Broker quick pay vs factoring (2026)
We may earn a fee if you sign up through our links. It never changes our rankings. How we make money
Quick answer
Key takeaways
- Broker quick pay runs 1.5%–5% on the brokers’ own pages, per load, no contract.
- Factoring costs about the same (Outgo publishes 3%) but works across every broker and adds credit checks and collections.
- You generally can’t mix them on one invoice: a factored invoice is paid to the factor.
- Quick pay is pricey credit: our math puts TQL’s 1-day option near 68% a year.
Top picks
What brokers charge for quick pay
| Broker | Quick pay | Fee | On $3,000 | Standard terms | Source |
|---|---|---|---|---|---|
| J.B. Hunt | About 2 days | 1.5%; waived on Carrier 360 bookings | $45 or $0 | 21 business days, no fee | source |
| Werner | Next day / 5 days | 2.5% / 1.5% | $75 / $45 | 30 days | source |
| Schneider | 2 days | 2% | $60 | 30 days | source |
| C.H. Robinson | As little as 2 business days | 2% | $60 | 28 days, no cost | source |
| RXO | Started same day | 2.5% | $75 | 30 days | source |
| RXO AdvancePay | Comchek within 1 hour | 4% | $120 | 30 days | source |
| TQL | 1 day / 7 days | 5% / 3% | $150 / $90 | 28 days | source |
What quick pay really costs
A quick pay fee buys you days. Divide the fee by the days you skip and you get the real price of the money. Our arithmetic, simple annualized, using calendar days and each broker’s published terms:
| Option | Days sooner (approx.) | Per $1,000 per day | Annualized |
|---|---|---|---|
| TQL 1-day, 5% | 27 | $1.85 | ~68% |
| TQL 7-day, 3% | 21 | $1.43 | ~52% |
| RXO / Werner next day, 2.5% | 29 | $0.86 | ~31% |
| C.H. Robinson, 2% | 25 | $0.80 | ~29% |
| Schneider, 2% | 28 | $0.71 | ~26% |
| Factoring at 3% on a 30-day broker | 30 | $1.00 | ~37% |
None of this makes quick pay a bad deal. It makes it a cash-flow tool. Use it on the loads where you need the money, not by default.
Quick pay vs factoring, side by side
| Broker quick pay | Factoring | |
|---|---|---|
| Cost | 1.5%–5% per load (published) | Outgo 3% published; most factors quote |
| Contract | None; choose per load | Varies: none (FactorLoads) to long-term (Bobtail after a 90-day trial) |
| Works with | That one broker | Any approved broker |
| Credit checks on brokers | No | Yes |
| Collections | You | The factor |
| Fuel advance | Some brokers (C.H. Robinson, Werner) | Many factors; see our fuel-advance list |
| Non-payment risk | Yours | Yours (recourse) or the factor’s (non-recourse) |
Bobtail’s FAQ says its 90-day trial rolls into a long-term contract source. If you want factoring without lock-in, read spot and no-contract factoring.
When to use which
- Quick pay: you run mostly for one broker with a low fee, your cash is fine most weeks, and you only need speed now and then.
- Factoring: you work with many brokers, you’re a new authority, you need fuel advances at pickup, or you don’t want to chase slow payers.
- Both: factor most brokers and leave out the one with free quick pay, if your factor doesn’t require every invoice from that broker.
Factors with flexible terms
1. DAT Outgo
Published rate cardOutgo publishes its rates (3% under $18K a month) and states no annual contract with a 15-day cancel notice.
Watch for: Above $80K a month, rates are custom.
Sources: outgo.dat.com
2. Truckstop Factoring
Pick your loads, 30-day exitTruckstop says you don’t have to factor every load, it has no volume minimums or maximums, and 30 days’ notice is all it needs to opt out.
Watch for: The broker must be factorable as decided by Truckstop.
Sources: truckstop.com
3. FactorLoads
True spot factoringFactorLoads lists no contracts or obligations, spot factoring (choose which loads to factor), no monthly minimums and no reserves.
Watch for: Rates are custom quotes.
Sources: portal.factorloads.com
Frequently asked questions
Is quick pay cheaper than factoring?
Sometimes. J.B. Hunt quick pay is 1.5% and is waived on loads booked in Carrier 360, which beats any factor. TQL’s one-day option is 5%, which is more than Outgo’s published 3% owner-operator factoring rate.
Can I use quick pay if I already factor?
Usually not on the same invoice. Your Notice of Assignment tells the broker to pay the factor. TriumphPay’s help page says that if you work with a factor, payments go to the factor on standard 30-day terms.
What does quick pay cost per year?
Because you pay a percent to get money weeks early, it is expensive credit. Our math on published terms: TQL’s 5% to be paid about 27 days sooner is roughly 68% a year; Schneider’s 2% for 28 days sooner is roughly 26%.
Which brokers have the cheapest quick pay?
Of the broker pages we read, J.B. Hunt is lowest at 1.5% (waived on Carrier 360 bookings), then Werner at 1.5% for 5-day pay, then C.H. Robinson and Schneider at 2%.