Ship Chartering or Marine Chartering using marine charters is the act of hiring out a ship or vessel. Ships can be hired out to another individual or company. Borrowing periods are structured as either a Demise charter, voyage charter, or time charter. Marine charters can in essence be as varied and unique as the vessels themselves. They can span a range from the hiring of a sailboat for a romantic sunset on the water, a chartered fishing trip, a luxury yacht for weekend or even a commercial liner for the transportation of goods abroad.
The chartering business is a way ship owners can monetize unutilized vessel time that would otherwise be an expense. Some vessel owners may make use of various “shipbrokers” to increase usage and lessen downtime. The cost of chartering a craft is correlated to the size of the ship and time rented. Costs can range from the thousands up to millions of dollars. Charter operators employ administrative staff and skilled marine operators. Marine chartering businesses run using on premise software and software-as-a-service (SaaS) technology. These applications manage staff like deck hands and general laborers, and handle records for scheduling, maintenance, catering, accounting, invoicing, billing and marine charter payments.
Payment Integrator has direct integrations into the most powerful marine charter scheduling and sales platforms. Our PCI Compliant environment comes equipped with P2PE security and credit card processing devices with the ability to accept e-wallets like Google Pay and Apple Pay. Our hosted payment page (HPP) and restful APIs can facilitate an integrated distribution payment experience with advanced security. Text to pay, email to pay, QR code to pay, tap to pay, dip to pay and swipe to pay and online booking integrations options give marine charters a frictionless credit card and debit card customer payment experience. Our unique tokenization enables the ability to create customer profiles to offer payment card on file options available to clients for deposits, scheduled payments, payment plans and return visits.
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