Factoring | Freight factoring company
Triumph factoring review: rates, recourse and contract
Updated
Triumph offers carriers freight factoring, with non-recourse available, and QuickPay, which costs 2% to 3% per invoice as of October 2026 and needs no contract. The company says there are no reserves or minimums. Factoring pays within minutes, Triumph says, and QuickPay usually pays in 24 hours or less.
At a glance
- Best for
- Carriers who want per-invoice QuickPay at 2% to 3%
- Published rate
- 2% to 3% per invoice for QuickPay
- Recourse
- Non-recourse available
- Contract term
- Says QuickPay needs no contract
- Funding speed
- Says it pays within minutes
Our take
Triumph works for two kinds of carrier: those who want QuickPay on the odd invoice and those ready to factor everything. The published 2% to 3% fee and the no-contract terms belong to QuickPay, so ask for the factoring rate and contract in writing before you sign. On the factoring side, Triumph says non-recourse covers an approved-broker customer's bankruptcy, and it advertises no chargebacks.
Pros
- Non-recourse factoring available
- Fuel cards and fuel advances
Cons
- Factoring rates aren't published
Rates and fees
| Term | Triumph |
|---|---|
| Published rate | 2% to 3% per invoice for QuickPay This is the QuickPay fee, listed on its QuickPay page. |
| Reserve | Says there are no reserves Applies to factoring and QuickPay.Same since 2025 |
| Recourse | Non-recourse available Says it covers bankruptcy of an approved-broker customer and advertises no chargebacks.Same since 2025 |
| Broker credit checks | Says it offers broker credit checks around the clockSame since 2025 |
Contract and cancellation
| Term | Triumph |
|---|---|
| Contract term | Says QuickPay needs no contract |
| Minimum volume | Says there are no minimumsSame since 2025 |
Funding, new authorities and fuel
| Term | Triumph |
|---|---|
| Funding speed | Says it pays within minutes Says QuickPay usually takes 24 hours or less.Same since 2025 |
| Fuel program | Offers fuel cards and fuel advances |
Triumph alternatives
| Name | Published rate | Recourse | Contract |
|---|---|---|---|
| Apex Capital | Recourse and non-recourse plans | Says no long-term contract is required | |
| eCapital Freight Factoring | Recourse or non-recourse options | Says no long-term contract is required |
Frequently asked questions
How much does Triumph QuickPay cost?
QuickPay runs 2% to 3% per invoice as of October 2026. Triumph says there's no contract for it and that payment usually comes in 24 hours or less.
Is Triumph factoring non-recourse?
Yes, non-recourse is available. Triumph says it covers the bankruptcy of an approved-broker customer and advertises no chargebacks.
Does Triumph hold a reserve?
Triumph says there are no reserves on factoring or QuickPay.
How fast does Triumph pay?
Triumph says factoring pays within minutes and QuickPay usually takes 24 hours or less.
Does Triumph have a minimum volume?
Triumph says it has no minimums.
Does Triumph offer broker credit checks?
Yes, around the clock, according to Triumph.
Does Triumph have a fuel card?
Yes, plus fuel advances.