Voyager Worldwide has teamed up with Caxton, one of Europe’s largest payment card and foreign exchange specialist, to provide Voyager Money, a more secure, efficient and cost effective way to manage Cash-to-Master.
Online electronic transfers remove ship agent fees and eliminate secure delivery costs and bank charges. Better-than-bank foreign exchange rates and savings on cash related insurance premiums help your cash go further still. Simple and transparent up front pricing and no ATM fees makes Voyager Money very easy to budget and manage.
Transferring money to vessels on demand releases the large amount of cash currently sitting onboard not generating value and liberates your working capital.
Voyager Money features in-built MasterCard security to protect you against theft and fraud. You can cancel a card immediately, at any time, if it ever gets in the wrong hands. Less cash on board also reduces the risk of corruption and theft.
Complementary crew cards make crew cash advances and other payments easier to manage and more secure. Simply transfer cash direct to crew’s cards using the online Voyager Money account for instant access anywhere in the world.
Find out how much you could save.
Caxton FX holds all “Client Money” to the standard policy set out in the Financial Conduct Authority’s Client Money rules. This means Caxton FX segregate “Client Money” from the company’s money and holds it separately in an EEA-regulated credit institution. The credit institution has specifically acknowledged that the money in these accounts belong to Caxton FX clients and they have no right of set-off with any of the firm’s balances. This arrangement is designed to ensure that “Client Money” is not at risk in the unlikely event of Caxton FX getting into financial difficulties. These arrangements are checked and verified by Caxton FX’s independent auditors. vfigo.gnsworldwide.com and enter your usual VFI login details.
No. One of the major benefits of using Voyager Money is that funds can be provided on a ‘just in time’ basis. Transferring funds as vessels needs them, keeps your cash in the bank for longer, giving you and your crew a safe, convenient and more cost-effective tool on-board. Protecting you against theft and fraud.
Voyager Money MasterCard can is accepted in 36 million merchants worldwide. There is a small instance where Voyager Money Mastercard will have restrictions; i.e. ports with no ATMs, retail outlets that do not accept MasterCard and places with no internet access. In this instance, there is still a requirement for a small amount of cash to be held on-board the vessel. Voyager Money still saves on ship agent, bank fees and benefits companies from preferential foreign exchange rates.
In regard to China and Nigeria, Mastercard has ATM usage agreements in place with both China Construction bank and ICBC (Industrial and Commercial Bank of China) within mainland China. ICBC is the largest domestic bank with over 170,000 branches (all with ATM’s). Similarly, in Nigeria Mastercard holds partnerships with all major banks including First Bank, Zenith Bank, Guaranty Trust Bank, Access Bank, United Bank of Africa, and Ecobank which means virtually all ATM machines in the country will accept Mastercard.
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