When superyachts are on charter, the crew needs to have access to a large amount of cash to buy provisions for the guests on board. It is inherently unsafe to carry cash in large volumes, there is no transparency with cash and no electronic reporting. At the end of a charter, any remaining cash needs to be given back to the client.
Our prepaid card management platform makes yachts cashless. Our solution allows yacht brokers to segregate accounts and cards for each yacht while still being able to manage all cards centrally. This provides greater visibility on transactions for the management team and allows cash to be made available to yacht crews instantly.
The crew also have full control in managing their cards and are able to extract reporting in real-time.