How Long Does Vinted Withdrawal Take?
Online shopping has become increasingly popular in recent years, and platforms like Vinted have become household names. As a second-hand marketplace, Vinted offers its users the opportunity to sell their pre-loved items and make some extra cash.
I’ve used Vinted more and more over the last few months. Initially, I started selling a few things here and there until I got used to how to use it. I let my balance build up and I’ve recently placed a number of different orders which have mostly gone well. I’ve had a couple of different issues though – I ordered a sweatshirt that came stinking of smoke and on another order, the seller realised they’d listed the item as the wrong size so cancelled the order.
I’ve recently bought a body protector for my teenage daughter for horse riding. These sell at £80 plus in the shops but I’ve managed to get one for £18 from Vinted. Things like this are ideal. The minute she wears it, the protector will start to get mucky so I didn’t see the point in paying a fortune.
But, if you don’t want to let your balance grow and you want to use the money you make elsewhere, then you might be wondering how long does Vinted withdrawal take?
How Long Does Vinted Withdrawal Take?
Initiating a Withdrawal
To start withdrawing your money from Vinted, you need to have an account with a valid payment method. Once you’ve successfully sold an item, your Vinted balance will be updated, and you can request a payout.
Here’s a quick overview of the steps to initiate a Vinted withdrawal:
- Go to your Vinted wallet. You can access this through your Vinted account.
- Check your balance. Ensure that you have sufficient funds to withdraw.
- Select the withdrawal option. Choose your preferred payment method and input the required information, such as your bank account details.
- Request the withdrawal. Confirm the amount you want to cash out and submit the request.
Withdrawal Timeframe
So, how long does it typically takes for the money to reach your bank account. The withdrawal timeframe may vary depending on several factors, such as your payment method, bank, and country.
Here are the estimated withdrawal timeframes for Vinted:
- Bank transfers within the UK: 1-2 business days
- Bank transfers within the EU: 2-5 business days
- Bank transfers outside the EU: 3-7 business days
These are just general estimates and may not be applicable in all situations. Bank holidays, weekends, and other external factors might cause delays in processing withdrawals.
I initiated a withdrawal on 11th April, Vinted say it will arrive in my bank by 18th April. The payment actually landed in my Lloyds bank account the same day.
Things That Influence Withdrawal Times
There are always things that can impact how quickly you get your money whenever you make a withdrawal from any website or app.
Bank Processing Times
One factor that can influence the time it takes for your Vinted withdrawal to arrive in your account is the processing times of your bank. Different banks have varying processing times, which could cause delays in receiving your funds. For reference, I withdrew my money to a Lloyds bank account on a Thursday morning when there weren’t any upcoming bank holidays. Usually, it takes around 2-5 working days for banks to process transactions, but this can vary. I’ve been surprised sometimes and received my funds immediately.
Vinted’s Internal Processing
When you request a withdrawal from Vinted, they need to process your request, which can take some time. Vinted usually completes this process within 24 hours. However, in some cases, like during peak times or technical issues, there might be some delays. As a result, your withdrawal might not be sent to your bank immediately, so it takes longer than normal to reach your account.
Public Holidays and Weekends
Public holidays and weekends can also influence the withdrawal times. Processing times for both Vinted and your bank are likely to be longer during these periods. For example, if you request a withdrawal on a Friday, the processing might not start until the following Monday. In the UK, banks are closed on public holidays, which means they won’t be processing any transactions during that time. So, if your withdrawal is due to be processed on a holiday, you can expect some extra delays.
So there you have it! Withdrawals from your Vinted account may take varying amounts of time depending on a few different factors.
- Bank holidays and weekends: Banks usually don’t process transactions on these days which can cause delays.
- Bank processing times: Each bank may have its own processing time, usually taking around 2 to 3 business days to complete.
- Vinted’s withdrawal processing: Before the transfer occurs, Vinted also needs time to process your request, generally taking 1 business day.
This entire process tends to take up to 3-5 business days in total. In any case, don’t worry too much! Your hard-earned money from selling on Vinted will find its way to your account soon enough.
