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Quick Pay Fee Calculator for Owner Operators

See what quick pay really costs as a yearly rate, and compare it with factoring and with just waiting for the broker.

Your invoice

$
days
% a year

Cost of cash is what it costs you to cover the gap another way, like a credit line or a card. If waiting means you miss a load or a payment, it is higher than a bank rate. The first option starts with RXO's posted quick pay terms (2.5%, same day, standard terms of 30 days), read September 26, 2026. Change every number to match your broker.

%
$
days
%
$
days

What each one costs you

Broker quick pay

Lowest yearly rate

Yearly rate of the fee

31.2%

You get
$1,950.00
Fee
$50.00 (2.50%)
Cash comes in
0 days
Sooner than waiting
30 days
Cost per day sooner
$1.67
Each month
$1,000
Each year
$12,000

At 10% a year for cash, a fee up to 0.82% of the invoice is cheaper than waiting. This one is 2.50%, so waiting costs less by about $33.97 on this invoice.

Factoring company

Yearly rate of the fee

32.3%

You get
$1,950.00
Fee
$50.00 (2.50%)
Cash comes in
1 day
Sooner than waiting
29 days
Cost per day sooner
$1.72
Each month
$1,000
Each year
$12,000

At 10% a year for cash, a fee up to 0.79% of the invoice is cheaper than waiting. This one is 2.50%, so waiting costs less by about $34.51 on this invoice.

Factoring has extra costs like reserves, wire fees and monthly minimums. Use the Factoring Fee Calculator for those, then enter the total fee here. To see how slow a broker really pays, use the Broker Payment Tracker.

The yearly rate is simple interest: the fee, divided by the cash you get, times 365, divided by the days you get paid sooner. It does not add up as compound interest. Fees and days are the ones you type in. Brokers change their quick pay terms, so read your own rate confirmation and carrier agreement before you choose.

Numbers tight? Let a dispatcher find better loads.

This tool is free. If it shows you are leaving money on the road, Grow Trucking finds loads, negotiates rates and does the paperwork for owner-operators and small fleets.

Talk to a dispatcher Call (845) 400-9179

Also: About Grow Trucking · Refer a carrier · Trucking blog

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What does quick pay cost a trucker?

Quick pay usually costs 2% to 3% of the load, and against 30-day terms a 2.5% fee for same-day cash is about 31% a year. Taking quick pay is like borrowing the money you get today and paying it back on the day the broker would have paid. The fee is the interest.

  1. Enter the invoice amount and the days the broker takes to pay on standard terms.
  2. Enter your cost of cash, what it costs you to cover the gap another way.
  3. Enter each option's fee, any flat fee and the days until cash lands in your account.
  4. Read the yearly rate of each option and which has the lowest rate.
  5. Check the break-even fee. Above it, waiting costs less than the fee.
  6. Look at the yearly cost at your load count before you agree to a program.
Yearly rate of quick pay against 30-day standard terms
FeeCash arrivesDays soonerYearly rate
1.5%15 days1537.1%
2%7 days2332.4%
2.5%Same day3031.2%
3%2 days2840.3%
5%Same day3064.0%

Rates are simple interest: fee divided by cash received, times 365, divided by days sooner. The 2.5% same-day example is RXO's posted quick pay term, read September 26, 2026 on its carrier page. The 1.5% to 5% range is from a FreightWaves guide to quick pay. Brokers set and change their own terms, so use the numbers in your carrier agreement.

Last reviewed September 2026. Sources: RXO: carrier payment options, quick pay and standard terms; FreightWaves: what quick pay really costs.

Frequently Asked Questions - Quick Pay Fee Calculator

What is quick pay in trucking?
Quick pay is a program where a freight broker pays a carrier sooner than its standard terms, and takes a fee out of the load pay. Standard terms are often 30 days after the broker gets your completed invoice. RXO's carrier page, for example, lists a 2.5% quick pay fee with cash the same day, against no fee and 30 days on standard terms.
How does quick pay work?
You deliver, send your invoice and paperwork, and choose quick pay. The broker subtracts its fee and sends the rest, often by ACH. Some programs need an account with a payment company first. RXO's page says its quick pay needs a free TriumphPay account and that the bank transfer may take an extra day to show up.
How much does quick pay cost?
Fees are set by each broker. One industry write-up says quick pay fees run from 1.5% to 5% of the load, with 2% to 3% most common. Brokers do not have to disclose fees in the same way, so read your carrier agreement. This calculator turns any fee and speed into a yearly rate.
Is quick pay worth it?
It depends on what waiting costs you. A 2.5% fee for cash 30 days sooner is about 31% a year. If waiting means a missed load, a late truck payment or fuel on a high-rate card, that can be worth it. If you can wait without trouble, it is an expensive way to borrow. Enter your own cost of cash to see where the line is.
Is quick pay better than factoring?
Not always. Compare the yearly rate of each, not just the fee. Factoring can add reserves, wire fees and monthly minimums, so use the Factoring Fee Calculator for the full cost and enter the total here. Also check your broker's rules. RXO's page says standard payment is the only option for carriers that use a factoring company.
How do I work out the yearly rate of quick pay?
Divide the fee by the cash you get, multiply by 365, then divide by the days you get paid sooner. For $2,000 at 2.5% with cash the same day and standard terms of 30 days, the fee is $50, you get $1,950, and the rate is 50 / 1,950 x 365 / 30, or 31.2% a year.
Why can a smaller quick pay fee cost more per year?
Because it may only speed things up by a few days. A 1% fee for cash 5 days sooner is about 74% a year. A 3% fee for cash 28 days sooner is about 40% a year. Always compare the yearly rate.
How much quick pay fee is too much?
The tool shows a break-even fee for your cost of cash. If your cost of cash is 10% a year and the option gets you cash 30 days sooner, any fee above about 0.82% of the invoice costs more than waiting.
Does quick pay cost the same on every load?
The percent stays the same, so the dollars grow with the load. A 3% fee is $45 on a $1,500 load. Ten loads a week at that rate is about $23,400 a year. Use the loads per month box to see your own yearly total.

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Go Further With Quick Pay Fee Calculator

Guides, services and reference pages that go with this tool.

Terms explained in the Quick Pay Fee Calculator