediately available for use or transfer. It remains in the Pending Balance until the transaction is fully completed.
  2. Shipping Completion: After you’ve shipped the item to the buyer, he should receive it and confirm that everything is satisfactory with the order. This step is crucial because it signifies the completion of the transaction.
  3. Available Balance: Once the buyer confirms receipt of the item and is satisfied with the order, the funds from your Pending Balance will move to the Available Balance. This transfer typically takes two business days.
  4. Payment: Once the funds are in your Available Balance, you can transfer them to your linked bank account or use them for further purchases within the Vinted app.

It’s important to note that until the transaction is fully completed and the funds are moved to the Available Balance, the money remains in the Pending Balance and cannot be utilized. This process ensures a secure and reliable payment system for both buyers and sellers on Vinted.

What Will Happen If A Buyer Cancels/Returns Order?

When a buyer returns or cancels an order on Vinted, the process and outcome are governed by Vinted refund policy, which outlines specific procedures and responsibilities for both buyers and sellers.

Firstly, buyers are given a two-day window from the day the order is delivered to report any issues they encounter with the item they’ve purchased. This window allows buyers a reasonable timeframe to inspect the item and assess whether it meets their expectations and matches the description provided by the seller.

Once an issue is reported, the compensation or resolution for the buyer will depend on the nature of the problem they’ve encountered with the item. Vinted’s return policy likely outlines various scenarios and corresponding actions, ensuring that buyers are appropriately compensated for any legitimate issues they face with their purchases.

If the reported problem is determined to be the fault of the seller, Vinted typically intervenes to find a resolution that is fair to both parties. In such cases, Vinted works in the best interests of both the buyer and the seller.

So for instance, if the seller has falsely advertised the item or misrepresented its condition, he should not expect to receive payment for the transaction. In such instances, Vinted is likely to side with the buyer and may take corrective action against the seller, such as withholding payment or imposing penalties.

How to Transfer Money From Vinted App to Your Bank Account?

To get paid on Vinted, you need to transfer money from Vinted app to your bank account which is super easy. You just need to add your bank details to your account before making your first withdrawal.

Here’s how you can withdraw money from Vinted app to your bank account:

  1. Log in to your Vinted account.
  2. Tap on “Profile” on the bottom right.
  3. Then, tap “Balance.”
  4. Lastly, tap “Withdraw to Bank Account.”

Note: Your Vinted withdrawal can take up to 5 business days (Monday to Friday, weekends and public holidays not included). Moreover, you can’t withdraw your pending balance. Only money from fulfilled orders are eligible for withdrawal.

How to Check Withdrawal Status and History?

To check your Vinted withdrawal status and history:

  1. Log in to your Vinted account and tap “Profile.”
  2. Then, tap “Balance.”
  3. Next, tap “History.”
  4. Lastly, proceed to “Transactions” to find the status of a withdrawal.

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