Small and medium-sized enterprises receive
unprecedented access to instant $10,000 credit lines* and in-platform secure
online payment options offering credit card and online bank
transfers (ACH Debit) with the ability to pay up to 90 days from
the cargo delivery date
NEW
YORK, June 21, 2023 /PRNewswire/ -- Ship4wd, a
leading global digital freight forwarding solution platform, today
announced an industry first-of-its-kind financial services offering
with the debut of three new financing and payment features,
addressing one of the most prominent issues small and medium-sized
businesses (SMBs) importers and exporters are facing today—cash
flow management, a challenge often considered the glass ceiling for
growth to many SMBs. As economic headwinds continue to surge, SMBs
continue to battle significant financial friction that poses a
roadblock to their growth and long-term sustainability. With its
new financing solutions, Ship4wd is the first and only digital
freight forwarder to create a comprehensive online financial
solution specifically designed to combat decades of disparities in
the sector.
With this announcement, Ship4wd becomes the first and only
freight forwarder that will grant SMB importers and exporters an
instant $10,000 USD credit line*.
Furthermore, the company has launched a 'buy now, pay later'
offer that enables SMBs to pay for shipments up to 90
days after delivery. Combined, these financial offerings
provide unprecedented and much-needed cash flow relief for
SMBs that are typically required to prepay for
global shipments, tying up much-needed finances for extended
periods of time. Additionally, to make payments easy, Ship4wd new
offering will enable online digital checkouts that provide business
owners the ability to pay with a credit card or direct debit (ACH
debit) similar to any other online purchase—a significant shift for
an industry otherwise heavily reliant on a paper trail of
documentation.
"We're proud to offer industry-leading access to instant
$10,000 credit lines*, 'Buy Now, Pay
Later' 90-day post-delivery payment terms and fully digitized
online payment options for our customers. When examining these
financial services collectively, there is no other digital freight
forwarder doing all of this. Our goal at Ship4wd is to make the
freight forwarding experience less complex, especially for small
and medium-sized business owners, as our team strives to keep their
needs at the heart of everything we do," said Carmit Glik, CEO of Ship4wd. "It's our mission
to ease the burden of global shipping and financing off the
shoulders of business owners to enable them to focus on the growth
of their business. Today we are setting a new industry standard and
advocating for small and medium-sized businesses."
Ship4wd ensures its customers—no matter their size—receive a
timely, cost-accurate, and properly documented journey for all
general cargo categories. The new services are in partnership
with 40Seas, a best-in-class financial services platform built to
bring B2B payments and cross-border trade financing into the
digital era, and include a series of new offerings, such as:
- Financing for Small and Mid-sized Businesses—Instant
$10,000 USD Credit Lines*:
Ship4wd is enabling small and mid-sized businesses- which typically
face being underbanked or unbanked- greater opportunity to compete
and thrive amidst today's economic climate as the first freight
forwarder offering instant $10,000
credit lines* - subject to meeting eligibility conditions- for
those who register on the global shipping platform. Ship4wd
recognizes access to credit is often a lifeline for business owners
to grow—allowing them to order more inventory, invest in marketing,
enhance customer service, or allocate funds to other aspects of
their operations—which is why the company has introduced this
credit line* financing service in hopes of revolutionizing and
sparking a movement across the industry. Ship4wd is changing
industry standards not only by granting instant access to a credit
line* upon registration but also with no pre-payments, no
collateral, and no guarantee required from the business. Business
owners will also be able to request additional credit.
- 'Buy Now, Pay Later'—Flexibility of Paying Up to 90 days
From Delivery Date: Ship4wd has launched a freight
forwarding financial solution called 'Buy Now, Pay Later' that
allows companies the flexibility of paying up to 90 days from the
delivery date, turning the tide on an antiquated prepayment model.
Among the most prominent problems small and mid-sized businesses
face when importing or exporting goods is managing cash flow—an
issue that intensifies due to commonly held international shipping
standards that require SMBs to pay before their cargo even sets
sail. SMBs who take advantage of Ship4wd's 'Buy Now, Pay Later,'
feature will be rewarded with a competitive edge against those who
continue to prescribe to outdated practices or a "this is how I've
always done things" mentality.
- Secure Online Payments and Checkout—Simple Credit Card
Payments and Online Bank Transfers (e.g. ACH Debit) for All
Shipments: Customers can now access the majority of banks
across the U.S. and Canada or
leverage all major credit cards to complete their transactions
through Ship4wd's platform. This digitization marks a significant
shift in the shipping and logistics industry that has traditionally
required business owners to utilize paper checks and outside
banking vendors. Through Ship4wd's secure online payments and
checkout, business owners can pay with credit card, direct debit
(ACH debit), or online bank transfers for each of their
shipments.
A part of ZIM Integrated Shipping Services Ltd. (NYSE: ZIM),
Ship4wd provides enhanced solutions through a full-service
dashboard so business owners can make more informed decisions; time
savings with quicker turnaround of guaranteed price quotes,
comparisons, and bookings; and 24/7 one-click access to live expert
support and industry insiders throughout the entire process.
For more information, please visit www.ship4wd.com.
*Credit lines are subject to eligibility.
About Ship4wd
Ship4wd is a best-in-class
digital-first freight solution that gives small businesses the
personal freedom, ease and control to better manage their imports
and exports. With full end-to-end visibility and built-in
flexibility, Ship4wd is helping businesses to progress and
thrive.
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SOURCE Ship4wd