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Experience with TriumphPay?

Discussion in 'Ask An Owner Operator' started by RunningAces, Oct 18, 2020.

Page 2 of 2
  1. Apr 17, 2021 #11
    TallJoe

    TallJoe Road Train Member

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    Looks like Triumph is triumphing.
    Even Schneider Brokerage started to use Triumph to process their accounts payable, which surprised me quite a bit.
     
    TallJoe, Apr 17, 2021
    TallJoe, Apr 17, 2021
    #11
    86scotty Thanks this.
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  3. Apr 18, 2021 #12
    snowwy

    snowwy Road Train Member

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    Sounds like the same as factoring. You pay a % to get your money.

    Another startup to put others out of business.
     
    snowwy, Apr 18, 2021
    snowwy, Apr 18, 2021
    #12
  4. Apr 18, 2021 #13
    RunningAces

    RunningAces Road Train Member

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    I guess, as much as using a one time quick pay is like factoring?
     
    RunningAces, Apr 18, 2021
    RunningAces, Apr 18, 2021
    #13
  5. Apr 18, 2021 #14
    snowwy

    snowwy Road Train Member

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    Doesn't factoring offer quick pay?
     
    snowwy, Apr 18, 2021
    snowwy, Apr 18, 2021
    #14
  7. Apr 18, 2021 #15
    RunningAces

    RunningAces Road Train Member

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    Yes, but I don't think you can opt out of factoring like you can just not decide to use quick pay anymore. There is no UCC etc. I dont use a factoring company and rarely use quick pay so I don't know all the details to be honest. I think triumph is just there for paperwork processing, like RMIS but on the tail end I suppose.
     
    RunningAces, Apr 18, 2021
    RunningAces, Apr 18, 2021
    #15
    snowwy and God prefers Diesels Thank this.
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