Wholesales Supply & Procurement

FAQ

Vendor Payouts
How do we pay you?
- If my Customer pays by Credit Card when do I receive the funds?
  Cleared funds are settled on a daily basis to your Bank Account
- If my Customer pays by Direct Debit/Direct Credit, when do I get paid?
  Cleared funds are settled on a daily basis to your Bank Account.
- How do you handle my funds?
  All funds passing through the HorecaMarket.Global platform which are funds to be paid to Vendors are initially deposited into the Company's Trust Account, held with ANZ Bank.
  All funds in that account remain in a completely separate account from the funds used to operate the platform.
  If $100 is deposited from a sale paid to HorecaMarket.Global then $100 is paid to the Vendor once the funds clear (usually 24 hours).
  Fees associated with payment by Vendors:
  Subscriptions Services are billed separately on the 1st of the month and paid by the wholesaler on a Subscription invoice.
  Sales Service - Commissions (our charge for selling on the platform) are billed separately at the end of the month and paid by the wholesaler on a Service invoice.