Wine & Spirits Import — Pay Indonesian Suppliers Faster, Cheaper
Wine margins are thin enough without losing 2-4% to your bank.. And your bank makes it worse — 3-day settlements, 2-4% hidden FX spreads, and zero visibility into what your payments actually cost.
We built payment infrastructure for wine & spirits import businesses. 0.5% spreads. Same-day IDR settlement. Free container tracking.
Get a Quote for Your Next Indonesian PaymentWine & Spirits Import margins are too thin to donate 2-4% to your bank on every supplier payment.
Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.
These aren't marketing claims — they're regulatory requirements we meet daily.
Save £2,320 per £100k Payment
Typical savings for Wine & Spirits Import paying Indonesia suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ Settles in seconds — 2.3 second average
- ✓ Transparent pricing
- ✓ BI-FAST available
- ✓ 0.14s automated compliance
At £200k-£2M monthly volume, save £27,840/year
What Challenges Do Wine & Spirits Import Businesses Face Paying Indonesia?
Industry Pain Points
- Duty and excise payments (large upfront costs)
- Bonded warehouse management
- Seasonal harvest allocation payments
- En primeur futures (pay 2 years ahead)
Country-Specific Considerations
- Bank Indonesia FX regulations
- Indonesian Customs documentation
- VAT (11%) on imports
- OJK (Financial Services Authority) oversight
How Do Wine & Spirits Import Businesses Typically Pay Indonesian Suppliers?
Fast Settlement: Settles in seconds — 2.3 second average
Use BI-FAST for instant IDR settlement. Bank Indonesia instant payment system, 24/7
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Indonesia regulations. Bank Indonesia FX regulations handled automatically.
How Wine & Spirits Import Businesses Typically Pay Indonesian Suppliers
If you're importing in this sector, you're likely dealing with a mix of payment terms. Here's how they work — and why speed matters.
⏱ Payment Timing
Harvest allocations: 50% deposit, 50% on release (12-24 months). Regular shipments: Net 30-60. Duty on release from bond.
📄 Invoice Terms
Net 30-60 (established suppliers), 50% deposit for allocations, en primeur: 100% upfront 2 years before delivery.
Seasonal harvest payments (Sep-Nov). Christmas sales peak. En primeur cash-intensive. Duty payments create cash flow gaps.
📊 FX Risk Profile
HIGH: EUR dominates (70%). En primeur creates 2-year FX exposure. AUD/NZD for New World. Forward contracts essential for futures.
Long-term estate relationships essential for allocations. Négociants for volume. Direct relationships for fine wine. Loyalty rewarded with allocations.
Common Documentation for Wine & Spirits Import
- VI-1 Form (wine)
- Commercial Invoice
- AAD (Administrative Accompanying Document)
- Excise Movement Guarantee
- Certificate of Origin
Popular Indonesia Supplier Types for Wine & Spirits Import
Common Indonesia Suppliers
- Palm oil plantations (Sumatra, Kalimantan)
- Textile factories (Java, Bali)
- Coal mines (Kalimantan)
- Coffee exporters (Sumatra, Java)
Payment Tips for Indonesia
- Indonesia = Largest palm oil producer, textile exporter
- BI-FAST enables instant IDR settlement
- Jakarta + Surabaya = Main business hubs
- Island logistics - consider shipping times
Frequently Asked Questions: Wine & Spirits Import Payments to Indonesia
How do Wine & Spirits Import businesses pay suppliers in Indonesia?
Wine & Spirits Import businesses can pay Indonesia suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like BI-FAST. This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.
What banking details do I need for Indonesia Wine & Spirits Import suppliers?
To pay Wine & Spirits Import suppliers in Indonesia, you need the recipient's SWIFT + Account (SWIFT/BIC or local bank code and account number), account number, and beneficiary name. Our platform validates these details automatically to ensure successful payment delivery.
How much can Wine & Spirits Import businesses save on Indonesia payments?
Wine & Spirits Import businesses typically save 82% compared to traditional banks when paying Indonesia suppliers. On a £100k transaction, that's £2,320 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 2.8% spread + £25 fees.
Is container tracking available for Wine & Spirits Import shipments from Indonesia?
Yes, Unicorn Currencies offers FREE container tracking for Wine & Spirits Import shipments from Indonesia. You receive real-time visibility into your cargo, including demurrage alerts to help avoid costly port storage fees. This feature is included at no extra cost with your payment account.
What currencies do Wine & Spirits Import businesses typically use with Indonesia?
Wine & Spirits Import businesses typically convert GBP to IDR when paying Indonesia suppliers. Unicorn Currencies provides live exchange rates with a transparent 0.5% spread, and you can lock rates for 15 seconds when you see a favorable rate. Our AI-powered invoice OCR can automatically extract amounts and currencies from supplier invoices.
Ready to Pay Indonesia Suppliers 82% Cheaper?
Join Wine & Spirits Import businesses saving £2,320 per £100k payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB