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Factoring Costs Hidden in Plain Sight | Business and Finance News
Description
Freight factoring may seem like a simple way to get paid faster, but the real cost often hides in plain sight—discount rates of 1.5% to 5% aren’t the whole story. Non-recourse factoring carries higher fees, and tiered pricing might look cheap upfront but can balloon when payments drag beyond 30 days. Don’t forget hidden charges: ACH/wire fees, same-day funding, volume penalties, and even early termination fees. What starts as a 3% rate can easily climb to 4% or more when all fees are added. The real question? Does the cash flow boost justify the cost? Choose a transparent partner who lays out every fee so you can make a smart, profitable decision.
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