How LoadPay works
When you’re working with a Broker who utilizes LoadPay as their payment platform, your accounts receivable process doesn’t change.
Book and deliver your load to the destination.
Submit your proof of delivery (POD) paperwork and any other applicable documents to your Broker.
The Broker will approve your invoice and schedule payment via Loadpay. You’ll receive an email notifying you of the date you’ll receive your FREE ACH deposit.
On the term date, LoadPay will automatically deposit funds into your bank account. Need quick pay?
Stay organized with the LoadPay Carrier app
- Easily search payment history. Preview scheduled payments, previous payments and payments you’ve selected for PayMeNow™.
- View load details including payment date, invoice date, load ID, and origin/destination.
- Find out when you’ll receive your next payment by filtering based on scheduled term date.
- Also available via your web browser. Login here
Free and Secure
Backed by 256-bit encryption, LoadPay is the secure and hassle-free way to get paid. Join the thousands of other Carriers and factoring companies who now get paid via LoadPay!Free Sign Up
Frequently Asked Questions
What is LoadPay?
LoadPay is a secure payment platform used by Brokers to pay Carriers and factoring companies via FREE ACH on all term payments. A quick pay option called PayMeNow™ is also available for a low, flat 2.99% rate that puts you in control of when and how you get paid.
Using LoadPay means no more calls to Brokers regarding delayed checks. You can count on receiving your payment via ACH on the date clearly posted in the LoadPay system.
How much does it cost?
A LoadPay account is free to create and maintain. Your term payments will be received via ACH at no cost to you on the term date.
What is PayMeNow™?
PayMeNow™ is a quick pay option that puts money in your account as early as the same day the Broker has approved payment. It offers four different payment options: fuel card, next day ACH, same day ACH, and wire transfer. Learn more
Is LoadPay or PayMeNow™ a factoring service?
No, LoadPay is not a factoring service. It is a payment platform with a quick pay option. LoadPay (and PayMeNow™) does not require a contract, minimum volume, transaction fees, maintenance fees, sign-up or termination fees. LoadPay has all the benefits of factoring without the fine print.
Are there any LoadPay video tutorials?
Read More FAQs
Is LoadPay secure?
Yes! LoadPay is backed by 256-bit encryption and partnered with an established FDIC-insured financial institution so you have peace of mind knowing your account information and load transactions are safely stored behind bank-grade security.
How does it work?
It is simple. When a Broker you are working with uses LoadPay, you will receive an email notification of an available payment and invite to sign up for a FREE LoadPay account. Once you have created your account, you will receive a FREE ACH deposit on the Broker’s load payment term date. If you would like to get paid faster, there is a quick pay option (PayMeNow™) that’s simple and easy to use, learn how here.
How do I get paid?
Once you have set up your LoadPay account, you will get paid via FREE ACH on the Broker’s term date. You can also get paid faster by selecting PayMeNow™, learn about the payment options here.
Are there sign-up or termination fees?
No. It is FREE to create, maintain, and even terminate a LoadPay account.
Are there minimum/maximum volume requirements?
No, there are no volume requirements. You pick and choose the loads you want to quick pay.
Will a UCC financing statement be filed?
No, because LoadPay is not a factoring company there will not be a UCC financing statement filed.
Am I charged a fee per invoice? Or a maintenance fee?
No, there are no fees or charges when you use LoadPay unless you select PayMeNow™, LoadPay’s quick pay option. PayMeNow™ charges a low, flat 2.99% rate. Learn more
Where do I send my paperwork?
You will still send all of your paperwork to your Broker/Shipper in order for them to schedule payments to you.
How do I find a list of Brokers that use the service?
We do not have a publicly available list of our users. You may request that your Broker/Shipper pay you via LoadPay. They can reach us at email@example.com and we’ll help them get set up or they can register for their FREE account at https://app.loadpay.com/account/register.
How do I know when a Broker adds a load for me to get paid on?
An email notification will be sent to you with load information and the payment amount. You can also log into your account via your browser or mobile app and review your scheduled payments.
When will I get paid if I don’t use PayMeNow™?
You will receive payment via FREE ACH on the Broker’s scheduled payment/term date.
Do I have to use LoadPay for every load I move if I sign up?
No, you will only receive deposits from LoadPay if the Broker you are working with is using LoadPay. Once you have set up your LoadPay account, you only need to act if you decide to use PayMeNow™. All other deposits from LoadPay Brokers will happen automatically via FREE ACH.
Do I have to use PayMeNow™ every time I move a load for a particular Broker?
No, you have the flexibility to pick and choose the loads you select for PayMeNow™.