There are two ways to get paid through Convoy. Carriers can either choose to receive direct payments from Convoy or receive payments through their factoring company. If you forget to complete your payment profile, Convoy will send an email with instructions to set up your payment profile after completing your first load.
Please remember, uploading a bill of lading (BOL) in the Convoy app is required to work with Convoy, regardless of how your carrier is paid.
Option 1: Set up direct payments from Convoy
All payments from Convoy are sent via direct deposit, free of charge! The standard payment term for Convoy shipments is 30 days after shipment completion and document approval. However, carriers are eligible to earn free Convoy QuickPay on every load and receive payments within 2 business days after document approval.
If your carrier prefers to be paid directly by Convoy please complete this payment profile form. You will need to log into Carrier Web of the Convoy app, then navigate to the menu button at the top right corner and click "payment profile". There you will be able to enter your payment information. Don't forget to click "save payment profile" once you are done! You can return to this page at any time to edit your payment information.
Option 2: Set up a Notice of Assignment (NOA) with your Factoring Company
Convoy will need an NOA on file in order to process past, present, and future payments to your factoring company. Please have your carrier or factoring company send a copy of your NOA to email@example.com.
If you're looking for a factoring company, Convoy recommends Apex Capital for your factoring needs. Learn more.
NOTE: if at any point you want to start receiving payment directly from Convoy, we will need a letter of release (LOR) from your factoring company.