Rate Range
2.5-5%
Advance Rate
90-95%
Contract
12 month contract typical
Founded
2004
Affiliate Disclosure: Some links on this page are affiliate links, meaning we may earn a commission at no extra cost to you if you sign up through our link. This does not influence our ratings or rankings. Our editorial team independently evaluates every service based on transparent scoring criteria. We are committed to honest, unbiased reviews — see our editorial policy for details.
Our Review
Triumph Pay (backed by Triumph Financial, a NASDAQ-listed bank) combines freight factoring with banking services. This unique positioning allows carriers to manage factoring, business banking, and payment processing through a single financial partner. Best suited for growing fleets that want integrated financial services rather than standalone factoring.
Pros
- Backed by Triumph Financial (NASDAQ-listed bank) — financial stability
- Bundled banking and factoring simplifies financial management
- Strong carrier portal with invoice tracking and payment visibility
- TriumphPay network provides payment visibility across the industry
- Good for fleets wanting a single financial partner
Cons
- Factoring rates are mid-range — not the cheapest option
- Banking services add complexity that not all carriers need
- Setup process is longer due to banking compliance requirements
- Contract terms are less flexible than factoring-only companies
Our Verdict
Triumph Pay is a solid choice for growing fleets that want an integrated financial partner for factoring and banking. The Triumph Financial backing provides stability, and the bundled services add genuine convenience. However, for carriers who just need straightforward factoring at the best rate, simpler, cheaper options exist. Best for fleets that value the all-in-one financial relationship.
Rates & Terms
Factoring Rate
2.5-5%
Advance Rate
90-95%
Minimums
$5,000/month minimum
Contract
12 month contract typical
Standard recourse rates at 2.5-3.5%. Non-recourse at 4-5%. Advance rates of 90-95% on verified brokers. Bundled with Triumph banking products for potential savings on other financial services. Volume discounts for fleets factoring $50K+/month.
Features
| Same-Day Funding | |
| Non-Recourse | |
| Fuel Card | |
| Free Credit Checks | |
| No Minimums | |
| No Long-Term Contract | |
| Mobile App | |
| Broker Verification | |
| Fuel Advances | |
| Collections Included |