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HaulPay factoring: rates, fees and terms
App-based factoring that can also invoice brokers for you, non-recourse on broker credit, with free same-day and next-day ACH.
What sets it apart
Publishes a ceiling (3% for one truck) rather than a floor, which is the more useful number for a small carrier. It is non-recourse on credit but says it charges back when your paperwork or dates are wrong. The page we read was last modified in August 2024, so confirm the rate is current.
Published terms
| Rate | Our max rates are 3% for a single truck operator and go lower based on volume |
|---|---|
| Advance | Not stated on the pages we read |
| Recourse | Non-recourse on credit; charges back balances if supporting documentation or dates are incorrect |
| Contract | No early termination fees or penalty fees |
| Monthly minimum | Not stated on the pages we read |
| Transfer fees | Same-day and 1-day ACH is free; an additional flat fee for wire transfers |
| Other fees | Only a flat % discount fee per invoice; no interest on aged invoices. Invoicing-only service for declined customers $5.00 per invoice. |
| Funding speed | Funded the same or the next day |
| Fuel | Not stated on the pages we read |
Monthly cost at the published rate
$10,000 a month: $300. $25,000 a month: $750. $50,000 a month: $1,500. Based on the published maximum. The published 3% maximum for a single truck, free ACH. Fleets get lower rates that are not published. Per-invoice fees counted at a $2,500 invoice.
Single-truck carriers who want a stated maximum and free ACH.
You want a rate page updated this year; ours was dated August 2024.
Ask before you sign
- The wire fee amount is not stated.
- Page last modified 2024-08-27.
Pages we read
Factors change rates and terms. If this is out of date, tell us.