PayCargo

PayCargo is the number one financial platform for moving money and vital remittance information between payers and vendors.

For more information about PayCargo, visit paycargo.com

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PAYCARGO CAPITAL CREDIT FACILITY HELPS KEEP FRESH PRODUCE SUPPLY CHAIN MOVING


Fresh produce growers, importers, exporters, distributors, and shippers manage their cash flow while securing the immediate release of their perishable cargo from refrigerated warehouses, airlines, and ocean lines

Coral Gables, Florida, USA, Thursday June 18th 2020 : PayCargo Capital, a sister company of the global online payment platform PayCargo, is working with businesses in the fresh produce supply chain to provide fast and flexible financing for the movement of perishable cargo.

Customers of PayCargo in North America can apply for credit of USD50,000 to USD2,500,000 for a 15 to 45-day period.

“The use of the PayCargo platform with financing from PayCargo Capital has dramatically helped fresh produce companies, as managing cash flow, paying for daily transportation and related invoices, and the immediate release of cargo are critical elements of their business operations,” said Philip Philliou, Chief Executive Officer of PayCargo Capital.

PayCargo Capital is a member of the Southeast Produce Council.

PayCargo Capital’s credit facility is being used by PayCargo customers from across the supply chain, to pay for ocean, airfreight, cross border freight, warehouse and Customs fees, and other transportation-related expenses.

More than 2,500 transportation-related Vendors in North America accept payments via PayCargo’s online portal.

“With the click of a button, we pay Crowley Logistics, Seaboard Marine, Dole Ocean Cargo Express, King Ocean Service, and our port fees through PayCargo,” said Ricardo E. Roggiero, Chief Financial Officer of Freshway Produce.

“PayCargo Capital has been an invaluable partner of ours in terms of providing financial flexibility.”

Under the facility, PayCargo Capital pays all freight charges up front, reclaiming the appropriate funds electronically from the PayCargo customer in the agreed timeframe.

“Working with PayCargo Capital assures us that our ginger, yams, and sweet potatoes will not get held up at the port in the USA and Canada,” said Bernardo Caldas, Executive Director of Canada-based, Caldas Family Farm.

PayCargo Capital customers receive all of the expedited cargo release benefits of PayCargo, while deferring their Vendor payments to better manage their cash flow and working capital.

Visit paycargocap.com for more details and click here to see how the service works.

About PayCargo

PayCargo is the number one financial platform for moving money and vital remittance information between payers and vendors.

PayCargo’s online solution allows you to move cargo quicker and reduce payment costs more than any other platform available. Our patented technology effortlessly registers your company so that you can immediately start making payments to your freight vendors.

We have over 4,000 vendors in our network including major ocean carriers, air cargo providers, and hundreds of terminals and CFS stations. Over 1,000 of these vendors release the cargo within an hour after receiving the “Payment Approval” alert from PayCargo. All other vendors release cargo no later than the next morning.

PayCargo makes it as easy as Ship, Click, and Pay.

For more information about PayCargo, visit paycargo.com

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PAYCARGO CAPITAL CREDIT FACILITY HELPS KEEP FRESH PRODUCE SUPPLY CHAIN MOVING

Fresh produce growers, importers, exporters, distributors, and shippers manage their cash flow while securing the immediate release of their perishable cargo from refrigerated warehouses, airlines, and ocean lines

Coral Gables, Florida, USA, Thursday June 18th 2020 : PayCargo Capital, a sister company of the global online payment platform PayCargo, is working with businesses in the fresh produce supply chain to provide fast and flexible financing for the movement of perishable cargo.

Customers of PayCargo in North America can apply for credit of USD50,000 to USD2,500,000 for a 15 to 45-day period.

“The use of the PayCargo platform with financing from PayCargo Capital has dramatically helped fresh produce companies, as managing cash flow, paying for daily transportation and related invoices, and the immediate release of cargo are critical elements of their business operations,” said Philip Philliou, Chief Executive Officer of PayCargo Capital.

PayCargo Capital is a member of the Southeast Produce Council.

PayCargo Capital’s credit facility is being used by PayCargo customers from across the supply chain, to pay for ocean, airfreight, cross border freight, warehouse and Customs fees, and other transportation-related expenses.

More than 2,500 transportation-related Vendors in North America accept payments via PayCargo’s online portal.

“With the click of a button, we pay Crowley Logistics, Seaboard Marine, Dole Ocean Cargo Express, King Ocean Service, and our port fees through PayCargo,” said Ricardo E. Roggiero, Chief Financial Officer of Freshway Produce.

“PayCargo Capital has been an invaluable partner of ours in terms of providing financial flexibility.”

Under the facility, PayCargo Capital pays all freight charges up front, reclaiming the appropriate funds electronically from the PayCargo customer in the agreed timeframe.

“Working with PayCargo Capital assures us that our ginger, yams, and sweet potatoes will not get held up at the port in the USA and Canada,” said Bernardo Caldas, Executive Director of Canada-based, Caldas Family Farm.

PayCargo Capital customers receive all of the expedited cargo release benefits of PayCargo, while deferring their Vendor payments to better manage their cash flow and working capital.

Visit paycargocap.com for more details and click here to see how the service works

About PayCargo

PayCargo is the number one financial platform for moving money and vital remittance information between payers and vendors.

PayCargo’s online solution allows you to move cargo quicker and reduce payment costs more than any other platform available. Our patented technology effortlessly registers your company so that you can immediately start making payments to your freight vendors.

We have over 4,000 vendors in our network including major ocean carriers, air cargo providers, and hundreds of terminals and CFS stations. Over 1,000 of these vendors release the cargo within an hour after receiving the “Payment Approval” alert from PayCargo. All other vendors release cargo no later than the next morning.

PayCargo makes it as easy as Ship, Click, and Pay.

For more information about PayCargo, visit paycargo.com