@NancyPickford
For those of you who have sold on Vinted - how does the payment work? Do you only post the item to the buyer when the money appears in your bank account?
The payment shows as confirmed (it’s not even sold until it’s paid for), but Vinted hold the funds
Once the buyer acknowledges receipt and (does not make any complaints) the money is released
Under eBay the money goes through except for new sellers, in which case the money is held for a period of time in a similar manner to Vinted. But once you are established as an eBay seller your money comes through:
Vinted - buyer buys & pays, but Vinted holds the money
eBay - buyer buys, but might not pay, especially with an auction. Buyer has 2 days to pay. Once paid unless the seller has a restriction the funds are released
Vinted postage - The seller prints off a ‘free’ label, unless the seller has opted to manage their own postage options. The buyer has paid Vinted to cover the postage
eBay postage - the seller has to buy postage. Note that eBay also charge their fee on the postage amount, so the seller needs to have taken into account extra eBay fees
eBay fees - eBay take a cut of the full item and postage amount (this is because sellers used to evade fees by selling the item for 99p and charging the real cost as extra postage)
Vinted fees - Vinted do not take a cut from the seller but from the buyer. I assume that as postage labels are ‘free’ to the buyer that Vinted are paying a bulk contract rate with carriers and may be getting a cut of the postage charged to the buyer