How Long Does Vinted Withdrawal Take
Are you that Vinted seller who just made her first sale and is now wondering how to withdraw the funds? If yes, then don’t worry because today we will discuss everything you want to know about Vinted withdrawal. Not only we will explain how Vinted withdrawal works, but we will also explain how you can withdraw money from Vinted to your bank account and how long it takes. So without further ado, let’s start:
How Does Vinted Withdrawal Work?
Vinted’s withdrawal process is simple. When you make a sale, the money initially goes into your ‘pending’ balance and remains in it for a while.
Once the buyer confirms receipt of the item, the funds are transferred to the available balance. From there, you have the option to withdraw the money to your preferred bank account or spend it to buy something from the Vinted marketplace.
What Withdrawal Methods Does Vinted Accept?
Vinted only accepts one withdrawal method and that is a legit bank account. Here’s how you can connect a bank account to your Vinted account:
- Open Vinted app and log in to your account.
- Next, tap the profile icon.
- Then, tap “Payments.”
- Next, tap “Add Bank Account” which will be available under “Withdrawal Options.”
- Lastly, add your bank account details and tap “Save.”
Once, your bank account is connected to your Vinted account. Here’s how you can withdraw your funds from Vinted to your bank account:
- Tap the profile icon.
- Then, tap “Balance.”
- Lastly, tap the ”Withdraw to Bank Account” button and the available amount will be withdrawn to your bank account.
How Long Does Vinted Withdrawal Take?
The withdrawal process on Vinted typically takes between 2 to 5 business days for completion. This duration includes weekdays from Monday to Friday, excluding weekends and bank holidays. However, it’s important to note that the actual timeframe may vary depending on various factors.
There are factors that can influence the speed of the withdrawal process. These may include the seller’s bank and its processing times, any ongoing maintenance or technical issues on the platform, the volume of withdrawal requests being processed at a given time, and any potential security checks or verifications required for the transaction.
While Vinted aims to process withdrawal requests fast within the stated timeframe, sellers should keep in mind that delays might occur occasionally due to unforeseen circumstances or external factors beyond the control of Vinted.
Tips for Fast Withdrawal on Vinted
1- Withdraw Money During Business Days:
Timing really matters when it comes to withdrawing funds from your Vinted account. You should always initiate withdrawal requests during business days to ensure fast processing. This helps in avoiding any delays caused by weekends or bank holidays when banking channels are not operational.
2- Make Sure Your Account is Verified:
Always ensure that your Vinted account is fully verified as it helps in making the withdrawal process faster. Make sure to submit all required documents for verification. The more Vinted trusts your account, the faster your withdrawals are likely to be processed.
3- Keep Your Account Information Up to Date:
Keeping details up date is paramount when it comes to your bank account. Double-check that all information that you provided to Vinted is accurate and up to date. Any errors or outdated information could lead to delays or failed transactions, prolonging the withdrawal process unnecessarily.
Frequently Asked Questions (FAQs)
Why is Vinted not letting me withdraw money?
There are two common reasons why a withdrawal might fail on Vinted:
- You haven’t completed the identity verification process required for payment processing. Vinted will notify you if this step is necessary.
- Your bank account number may be blocked by the payment provider.
Why does Vinted need my ID?
Vinted requires your ID for the KYC (Know Your Customer) procedure to verify your identity, ensuring fair and legal participation on the platform.
Is my money safe on Vinted?
Yes, your money is safe on Vinted. Transactions are securely handled by trusted payment partners with encrypted payments which ensures safe and reliable money transfers throughout the entire process.
