Payment from load board?

most load boards show the brokers credit rating A,B,C, etc. Only take loads from customers w good credit rating. Once you determine that, most brokers pay in about 30 days, have quick pay for a fee or you can factor.

 

Most loads are paid in 30 days from receipt of POD. By not getting paid up front or upon completion of the load, you are extending credit to the brokers. ALWAYS remember that. You have to make sure they are credit worthy in the first place. There are many, many scams out there, so you have to be careful. I always treated brand new brokerages like pay day loan customers, and I never got burned by one of them. I didn't get paid on two invoices in almost 7 years, both companies declared bankruptcy. I got pennies on the dollar on one of them 9 years later, and nothing on the other one. You can generally tell a new brokerage by their MC number or their insurance filings. The licensing and insurance website will be your friend in this regard, because there are brokers (and carriers) that will buy old MC numbers to make them look established. If you don't get paid, you can file on their broker bond which is $75,000 now up from $10,000. You still might not see a dime or at best pennies on the dollar if they go bankrupt due to the number of claims, but it is more likely now.

 

Very slowly.most will offer advance or quick pay for a fee.(3 to 10%) Most do money transfer or comchek or even mail checks for conventional payment but will likely take 30 to 45 days.And last but not least the dreaded factoring route which penalizes you even more for a timely payment.I wouldn't even consider a broker if rating below 99.

 

Also, setup yourself up to take credit cards. Then you can have them pay you by that.
There is what they call the "swype" app. you can use on your smart phone.. There is a fee of course

 

I wouldn't accept anything other than money for payment.

 

How bout if it was the chick from the Transformer movies?

 

I would pull a 20 trailer road train across the outback, with my teeth! And take anything that girl from transformers would give as payment!! Lol

 

Ha ha ha. I hear ya dl