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Looking for the best rate?
Our Rate Match Guarantee means we will meet or beat any rate for eligible carriers. Learn if you qualify
Rates and fees
Factoring rate
Factoring rate
Rates based on your fleet size:
Owner-operator
Less than $18k monthly invoicing
2.5%
Fleets
$18k-$80k monthly invoicing
2.0%
Custom
$80k+ monthly invoicing
Custom
Outgo Debit Card1
Outgo Debit Card
1.0% factoring rate on purchases
Drop your rate when you use your Outgo Card
Instant access to funds
Card feesTransfers
Transfers
Transfers your way
Instant transfer
1.0% transaction (max $20.00 fee)
Wire transfer
$20.00
ACH transfer
Free
2.5%
Max rate
Your ways to save
1.0% factoring on Outgo Card1 Purchases
1.0% factoring when you wait
When you choose to factor, you're charged an industry-low factoring fee, but if you decide not to factor, at Day 30 your rate drops to 1.0%.
Risk Free
No annual contracts and no cancellation fees
Flexible
No reserve and no minimum fees
Non-recourse
Your business is protected if a broker goes bankrupt
Transfer fees
Instant •
Fastest
Any day and time of the week
1.0% fee• Max $20.00
Same or next day • Wire Transfer
Except on weekends or holidays
$20.00
1-3 days • ACH Transfer
Except on weekends or holidays
Free
Card fees1
In-network ATM fee
Free
Domestic transaction fee
Free
Out-of-network ATM fee
$2.50
International transaction fee
1.0%
Factoring is outdated, we do so much more
Other companies
Rate
2-5% Fixed rate
2.5%
Max rate
Smart factoring
N/A
Reduce your rate to 1.0%
On purchases with the Outgo Card or when you wait till Day 30
On-demand factoring
Factor what you need, when you need it – at the lowest rate possible, guaranteed.
Outgo Debit Card1
N/A
Instant access to funds
Payout speeds
1-2 day funding
Flexible contracts
Lengthy contracts and cancellation fees
Minimum fees
Reserves
Reserves
No annual contracts or cancellation fees
No minimum fees
No reserves
No reserves
Broker bankruptcy protections
No protections
Non-recourse so your business is protected
End-to-end invoicing
Only factorable invoices
Lengthy forms and inputs
Difficult-to-use apps
Difficult-to-use apps
Automatic invoicing
One-step invoice creation
Invoice management
Broker management
Reconciliation
Invoice management
Broker management
Reconciliation
Standard Pay
Quick Pay
Factoring and invoicing
Broker network
Manage every broker individually
Manage every broker individually
2,500+ brokers
Payout speeds
20 days
2-3 days
Rate
Free
2-5% Fixed rate
Rates as low as 1%
Save on purchases with the Outgo Card.
Transfers
Free ACH transfers
Free ACH transfers
Free ACH Transfers
Wire Transfer $20.00
End-to-end invoicing
Manage every broker individually
Manage every broker individually
Automatic invoicing across brokers
Instant access to funds
N/A
N/A
Spend instantly with the Outgo Card
Compare Outgo
Contact us for your custom rate
Your ways to save
1.0% factoring on Outgo Card1 Purchases
1.0% factoring when you wait
When you choose to factor, you're charged an industry-low factoring fee, but if you decide not to factor, at Day 30 your rate drops to 1.0%.
Risk Free
No annual contracts and no cancellation fees
Flexible
No reserve and no minimum fees
Non-recourse
Your business is protected if a broker goes bankrupt
Transfer fees
Instant •
Fastest
Any day and time of the week
1.0% fee• Max $20.00
Same or next day • Wire Transfer
Except on weekends or holidays
$20.00
1-3 days • ACH Transfer
Except on weekends or holidays
Free
Card fees1
In-network ATM fee
Free
Domestic transaction fee
Free
Out-of-network ATM fee
$2.50
International transaction fee
1.0%
Factoring is outdated, we do so much more
Other companies
Rate
2-5% Fixed rate
Contact us for your custom rate
Smart factoring
N/A
Reduce your rate to 1.0%
On purchases with the Outgo Card or when you wait till Day 30
On-demand factoring
Factor what you need, when you need it – at the lowest rate possible, guaranteed.
