Quick pay vs factoring calculator: which costs less on your invoices

How it's calculated

The calculator compares three ways to get paid for one month of invoices:

• Quick pay where offered: fee = invoices × share with quick pay brokers × quick pay fee. The rest waits on standard terms.
• Factor everything: fee = invoices × factoring rate + other monthly factoring fees.
• Wait on terms: no fee, cash on the broker's standard schedule.
• Days to cash is a weighted average for quick pay, since only part of your volume qualifies.
• Money waiting = a month of invoices × days to cash ÷ 30, roughly what's owed to you at any moment.

Every rate is yours to enter. Factoring rates and fees vary by company and contract, and quick pay terms vary by broker, so the starting values are only examples. Use the numbers from your factoring quote and from the payment section of your rate cons.

A worked example

EXAMPLE: you invoice $20,000 a month. Brokers on about 50% of that volume offer quick pay at 3%, paid in 2 days; the rest pay in 30 days. A factoring quote is 3% with $50 a month in other fees, cash the next day.

Quick pay costs $350 less a month here, but half your money still takes 30 days, so on average you wait 16 days. Factoring costs more and gets nearly everything in a day. If every broker offered quick pay at the same rate, it would cost $600 a month, less than factoring's $650 because of the extra fees, and cash would arrive in about 2 days. Which one wins depends on how much cash the truck needs before the money arrives.

Reading the result

Cost per month

Compare totals, not percentages. A low factoring rate with transfer fees and a monthly minimum can cost more than it looks, and a quick pay fee only applies to the loads where you use it.

Days to cash and money waiting

This is what the fee buys. If you can cover fuel, insurance and a repair while $20,000 is owed to you, waiting costs nothing. If you can't, the cheapest option may be the one that gets you paid soonest.

What the calculator can't weigh

• Recourse. With recourse factoring, you owe the money back if a broker doesn't pay.
• Contract terms. Minimum volumes, long terms, or factoring every invoice from a broker.
• Credit checks. Many factors check broker credit, which is worth something when you're booking new brokers.
• Back office. Some factors handle collections and invoicing; quick pay leaves that to you.

Which one fits your situation

Questions to ask a factoring company first

• Is the rate flat, or does it rise the longer a broker takes to pay?
• Is it recourse or non-recourse, and what exactly does non-recourse cover?
• What other fees apply: transfers, monthly minimums, setup, termination?
• Do I have to factor every invoice, or can I choose?
• How long is the contract, and how much notice do I give to leave?

Put each answer into the calculator as a rate or a monthly fee, and compare the quote that way rather than by its headline percentage.

Quick pay for truckers: how it varies

Quick pay trucking terms differ by broker: the fee, how many days, and who qualifies. Some brokers charge a percentage; some waive it for carriers who haul regularly. One published example: as of October 2026, Uber Freight's carrier resources page says carriers can become eligible for free 2-day payments by hauling at least 15 loads per quarter with strong performance metrics, with eligibility requirements applying. Terms like these change, so check each broker's current page or carrier agreement before you count on them.

Wherever you are paid, the clock starts when the broker has your paperwork. Send the invoice, signed POD and rate con on delivery day; the trucking invoice generator builds the invoice. For what normal payment terms look like and what to do when a broker runs late, see how long freight brokers take to pay.

Where a dispatcher fits

We don't factor, lend or collect freight money. The broker pays you, or your factor, directly. What we do is the part that speeds both options up: getting PODs in the same day, sending paperwork to the right place, and following up when a payment is late. See how that works for owner-operators, check a load's real margin with the load profitability calculator after the fee, browse all tools, or apply.