Vinted is a Lithuanian internet store where users may buy, sell, and trade items mostly apparel and accessories new or used.
Vinted, which has over eight million members in the UK, is a fantastic place to get gently used deals starting at only £1. Selling your own clothes is a terrific way to earn additional money, particularly because there are no fees for sellers. Additionally, buying used is better for the environment.
This is a crash lesson in how to make $100s and get deals, including how to sell even if you don't have a printer for postage labels, obtain free shipping, and remain secure.
This blog is divided into two sections: how to sell on Vinted and how to purchase. But first, here are some basic things you should know regarding Vinted's functionality.
Private users may buy, sell, and trade fashion items on Vinted, an online marketplace. Men's, women's, and children's worn clothes are the company's speciality.
By charging both set and variable fees, as well as selling advertising, Vinted makes money (called Wardrobe Spotlight and Item Bump, respectively).
Vinted was founded in 2008 by two Lithuanian businessmen and has since become well-known in the fashion industry. The company has received venture capital investments totalling over $562 million.
What is Vinted? How it works and what you need to know
Mostly used for clothing. Women's and children's apparel are the most popular categories, according to Vinted, however, you may also offer other tiny, postable things like toys, toiletries, and household goods. View the whole list.
- Buying is not FREE, but selling is. Buyer fees, which range from 30p to 80p plus 3% to 8% of the purchase price, are how Vinted generates revenue.
- Customers choose the service and pay for shipping. Vinted has agreements with delivery companies including Evri, Yodel, and InPost, so delivery costs start at only £1.99. Sellers often just need to drop it off at a parcel store.
- Negotiating is essential. As opposed to eBay, there is no waiting for auctions to conclude. Offers from buyers are welcome, but the seller controls the price. However, unlike on eBay, once an offer is accepted, the item remains up for sale until the buyer makes a payment.
- Before purchasing or giving something of great worth, give it some thought. Despite having a sizable following of MoneySavers who love its dirt-cheap second-hand goods, some customers claim they didn't get the amount of support they anticipated when they encountered problems, according to a BBC Watchdog investigation.
- Additionally, check out Trustpilot's rating of 1.4/5 for customer service.
What is Vinted good for?
The benefit of Vinted is that sellers pay no fees, enabling you to declutter quickly. This is ideal for selling inexpensive products like garments that are only worth a few pounds since the costs on eBay would far outweigh the profit.
This is a great option if you want to get gently used clothing for under £1 or £2 with really inexpensive shipping. However, think twice before purchasing and reselling pricey designer goods or gaming consoles on this site; you could be better off on eBay.
Additionally, Vinted doesn't offer items in several categories, including furniture. Facebook selling is an excellent option for items that must be picked up by people, such as couches and closets.
For each successful transaction facilitated via their platform and through advertising, Vinted charges buyers a set and variable fee.
The fixed charge, which is equivalent to $0.70 per transaction, is intended to pay for fixed expenses like processing payments or giving out shipping labels.
A variable fee of 5% is further charged. The buyer must also pay $5 in purchasing costs if the item sells for $100.
It's interesting to note that most online marketplaces tax vendors rather than consumers. Selling on Vinted is really totally free!
Many of Vinted's rivals, such as Poshmark and ThredUp1https://www.pixelcut.ai/learn/poshmark-vs-thredup, charge their sellers for assisting with transaction facilitation.
Selling on Vinted – how to earn cash from your wardrobe
Here are my top suggestions for selling on Vinted since you could be sitting on a gold mine:
- Vinted listing is really rapid; I actually put some parts by the kettle and give myself the task of listing things as it boils. Briefly said...
- List the thing. Take some pictures, choose "sell," select the Vinted app (for iOS or Android), and then enter some information.
- Post the printed label. To print a label after purchase, go to the link on the order page (unless it's Royal Mail). Buyers often pay for postage; you only need to drop it off at the appropriate parcel store within five days to get the buyer's money back.
- One pays you. You get Vinted credit, which you may withdraw to your bank account or use on Vinted if tracking shows that it has been delivered and the customer ticks "everything's alright." Two days after delivery, you will automatically get the money if the customer does nothing. Expect slow rewards since monitoring updates might take a long time.
We wrote the definitive tutorial on how to sell on Vinted since it has been widely discussed in the media and on social media. Read these useful guidelines if you want to sell some used clothing and start earning money right now!
Let's face it, the sheer volume of our wardrobes and clothing may be daunting when the seasons change or even at any time of the year.
We often have too many clothes in today's environment of quick fashion and easy access to clothing. There may be various reasons why we have more clothing than we need. For instance, a recent change in body shape or weight reduction may leave us with a surplus of clothing.
Vinted is an option to think about if you feel like you have some clothing you want to get rid of. If you're wondering how to sell on Vinted, this article will help.
Finally, Vinted distributes the funds to the seller when the buyer gets the shipment and confirms everything is OK. Because Vinted has no selling costs, therefore many people choose to use it to sell their used goods.