CargoFin is the trading name of Cargo Card (Pty) Limited, was formed way back in March 1994, to provide a payment system, to the shipping industry, in South Africa.
Initially, a plastic Cargo Card was issued to authorised Buyers and was used extensively to settle freight payments due, to the like of Safmarine, Mediterranean Shipping Line (MSC), Maersk and Lufthansa.
The dynamic has changed and financial directors who had sleepless nights worrying about their messengers driving around with a Cargo Card in the pockets, worth millions of rand, can sleep easy.
Enter
CargoFin, no plastic, just the
CargoFin Disbursement Manager dashboard, from which to effect and track payments, using your all-important file reference, with mandates that suit your business model. Anyone authorised by a
CargoFin Buyer, can load a payment, but payments need to be authorised by one, or two, mandated employees. The
CargoFin Buyer mandate can allow for a single authorisation, up to a limit and, two authorisations, for any amount above the single mandate limit. For instance, it doesn’t make sense for two employees to get involved in a simple say, R150 document handover fee, as this simply wastes time. With a larger number, you decide, a second authorisation will be required, to release the payment to the
CargoFin Merchant.
With
CargoFin, the
CargoFin Merchant is able to use their
CargoFin Receipts dashboard to confirm Cargo Receipts, advised by the Buyer, real-time. No waiting from a Friday afternoon, with containers say, potentially going on overstay, until the
CargoFin Merchant is able to confirm the payment has reached their account, on the Monday morning.
Apply for the
CargoFin Disbursement and/or
CargoFin Receipts Manager,
by clicking here.