Immediate payment and liquidity for road hauliers and forwarders
Receive your payment when you have earned it – immediately after transport.
Opt for immediate payment and positive cash flow
Long payment terms are unfortunately part of everyday life in the logistics industry. However, running costs and invoices must be paid on time. This often pushes your haulage company to its limits. But do not worry: In the TIMOCOM Marketplace you can now process the payment of your completed transport orders via the payment service of our value added service partner JITpay.
The payment service guarantees that you will always receive your money immediately after transport. Put an end to unpaid invoices. Opt for fast liquidity and security.
Benefits include:
Get paid after only a maximum of 24 hours and increase your liquidity.
Accept new transport orders faster and stand out from the competition.
Reduce the risk of non-payment for orders from over 29 countries.
Outsource your receivables management and put an end to time-consuming checks on incoming payments.
Sign up for free and enjoy a transparent fee model.
As a TIMOCOM customer, you can use the factoring service free of charge for the first three orders.
What does the payment service cost?
There is a small service fee for using the payment service.
The fee is based on the terms of payment that you have negotiated with your transport customer.
Payment due after | Service fee | Example €500 gross |
30 days | 2.99% of the invoiced amount | €14.95 |
45 days | 3.49% of the invoiced amount | €17.45 |
60 days | 3.99% of the invoiced amount | €19.95 |
90 days | 4.99% of the invoiced amount | €24.95 |
How can I get paid in 24 hours?
You must have registered with JITpay™ and TIMOCOM. You can already see in the freight offer whether your business partner allows factoring.
It’s as easy as 123:
- After reaching an agreement with the transport customer, you enter the transport order in the TIMOCOM Marketplace.
- Transmit the transport order directly to JITpay™ via the API.
- After the transport has been carried out, upload your delivery receipt to the JITpay™ portal.
- Approve the sale of receivables and receive your money within 24 (up to max. 48) hours.
These are the questions our customers most frequently ask about factoring:
Factoring is a way for companies to sell their outstanding receivables from one or more deliveries of goods in order to obtain immediate liquidity. The full credit risk (default risk of the debtor) is borne by the financing institution (here: JITpay™).
A factoring company (here: JITpay™) is a so-called FACTOR who buys an outstanding receivable from a company (for example, you), the CREDITOR, owed by a customer, the so-called DEBTOR. In general, the creditor receives his outstanding receivable from the factor within 48 hours*, who then claims it from the debtor.
* on working days
With factoring, you sell your outstanding receivables, i.e. your invoice to your customer, to an external company and receive a payout immediately in return. The factoring company (here: JITpay™) then assumes the full risk and the accounts receivables management.
The benefits of the factoring service include improved liquidity and cash flow optimisation, outsourcing of dunning and collection, and protection against default on receivables. Furthermore, the balance sheet reduction and thus the increase in equity (credit rating improvement) is another advantage of factoring.
There is a small service fee for using the factoring service via JITpay™. The fee is based on the terms of payment that you have negotiated with your transport customer. The fee is only incurred for actual use. There are no further costs beyond this.
Payment due | Service fee | Example €500 gross |
30 days | 2.99% of the invoiced amount | €14.95 |
45 days | 3.49% of the invoiced amount | €17.45 |
60 days | 3.99% of the invoiced amount | €19.95 |
90 days | 4.99% of the invoiced amount | €24.95 |
You must be registered with TIMOCOM and with JITpay™. You can register with JITpay™ easily in the TIMOCOM Marketplace. Once you have been verified by JITpay™, you can use the factoring service at any time via the marketplace. Registration is completely free.
You must be registered with TIMOCOM and with JITpay™. You can register with JITpay™ easily in the TIMOCOM Marketplace. Once you have been verified by JITpay™, you can use the factoring service at any time via the marketplace. Registration is completely free.
Payment is made within 24 - 48 hours* after the invoice has been submitted.
* on working days
We currently offer the factoring service to transport companies (contractors) via our partner JITpay™ in the following countries:
- Germany
- Czech Republic
- Poland
- Netherlands
- Lithuania
- Latvia
- Slovakia
- Slovenia
In non-recourse factoring, a company sells its receivables from customers to a factoring company and receives an immediate payout in return. The factoring company assumes the risk for the receivables and undertakes the receivables management (as is the case with JITpay). Recourse factoring, on the other hand, merely involves the financing of receivables by the factoring company; the risk remains with the company (i.e. the seller of the receivables).
Customers may be based in almost all countries in Europe. Customers from the following countries are excluded:
- Albania
- Andorra
- Armenia
- Azerbaijan
- Bosnia and Herzegovina
- Bulgaria
- Georgia
- Kazakhstan
- Kosovo
- Croatia
- Liechtenstein
- Morocco
- Moldova
- Monaco
- Montenegro
- North Macedonia
- Norway
- Russian Federation
- Serbia
- Tunisia
- Ukraine
- Uzbekistan
- Belarus
If you have any questions, feel free to contact our partner JITpay™ on:
+49 531 387 630 10
Do you have any questions?
Contact JITpay™ directly: