Guaranteed & Earlier Payments
IMPROVEMENT 5. Be assured of accessing your working capital earlier
Producers, you can access 80% of your invoice within 3 days of dispatching your wine, and be guaranteed payment.
Now when selling your wine through VINEX to approved buyers you will be guaranteed payment... yes, that's correct guaranteed, plus we will advance 80% of your invoice value 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 be 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 to sell, or submit an offer to supply our approved buyers you only enter your NET PRICE - the price you agree to receive net of any fees. The VINEX offer screen then grosses up your price by a transparent VINPay Settlement fee to arrive at the 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 existing invoices for wines sold directly to your buyers, provided your buyer is approved. You'll still receive the same benefits; guaranteed payment and cash access within 3 days.
How does it work? 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: email@example.com
VINEX Support is available to assist or answer any queries you have, message, email or call us.