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ShipMoney introduces brand-new team repayment solutions

marinesalvage by marinesalvage
June 15, 2021
in News
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Stuart Ostrow, President of ShipMoney: “We are all deeply concerned about the struggles seafarers are facing and are doing everything possible to help them and their families during this crisis.”

Fort Lauderdale, Fla., headquartered Maritime Payment Solutions, LLC (d/b/a ShipMoney) has actually presented 2 brand-new solutions created to accelerate repayments to team participants and also their family members while offering a wide variety of compensation choices– ShipMoney Virtual Cards and also the Transfer Marketplace.

ShipMoney’s Virtual Card service makes use of Visa’s online card innovation, which allows team participants to instantly access their salaries from throughout the globe while onboard or in the house, straight from the ShipMoney App

ShipMoney Virtual Cards basically supply the exact same function performance as a physical Visa card, enabling seafarers to send out cash, start mobile top-ups and also card-to-card transfers, in addition to store online and also utilize their ShipMoney Virtual Cards with mobile purses. Crew participants likewise have the choice of getting a physical card and also friend cards for friends and family.

“We are all deeply concerned about the struggles seafarers are facing and are doing everything possible to help them and their families during this crisis,” stated Stuart Ostrow, President of ShipMoney “Our Virtual Card service and also Transfer Marketplace supply effective and also affordable methods for business to pay their team in real-time, allowing them to pay out salaries at even more regular periods. Money is swiftly positioned in the hands of team and also their family members at once when they quickly require it.

“As the industry moves away from cash-to-master and is searching for digital solutions, the COVID-19 pandemic has markedly accelerated interest in card and digital payments. The trend is underscored by GAC’s announcement last week of the suspension of cash-to-master services in Singapore. Our Virtual Card solution is easily implemented, scalable across the globe and offers significant cost savings compared to how the industry currently administers crew wages via cash-to-master and wire payments sent to home bank accounts.”

A 2nd function being presented by ShipMoney is the Transfer Marketplace, an exclusive online system that allows seafarers to straight access several compensation companions prior to sending out cash, contrasting costs, expenses, and also shipment times, and also highlighting the least pricey choice.

“Our objective at ShipMoney is to provide the tools maritime companies need to not only address the current global challenge, but to equip them to thrive in a virtual tomorrow,” statedOstrow “Empowering these companies and their crew is essential to our mission.”

Source of This New.

Tags: COVID-19crew paymentsMaritime Payment SolutionsShipMoneyStuart Ostrow
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