Solving 60-90 day billing terms to get paid

Discussion in 'Ask An Owner Operator' started by wildturkey8*, Apr 15, 2021.

Would you pay a service to have immediate payment rather than waiting 60+ days to get paid?

  1. Yes

    3 vote(s)
    18.8%
  2. No

    13 vote(s)
    81.3%
  1. jamespmack

    jamespmack Road Train Member

    19,146
    207,260
    Mar 25, 2014
    OH
    0
    Simple, don't work for anyone that pays after 30 days.
     
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  3. Hulld

    Hulld Road Train Member

    2,882
    6,561
    Oct 19, 2015
    Upstate NY
    0
    I cringe when a broker says 10 day pay?
    All my personal customers and the vast majority of my brokered freight is COD.
     
    Coffey and jamespmack Thank this.
  4. Mattflat362

    Mattflat362 Road Train Member

    2,693
    5,687
    Feb 18, 2015
    Avon Lake, Ohio
    0
    Why even run loads for people that take that long to pay? I feel a trolling factorer.
     
  5. jamespmack

    jamespmack Road Train Member

    19,146
    207,260
    Mar 25, 2014
    OH
    0

    I can accept 30. Day 31 I'm knocking on doors.

    I have 3 brokers that pay 7 and under. One has somehow got a paper check in my mailbox in 3 days multiple times. I was impressed. I can't send a check or letter that fast.



    One great customer pays 7 or less. Of its over 7, it is the post office. Those ladies run a tight office.

    Conversation is over if you want credit with me over 30 days. I'm not a bank, I dont finance anyone.
     
  6. Hulld

    Hulld Road Train Member

    2,882
    6,561
    Oct 19, 2015
    Upstate NY
    0
    I agree.
    I am really lucky and blessed that the segment that I’m in doesn’t operate that way.
    Who ever came up with the genius idea that work should be done and then paid for 60-90 days later is an idiot.
    Every one including brokers and carriers should be paid when the job is completed to satisfactory standards.
     
  7. Mattflat362

    Mattflat362 Road Train Member

    2,693
    5,687
    Feb 18, 2015
    Avon Lake, Ohio
    0
    The poll should read would you bla bla bla to be paid in less than 30. No.

    Who are the 2 people who answered yes to this troll poll. LOL.
     
    Last edited: Apr 15, 2021
  8. God prefers Diesels

    God prefers Diesels Road Train Member

    4,198
    22,246
    Jun 26, 2020
    South Texas
    0
    Need more like JTA Pro. The third time I hauled for them, I emailed POD and got a reply back ten minutes later: "You're paid." Just hauled another load recently for them, and finished up after COB Friday. I was up invoicing Monday at about 6am. Ten minutes after I emailed the invoice, I get a reply back: "I already processed this. You should see the money in your bank by tomorrow." Crazy. The first three loads I hauled, they paid before I even had a chance to invoice at all. I asked why. He said: "I'm trying to change the industry one load at a time." Their pay is average for load board freight, but man do they not mess around with payment.
     
    Long FLD, Tug Toy, staceydude and 2 others Thank this.
  9. God prefers Diesels

    God prefers Diesels Road Train Member

    4,198
    22,246
    Jun 26, 2020
    South Texas
    0
    OP and his alt account?
     
    Midwest Trucker and Mattflat362 Thank this.
  10. Dino soar

    Dino soar Road Train Member

    4,589
    21,825
    Dec 8, 2017
    0
    PLS is a little slow but I think we usually get paid from them in 4 to 6 weeks. They're about the slowest.

    I have had a few take up to about 6 weeks but other than that they're generally within 30 days.
     
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  11. Mattflat362

    Mattflat362 Road Train Member

    2,693
    5,687
    Feb 18, 2015
    Avon Lake, Ohio
    0
    Jeesh I suppose I should set up ACH again but TQL really turned me off to it when they got hacked.

    My bank informed me that our business accounts are not protected at all so I had to change everything.

    I know I could just do it and then simply move the money quickly.
     
    God prefers Diesels Thanks this.
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