FACTORING
Get Paid Faster
with Factoring.
When it comes to your cash flow,
Factoring means one less thing to worry about.
Schedule Your FREE Demo!
How Factoring Works.
Once you’ve booked and moved your freight, Factoring allows you to get paid on the invoice right away. In exchange for a low, flat fee, you receive payment on the invoice as soon as the same-day. No need to wait up to 30 days to get paid.
Schedule Your Demo Today
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Experience the Truckstop.com difference.
Factoring
Get Paid faster with factoring
When it comes to your cash flow, Factoring means one less thing to worry about.
A better way to book loads.
“I’m always looking to specifically match a carrier that meets my load requirements. It could be a double drop or RGN or maybe even a hotshot. I’ve had luck finding all that capacity on Truckstop.com’s Load Board.”
─ Patrick Flanagan, Tucker Company Worldwide
"I’m always looking to specifically match a carrier that meets my load requirements. It could be a double drop or RGN or maybe even a hotshot. I’ve had luck finding all that capacity on Truckstop.com’s Load Board."
Patrick
Flanagan,
Tucker Company
Experience the Truckstop.com difference.
Stay organized with the Factoring app.
Factor your loads on the go.
Easily apply for advances.
Get instant broker credit checks.
View your paid and unpaid load history.
Scan your paperwork any time, any place.
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Frequently Asked Questions
Is Factoring different than quick pay?
Essentially, they’re the same. Both offer the benefit of getting paid faster. The benefit of Factoring over Quick Pay is that you will be able to factor every load at a flat rate, no matter the amount (as long as the broker is approved). With Quick Pay, you have more flexibility of which loads you would like to factor but will typically pay a different rate, depending on the broker. Plus, not all brokers have a quick pay program available. To get consistent cash flow, factoring is the better choice because you know exactly when you’ll get paid and at what rate.
What costs are associated with Factoring?
Truckstop.com Factoring charges a low, flat rate with zero added fees or reserve account requirements. We also offer free broker credit checks and a mobile app to help you manage your payments on the go.
Is there a minimum volume required?
No, there is no minimum amount you need to factor.
What is non-recourse factoring?
Non-recourse factoring is a type of factoring that protects you if the broker billed fails to pay the submitted invoice. As long as you are not at fault for the failed payment (e.g. submitted incorrect paperwork), Truckstop.com Factoring will cover the loss.