Payment Processing
Payment processing in maritime context refers to the handling of financial transactions related to shipping and logistics services. This includes the collection of fees for cargo handling, freight charges, customs duties, and other expenses incurred during the transportation of goods by sea. Payment processing also involves the verification of payment information, the transfer of funds between parties, and the reconciliation of accounts. In the maritime industry, payment processing is typically facilitated by banks, financial institutions, and specialized payment service providers.
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