VenderCentral is one of the latest growing e-Commerce websites in the Caribbean and in Trinidad & Tobago and recently became the biggest online retailer in the Caribbean Strip. Based on the concept of “Pay As You Grow” this e-commerce sector launched in 2017, and became the highest growing business online.
Being a VenderCentral seller helps you reduce your cost and improve the profitability of your business. There are a few things to remember before you register as given below;
You can easily become a registered VenderCentral seller by following the given steps:
Step 1: Based on the concept of “Badalti soch”, VenderCentral now helps its seller to reach out to customer in Trinidad & Tobago without having to move to new city location to invest money to open new stores, once when you’re sure about what you actually want to sell to register yourself.
Step 2: Fill out the details and create your VenderCentral seller account providing basic information about the business entity, address, telephone number and bank account details.
In addition to the basic details and documents provided, the seller also has to furnish several other details depending upon the type of business he opts;
In case the seller wants to sells the products in his own name, the business will automatically be declared to be a sole proprietorship business. However, there are certain advantages and disadvantages in case of a sole proprietor as the liability is unlimited and the promoter gets no protection against the same. Upon that it is not easily transferrable and cannot have investors and partners. The sole proprietor needs to submit the following documents;
It is better to start as an LLC or Partnership as the liability is limited and easily transferable. The documents required are as follows;
Documents Required in case of Private Limited Company
The most preferred form for seller registration is as Primate limited company, as it has the ability to take on investors and scale up the operations in future. The following documents need to be furnished;
The working mechanism is fairly simple and interesting.
Step 1: Set up your store on VenderCentral-
Step 2: Receive orders from customer-
Step 3: VenderCentral Delivery options –
Step 4: Receive Payment from VenderCentral –
Step 5: Grow your business –
Step 6: Expand Globally –
The seller has the access to sell his products either;
Selling on VenderCentral helps you grow your business and earn higher profits. There are a number of benefits availed by the seller explained as follows:
The pricing structure of VenderCentral is simple and it comprises of three components;
For example: In case you’re selling Laptop at a product price of $700 USD, and cost price of $400 USD ,then the GLOBAL FEE will be calculated @ 15% of $700 USD i.e. $105 USD and the shipping fee depending upon the weight per say, if the laptop is 5 lbs, shipping fee will be $37.50 USD.
Product Price: $700
Global Fee: @ 15 %
Total Cost: $142.50 USD
VAT: x 12.50 %
Thus, VCL profit comes to $160.31 USD
Note: Each product category percent fee will differ Based on the Sellers product selling choice.