ShipMoney is a handy payroll solution tailored for seafarers, offering financial flexibility and reducing transfer costs.
- Instant Global Access: With ShipMoney, seafarer can access their payroll advances and wages instantly on a global scale. It is your financial lifeline wherever you are in the world.
- International Convenience: Say goodbye to the hassles of dealing with physical cash. ShipMoney is accepted at all locations where VISA is accepted, making life on the high seas much more convenient.
- Money Management: Seafarers can use their ShipMoney accounts for wire transfers, transfers via Western Union and MoneyGram, as well as for online shopping.
- Companion Cards: ShipMoney also allows seafarers to add companion cards to their account. With companion cards, seafarers can enjoy seven free card-to-card transfers every month. In addition, the first wire each month is free of charge. Each transaction is limited to USD 20,000, allowing seafarers to remit up to USD 240,000 per year at no cost. For details on fees for additional monthly wires, please refer to the section in this guide titled “What are some of the fees?” and the ShipMoney brochure. This, combined with the fact that most transfers are less expensive compared to a bank, makes managing finances more cost-effective.
