LoadPay’s quick pay option provides cash flow without the fine print. No contracts, no hidden fees and a flat 2.99% quick pay rate.
|Payment Options||2.99% Quick Pay Rate||Funds Availability||Transaction Fee||Details|
|Fuel Card||1 Hour||–|
|Next Day ACH||Next Business Day||–||Submit by 8pm ET|
|Same Day ACH||Same Business Day||$3||Submit by 12pm ET|
|Same Day Wire Transfer||Same Business Day||$25||Submit by 4pm ET|
Frequently Asked Questions
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.
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.
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.
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.
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™.