For truck drivers and owner-operators, cash flow is everything. Expenses like fuel, maintenance, and insurance can add up quickly, and waiting 30, 60, or even 90 days for brokers and shippers to pay can strain your business. That’s where Quick Pay for truckers comes in—however is this the best solution for your business?

In this article, we’ll break down what Quick Pay is, how it works, and how factoring can provide an even more reliable alternative.

What is Quick Pay in Trucking?

Quick Pay is a service some brokers and shippers offer that allows trucking companies to receive payment sooner than the standard pay cycle. Instead of waiting weeks or months, drivers can get paid within a few days of delivering a load.

However, Quick Pay usually comes with a fee. These fees vary by broker but often range between 2%–6% of the invoice amount. While it may help drivers cover expenses faster, the cost can add up over time—especially if you use it often.

How Does Quick Pay Work for Truckers?

The process is fairly straightforward:

• You deliver a load and submit the required paperwork
• Instead of waiting for the broker’s regular pay terms, you request Quick Pay
• The broker deducts a percentage as a fee and pays you the remaining balance

It’s convenient, but here’s the catch: not all brokers offer Quick Pay, and you’re tied to their payment terms. That means if a broker doesn’t provide the option, you’re back to waiting 30–90 days. Not to mention, you’re still responsible for handling all the invoicing, paperwork, and collections directly with the broker—adding more time and sometimes stress to your day.

Factoring vs. Quick Pay: What’s the Difference?

While Quick Pay can be useful, factoring is often a smarter long-term solution for truckers. With factoring, you sell your invoices to a factoring company and receive funds—usually the same day. Unlike Quick Pay, factoring works across all brokers and shippers, giving you more flexibility and consistency.

Some key advantages of factoring over Quick Pay include:

• Faster access to cash – Same-day or next-day funding.
• Lower overall cost – Many factoring rates are competitive with or even lower than Quick Pay fees.
• Credit checks – Factoring companies often run credit checks on brokers and shippers, helping protect you from non-payment.
• Additional services – Some factoring providers offer fuel cards, dispatch support, and insurance assistance.

How Single Point Capital Helps Truckers Get Paid Fast

At Single Point Capital, we understand how critical cash flow is for truckers and owner-operators. Our factoring services are designed to go beyond Quick Pay, offering:

• Same-day funding on approved invoices.
• We handle the invoicing and the colletions on each load you send in.
• Flexible advance options to cover fuel and expenses right away.
• Supportive services like fuel cards, dispatching, and insurance assistance to help keep your business moving.

Instead of relying on a broker-by-broker Quick Pay system, factoring with Single Point gives you a reliable partner for steady cash flow and growth.

Final Thoughts

Quick Pay for truckers can provide short-term relief, but it often comes with limits and fees that don’t always make sense for growing businesses. Factoring offers a more flexible, scalable solution that ensures you always have access to your hard-earned money.

If you’re ready to keep your wheels turning without waiting weeks for payment, Single Point Capital can help. Our factoring solutions make it simple to get paid quickly, so you can focus on hauling loads and building your business.