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Digital Freight Finance for Brokers

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Broker Factoring and Quick Pay

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.

Brokers Thrive

  • Offer Quick Pay to your carriers
  • Get your broker margin in 1-day
  • Digitize your carrier payments
  • Automate your back office
  • Free payment software
  • Lowest effective rate
  • Free TMS integration
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Brokers Thrive

  • Get your broker margin in 1-day
  • Offer Quick Pay to your carriers
  • Digitize your carrier payments
  • Free automation software
  • Integrate into your TMS
Request a Demo

Frequently Asked Questions

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 a 5% reserve AND once trust is built over the onboarding and ramp-up period the 5% reserve holdback can be eliminated.

 

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’s broker factoring is the most cost-effective program available in the market.

Due to the unique way the program is designed the average effective rate is less than 1.5%.

All payments are processed as FREE same-day or next-day ACH and there are no extra fees for standard transactions.

Wire transfer is also available if required for a small flat fee and checks are available upon request for free as well.

 

Additional digital payment method options are regularly being added free of charge.

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.

No. You select invoice to invoice, load to load, whether you’d like us to quick pay you or your carrier or both. You can also elect to have us process your invoice as non-factored for a flat $5.00 fee and just leverage our invoicing automation.

In some cases, the fee can be reduced or waived for this depending on your account. You can also select to only use HaulPay for certain customers you have and omit others as you see fit.

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.

 

We are the only true non-recourse factoring option for Brokers in the market. 

Once you submit and approve a funding request payments are sent the same or next day. Depending on what payment speed your carrier is set to they will either receive a quick pay or a payment at a future scheduled date no later than 30 days after approval.

We want to make sure you have a good experience and that the service and product is right for you. We do require that you have some current monthly invoice volume or projected volume with definable customers to get started. If you have a team with strong freight experience but no current volume you may still be approved for HaulPay factoring for brokers. 

We also have self-finance features that gets you all the benefits of our payment and credit technology while using your money as the funding source.

 

We can help you turn your quick pay program into a profit center overnight.

 

You can learn more about our payment facilitation options here on our site. 

Client Reviews

Built by Freight Experts For Freight Warriors

Wicker Park Logistics

The team at HaulPay continues to impress with their ability to reshape what it means to be a factoring partner. From seamless integrations, to capacity matching from within the system, their heavy investments into the technology platform and engineering team are abundantly clear.
Nathan

LIWMI LOGISTICS

Haulpay has been a fantastic partner for us. Their offering in the factoring industry is the best that we have seen, and the support that we receive from their staff is exceptional and personal. We made an excellent decision in working with them and we look forward to growing with them for years to come.
Randy

Magnum Transport Services

I have had nothing but success working with the HaulPay system. Their pricing can't be beat, if you don't believe me try it yourself, I gaurantee it! Give me a call I happy to share my experience.

Eddie

“We selected HaulPay for a variety of reasons…their strong API technology and TMS integration. Great flexibility and transparency of the payment process for carriers and options they can select for speed of pay. Visibility to information for carriers and their factoring companies. Very good fraud prevention and detection processes for carrier payment and setup, plus integrations with key vendors for FMCSA data and ongoing carrier monitoring. Perhaps most importantly, the team supporting us is focused on quality, addressing topics timely, and being open to ideas that could improve processes for all parties.”

 

Mark Christos, President, SolvLogix

TIA Chair of the Board

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Our awesome team and technology is poised to ensure your success. Let’s get started today!

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