I would call the broker Monday morning and explain the situation that the factoring company said no so please etransfer the money and delivery will be post haste. Also to consider, just checked google earth, they operate out of a townhouse…
So because the carrier did not do their due diligence and the factor said no so now you are saying the broker has to pay before delivery? That statement right there is part of what is wrong with this industry. you took the load deliver it send the bill and wait your 30 days for payment. That one is all on the carrier.
I do not agree - credit for service should not be assumed. When loads are negotiated there is usually not enough time to do a full and proper credit check. Dispatchers are generally not the decision makers for credit and that is usually done from a corner office. If credit is or becomes a problem then I don't see why payment at or before delivery of the agreed amount should be a problem. Good and successful brokers will pay it but I don't think those are the guys with that kind of problem. If both carrier and broker choose to never do business again that is understandable. Either way, it should not be a regular course of business for a carrier.
Practically begged them for their quick pay -3% was agreed. Called and emailed multiple times never received it through quick pay was told he was busy. Contacted them on the 30 day mark about ACH transfer but, that apparently didn't work. Been worried but, we've received the cheque. So about 45 days not bad, he's a good guy.
