Best practices and tips for top sellers

Hello,

I am a top seller in the men’s department.

I would like to share with other top sellers. I do things a bit on my own but I might have a few things to learn from others. For my part, I have a lot of knowledge/tips/best practices now on Vinted (we can discuss a specific topic if anyone needs help).

I have quite a few questions because I started with multiple personal accounts (I still have the professional account) which I max out at 2000 euros to avoid DAC7. (I declare of course and I know I’m not 100% compliant because I don’t have the professional badge, but I can easily state that I am professional in my description and send an invoice with a return slip if needed.) I am careful about IP/email/phone number, etc.

My current concerns are with Mangopay because if I make many transfers (to different bank accounts but in my name), I wonder if they won’t block me based on my name and surname since it’s still a financial service like a bank… So:

Why not have personal accounts send to the professional account before 2000 euros :rofl: but from a tax perspective, it might be 2000x2?

Or otherwise?

I have invested tens of thousands of euros in my stock (already profitable) but I don’t want to abandon my stock due to lack of sales on the professional account. I’m using all the tricks, I have a professional photo studio, I have my listings duplicated with different photos, etc. But since the beginning of a new personal account (4 days ago), I’ve made 2000 euros, whereas on the professional account it’s 300 euros (I have 4x more listings…).

Any thoughts? I’d love to discuss :slight_smile:

I really don’t understand why you want to avoid DAC7 if you declare what you receive in your multiple personal accounts.

To avoid a tax audit. If I have multiple dac7, there will be multiple alerts at the tax level. A tax audit is almost guaranteed, I think.

Meh, if you declare and it’s all above board, you won’t have any issues, or at least you won’t risk much. It’s still a lot of energy spent for nothing if you have nothing to hide. And anyway, they still have the amount of your sales if you declare, so I still don’t get it.

And a quick question, you present yourself as a big seller, but you multiply personal accounts to avoid DAC7. With a limit of 30 sales, how many accounts do you have? Because if I did that with my sales, the number of accounts needed makes my head spin :sweat_smile:

Actually, we’re not necessarily compliant with personal accounts (lack of duty to inform that I am a professional, perhaps mentioned even if I state it in my description.)

Yesterday, if it helps to visualize, and I sell mid-to-high-end items, not €10 stuff.

For now, I avoid transferring money to myself with personal accounts, but I’ll have to do it somehow at some point.

Since this morning, there has been 1 offer on the professional account and about twenty with several sales on the personal account, and again with 3 times fewer ads :upside_down_face:. There’s simply no comparison, professional accounts are about 20x less visible (at least in my case).

What’s your trick for creating a bunch of personal accounts with the same name? Multiple bank accounts?
I stopped at 6, and it’s actually legal because I use my relatives’ accounts (so no transfers to myself).
Yes, it sells much faster, but it’s a real hassle to repost the same listings.
And as mentioned above, the tax authorities don’t care if you use 30 Vinted accounts. If everything is clean and declared, there’s no problem in case of an audit. The risk is more on Vinted’s side if they are able to detect multiple accounts by name.

yes but the tax authorities don’t care, it’s more consumer protection that will object

And mentioning it in your ads, it’s still a big risk of being reported and therefore problems with Vinted in the long run.

As mentioned, it’s the issue of declaring oneself as a professional on personal accounts, but I think it can be managed if mentioned in the seller description and with an invoice sent.

The real problem comes from bank accounts, even with several bank account details in your name, Mangopay risks blocking all accounts with Vinted because they will receive the same national ID card multiple times (it might not happen, but the risk is huge).

It’s really a headache because with only the professional account, I make around 30k, but with individuals, I can reach 85k without any problem. I can’t find any viable solutions.

So that makes a minimum of 28 personal accounts with the €2000 limit :rofl:

No, but playing cat and mouse is never viable in the long term, you will inevitably get into trouble either with Vinted or an administration (especially if you flirt with the VAT exemption limit). Also realize that you are self-competing, so your personal accounts automatically lower your pro sales.

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Hello, I am also a pro seller. I only use the pro account, and I post a few listings on my personal account for grades B and C.
The problem with having too many personal accounts is that if one day they decide to block accounts linked to your national ID, you risk losing everything: the « multi » accounts and the pro one.

The other issue is that normally as a pro seller, you are supposed to give buyers the benefit of the 14-day withdrawal period. However, even if you sell as a pro from your personal accounts, they do not benefit from it.

Kevin, launched as a pro seller for 5 months, over 300 reviews on the pro account.

Your practice is very limited. Knowing that sales sites and platforms are required (in France) to declare your sales from 30 effective sales AND €2,000 reached.
"Since the finance law 2020 (article 242 bis of the CGI), platforms like Vinted are obliged to transmit an annual activity statement to the administration for each user who:
Makes more than 30 sales in the year, and
Generates more than €2,000 in revenue.

These thresholds do not mean that you are automatically taxable, but they trigger an automatic flow of information to Bercy, which can lead to a tax audit if the activity seems unusual."

