ShipMoney is an industry leading provider of digital payment solutions for maritime companies throughout the world facilitating crew wages, cash-to-master payments, allotments, international corporate remittances, network payments, money transfers, payroll advances, onboard expenses and all other forms of shoreside and onboard payments.
Maritime Moves Cargo, We Move Payments
IN THE MARITIME INDUSTRY FULL OF PAYROLL CHALLENGES…
Historically, crew have been paid with cash onboard and a wire payment sent home. This is a costly and ineffcient way to administer pay that has not changed in decades.
- Manually reconciling cash advances
- Managing changes to crew bank beneficiaries
- Administering payroll through multiple channels
Cash-to-master
Wires to crewbank accounts
…SHIPMONEY OFFERS INNOVATIVE OPPORTUNITIES & SOLUTIONS
Companies can now offer crew the flexibility to directly manage their wages, giving them instant access and control as to how, where and when they send money home.
- Automate the reconciliation of cash advances
- Allow crew to manage their own beneficiaries
- Administer payroll through a single system
Single file
Real time
Maritime Payment Solutions
CREW PAYMENTS
Reduces cash-to-master and wire costs, enabling crew to receive and access their wages in real-time, anywhere and everywhere.
CORPORATE PAYMENTS
Reduces international wire and foreign exchange costs and administrative burdens to pay suppliers, vendors and agencies.
NETWORK PAYMENTS
Innovative maritime digital payment plaform that transforms the way cross border FX payments are made, offering significant cost-savings and real-time payments.
We Are Everywhere
150,000+
Crew
Cards
1,500,000+
Remittences
Sent
4,400+
Client
Ships
180+
Countries with
transactions
135+
Account Holder
Nationalities
Waypoints
This is the story of ShipMoney.
Join us on the journey of how a simple idea
launched maritime payments into the digital world.
Breakthrough for Cruise Line Industry Stuart Ostrow created OceanPay to provide a fast and safe digital alternative to paying crew in cash using prepaid payroll cards.
Wire Service Innovation We were the first company in the world that integrated a wire service enabling crew to send money home while onboard.
Onboard Printing Pioneer We solved the problem of card logistics by developing onboard card personalization, eliminating the mailing of cards.
Setting the Industry Standard The first maritime card program to be introduced by a major cruise line, setting the standard for industry-wide adoption.
ShipMoney Launches Targeting both the cruise and commercial industries, ShipMoney is founded using a state-of-the art digital platform.
First Cruise Client We successfully acquire a major cruise line as our first Cruise client, based on our experience, vision and technology platform.
Leading in Security ShipMoney is the first company to introduce account security enhancements using one-time passwords and Visa security codes.
Synchronized Data In another industry first, ShipMoney develops real-time bi-lateral data synchronization with a client.
Supporting Crew We innovate again, with a secure, integrated, PCI compliant two-way, customer service messaging platform.
Mobile Phone Top-ups ShipMoney introduces the first integrated mobile top-up service, enabling crew to add funds to 1,000+ mobile operators worldwide.
An App Advance We are the first company to develop a responsive website and integrated mobile app ending the need to push app updates.
On-us Processing We developed an “on-us” authorization and settlement solution for a major partner, saving them over $1 million a year in processing costs.
PIN Updates ShipMoney is the first company to deploy proprietary push technology that updates PIN changes to card chips via ATMs.
Solving with Virtual Cards We were the first maritime program to introduce Visa branded Virtual Cards as an industry solution.
Commercial Industry Adoption The first card program to be introduced by a major ship management company, setting the standard for industry-wide adoption.
Creating the Transfer Marketplace We created a digital marketplace for money transfers, offering real-time cost comparisons across different companies and modalities.
Protecting with Device Registration ShipMoney is the first company to offer device registration as a further security enhancement to protect crew funds.
A Scheduling Innovation We created a universal scheduler, enabling crew to schedule card-to-card transfers, remittances, cash payouts and mobile top-ups.
Solving CTM Crew Advances A revolutionary new service for crew advances coming soon…
Benefits of our Digital Payments Solutions Platform
MINIMIZE COSTS
With ShipMoney, there are no fees/costs to pay crew and you access significant savings on wire-transfer and cash-to-master costs.
MAXIMIZE EFFICIENCY
Pay an entire crew simultaneously with one file. Do away with the administrative burden of coordinating thousands of payments.
ADD VALUE
Seafarers receive the exact amount of their wages in real time on pay day and are supported by a suite of services to help them manage their money.
In Their Words
Just wanted to tell you how satisfied and really happy our crew are with ShipMoney.Capt. T
Tsakos Columbia ShipmanagementThanks for the ShipMoney card, I can send money home, usually cheaper and this is good for me and my family.Aleki S.
Seafarer from SamoaWe are very pleased to offer this system to our crew which allows our seafarers to managed their own payments and reduce the need for cash onboard our ships.Financial Controller
Campbell ShippingThe project has increased safety for our crew as they carry less cash as well as always having the card solution to trust whenever needed.General Manager
Odfjell TankersThe customer service at ShipMoney is beyond amazing. Always 100% excellent.Leon H.
Shipboard Operations SupportI would like to thank you for all of your efforts from myself and my family. Thank you once again to the whole team who made this happen. God bless you and your family from the bottom of my heart.Diego D.
Seafarer from the PhilippinesI just started working on a cruise line and I would like to open an account with you instead of what they are providing me. I had a ShipMoney account from a different company and I know how good you are.Charlotte R.
Crew member from IndonesiaI have told Lillia how amazing your company is and how helpful you have been. Thanks soooooo much for everything. I have very happy crew now.Lilian G.
HR OfficerI greatly appreciate that you always tried to help me very fast and promptly. Have a beautiful day and thank you so much for all of your help.Melody J.
Crew member from MyanmarTo the entire ShipMoney Team who helped me resolve every single issue our crew had. This certainly helped in a big way keep my crew happy and I thank you for the almost instant responses to all of my queries.Vindoh M.
Crew PurserThank you for your prompt assistance and support. You are the best customer support ever.Tabea W.
Crew member from Brazil
Some of our Maritime Industry Clients
There’s no ocean we can’t cross together.
Let us help you today.
