IMPROVEMENT 4. Access buyers, engage and benefit from lower costs
Low 1.5% Contract fee for all (non-VINPay) bulk trades
Now when selling through VINEX you only pay one reduced fee. The 1.5% fee applies to all bulk trades, and a new lower fee of 3.0% applies for bottled trades. The fee is payable to VINEX on you receiving the fully signed contract. Also, VINEX does not require you to sign a Continuing Supply agreement nor pay a fee on future supply. Only one lower cost trading fee is payable.
The fee applies equally to all sellers, including brokers and agents. You can view fee details and payment terms here,
Why the lower fee? VINEX provides a digital global marketplace for buyers and sellers to directly connect, and since starting in 2016 has grown quickly. The ease of completing trades is now delivering greater efficiencies and with lower overhead costs which enables all VINEX members to benefit.
NEW Net Pricing Now when you offer your wines, or submit an offer to supply, you ONLY enter your NET PRICE - the price you agree to receive. The VINEX offer page then grosses up your price by a transparent 1.5% on bulk (or 3.0% on bottled) offers to arrive at the Offered Price that's visible to buyers.
VINEX Support is available to assist or answer any queries you have, message, email or call us.
Pricing to VINPay approved buyer requirements
If you're wanting to only sell to VINPay approved buyers, or you're submitting an offer on a VINPay approved buy listings then NO trading fee applies. A transparent VINPay Settlement Fee will be applied to your net price providing the buyer with either 60 or 90 day payment terms. You will receive guaranteed payment, and an 80% advance paid on each invoice within 3 days of your wine dispatch.
More supplier information to VINPay your invoices is available here.