What to do when a shipper does not pay a broker?

Call and talk with them politely, remind them the terms of the agreement. If no pay, then time for Vinnie and associated parties to get involved

 

Remember it's 30 days from when they receive the invoice. So you mailed it, it sits 30 days, then check gets cut next day they write checks(possibly another week) then it's mailed. Most broker loads are 45 days by the time you get it.

 

Doesn't matter if the shipper paid the broker. The agreement was between you and broker. The broker has the problem of collecting from shipper, not you.

 

And if a broker says that he can't pay until he's paid, never haul another load for that broke broker.

 

Yeah if you took the load from a broker he still has to pay you on time. The only time we take the line that broker is taking is on one particular account that requires originals. Basically if you don't turn in originals to us you're going to be waiting with us for the customer to pay, and it will be a while... But normally we pay right at 21 days so that our average days to pay is <30.

 

I think the OP is a broker that hasn't been paid. Wants to know if he can go to his own bond.

 

Oh lol. Yeah I definitely don't think it's a good idea to operate a freight brokerage without knowing how collections works. Suggests you probably don't know how anything about credit... And that will put you out of business more or less immediately.