Vinted is a great place to sell your unwanted clothing, beauty items and even pet items. With no fees for sellers, how does Vinted make money?
What is Vinted?
Vinted is a marketplace for buying and selling unwanted items.
Vinted have three main aims:
- Sell simply – make money by easily listing your preloved items.
- Shop smarter – find amazing brands that you love at a fraction of the RRP.
- Join the community – join in the Vinted forums or customise your feed for the products that you really want.
The Vinted app is available both on iOS and Android.
Read more: How do you get paid on Vinted?
How does Vinted make money?
Unlike eBay, Vinted don’t charge sellers a fee to either list or sell their item(s), so you might be wondering how does Vinted make money?
There are a few ways that Vinted make their money.
The first is with their buyer protection fee, which is the amount a buyer pays on top of the buy it now fee in order to receive protection in case something goes wrong.
This fee is £0.70 plus 5% of the item’s price.
The buyer protection fee offers the buyer a refund if their item was never shipped or gets lost, arrives damaged or is not as described.
Another way that Vinted makes money is with the additional services they offer.
These additional services include:
Wardrobe Spotlight, where sellers can promote their wardrobe for 7 days for a set fee.Wardrobe Spotlights appear at the top of search results or in personalized recommendations, increasing their visibility and the likelihood of being sold.
Read more: My Vinted Wardrobe Spotlight experience
Bump Feature, where Vinted provides a “Bump” feature that allows sellers to boost the visibility of their listings by bumping them up in the search results. Sellers can use this feature for a fee, ensuring their items remain prominently displayed to potential buyers.
Vinted also make money by displaying adverts on the app.
Wondering if you need to pay tax on Vinted sales?
Here are some common Vinted scams and how to avoid them.
Although not confirmed, Vinted most likely get a commission for every time a chosen shipping partner’s shipping method is used. For example, every time a buyer selects Evri, it is likely that Vinted make a commission.
Be sure to check out this post to see how to sell on Vinted without a printer.
Another method that we haven’t confirmed but suspect is a way that Vinted make money is through data and insights.
As a popular fashion marketplace, Vinted collects vast amounts of data on user preferences, trends, and purchasing behavior. This valuable data can be anonymized and analyzed to derive insights, which can then be shared with brands and retailers. By providing aggregated data and market insights, Vinted could creates an additional revenue stream by offering valuable consumer intelligence to businesses seeking to understand the fashion resale market better.
Related: Vinted vs Depop
How to contact Vinted
There are many reasons why you might need to get in touch with Vinted’s support team. Perhaps you’ve fallen for a common Vinted scam or you have a Vinted item not as described.
If you are looking for how to get in touch with Vinted then look no further than our useful article: how to contact Vinted.
