Quick Pay Calculator
Calculate the true cost of carrier quick pay fees
Payment Details
The amount you owe the carrier
Typical range: 1.5% - 5%
How fast you pay with quick pay (typically 1-2 days)
Your standard payment terms (typically 30 days)
Common Quick Pay Fees
Quick Pay Cost
You pay $60.00 to receive $1,940.00 29 days early
Annual Percentage Rate (APR)
This is the annualized cost of quick pay. Compare to credit card rates (15-25%) and factoring (3-5%).
Comparison
Understanding Quick Pay Costs
What is Quick Pay?
Quick pay is when you pay carriers faster than your normal payment terms (typically 30 days) in exchange for a discount/fee. Common terms are 1-3% for next-day payment.
Why APR Matters
The APR (Annual Percentage Rate) shows the true cost of quick pay as if you did it for a full year. A 3% fee for 30-day acceleration equals ~38% APR - much higher than credit cards or factoring.
When Quick Pay Makes Sense
- You need immediate cash flow for operational expenses
- The carrier relationship is valuable and quick pay strengthens it
- Your margin on the load is high enough to absorb the cost
- Alternative financing (credit cards, factoring) would cost more
Alternatives to Quick Pay
- Factoring: 3-5% for 1-2 day funding (much cheaper than quick pay)
- Business line of credit: 8-15% APR
- Negotiate better customer payment terms (shorter cycles)
- Use ARK TMS to automate billing and get paid faster
Improve Cash Flow with ARK TMS
Stop paying expensive quick pay fees. ARK TMS automates invoicing, tracks aging AR, and integrates with factoring companies to get you paid faster without burning your margins.