Beyond Borders: Simplifying Global Payments for Crew Members

ShipMoney fills a structural gap — no international ACH equivalent — by instantly funding FDIC-insured crew e-wallets instead of slow, costly wires.

• No international direct deposit: Stuart Ostrow says there's "no such thing as international direct deposit," forcing crew payments onto costly, slow wire transfers absent ShipMoney's e-wallet.
• B2B/B2C model, no custody risk: ShipMoney contracts with employers (ship managers, owners, charterers, cruise lines) to fund e-wallets instantly; it never touches client money and doesn't handle remittances directly.

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