PayCargo LLC, which operates a patented online payment system in the global freight industry providing overnight settlement of invoices between shippers and carriers, has announced its official launch of service in Europe from its newly founded European subsidiary PayCargo Europe B.V., the company said.
PayCargo´s current online solution for Air, Ocean, Trucking, and Warehouses, allows shippers to move cargo quicker in a secure, efficient way to reduce costs associated with payment processing. PayCargo eliminates the traditional resource-intensive system of requesting, printing, mailing or delivering checks, wire transfers or cash, with majority of the vendors releasing the cargo within an hour after receiving the “Payment Approval” alert from PayCargo.
PayCargo is a patented online payments solution for the Ocean, Air, Trucking and Rail industries. PayCargo offers electronic tools that create significant efficiencies by automating the payments process. PayCargo helps companies in the international supply chain reduce operating costs, grow profits, dramatically increase cash flow, and improve overall liquidity. PayCargo, LLC, connects the payer and vendor for immediate transparency to improve payment communication, and allow significant cost savings through automation and standardization.www.paycargo-eu.com