Book a Demo

PROCESSING & COMMITMENT FEES SLAB

100% Transparent Pricing – No Hidden Commissions

 

At VendorMate, we believe in complete transparency. We do not charge the traditional 20-30% broker margins. Instead, we operate on a highly transparent, slab-based tech fee model. Here is how it works for both Vendors and Corporate Clients.

🛡️ 1. FOR MSME VENDORS & CONTRACTORS

  1. Processing Fee (Participation Fee) (Updated) To maintain high-quality quotations and filter out non-serious participants, we charge a nominal, strictly non-refundable Processing Fee to unlock and participate in a Project / RFQ. (Updated)

(Below amounts are inclusive of 18% GST for your convenience)

  • Project Value up to ₹50,000 ➔ ₹199 + 18% GST = ₹234.82
  • Project Value ₹50,001 to ₹1,00,000 ➔ ₹299 + 18% GST = ₹352.82
  • Project Value ₹1,00,001 to ₹5,00,000 ➔ ₹499 + 18% GST = ₹588.82
  • Project Value ₹5,00,001 to ₹20,00,000 ➔ ₹999 + 18% GST = ₹1,178.82
  • Project Value Above ₹20,000 ➔ ₹1,999 + 18% GST = ₹2,358.82

 

  1. Commitment Fee (Success Fee) You ONLY pay this fee when you are officially awarded the project (Selected Vendor / Best Quote). This fee ranges between 2% to 5% of the total awarded PO value, depending on the project category. (Updated)
  • Milestone 1: 50% payable immediately upon award (to unlock Corporate Buyer details & receive PO).
  • Milestone 2: Remaining 50% payable directly from your running billing cycle during project execution. (Note: If the Corporate Client cancels the PO after award, your Commitment Fee is 100% Refundable/Adjustable).

🏢 2. FOR CORPORATE CLIENTS (TSPs)

  1. Project Posting & Sourcing Fee
  • Zero Cost: Posting Projects/RFQs and sourcing verified vendors on VendorMate is currently 100% FREE for Corporate Clients. (Updated)
  1. Corporate Discipline & Vendor Protection VendorMate strictly protects its Vendors. If a Corporate Client successfully awards a project to a Vendor but cancels it arbitrarily post-award:
  • The Vendor will get a 100% Refund (or Adjustment) of their Commitment Fee.
  • The Corporate Client’s Trust Score will be severely downgraded, which may lead to restricted access to top-rated vendors in the future.

🚀 (Upcoming Feature): We are soon launching our ‘Corporate Wallet System’, under which a dedicated Cancellation Levy will be automatically deducted from the Corporate Client to compensate the Vendor for their opportunity loss.

 

Important Links: