Guaranteed & Earlier Payments
IMPROVEMENT 5. Be assured of accessing your working capital earlier
2.3% Settlement fee applied to VINPay approved 60 day credit trades
Now when selling you trade through VINEX to approved VINPay buyers you will be guaranteed payment... yes, that's correct guaranteed, plus we will advance 80% of your invoice to you within 3 days of dispatching your wine. The balance will be paid within 3 days of your invoice due date, either 60 or 90 days. VINPay is a new industry-specific payments service providing increased liquity and real commercial advantages to both producers and buyers. Buyers must be located in the US, UK or Europe and VINPay approved.
"It worked very fast and we were surprised by the new payment method. Thank you VINEX, Vinpay is very lucrative and our buyer will also be happy!"
Ion Mereuta, General Manager, Asconi SRL, Moldova
Enter Net Pricing Only
Now when you offer your wines, or submit an offer to supply VINPay approved buyers you only enter your NET PRICE - the price you agree to receive net of any fees. VINEX grosses up your price by a transparent VINPay Settlement fee to arrive at the listed or offered price that's visible to buyers.
Can I VINPay my direct sales invoices to existing customers? Yes. Lower fees apply if you want to VINPay your invoices for wines sold directly by your buyers, provided your buyer is VINPay approved. You'll still receive the same benefits, guaranteed payment and earlier cash access.
How does it work? Just email us and ask if your buyer is VINPay approved. All transactions operate under a rolling tri-party agreement, between you, your buyer and VINEX. All invoices are settled in your major currency, either EUR, USD, AUD, NZD or ZAR. VINPay deducts the scheduled Settlement fee from the funds advanced to you within 3 days. A min. fee of €500 (or your local currency equivalent) applies to the total value of each transaction (which can be one or multiple invoices for wine dispatched). More VINPay supplier information is available here or email us at firstname.lastname@example.org
VINEX Support is available to assist or answer any queries you have, message, email or call us.