I'm tired of dealing with 60-90+ day billing terms and waiting for my money after the job is done. I'm wondering would others out there be willing to pay a small fee to have a service pay you immediately, the day of delivery for all your shipments?
If so, how much would you be willing to pay to get your money the day of delivery instantly deposited into your account rather than waiting multiple months to get paid?
I figure having the payment immediately allows me to use that money for my business right away, rather than waiting months and to me, that is valuable enough to pay a small fee for. If a service offered this, would you be interested in using it?
Solving 60-90 day billing terms to get paid
Discussion in 'Ask An Owner Operator' started by wildturkey8*, Apr 15, 2021.
Page 1 of 4
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
Isn't this basically already offered by factoring or taking quick pay option from companies that charge a %?
Opendeckin, Coffey, Dino soar and 4 others Thank this. -
Lol that's pretty much what factoring is. And a waste of cash unless you really need it now.
Opendeckin, singlescrewshaker and God prefers Diesels Thank this. -
Yes, anyone out there using one of these services? Anyone have one they like more than others or can recommend which low fees?
-
Getting through the first month (or whatever your terms are) is the only hurdle. After that, the money keeps streaming in, and continues to do so one month after you've quit the business. Basically everything just gets pushed out a month. No different than driving nails and having to wait for your paycheck until Friday.
As others have said, you're describing a factoring company. These people already exist, and they are already preying on truckers.not4hire, Opendeckin, Midwest Trucker and 7 others Thank this. -
Who are you dealing with that pays 60-90?
I work with many different brokerages and direct shippers and have not come across anything over 35 days. A lot of my direct shippers pay within a week or two.TallJoe, Dino soar, Mattflat362 and 1 other person Thank this. -
singlescrewshaker Thanks this.
-
singlescrewshaker and God prefers Diesels Thank this.
-
Opendeckin, Oscar the KW and singlescrewshaker Thank this.
-
you should always have a few months of operating expenses if you are an owner operator because the most lucrative loads seems to be from those companies that do 60-90 day pay cycle.Coffey Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 4