WINEDEPOT has released its rate card for its Direct-to-Trade marketplace (Market).
The business will charge Market suppliers a standard commission of 10% of the wholesale price, with payment being released 30 days end-of-month. Those suppliers wishing to take advantage of WINEDEPOT’s Payment Accelerator service will be charged an additional 2.5% of the sale price to have their funds released in 3 days.
Buyers will not pay any commission. Logistics fees will be charged based on the standard rate card.
The commission rate being charged to suppliers by WINEDEPOT is well below the 35% that is typically charged by liquor distributors. The savings offered together with the ability to get paid within 3 days is expected to make the Market a very attractive to suppliers of all scales.
To encourage participation WINEDEPOT will also be providing suppliers who sign up before 30 June 2021 an introductory offer where storage, listing and handling fees will be waived until the end of the year.