The sale of second-hand clothing and accessories through applications such as Vinted, Wallapop or Milanuncios is booming in Spain. AND IT IS THAT TAKE ADVANTAGE OF THESE PLATFORMS NOT ONLY HELP US SAVE MONEY TO EARN IT BY SELLING BAD PURCHASE DECISIONES OR SUITS THAT WE HAVE ACQUIRED FOR A SPECIFIC MOMENT, BUT IT IS ALSO MORE ENVIRONMENTALLY RESPECTFUL AND PROMOTES THE Circular And Collaborative Economy. Come on, a full-fledged win-win.
Within this world of online purchases and sales between individuals, Bizum has represented a small great revolution. The possibility of being able to pay for the products that we want to buy or to collect those that we have sold in a way as simple as providing the telephone number is a great change. At least, the arrival of this new application promotes the sale of objects between individuals.
But beware, not everything was going to be facilities. When charging for goods or services with Bizum, care must be taken, since we could expose ourselves to receiving a fine from the Treasury that would take a big bite out of what we could have earned.
Fines from the Treasury if you do not declare what you have received for Bizum
There is a limit of money that can be received by Bizum and that must be declared to the Treasury in the income statement. This maximum amount is 10,000 euros. If with our sales on Vinted or any other platform we manage to exceed this amount per year in bizums, we must duly declare it.
If we forget to comply with this step, the fine that the Treasury can impose on us ranges from 600 euros to half of the money received by Bizum that we have not declared. It is worth paying attention and complying with the income statement correctly.
When paying for what we want to buy through Vinted or other second-hand platforms, we also have to be aware of the limits. Bizum sets the maximum number of money transfers that can be made each month at 60 and the maximum amount that can be transferred in each operation is 1,000 euros. This amount is in line with the 1,000 euros that can be paid, as a maximum, in cash, a limit resulting from the new anti-fraud regulations.
