ShipMoney introduces Money Transfer Scheduler

(Posted on 11/07/21)

Maritime Payment Solutions, LLC (ShipMoney), a global provider of digital payment solutions for maritime companies, has launched the ShipMoney Money Transfer Scheduler. This new feature allows seafarers to preschedule automated transfers from their ShipMoney cards to bank accounts, companion cards, as well as for cash pickup via MoneyGram, TransFast and soon, Western Union. By using the ShipMoney app or website, crew have the option to create scheduled transfers when a payroll deposit is made, or select the day and amount to be transferred for each beneficiary. They also have the ability to set a single or recurring transfer. There is no limit to the number of transfers that can be prescheduled, and once confirmed, they will occur automatically, regardless of whether the seafarer has an internet or Wi-Fi connection. With the Money Transfer Scheduler, crew gain significant flexibility and control over their money. Commenting on the new Scheduler, Stuart Ostrow, President of ShipMoney said, “We believe that ShipMoney is the only program in the world with scheduling functionality that simultaneously encompasses bank wire transfers, cash payouts, card-to-card transfers and—in the near future--mobile top-ups. It empowers seafarers to schedule transfers and cash payouts at a time that is convenient for them, providing the ability to select different modalities, different amounts on different days to multiple beneficiaries. The Money Transfer Scheduler also benefits shipping companies as it reduces their administrative burden by shifting the responsibility of money transfers to their crews. It is a prime example of how digital payment solutions are revolutionizing maritime.” ShipMoney’s payment solutions have been adopted by some of the largest operators within the cruise and commercial maritime sectors, as the cost-savings and increased operational efficiencies of digitalization become increasingly apparent. ShipMoney’s proprietary and innovative platform facilitates crew payroll payments, international corporate remittances, money transfers, mobile top-ups, payroll advances, onboard expenses, and all other forms of shoreside and onboard payments.

Latest News

Positive results for Pacific Basin despite weaker freight market

Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced... Read more

Swedish Club: Geopolitical volatility is new normal for marine insurance

The shipping industry must accept that geopolitical instability is now a permanent part of the operating... Read more

Diverse vessel and market portfolio provides resilience for Algoma

Algoma Central Corporation has reported its results for the three and six months ended June 30, 2025... Read more

Columbia: Compliance must be more than box-ticking exercise

The International Maritime Organization’s Maritime Safety Committee (MSC) has sent a clear message... Read more

DNV and RSI complete study on decarbonising short sea dry bulk fleet

Amid increasing pressure on shipping to achieve the IMO 2050 decarbonization targets, the Responsible... Read more

London P&I Club warns industry over incorrect FIBC loading

The London P&I Club has renewed calls on ship owners, operators and charterers to address potential... Read more

Columbia Group calls for overhaul of maritime training

Columbia Group is calling for urgent reforms in maritime education to address a growing shortage of... Read more

MIS launches as new global media platform

Maritime Information Services (MIS) has officially launched as a global media platform delivering daily... Read more

Russian and Ukrainian seafarers continue struggle with psychiatric fallout of war

Russian and Ukrainian seafarers continue to experience significant psychological strain following the... Read more

Noatum expands global footprint with inauguration of Shanghai office

Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, announced the official... Read more