With the help of the RealTruckers team and an innovative freight factoring company, waiting 45 to 90 days to receive payment for a load may become a thing of the past for some owner operators.Freight factoring has become a popular way for some owner operators to prevent gaps in income by getting paid quicker after moving a load, but the business of major freight factoring companies can become complicated.
Freight factoring is when the money a trucker is owed for shipping a load is converted into cash by selling the bill, also known as the invoice, to a freight factoring company. Next, the factoring company will pay the trucker immediately, after taking out a fee for their services.
At RealTruckers we have scoured the freight factoring industry and partnered with eCapital, an innovative freight factoring company and together we are changing the way truckers get paid nationwide. eCapital has served nearly 18,000 clients and paid over 12 million invoices since they have been in business.
eCapital features an online portal that gives truckers the freedom to manage your money, the way you want. Truckers may choose to be paid through Automated Clearing House (ACH) transfers, wire transfers and a game changing new option called - InstaPay.
InstaPay is available for RealTruckers and with this service, truckers are no longer bound to the normal 9 A.M. to 5 P.M. hours of a traditional bank. InstaPay gives RealTruckers full control of their money, at any time, instantly.
In addition to having access to your cash using the eCapital mobile app or from a laptop computer, thanks to the RealTruckers and eCapital partnership, our community will be given access to a commercial line of credit and a VISA Commercial Credit Card.
If you would like more information about eCapital and their RealTruckers approved freight factoring services, click here for more information.