VINPay - Wine Payments Re-invented

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B o t t l e  +  B u l k  W i n e  P a y m e n t s

New VINPay, a wine payments service for producers and buyers. Now, producers can be assured of payment, plus receive 80% of their invoice paid in 3 days of dispatching wines. Also, buyers can save by offering cash payment terms, plus still receive standard credit terms and even extended terms to 150 days to pay.

VINPay is available to all wine producers in all countries, and credit approved buyers (located in the European Union, UK, US or Canada) when trading direct with your existing buyers/suppliers; or when trading through the VINEX marketplace for all new or existing wines.

1. Paiements de vins rapides, sécurisés et garantis

2. VINPay factures à vos clients directs

Suppliers receive...

• Payment 100% guaranteed - eliminating commercial risk and reducing credit insurance costs   
• Earlier access to cash - invoices paid (80%) in 3 days of dispatch, allowing you to invest cash and grow your business
• Applies to all wine sales – transact existing invoices to your customers, and new trades
• One settlement fee – deducted by VINPay on the transfer of funds to you
• Approved buyers – quality buyers, verified and trust rated by VINPay
• Flexible funding – VINPay funding is fexible and not asset-backed bank funding
• VINPay choice - transact your existing direct (or marketplace traded) National and Export sales

Buyers receive...

• Negotiate 'cash price savings' - save on purchases by offering your suppliers cash terms (80% in 3 days of dispatch)
• Maximise cash flow - preserve your cash by receiving 60 or 90 day terms, plus an option to extend by 60 days, to max. 150 days
• One settlement fee - a fee is deducted by VINPay from the funds paid to your supplier
• No deposits or pre-payments - maximise your cash-on-hand so you can better manage your cash flow
• Flexible financing – VINPay funding is flexible and not related to any asset-backed bank obligations
• Approved VINPay sellers – suppliers are verified and trust rated by VINPay
• VINPay Choice - transact your direct (or VINEX sourced) purchases 

"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

For us Vinpay was a positive experience. Something we would be happy to repeat.

Christophe Pans, Export Director, Vitivinicola Cremaschi Barriga, Chile 

"Finally, non-bank funding that enables me to preserve cash when I need it most!"

Name withheld, Importer, United Kingdom

Who can use VINPay?

VINPay is a supply-chain payments service for registered and approved members. Suppliers and Buyers must be legal entities, and Buyers are required to register on the VINPay platform and be credit approved. No sensitive company financial information is required.  

A VINPay transaction can be requested by either the Supplier or the Buyer, or both.

(1) Suppliers may want to transact through VINPay, either after executing a trade through the marketplace, or selling directly to an existing Buyer to receive both certainty of payment, and earlier access to cash.

(2) Buyers may want to transact through VINPay, to negotiate cash term savings, and to extend the due dates of Supplier invoices to preserve their cash flow.

VINPay is available for all bottled and bulk wines. You DO NOT need to trade through the exchange - you can simply transact direct invoices by forwarding Purchase Orders to VINPay, and receiving confirmation of credit approval.  

VINPay is a 'disclosed trade payments service' with both the Supplier and Buyer agreeing to execute a rolling Tri-Party Sale & Purchase Agreement with VINPay.

How VINPay works…

Suppliers

 - VINPay unlocks your financial operating capital and enables you to grow your business faster

• VINPay express transfers 80% of your invoice (less the VINPay settlement fee) in 3 days of receiving a Proof of Acceptance from the buyer. For 'wine exports', proof of acceptance is based on a pre-dispatch sample being accepted by your Buyer.
• VINPay transfers the 20% balance of your invoice in 3 days of the invoice due date, adjusted for any agreed discounts, rebates or delivered quantity variances.

Buyers

 - VINPay enables you to negotiate cash purchase prices, and receive your standard either 60 90 or 120 day payment terms. Plus, you can purchase an extra 60 days payment credit, up to max. 150 days.

• For all bottled and bulk wine purchases
• Must be located in European Union, UK, US or Canada, and be VINPay credit approved.

VINPay Scenario 1: A supplier wants 100% payment assurance, and earlier access to cash The Supplier receives a Purchase Order and forwards it to VINPay. The Buyer is VINPay credit approved and agrees to accept the Supplier' terms of 60 days from EXW. VINPay forwards a rolling agreement to both parties and obtains their acceptance. Prior to dispatching the wine, the Supplier provides a Pre-Dispatch Sample to the Buyer for their acceptance. On receiving acceptance, the Supplier dispatches the wine and forwards the invoices to the Buyer and copies VINPay. On receiving the invoice, VINPay transfers payment to the Seller, being 80% of the total value, in 3 days. VINPay deducts a settlement fee from the funds transfer. Then, in 3 days of the invoice's 60 days payment due date, VINPay pays the remaining 20% to the Supplier, adjusted for any agreed rebates or product quantity variances. The Buyer pays VINPay the agreed invoice amount on or before the due date, or elects to increase the payment term by another 60 days, paying VINPay a +60D Extension fee in advance.   

VINPay Scenario 2: A buyer wants to preserve cash flow by extending all invoice terms to 150 days The Buyer has a VINPay pre-approved credit limit and wants to extend the payment term of each invoice beyond their Supplier's 90 day term. Each month the Buyer transacts invoices through VINPay with the total value remaining below their pre-approved credit limit. For a +60D Extension fee, VINPay provides the Buyer with an additional 60 days to pay each invoice, in addition to the Supplier's 90 day terms, totalling 150 days. The Buyer pays VINPay for each invoice, adjusted for any agreed rebates or product quantity variances, on or before 150 days. The Supplier continues to receive 80% of each invoice paid in advance in 3 days of each dispatch, with the remaining 20% paid in 3 days of each invoice's original 90 days' due date.

VINPay Supplier Settlement Fees

Settlement fees start from 1,25% per month of the invoiced value. VINPay provides standard 60 90 or120 day payment terms. Please contact us for more details at enquiry@vinpay.market and to discuss how we can assist you. 

Transactions are available in EUR, GBP, USD, AUD, NZD & ZAR. No other transaction fees apply. Buyer may choose to be paid in their local currency, either EUR, GBP or USD.  

MESSAGE DE SOUTIEN VINPAY

Buyers' Credit Limits

All buyers must be located in either the European Union, UK, US or Canada and have a VINPay credit approved limit. For Suppliers to receive guaranteed 100% payment they must not dispatch wine and raise an invoice that will take the Buyer's total unpaid invoice value over their credit limit. Buyers will be required to pay-down any unpaid invoices to ensure they remain below their credit limit at all times.

Buyers can apply for a credit limit at: enquiry@vinpay.market 

Note: VINPay does not require any sensitive company financial information.

 

Questions

Please direct your enquiries to enquiry@vinpay.market  

Vin-Exchange Ltd
Level 1, One Mayfair Place
London W1J 8AJ UK

VINPay is a digitised supply-chain wine payments service. VINPay is a registered trademark of Vin-Exchange IP Ltd.