Quick pay

Quick pay is factoring offered by the broker itself. The discount is typically a small percentage of the invoice for payment in a few days instead of thirty.

It is worth comparing against factoring and against simply waiting. If the load's margin is thin, a few percent off the top is a large share of what you were going to keep.

The decision is only calculable when you know the margin on the specific load rather than the average across the month.

For example, say a load pays $2,000 and the broker's quick pay costs 3% for payment in two days. The fee is $2,000 × 0.03 = $60. If the load cost you $1,700 to run, your profit was $300, so the $60 fee takes $60 ÷ $300 = 20% of what you would have kept.

On a load with $800 of profit, the same $60 is only 7.5% of what you keep. That is why quick pay makes sense on some loads and not others. If you need the cash this week to buy fuel or make the truck payment, it can still be the right call.