Quick pay is offered by two-thirds of freight brokerages with $10m to $50m in yearly gross revenue. Some brokerages have ended it all together due to fraud, others only offer it to regular carriers. Another reason is that factoring has become much more affordable for carriers.  

What is important for any successful quick pay program though is security. Most freight brokerages can’t afford to quick pay a fraudulent carrier, only to find out weeks later they are also on the hook to pay the real carrier.

The most popular terms are as follows, 1-day at 5%, 3-days at 3%, and then 1-day at 3%. The worst term was 1-day at 8%.

Unlimited Plan subscribers to Brush Pass Research have access to TMS profiles, plus more brokerage details added daily! And the ability to download the entire database at anytime! 

As a reminder these are just some of the searches you can perform to find and close your next massive deal! 

Keyword Search
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TMS, Visibility, Pricing, Quick Pay, Loadboards, and Onboarding Software

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