Payments
Discover and compare the best Payments solutions for your supply chain business
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What are Freight Payment Platforms?
Freight payment platforms move money between shippers, brokers, carriers, and factors. They handle invoice processing, freight settlement, quick-pay programs, and increasingly real-time and embedded payments. The category overlaps with freight audit, factoring, and TMS settlement - the right platform depends on whether you're paying carriers or collecting from shippers.
Key features
Carrier settlement
Pay carriers on standard, quick-pay, or instant terms with full audit trail.
Shipper invoicing
Send accurate freight invoices to shippers with consolidated billing.
Quick-pay programs
Offer carriers same-day or next-day pay for a small discount.
Reconciliation
Match payments to TMS load data automatically to close the financial loop.
Factoring integration
Direct deposit to factoring companies when assigned by the carrier.
Who uses it
Broker
Brokers use payment platforms to settle carriers on time, support quick-pay, and tighten DSO with shippers.
Carrier
Carriers receive payments faster and gain visibility into upcoming settlements.
3PL
3PLs running managed transportation programs use payment platforms to streamline carrier settlement at scale.
Manufacturers and Shippers
Shippers use payment platforms to consolidate freight payables and audit charges before they pay.