Embedded Payment Gateways: Bringing the future to Freight Payments

Unlock the future of cargo payments with CargoWALLET. Streamline transactions, enhance security, and embrace efficiency in logistics.

Payment Gateways and the Cargo Industry: A Digital Transformation 

In the dynamic intersection of commerce and technology, embedded payment gateways have emerged as a disruptive force, revolutionizing the way businesses handle transactions. Within the realm of cargo logistics, these digital payment gateways are spearheading an innovative transformation, streamlining the entire process of shipment delivery and release. 

Imagine a scenario where a truck driver arrives at the airport warehouse to pick up an urgent shipment. With a swift flourish of their smartphone, they present the warehouse manager with proof of payment – a transaction settled an hour ago.  

The integration of payment facilities into freight booking platforms empowers logistics companies with the potential to supercharge their growth. This approach not only enhances customer satisfaction and retention, eliminating the bottleneck of delayed payments causing shipment hold-ups, but it also paves the way for substantial revenue growth in the long term. 

CargoWALLET – A specialized Payment Gateway for the Cargo Industry  

Among the pioneers of this transformative wave stands CargoAi's CargoWALLET, a dedicated payment ecosystem tailored exclusively for the logistics sector. CargoWALLET enables instant, secure transactions with any vendor anywhere in the world. 

One of the distinctive features offered by CargoWALLET is its ability to seamlessly embed as a Payment Gateway directly into the booking portals of various freight carriers, be it airfreight companies, shipping firms, or trucking enterprises. Utilizing APIs, CargoWALLET empowers logistics businesses to provide their forwarders with a world-class, multi-currency, instant payment experience within the familiarity of their existing procurement framework. This is particularly appealing to small freight businesses seeking more flexible and efficient payment options compared to traditional banking systems.  

The advantages of a specialized Payment Gateway for your business  

In addition to the reasons we’ll outline, CargoWALLET is made for the industry and enables freight forwarders to associate Air Waybill (AWB) or Bill of Lading (BoL) numbers with their payments - facilitating the easy presentation of Proof of Payment to relevant stakeholders with just a few clicks. 

1. Automation: A payment gateway automates the payment process, offering a streamlined and efficient way to handle transactions. Not only does it save time, but we can’t state what a gamechanger it is to be able to to release cargo within an hour of receiving instant payment notifications. Truly bringing ‘future’ capabilities to present day.   

2. Cost Reduction: By eliminating the need for checks and wire transfers, CargoWALLET as a payment gateway cuts down on unnecessary expenses.  

3. Security: ISO27001 adherence ensures that CargoWALLET utilizes robust encryption protocols for a secure transaction, every single time.  

4. Online Visibility: With CargoWALLET, freight businesses benefit from real-time notifications and transparency throughout the payment process. This visibility is invaluable for keeping shippers informed and in control of their shipment status. 

Sustainability: Instant, online payments contribute to sustainability efforts by reducing the need for paper-based transactions.

As a time-delay in releasing shipments become make or break for securing deals, various freight carriers must look to innovated ways to stay ahead in the competitive logistics landscape. Integrated payment gateways is a sure way to retain customer trust in delivering a reliable service without any bottlenecks.

To learn more about how CargoWALLET can help transform your payment processes, download the brochure.