The Best Freight Factoring and Payment Solution For Freight Brokers
Offer quick pay to carriers at various speeds and automate payments
Select which loads you want to factor to get an advance of your own margin
Automate your back office: invoicing, credit risk management, collections and more
HaulPay is a new way to factor. Traditional factoring works when a factoring company buys your invoice less a % fee and typically holds back a reserve of 10-20%.
HaulPay for Brokers only holds back 5% reserve. Once trust is built the 5% reserve can even be reduced or eliminated completely!
You request funding digitally and you have the option to get paid in 1-day for a small flat % fee and we pay your carrier when they want to get paid between 1-day to 30-days.
We also handle paying your carriers and their factoring companies as fast as you want. Invoicing is also automated and you’re only involved when you want to be.
HaulPay is Non-Recourse on credit. If a freight invoice that we factor or advance against does not get paid back because of a credit issue with your customer it’s on us. We only charge back balances if the supporting documentation or data you provide for invoicing is incorrect.
Yes. By ensuring that carriers are always paid between 1 and 30 days on time we’re able to help you either establish strong new broker credit or improve and refine existing credit ratings.
Our awesome team and technology is poised to ensure your success. Let’s get started today!