This means that if you sell a lot (which seems to be the case), you quickly reach €2,000.
You must therefore stop selling at €1,999, it’s a lot of hassle and steps to recreate accounts immediately.
Professional or individual, the declaration will be automatic. We have a DAC even as an individual (I had it on my personal Leboncoin).
If you sell to individuals, you are not even required to send an invoice unless requested.
The thing with deception is that as long as you are not caught in the act, there is no deception. Something to think about!

3 Likes

Did you not read my message? I’m talking about multiple accounts under 2000. It might be a headache for you, but it’s very simple (one SIM + one email + one bank account).

Regarding the obligations, I’ve already answered that (seller description + invoice + return slip).

The question was about Mangopay. I have several ideas, like buying interesting items with the wallet and selling them on Leboncoin. The problem is that I’m not sure I’ll find products with that much margin, and it will eat into the 85K ceiling.

And I advise you to make invoices :rofl::rofl:

Here’s what’s found online:
« A KYC (know your customer) procedure is mandatory in the following cases:
for transactions less than €2500 in incoming payments and/or €1000 in outgoing payments - these amounts are cumulative per calendar year and per user.
for an annual total of incoming transactions, per user, greater than €2500 and/or €1000 in outgoing payments. »

For your information, I have always issued invoices. The laughing emojis were not necessary.

In short, do as you see fit.
You ask for information, describing your situation with the expectation that you won’t be judged. It’s normal for us to give you our opinion on your case while trying to answer your question.

I just get the impression that you want us to help you stay in the « legal illegal » gray area.
And it annoys me to receive unfriendly feedback.
It would be best to close this kind of topic. Clemz is surely not here to encourage this kind of practice.

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Yes, but if you need 30 SIM cards and 30 different bank accounts, like Yestoyday, I find it a headache just to state it :sweat_smile: But above all, I don’t understand why you would deploy so many resources if you are compliant with your declarations. It’s like you’re explaining that you take paths through the woods to avoid breathalyzer tests on the road when you’ve only had Perrier.

Creating a character to bypass recurring problems with business accounts, yes, I see the point. But creating dozens of accounts under 30 sales/€2000 to avoid triggering the tax authorities when you are compliant? I’d say there’s something fishy going on :joy:

But hey, since the topic is best practices and tips, I think it would be better to spend that energy on the essentials rather than creating problems for yourself.

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I’ve already explained it several times and it’s very well known. Pro accounts have low visibility and there’s a high chance that some have less than others. That’s how it is.

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You were talking to me about something else, I pointed it out to you and you have to issue invoices as a professional. Anyway, let’s move on, it’s pointless.

“I know I’m not 100% within the rules”

Either you are within the rules, or you are not. You can’t be 20%, 50%, 80%, or 90% within them.

And you are not. You are a professional and you sell the largest part of your items privately. Even if you declare everything, a professional has legal obligations, which you avoid by selling through your private accounts, but also tax obligations, which you also avoid, and they are not just declarative. (CFE, VAT, accountant, it also affects your activity bonus, in short, it goes far.)

You decide not to follow the rules for your own reasons, and we can all have different reasons for not following them; because it’s restrictive or long or because an account is less visible or I don’t know what.

Furthermore; beyond just yourself, you penalize all those who follow the rules, because, it’s no secret, you are not the only one on Vinted selling men’s clothes, and that’s ugly, I’m telling you.

In this game, you always end up losing, either by Vinted, which is the least bad outcome, or you will be reported by competitors, or denounced, and the administration will come after you. Everything is online, in 3 clicks they know everything. SIM, or IBAN or close to your family or some other thing, it won’t change anything. If you had a multinational company making billions with dozens of holdings, financial arrangements with shell companies spread across tax havens, I wouldn’t say, but this…

So, because we don’t agree with you, you get offended. What did you really want in your post? for us to applaud you because you show us a picture of your packages? recognition? approval? for us to say wow, he’s got it all figured out! :rofl:

6 Likes

Yes, I understood, and I also observe it (I tested to see and I talk about it in my message). I’m talking about multiplying personal accounts, I don’t see the point of spending so many resources if you are clear.

Good evening!

Indeed, when asking a question on a forum, one must be able to listen to opinions even if they differ from one’s own.
I am counting on everyone’s intelligence to remain respectful, which is currently the case. :eyes:

2 Likes

Hello,

The multi-account aspect intrigues me. Of course, creating a new account only requires a SIM card + email + bank account details. A prepaid SIM card costs around 10 euros. How do you quickly get the IBANs?

Related question: how to manage multiple accounts from a single phone or computer? Of course, on a computer, you can use different browsers, but not dozens. Or else you have to constantly log in/out, with a continuous risk of errors?

I already manage two accounts and I see the difficulty. So if there were dozens…

As for Mangopay, I’m not sure there’s a KYC issue due to redundant identifications. I would even hypothesize that their databases must be full of redundant identifications, with a natural person using many platforms and each sending roughly the same data to Mangopay. Simple hypothesis, however, I have no insider information.

Oh yes, I’ve at least seen one platform charge users €2.99 for Mangopay certification fees or equivalent. Naturally, people only discover this when they transfer funds to their real bank account…