Payment setup & first settlement
Stage 1 · Driver Recruitment & Compliance
P1Initial MVP
Four-Lane View
Software Function
- ›W-9 + bank verification (instant micro-deposit/Plaid-style) Settlement engine: 7-day pay, $0 fee, line-item transparent Real-time settlement preview on every load offer — driver sees net before accepting 1099-NEC automation; YTD earnings dashboard
Service Provider / Admin
- ›Treasury dashboard: float exposure by week (the $9M working-capital constraint made visible) Exception queue for settlement disputes with SLA Deduction governance: nothing hits a settlement without driver-visible authorization
User — Driver / IOO
- ›Paid in 7 days, free, forever — published, not promised Every settlement itemized; YTD tax view; instant statement export No factoring needed on FreightShift loads
Logistics Company — FreightShift
- ›Retention economics: 7-day/$0 pay is what keeps recruited capacity from churning — IOO retention FREIGHTSHIFT tracked as the payback on every recruiting dollar Float exposure per week visible from day one (the $9M working-capital constraint measured, not discovered) First-settlement experience monitored as a KPI — most IC churn happens in month one
Software Function
- ›W-9 + bank verification (instant micro-deposit/Plaid-style) Settlement engine: 7-day pay, $0 fee, line-item transparent Real-time settlement preview on every load offer — driver sees net before accepting 1099-NEC automation; YTD earnings dashboard
Competitors
Openforce (settlements, 2.95% take), Uber Freight QuickPay (free → 2.5%, resented), HaulPay (≤3% factoring), Outgo (now DAT)
Differentiation
The whole industry monetizes driver impatience. We publish 7-day/$0 as a permanent term — the recruiting weapon Uber handed us when they started charging for QuickPay.
Make It Better
First settlement lands within 7 days of POD with zero deductions the driver didn’t pre-authorize — and the settlement preview was accurate to the penny.