Here's how we calculate storage fees:
We sum the total cubic footage that your inventory takes up in all our warehouses every day and calculate the storage fee for that day.
For example, if you store 50 books in Charlotte and 50 notebooks in Riga, we'll measure the total cubic footage that they all take up together and calculate the fee.
Depending on the number of units you store with us, you can get volume discounts, see our pricing per cubic foot of storage.
The monthly minimum storage fee for all our warehouses is $25 / €22. So if your inventory storage fees round up below our monthly minimum fee, we'll charge you the monthly minimum either way. In cases when you send us your items close to the end of a calendar month, we'll apply the monthly minimum storage fee.
Here's how we charge storage fees:
We charge you the monthly storage fee on the first day of the next month. You'll get a separate invoice for each warehouse your inventory is stored in.
Our warehouses have fixed storage fees for each location. The USA warehouse has a fixed USD price, and our warehouse in Europe has a fixed EUR price.
We use a floating price for storage fees in one location but charged in a different currency. The end price would also depend on the exchange rate, which is what makes it a floating price. We get our rates from the ECB and update prices at the beginning of every month so they don't fluctuate every day.
Storage fees will be charged based on the warehouse location and your warehousing currency.
For example, if you’re storing books in the USA and you’re paying for it in USD, you would pay our fixed monthly minimum USD price of $25.
But, let’s say you’re storing books in our Europe's warehouse and you’re paying the storage fees in USD. The price you pay would be our fixed monthly minimum EUR price of €22 converted to USD.
To set your preferred warehousing currency for storage fees, go to Warehouse > Settings.