Newark, Delaware – Marine businesses across the U.S. are finally getting paid faster – and keeping more of what they earn – thanks to PV Pay, a new integrated payment solution built specifically for boatyards, boat builders, and marine service providers.
In less than a year, PV Pay has processed over $3 million in payments for marine businesses, significantly improving cash flow and reducing the time and effort spent on manual billing and collections.
The quick adoption of PV Pay highlights the growing demand among marine businesses for faster, easier, and more cost-effective ways to collect payments.
Solving a Long-Standing Problem in the Marine Industry
For many boatyards, builders, and commercial marine operations, the payment process has long been manual, fragmented, and costly. Businesses often relied on checks, phone calls, or third-party payment portals that weren’t tied to their invoicing system – causing errors, delays, and slower cash flow.
“Some yards wait on checks months after the job is done. In many cases, businesses can’t even pass on credit card fees, which cut into already tight margins.” said Michael Cahill, PierVantage Product Manager. “PV Pay changes that.”
A Purpose-Built Solution for Marine Businesses
PV Pay was designed specifically to address these operational pain points.
The solution enables marine businesses to send secure payment links via email, accept digital payments through a branded online portal, and automatically apply those payments to the correct invoices in PierVantage – all with built-in surcharging rules to help protect margins.
Within the first 10 months:
- 14 merchants onboarded, and counting
- Over 1.5K payments processed
- More than 3 million in revenue collected
- Faster collections and improved back-office efficiency reported across clients
Real-World Results
Marine service yards, often dealing with dozens of invoices per week, have seen the biggest impact. Faster payment turnaround, fewer errors, and reduced administrative burden are helping these businesses run more smoothly during their busiest seasons.
“Our clients are telling us PV Pay is a game changer,” said Stephen Bullard, Director of Sales. “They’re saving time, collecting payments faster, and no longer absorbing credit card fees unnecessarily.”
About PierVantage
PierVantage is a leading marine management software solution used by top boatyards, boat builders, and marine service centers.
Built to streamline operations, improve profitability, and scale with business growth, PierVantage supports everything from job costing to billing to integrated payments through PV Pay.