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What if I use a factoring company?

We offer Convoy Factoring, as a payment service for carriers that provides same or next day payment, with no hidden fees and no lock-in contracts. Carriers of all sizes can factor their non-Convoy loads at rates ranging from 1% - 2.99%. Rates will be determined by the total amount factored. 0% rate for eligible Convoy loads via free Convoy QuickPay™.

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If you have a contract with another factoring company and want to continue to work with them directly, please go to carrier.convoy.com/paymentprofile and select "I use a factoring company" to complete the necessary information. We will then work directly with your factoring company to get the Notice of Assignment and process your payment.

Sending us a BOL is required to get paid, whether we pay you directly or you use a factoring company.

If you don't use a factoring company, for instructions on setting up payment through Convoy, click here.

Please note, if you would like us to pay you directly after we have received a notice of assignment from your factoring company, we will need a notice of release before we can pay you directly.

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