How QuickPay Works: Step-by-Step Guide
Get paid in 2-5 days instead of 30-45. Learn exactly how broker QuickPay works, what it costs, and when to use it vs. factoring.
O TruckingHow QuickPay Works: Step-by-Step Guide for Truckers
What is QuickPay?
QuickPay is a broker-offered payment option where you pay a small fee (usually 1-3%) to receive payment in 2-5 days instead of the standard 30-45 days. It's handled directly by the broker—no third-party factoring company required.
The QuickPay Process: 5 Steps
Deliver the Load & Get POD Signed
Complete your delivery as normal. Get the Proof of Delivery (POD) signed by the receiver with date, time, and signature. Take photos of everything.
Pro Tips:
- Clean, legible signature is critical
- Photo the BOL, POD, and delivery receipt
- Note any damage, shortages, or issues
Submit Documents to Broker
Send your signed POD, rate confirmation, and invoice to the broker. Most brokers have online portals or accept email submissions. Submit ASAP after delivery.
Pro Tips:
- Submit same day for fastest processing
- Use broker's preferred submission method
- Keep copies of everything you submit
Request QuickPay Option
When submitting paperwork, select the QuickPay option. Some brokers require you to opt-in before booking the load. Others let you choose at invoice time.
Pro Tips:
- Check if QuickPay was agreed on rate con
- Some require pre-registration for QuickPay
- Confirm the fee before requesting
Broker Processes & Approves
The broker reviews your documents, verifies delivery, and processes the QuickPay request. This usually takes 1-2 business days for verification.
Pro Tips:
- Clean paperwork = faster approval
- Missing docs delay everything
- Disputes void QuickPay eligibility
Receive Payment (2-5 Days)
Once approved, payment is sent via ACH or check. QuickPay typically pays in 2-5 business days instead of the standard 30-45 days.
Pro Tips:
- ACH is faster than check
- Fee is deducted from payment
- Confirm your banking details are correct
QuickPay vs Standard Pay vs Factoring
| Payment Type | Timeline | Fee | Best For |
|---|---|---|---|
| Standard Pay | 30-45 days | $0 (0%) | Carriers with strong cash flow |
| QuickPay | 2-5 days | $25-50 or 1-3% | Occasional fast payment needs |
| Factoring | Same/next day | 2-5% | Consistent fast payment needs |
Cost Example: $3,000 Load
Standard Pay
$3,000 in 30-45 days
Fee: $0
QuickPay (2%)
$2,940 in 2-5 days
Fee: $60
Factoring (4%)
$2,880 in 1 day
Fee: $120
Major Brokers with QuickPay
| Broker | QuickPay | Fee | Timeline |
|---|---|---|---|
| C.H. Robinson | 2% or flat fee | 2-3 days | |
| TQL (Total Quality Logistics) | 1.5-2% | 2-3 days | |
| XPO Logistics | 2% | 3-5 days | |
| Landstar | 1.5% | 3 days | |
| Echo Global Logistics | 2% | 2-3 days | |
| Coyote Logistics | 2% | 3-5 days | |
| J.B. Hunt | Varies | 3-5 days | |
| Uber Freight | 0-2% | 1-2 days |
* Rates and timelines may vary. Always confirm with the broker before booking.
QuickPay: Pros & Cons
Pros
- Faster payment (2-5 days vs 30-45)
- No third-party factoring company involved
- Simple, straightforward process
- No long-term contracts or commitments
- Use it only when you need it
- Lower fees than factoring for occasional use
Cons
- Not as fast as factoring (2-5 days vs same day)
- Fee reduces your profit per load
- Not all brokers offer QuickPay
- Must request separately for each load
- Some brokers have high QuickPay fees
- No credit protection if broker defaults
When Should You Use QuickPay?
✓ Use QuickPay When:
- • You need cash for fuel, repairs, or bills this week
- • The broker's QuickPay fee is low (under 2%)
- • You don't want a factoring contract
- • It's a one-time or occasional need
- • You're working with a trusted broker
✗ Don't Use QuickPay When:
- • You need same-day payment (use factoring instead)
- • The fee is over 3% (factoring may be better value)
- • You need fast payment on every load consistently
- • You want credit protection from broker non-payment
- • The broker doesn't offer it or has a bad reputation
Pro Strategy: Use Both
Many smart carriers use both QuickPay and factoring. QuickPay for trusted brokers with low fees. Factoring for same-day payment, new brokers, or when you need credit protection. See our Factoring vs QuickPay comparison.
Frequently Asked Questions
How long does QuickPay take?
QuickPay typically pays in 2-5 business days after you submit complete paperwork. Some brokers like Uber Freight pay even faster (1-2 days). This compares to 30-45 days for standard broker payment terms.
How much does QuickPay cost?
Most brokers charge 1-3% of the invoice amount or a flat fee of $25-50. For a $2,000 load at 2%, that's $40. Compare multiple brokers as fees vary significantly.
Do all brokers offer QuickPay?
No. QuickPay is optional and not all brokers offer it. Larger brokers like CH Robinson, TQL, and Coyote typically offer QuickPay. Always ask about payment options before booking a load if fast payment is important to you.
Can I use QuickPay with factoring?
Generally no—you use one or the other for a specific invoice. If you have a factoring company, you typically factor all invoices through them. However, some carriers selectively factor some loads and use QuickPay on others.
Need Help with Payment Options?
Our dispatch team can help you navigate QuickPay, factoring, and payment options to maximize your cash flow. We negotiate the best rates and payment terms.