Experience with TriumphPay?

I don't know how to make it into a link, but go to the search bar and put in Triumph Pay.

Someone said their terms of usage are that you agree to not go after the broker's Bond...

But use the search bar to read it completely.

 

I use every day. I deliver for a broker that pays by Triump Pay and it works good. I deliver a $700 load on Monday, by Tuesday I get paid $689 and it would be Wednesday by the latest for payment.

It's just a payment service for broker's. Carrier's are not on the hook for any factoring contracts

 

I recently created an account with them because two brokerages I deal with use them as their third party billing service. At first I was hesitant because their TOS read as though I would waive my right to the broker's bond in case of non-payment. However, my lawyer has clarified that would only apply after the invoice was paid in full.

I don't factor nor do I use any quickpay features so I cannot speak about those specifics but so far I like all the details I've been getting through my account page such as payment release date, check numbers, invoice acceptances etc etc. So far, so good.

 

I had this question as well and I was advised to follow the procedures outlined in your Agreement and/or rate con. Apparently, the larger brokerages will use TriumphPay's portal for paperwork while the smaller brokerages want them sent to them directly.

 

Once you sign up its like pulling teeth to get them to go away

 

I've got about 8 brokers that I work with that use Triumphpay. I've never had a problem.

I do not factor.

 

A couple brokers I've hauled for use them. You can submit documents to the Triumph dashboard, and they will forward it to the broker. But I've never done that. I just submit to the broker like normal, and then they pay through Triumph. Once I finish the carrier packet, Triumph will email and ask if I just set up a new relationship with this broker. Once I say yes, it's all done. Pay still goes directly into my bank account.