Do any large brokers not offer quick pay?

I can speak for no one but LS. We have the Landstar Savings Plus program, which is 48 hour pay for 2% (I believe). You'd have to call the carrier qualifications department for more information.

 

Most of the larger brokers do offer quick pay. Terms vary from one broker to another. I have see discounts from about 1 1/2-8%. There are a couple that I know that don't discount the rate for quick pay. Days to be paid under quick pay are from the same day to about 8 days from receipt of the paperwork. Most pay 24-48 hours from receipt of paperwork.

 

Think all I've worked with so far offer something...and many have several versions of it, taking a higher percentage the quicker you get your money. I held off going to a factoring company for two months, but when the A/R got to be $15,000 I decided I'd better have that option for when I get a second truck going. I actually like CHR's plan, 1 1/2% for two days...about as good as I've seen, though I believe Mercer is free for quick pay, just have not run anything yet for them (run dry van and they have limited dry van freight). Any that charge more than 3% I don't use their quickpay, I'll factor those or let it ride; Allen Lund is fairly quick to pay even without quick pay, so have not used it for them, if they even offer it.

 

For a mega-broker to not offer up quick pay - it would be comparable to a large fast food chain offering up water as the only drink, no soft drinks.