What is a 
Payment Card?

Waiting around for payment can take a toll on your business. With freight factoring from FactorLoads, we offer flexible payment options, including immediate cash with EFS payment cards.

You finish a load, and you can receive payment on the same day — no waiting required. An invoice factoring payment card is like an advanced payment. As soon as you submit an invoice, we provide you with a large percentage of the total invoice value on an easy-to-use payment card. These cards are similar to debit cards and can be used for anything — tolls, repairs, driver payments or even sending money home. 

With FactorLoads, accessing your money is quicker than ever. We can provide you with as many free payment cards as you need.

Freight factoring is not borrowing. When you get a free invoice factoring payment card from FactorLoads, it’s your money — you’re just getting paid faster. While business credit cards offer flexible spending for business-related expenses and potential cash-back rewards, this money management option can lead to debt due to interest and potential fees.

Payment cards from FactorLoads are an excellent option for trucking businesses that want to leverage outstanding invoices without taking on debt. This cash flow option offers incredible benefits to our carriers, including:

Here’s a brief overview of how our payment card process typically works:

1. Submit invoice: Once the freight is delivered, you submit your invoice to FactorLoads.
2. Advance payment: We load most of the total invoice value onto one or more payment cards.
3. Use funds: You can use the payment cards immediately.
4. The client pays: Let us handle the collection process. Once a client pays the invoice, we release the remaining balance to you minus our agreed-upon fee for service.

• Invest in your business: Use available funds to help grow your business, including maintenance, tech upgrades and driver training.
• Track and control spending: From lodging and food to tolls and repairs, payment cards can help you allocate funds to your drivers for use on the road, empowering you to control business expenses.