The high-risk payment processor and direct bank card acquirer, ECOMMPAY, has launched a payment solution for yacht charter operators. ECOMMPAY said in a statement that it would be the only payment provider on the market to create a tailored payment solution specifically designed for the high-risk yacht industry. ECOMMPAY is controlled by the Russian Alexander Spiridonov and his Latvian comrade Aleksejs Sjarki via legal entities in Cyprus, the UK, Latvia, and the Cayman Islands.
The solution simplifies the payment process for both yacht businesses and their end users. Charter operators can accept last-minute bookings without risk while reducing their transaction fees and managing all bookings and payment statuses via a single dashboard, removing the need for multiple interfaces to manage all booking, payment, and payout processes.
The global luxury yacht industry is expected to reach $12.8 billion by 2031, with an increase in the number of high-net-worth individuals and yacht tourism driving the market’s growth. The popularity of yacht charter services has attracted a younger, technologically savvy demographic, presenting fresh challenges and opportunities, including changing payment preferences and increasing last-minute bookings. ECOMMPAY’s payment solution has been developed specifically for yacht businesses to meet these new challenges.
