Outgo vs RTS vs OTR vs Triumph: Freight Factoring Comparison

Outgo's current rates page publishes 3% for owner-operators invoicing less than $18,000 per month, 2.5% for fleets invoicing $18,000–$80,000, and custom pricing above $80,000. It also advertises a 1% rate when eligible factoring funds are spent with the Outgo debit card.

That 1% card statement should not be compared with another provider's bank deposit rate as if they were identical. Outgo separately lists a 1% instant-transfer charge capped at $20, a $20 wire, free ACH, a $2.50 out-of-network ATM fee, and a 1% international-transaction fee. The card page says banking services are provided by TransPecos Banks and includes conditions for pass-through deposit insurance.

Outgo advertises non-recourse factoring, no annual contracts, no reserves, no monthly minimums, and no volume limits. Its DAT page says invoices are approved within four hours, with some funds available faster. Ask which brokers are factorable, what happens to disputed invoices, how cancellation works, and whether using ACH changes availability.

RTS's freight factoring page does not publish a guaranteed rate. Its calculator states that results are estimates and that final rates and approval depend on underwriting and completed contracts.

RTS says it advances more than 90% of an invoice within 24 hours and sends the remaining balance, minus its fee, after the customer pays. That is important for cash-flow planning: an advance percentage is not the same as the factoring fee, and the withheld balance is not necessarily lost. Ask exactly when the remainder is released and whether additional charges are deducted from it.

RTS publishes educational material on both recourse and non-recourse structures. Its own guidance cautions that non-recourse often applies only to specific credit events, such as an approved debtor's bankruptcy, and not to freight claims, missing paperwork, offsets, or performance disputes. Confirm which form is actually offered to your company.

OTR Solutions advertises “Truly Instant Funding” to a bank account after invoice processing, including nights, weekends, and holidays, plus “True Non-Recourse” factoring. Its public pages do not provide a universal factoring rate, so a quote and agreement are required.

OTR's August 18, 2026 contract guide correctly directs carriers beyond the headline rate: review the term, renewal, termination notice, early-exit fees, administrative and transfer fees, minimums, reserves, recourse, and funding timeline. The page notes that factoring terms may range from month-to-month to annual arrangements.

Ask OTR to identify which broker credit events its non-recourse language covers, which disputes remain the carrier's responsibility, whether every approved invoice qualifies for instant funding, and whether a transfer method or linked account is required.

Triumph's factoring page says non-recourse contracts are available, qualifying invoices may be paid within minutes at any time, and the program has no minimums or reserves. It does not publish a standard rate on that page, so carriers need a written quote.

“Non-recourse available” is not the same as saying every applicant, broker, invoice, or nonpayment reason is protected. Ask for the approved-broker rules, insolvency definition, dispute treatment, notification duties, reserve structure if a different program is offered, and exact transfer destination. Triumph also markets insurance-payment and fuel-program integrations; evaluate those separately from the factoring fee so a bundled benefit does not hide the invoice cost.

With recourse factoring, the carrier generally must repurchase or replace an invoice the factor cannot collect under the agreement. Non-recourse shifts defined credit risk to the factor, but the definition is usually narrower than “the broker did not pay.”

A non-recourse agreement may protect against insolvency of an approved broker while leaving the carrier responsible for a cargo claim, late delivery, missing bill of lading, duplicate invoice, setoff, rate dispute, unauthorized charge, fraud, or breach of the factoring agreement. Some brokers may be ineligible or subject to a credit limit.

Ask the factor to point to the exact paragraph answering: What event activates non-recourse? How long must the invoice remain unpaid? Which brokers qualify? What documents are required? Which disputes create a chargeback? Can the factor debit the carrier's account or apply other invoice proceeds?

Use the same invoice and payment method for every quote. For a simple illustration only, a $2,000 invoice at a flat 3% rate produces a $60 factoring charge before any transfer, processing, minimum-volume, reserve, buyout, or termination cost. If the provider advances 90%, the first payment would be $1,800, but that does not mean the remaining $200 is the fee; the agreement determines when the reserve is released and what is deducted.

Then compare time: when the invoice is approved, when funds become usable, when any reserve is released, and what happens on a holiday or after a cutoff. Fast approval and fast bank availability are not always the same event.

1. 1

   Term and renewal

   Identify the start date, initial term, automatic renewal, and exact cancellation window.

2. 2

   Exclusivity

   Confirm whether every invoice, every approved broker, or only selected invoices must be factored.

3. 3

   Minimums

   Ask about monthly invoice volume, minimum fees, and consequences during slow weeks or repairs.

4. 4

   UCC filing

   Determine what collateral the factor claims, when a UCC filing is made, and how quickly a termination is filed after payoff.

5. 5

   Chargebacks and offsets

   List every event that lets the factor reverse funding, debit an account, or hold other invoices.

6. 6

   Exit and buyout

   Get the early-termination fee, notice method, payoff process, lien release, and broker-notification steps in writing.

No provider is automatically best for every carrier. A company factoring two loads per week may value no minimums and a short exit more than the lowest headline rate. A high-volume fleet may prioritize custom pricing, integrations, credit limits, reporting, and support.

• ✓Send each provider the same estimated monthly volume, broker mix, average invoice, truck count, and desired bank-transfer method.
• ✓Request the complete agreement, fee schedule, sample settlement statement, notice of assignment, and UCC language.
• ✓Test three brokers you actually use and ask whether each is approved, at what credit limit, and under what recourse status.
• ✓Model one paid-on-time invoice, one 60-day invoice, one disputed invoice, and an early contract exit.
• ✓Have a qualified attorney or financial adviser review terms you do not understand before granting a lien or account-debit authority.