How it works
After delivering a load, the carrier submits the signed Bill of Lading and rate confirmation to the broker and opts into Quick Pay. The broker processes the payment within 1–5 business days, minus the Quick Pay fee.
Who uses it
Carriers working directly with brokers that offer Quick Pay programs and needing faster payment than the standard terms.
Why it matters
Quick Pay and factoring solve the same problem — slow broker payment — with different economics. Quick Pay fees are often lower than factoring fees but only work per broker, per load. Factoring covers every load regardless of the broker's program.
In Rig Terminal
Rig Terminal's 24-hour factoring works across all brokers and doesn't depend on the broker offering a Quick Pay program. For loads with cheap Quick Pay options, carriers can opt out of factoring on a per-load basis.
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