ShipMoney understands the unique financial circumstances facing the maritime industry. That’s why we created an easy-to-integrate payments platform that reduces operational costs, improves working capital and mitigates risk.
Lower your payment and remittance costs, remove cash onboard, and make administration and compliance simpler with a fully customizable solution backed by exceptional client support.
Operators who empower their crew with digital payments are thetype of employers who can attract and retain talent. WithShipMoney, seafarers enjoy instant and transparent access to theirwages and payroll advances – anywhere, anytime. Maritime Payment Simplified.
Crew receive 100% of theirwages on payday
Crew can obtain cash fromthe global ATM network
Crew members can sendremittances worldwide
Crew can shop online, at stores,restaurants and more
Instantly fund via the mobilewallet in our app
Move money betweenShipMoney cards in just one tap
Send and receive cash payouts viaWestern Union or MoneyGram
All types of payments can bescheduled ahead of time
Add and remove beneficiariesanytime through the app
Fund companion cardsinstantly for family membersat home
Support available 24 hours aday, 7 days a week
ShipMoney will reduce the time and costs to administer and manage your onboard payroll process while offering a new benefit to your crew. With our purpose-built and integrated maritime payments platform, you can instantly pay crew worldwide, reducing your CTM and wire costs while streamlining the payroll process.
Companies can pay globalemployees in real-time
Companies will reduce CTMand wire costs
Companies will streamline theirpayroll process
Companies can introduce theProgram as a benefit
One of the biggest cargo operators at sea runs a fleet of more than 300 vessels that each have their own expense account called a Ship Welfare Fund (SWF). Traditionally, SWF expenses were paid in cash, so receipts had to be tracked, reconciled manually and reviewed by corporate accounting – a tedious, time-consuming and error-prone process. The client asked ShipMoney to solve pain points for both masters and management by creating a digital payment solution for SWFs.
Established in 1984, V.Ships is a global ship management company that offers technical services, risk management, procurement and financial services for the tanker, balker, container, offshore and Leisure sectors.
Tsakos is one of Greece’s most storied maritime families. What started a half century ago with Captain Panagiotis Tsakos has grown into a group of successful companies that perform maritime transportation services around the world. In 2018, Tsakos partnered with ShipMoney to reduce cash-to-master expenses and provide crew members with enhanced benefits.
Odfjell operates more than 80 ships that move volatile materials by sea. In any given month, each ship was carrying an average of $30,000 in cash and Odfjell was processing $4-5 million in cash-to-master transactions annually.
ODFJELL case study
How does one of the largest container operators instantly fund SWF’s around the world?
One of the biggest cargo operators at sea runs a fleet of more than 300 vessels that each have their own expense account called a Ship Welfare Fund (SWF). Traditionally, SWF expenses were paid in cash, so receipts had to be tracked, reconciled manually and reviewed by corporate accounting – a tedious, time-consuming and error-prone process. The client asked ShipMoney to solve pain points for both masters and management by creating a digital payment solution for SWFs.
Established in 1984, V.Ships is a global ship management company that offers technical services, risk management, procurement and financial services for the tanker, balker, container, offshore and Leisure sectors.
Tsakos is one of Greece’s most storied maritime families. What started a half century ago with Captain Panagiotis Tsakos has grown into a group of successful companies that perform maritime transportation services around the world. In 2018, Tsakos partnered with ShipMoney to reduce cash-to-master expenses and provide crew members with enhanced benefits.
Odfjell operates more than 80 ships that move volatile materials by sea. In any given month, each ship was carrying an average of $30,000 in cash and Odfjell was processing $4-5 million in cash-to-master transactions annually.
There’s no ocean we can’t cross together.
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We’ve love to give you a personal demo of the company dashboard (“company control centre”) to show you how easy it is to manage the crew salary process with our E-Wallet.
If you’re not ready for that yet, please check out our home page for shipping companies.
If you are a seafarer / member of crew / customer:
Please don’t use this form. The quickest way for you to get your questions answered, or for customers to get help, is to email: [email protected]