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The math on one month: $10,000 in four loads
Take a one-truck carrier who invoices $10,000 in a month as four loads and asks for a payout on each. Each line below uses only what the company or contract publishes. Where a fee exists but has no published amount (HaulPay's wire fee, for example), it is left out and noted in the table further down.
- Porter Freight Funding, intro1.5%, first 60 days; 1-year recourse contract
- Truckstop (Denim), intro1.99%, first 3 months
- Truckstop (Denim), standard2.99% after the intro
- HaulPay, one truck3% maximum; ACH free
- Outgo, owner-operator, ACH3% under $18k a month; ACH free
- 2019 trucking contract2.5% + 1% advance fee
- Outgo, owner-operator, wires3% + 4 wires at $20
- 2019 contract, broker pays 15 days late+ 0.027% a day past due
- Riviera Finance, 2006 contract6.9% tier for $10k-$25k a month
- Factoring rate
- Add-on fee in the contract
- Payout (wire) fees
- Late-pay charge
The spread comes from three things, and the advertised percentage is only one of them:
- How you take the money. Outgo's fee list reads "Per ACH transfer No Fees Per wire transfer $20.00" (outgo.dat.com). Four wires add $80, close to a full point on $10,000.
- Fees on top of the rate. The 2019 contract charged "a factoring fee ... equal to 2.50% of the gross face value ... and an advance fee of 1% of the purchased amount." That is 3.5% before anything else.
- Time. The same contract added "a default discount fee ... of 0.027% per day" on past-due invoices. A broker 15 days late adds $40.50 per $10,000.
What does each factoring company publish?
Most factoring companies don't post a full fee schedule. This is what ten of them state on their own pages for carriers; "not published" means we found nothing on the pages we read, not that the fee doesn't exist.
Each bracketed number links to the company page it came from; hover for the exact quote and the date we read it. Full comparison of 17 companies: factoring compared.
Does the reserve cost me money?
Not directly. The advance and the reserve decide when you get paid. A 95% advance on a $10,000 invoice puts $9,500 in your account up front; the other $500 waits for the broker. Several companies say they hold no reserve (Outgo, Triumph, Truckstop, HaulPay in the table above). Older contracts show what a reserve can look like when one is held:
"RIVIERA will reserve and withhold an amount in a reserve account equal to Six Percent (6%) of the gross face amount of all Accounts purchased."
Riviera Finance agreement, 2006
That reserve "is not due and payable to CLIENT until any and all such obligations and indebtedness arising hereunder are paid in full" (same agreement). A held reserve is your money tied up, so it matters for a carrier living load to load even though it isn't a fee.
Is non-recourse factoring worth a higher rate?
Read the definition before you pay for it. On most pages, non-recourse covers a broker that goes broke, not one that disputes the load or pays slowly:
- eCapital, on when it takes the loss: "this only happens if the customer cannot pay due to bankruptcy." (eCapital FAQ)
- Outgo's agreement covers non-payment "solely because of Broker’s Insolvency or financial inability to pay; otherwise Outgo will have full recourse to Carrier for the repurchase and payment of uncollected or disputed Purchased Unpaid Invoices." (Outgo agreement)
- RTS: "Non-recourse factoring is when freight factoring companies assume the credit risk if your client can't pay the invoice amount because of issues like insolvency or bankruptcy." (RTS)
- OTR Solutions markets a broader version: "Unlike standard non-recourse programs that typically cover broker insolvency or bankruptcy, OTR's protection extends to qualifying non-payment even when the broker is still in business." (OTR FAQ)
On recourse terms the clock matters. eCapital's FAQ: "Recourse factoring places the responsibility on trucking companies to buy back invoices or exchange them for another of comparable value if the customer does not pay for the delivered load within 90 days." More in recourse vs non-recourse.
Which contract clauses change the cost?
These come from signed factoring agreements filed as exhibits with the SEC, plus Outgo's current carrier agreement. The older ones show what has been in these companies' paper, not what they offer today.
| Clause | What it said | Per $10,000 a month |
|---|---|---|
| Minimum monthly fee | "MINIMUM MONTHLY FEE : CLIENT agrees to pay to RIVIERA a minimum fee of Six Hundred Ninety Dollars ($690..." due "is in due each month" (Riviera, 2006) | $690 even in a month with no invoices |
| Volume tiers | "Greater Than $250,000 per month 3.4% ... $10,000 - $25,000 6.9% ... Less than $10,000 per month 9.0% of the face value of INVOICES" (Riviera, 2006) | $690 at 6.9%; the rate jumps to 9.0% in a month under $10,000 |
| Aging charge | "a further charge of one and one-half percent for each fifteen-day period in which each of these invoices is outstanding" (Porter Capital, 2009) | $150 for each 15 days |
| Per-payout fees | Triumph's 2016 pricing: "Setup Fee $300 Wire Transfer Fee $18 Electronic Fund Transfer (ACH) $3" (Triumph, 2016) | $72 for 4 wires, plus $300 once |
| Early exit | "'Early Termination Fee' - 5% of the Maximum Advance, applicable only if this Agreement is terminated subsequent to the No-Risk Termination Period and prior to end of the Term" (Triumph, 2016) | Based on the credit line, not on what you factored |
| Auto-renewal | "The Term shall automatically renew every Six months, for another Six month period, unless RIVIERA receives certified written notice of termination from CLIENT at least thirty (30) days prior to the expiration of the current Term." (Riviera, 2006) | Another 6 months at the same terms if you miss the notice |
| Collection fee | "administrative processing fee of five hundred dollars ($500) per payment for such collection" (Outgo agreement) | $500 each time Outgo has to collect from you |
| Rate set per broker | "Outgo may change the Factoring Fee based on the credit risk of the Broker, as determined by Outgo in Outgo’s sole discretion." (Outgo agreement) | Your rate can differ by load |
Clause text: TCI 2010, Triumph 2016, Riviera 2006, Porter Capital 2009, 2019 trucking contract, Outgo carrier agreement (read Oct 24, 2026). The last column is our arithmetic on those terms.
What to ask before you sign
- The rate at my monthly volume, and whether it changes by broker or by how long the invoice stays open.
- Every per-invoice, ACH, wire and same-day fee, in dollars.
- Any monthly minimum or volume commitment, and what happens in a slow month.
- The reserve percentage and the day it's released.
- What non-recourse covers, in the contract's words, and the buyback window in days.
- Term, auto-renewal, the notice period, how notice must be sent, and the early termination fee.
Put the answers into the factoring cost calculator to get your own cost per $10,000, and read how to leave a factoring contract before you sign one. If you're a new authority, these companies say they take new MCs.
Questions
How much does factoring cost per month?
At published owner-operator rates, $150 to $380 on $10,000 of loads once payout fees are counted: $300 at Outgo's 3% with free ACH, or $380 with four $20 wires.
Do wire fees matter in factoring?
Yes. Outgo charges nothing per ACH transfer and $20 per wire, so four wires add $80 a month, close to a full point on $10,000.
Is a factoring reserve a fee?
No, but it's your money held back. A 95% advance on a $10,000 invoice pays $9,500 up front and holds $500 until the broker pays. One 2006 Riviera agreement held 6%.
Not financial advice. Rates are the companies' published marketing terms; your contract sets the real cost. Company pages were read on the dates shown in each source link.