Process
Service Providers
We share information with trusted third parties who assist us:
- Payment processors (for transaction processing)
- Cloud hosting providers (for data storage)
- Identity verification services
- Background check providers
- Insurance verification services
- Customer support platforms
- Analytics and marketing tools
- Email and SMS service providers
These providers are contractually obligated to protect your information and use it only for specified purposes.
Platform Payment Process
Overview
On platform, the payment process is designed to ensure secure and timely transfers of funds between shippers and carriers. The platform acts as an intermediary, using a dedicated platform account to facilitate these transactions.
Payment Flow and Methods
The OSEAS platform facilitates payments between Shippers and Carriers in accordance with the following process:
- Shipper Initiates Payment: Upon selecting a Carrier through the OSEAS platform, the Shipper must pay the applicable freight charges to the Carrier through the platform using the Stripe payment method made available by OSEAS.
Available payment methods may include credit or debit card details and bank account details for electronic funds transfer (EFT/ACH), as supported by Stripe.
The platform fee becomes due and payable immediately upon Carrier selection, and the Shipper authorises OSEAS to charge the nominated payment method via Stripe. - Platform Fee Deduction: Upon accepting a load through the OSEAS platform, the Carrier agrees to pay OSEAS the applicable platform fee.
The Carrier authorises OSEAS to deduct the platform fee from the Carrier’s payout, including from funds processed through the platform via Stripe, prior to release of any balance to the Carrier. - Shipment and Proof of Delivery (POD):The Carrier is responsible for the transportation and delivery of the goods in accordance with the agreed booking.
Following successful delivery, the Carrier must obtain and upload a valid Proof of Delivery (POD) to the platform. The POD serves as the trigger for the release of funds. - Release of Funds:Once the POD has been verified and all applicable conditions have been satisfied—including the absence of unresolved damage claims, disputes, or payment holds—OSEAS will release the applicable funds to the Carrier’s nominated account without undue delay.
- Invoicing and Reconciliation:OSEAS provides both Shippers and Carriers with transaction records, including invoices, receipts, and statements, accessible through the platform.
These records are intended for reconciliation, accounting, and audit purposes.