Outgo Debit Card1
N/A
Instant access to funds
Payout speeds
1-2 day funding
Flexible contracts
Lengthy contracts and cancellation fees
Minimum fees
Reserves
Reserves
No annual contracts or cancellation fees
No minimum fees
No reserves
No reserves
Broker bankruptcy protections
No protections
Non-recourse so your business is protected
End-to-end invoicing
Only factorable invoices
Lengthy forms and inputs
Difficult-to-use apps
Difficult-to-use apps
Automatic invoicing
One-step invoice creation
Invoice management
Broker management
Reconciliation
Invoice management
Broker management
Reconciliation
Standard Pay
Quick Pay
Factoring and invoicing
Broker network
Manage every broker individually
Manage every broker individually
2,500+ brokers
Payout speeds
20 days
2-3 days
Rate
Free
2-5% Fixed rate
Rates as low as 1%
Save on purchases with the Outgo Card.
Transfers
Free ACH transfers
Free ACH transfers
Free ACH Transfers
Wire Transfer $20.00
End-to-end invoicing
Manage every broker individually
Manage every broker individually
Automatic invoicing across brokers
Instant access to funds
N/A
N/A
Spend instantly with the Outgo Card
Compare Outgo
Factoring is outdated. We do so much more.
Traditional factoring companies
Rate
Not publicly available
2.5%
or less based on your fleet size
Smart Factoring
No Smart Factoring
Get an an even lower rate with Smart Factoring
1% on purchases with the Outgo Card
Payout speeds
Same-day
4 hours or less
Even better—50% of our invoices are factorable in 90 minutes or less. 25% of invoices within 15 minutes.
Contracts
Annual contracts
Locked in for an entire year.
Short-term contracts
Free to cancel within 15 days.
Recourse
Not publicly available
Non-recourse standard
If a factorable broker goes bankrupt or folds, you won’t have to repay payments received.
Reserves
2-5% of an invoice
No reserves
Broker credit checks
Free broker credit checks
Free broker credit checks
Instant transfers
No instant transfers
Factor instantly on your Outgo Card
Transfer instantly on iOS, Android, and web
1.0% fee (max $20.00)
ACH transfers
Typically free, but not publicly available
Free ACH transfers
Wire transfers
Not publicly available
$20.00 wire fee
How does Outgo compare?
See how competitors compare to Outgo when it comes to rates, funding speeds, contract length, and more.
Compare us against
FAQs
What Outgo Card1 transactions qualify for 1.0% factoring?
Any purchase with your Outgo Card.
Drop your factoring rate to 1.0% and save on Outgo Card purchases.
How fast can you factor?
25% of invoices are factorable in 15 minutes or less.
We review and process payments within 4 hours of invoice upload, 50% of invoices get paid in 90 minutes or less.
How do I qualify for 1.0% factoring on day 30?
All you have to do is wait!
When you choose to factor, you're charged an industry-low factoring fee – your max rate, but if you decide not to factor, at Day 30 your rate drops to 1.0%.
What happens if my invoicing volume changes?
We review invoicing volume quarterly.
Every quarter we will be evaluating if the current tier is still applicable to your business.
Movement of tiers will never occur without an Outgo representative connecting with you for further discussion about your current max rate. We understand that businesses evolve over time; it's important to note that this assessment does not guarantee increase or decrease in your max rate. We are always willing to discuss business challenges and work together, as partners, to find the best solution.
How easy is it to cancel my plan?
Our agreements are flexible. We don’t require annual contracts.
You may cancel our agreement at any time with 15-day notice. To cancel, you’ll need to either buy out any invoices that we’ve processed on your behalf, or work with another factoring company to buy them out.
We will still look out for you even if you decide to cancel your Outgo account. We will work with any other factoring company to make your transition as smooth as possible and even review your new contract with them if you want us to.
Get the platform built so you factor less
With Outgo, factoring fees are charged when you spend so you can save with every transaction.
