We are focused on helping small carriers make more money by removing the obstacles to getting paid. As a platform, we bridge the gap between carriers and shippers, to guarantee instant payment for carriers while still protecting shippers. Everyone wins. – Matt Kropp, CEO of FR8Star
Oakland, CA (PRWEB)
September 27, 2017
FR8Star has partnered with Comdata, a FLEETCOR company, to bring instant mobile payment to carriers using FR8Star’s platform, FR8Star.com. With Comchek® Mobile, an innovative digital platform designed to transfer funds between companies and individuals in the trucking industry quickly and securely, carriers booking loads through fr8star.com can now receive fuel advances at pick-up and instant payment in full upon receipt of the electronic POD.
Comchek Mobile users hauling loads booked on FR8Star.com can now receive full payment immediately after Proof of Delivery is received. Users can access funds instantly via their Comdata Card and the easy-to-use Comchek Mobile app. For more information about Comchek Mobile, visit http://www.comdata.com/comchekmobile.
Typical payment cycles for hauling freight today are 30 days. This current model holds carriers responsible for managing their operating costs while awaiting payment for work already done and following up on overdue payments.
FR8Star’s solution removes these pain points and eliminates the need for costly freight factoring (factoring fees range from 1.5 to 5 percent of linehaul revenue). By guaranteeing pay to carriers for loads booked through fr8star.com and issuing payment instantly upon receipt of electronic POD, carriers can trust that they will get paid for their work on timelines that align with their operating costs.
The partnership between FR8Star…