What Is Quick Pay in Trucking?
Also called: QuickPay
Quick pay is a broker's early-payment program: you pay a fee, a percent of the invoice, to get paid in days instead of the broker's standard terms. Not every broker offers it, and each sets its own fee. RXO, for example, lists no fee at 30 days, 2.5% for same-day QuickPay by ACH, and 4% for Advance Pay within an hour.
Last reviewed September 23, 2026 · Facts checked October 15, 2026
Key Points
- Each broker sets its own quick pay fee and speed, so ask for the exact number
- RXO's carrier page lists three options: standard pay with no fee, 30 days after you submit a completed invoice; QuickPay at 2.5% with same-day ACH payment; and Advance Pay at 4% within an hour
- Example: a 2% fee on a $2,500 load is $50
- Compare the cost by how many days sooner you are paid, not just the percent. A 2.5% fee for cash 30 days sooner works out to about 31% a year
- Quick pay works only with brokers that offer it. Factoring works with any broker. At RXO, standard pay is the only option for a carrier that uses a factoring company
- Ask about extra fees, such as ACH or wire fees, before you agree
Quick pay vs. factoring
| Quick Pay | Factoring | |
|---|---|---|
| Who provides it | The broker that owes you the money | A factoring company that buys your invoice |
| Fee | Set by each broker. RXO lists 2.5% for same-day QuickPay by ACH | Set by each factoring company, as a percent of each invoice |
| How fast you are paid | Set by each broker. RXO pays QuickPay the same day by ACH | Set by each company. Ask how long it takes to get cash |
| Works with | Only brokers that offer it | Any broker |
| Watch for | Extra fees such as ACH or wire fees | Contracts that require you to factor every invoice, and reserve holdbacks |
How does quick pay work?
You deliver the load and send your invoice and paperwork. If the broker offers quick pay, you can ask to be paid early. The broker keeps a percent of the invoice as a fee and pays you the rest. At RXO, for example, QuickPay needs signed proof of delivery and pays the same day by ACH, though the bank transfer can take an extra day to clear. Without quick pay, you wait for the broker's standard terms, which RXO lists as 30 days from your completed invoice.
Quick pay vs. factoring: which costs less?
It depends on the fees you are actually quoted. Quick pay only works with brokers that offer it, and you ask for it load by load. Factoring works with any broker, but each factoring company sets its own fee and rules, and some contracts require you to factor every invoice. Many owner-operators use both. Compare real fee sheets, and compare them as a yearly rate, not just a percent.
How do you work out the yearly cost?
A small fee can be expensive if it buys you only a few days. Divide the fee by the cash you receive, multiply by 365, then divide by the days you are paid sooner. Example: a 2% fee on a $2,500 load is $50, so you receive $2,450. If that gets you paid 28 days sooner, the yearly rate is $50 ÷ $2,450 × 365 ÷ 28, or about 26.6%. A 2.5% fee on $2,000 for cash 30 days sooner is $50 ÷ $1,950 × 365 ÷ 30, or about 31.2%. That is an estimate to help you decide, not a quote. Our quick pay fee calculator does this math for you.
Related Free Tools
Quick Pay Fee Calculator
See what a broker's quick pay really costs as a yearly rate, and compare it with factoring and with waiting for standard terms.
Factoring Fee Calculator
Compare factoring now vs waiting for broker payment — know the true cost.
Trucking Invoice Generator
Professional invoices with BOL#, MC#, and PDF export ready for factoring.
Frequently Asked Questions
What is quick pay in trucking?+
Quick pay is an early-payment program offered by some brokers. You pay a fee, a percent of the invoice, to get paid in days instead of waiting for the broker's standard terms.
How much does quick pay cost?+
Each broker sets its own fee. RXO's carrier page lists 2.5% for QuickPay with same-day ACH payment and 4% for Advance Pay within an hour, against no fee for standard pay at 30 days. Example: 2% of a $2,500 load is $50. Ask the broker for the exact fee and any extra charges.
Is quick pay better than factoring?+
It depends on the fees and the speed you are quoted. Quick pay only works with brokers that offer it. Factoring works with any broker, but each factoring company sets its own fee and rules. Compare the yearly rate of each, not just the percent.
Does every broker offer quick pay?+
No. Many large brokers do, but smaller or regional brokers often do not. Ask before you take the load, and get the quick pay fee in writing.
How do I work out the yearly rate of quick pay?+
Divide the fee by the cash you receive, multiply by 365, then divide by the days you are paid sooner. For a $2,000 load at 2.5% with cash 30 days sooner, that is $50 ÷ $1,950 × 365 ÷ 30, or about 31.2% a year.
More trucking terms
Want a dispatcher to handle this for you?
Grow Trucking finds loads, negotiates rates and does the paperwork for owner-operators and small fleets. Tell us about your truck and we will show you how we can help.
Also: About Grow Trucking · Refer a carrier · Trucking blog
This is industry terminology and typical practice. It is not legal or tax advice. Rates, fees, and rules mentioned are general ranges. Confirm the details on your rate confirmation, carrier agreement, or a current official source.