for international wires?
costs are and how much idle cash
is maintained onboard?
ShipMoney is an industry-leading provider of payment solutions for maritime companies throughout the world. We develop efficient, customized cost-saving programs for crew, vendors and suppliers facilitating crew payroll payments, international corporate remittances, money transfers, mobile top-ups, payroll advances, onboard expenses and all other forms of shoreside and onboard payments.
Many years ago, the Founder Stuart Ostrow had a simple idea – to develop a business providing an alternative solution for how crew members in the cruise line industry received their pay who historically were paid in cash. That simple idea has evolved to providing the industry with a comprehensive and cost-effective platform for international maritime payments.
Our values as an organization, our passion, commitment to excellence, and dedication to our clients and crew members stem from the personal experiences of our founder, Mr. Ostrow was a pioneer in the initial development and introduction of payroll card programs for the cruise line industry and was a key driver in their widespread worldwide adoption. The original objective of that business was to develop a better solution for how crew members in the cruise line industry were paid. This cumulative experience provided the cornerstone for the development of ShipMoney as a business. We have evolved into providing the global maritime industry with a comprehensive and cost-effective integrated platform for international corporate and crew payments.
ShipMoney is the first company to introduce a true Virtual Visa Card solution to the maritime industry. This solution can be rolled out instantaneously across a worldwide fleet offering crew access.
Clients who introduce the ShipMoney Virtual Card solution can offer crew members the ability to obtain a physical card for themselves or family members.
ShipMoney has partnered with Western Union, MoneyGram, Transpay and other providers providing crew with the most robust remittance platform in the industry.
ShipMoney has partnered with Afex – Associated Foreign Exchange to develop the next generation integrated wire service for crew members offering clients and crew unique functionality.
ShipMoney has developed a proprietary integrated system that enables crew to request funds in multiple currencies directly from their account to be cashed out onboard.
Crew members can use their Virtual card to purchase goods and services online with have to obtain a physical card.
This is a highly proprietary development project that will fundamentally change cash to master in the industry.
Historically, crew have been paid with cash onboard and a wire payment sent home, a very costly and inefficient way to administer onboard pay that has not changed in several decades.
ShipMoney enables employers to offer crew the flexibility to directly manage their wages providing them with immediate access and control anywhere and at any time in a very cost-efficient manner.
With ShipMoney, you can deposit, hold and manage over 100 currencies within a singular account simultaneously. Send payments worldwide 24/7 with our online platform or process bulk payments with our simple file upload functionality.
With ShipMoney, you can automate payments by integrating your finance and accounting systems with our corporate payment system. With our API library, you can convert and send funds instantaneously, book trades in advance or distribute payments worldwide.
With ShipMoney, you can minimize exposure to the Fx market including forward contracts or Fx option structures designed to protect your profits and take the pain out of global trade.
ShipMoney is a privately held Florida based company and is an operating subsidiary of Global Technology Partners, LLC (GTP). GTP is one of the largest international core prepaid payment processors in the world providing processing and program management services to over 80 banks in 30+ countries.
The business supports over 2 million active prepaid accounts with deposits approaching $2 billion annually. GTP is a privately held Visa and MasterCard certified company based in Tulsa, Oklahoma principally owned by the Merrick Family Trust with minority interests owned by GTP’s executives and Argonaut Private Equity, a $3 billion private equity firm
Our team is responsive, resourceful, and committed to providing the right solutions for you. We’re quite sure you’re going to enjoy seeing how they simplify your life!
It is ALWAYS about the crew.
They work for our clients and we work for them.
This is a relationship business.
We foster and invest in relationships with our clients, vendors and partners.
Technology is important.
People are more important.
Development is not an end game.
We are constantly improving ShipMoney to provide unparalleled payment solutions.
We’d love to talk with you about how your crew members, vendors and suppliers are paid today, and how our payment solutions can reduce your remittance costs and simplify your international payments.
Please fill out the short form below and we will be in contact shortly.