Rates and Fees

How are factoring fees charged on-demand?

At Outgo, we don’t factor invoice by invoice. Instead, the value of all of your Unpaid Approve Invoices is available in your Factorable Balance

On your home page you'll have a Factorable Balance. This balance is the total amount of money that is factorable from your unpaid approved invoices.

When you spend money from your Outgo account, your Outgo account will always pay for that expense out of your Checking Balance. If your Checking balance equals zero then we'll automatically transfer money from your Factorable Balance to your Checking Balance to fund the transaction. That way you only factor when you really need to.

You can spend it on-demand with your Outgo Card or by transferring the money outside of your Outgo account. You're charged a factoring fee when you decide to spend and the expense requires part of your factorable balance to fund the transaction.

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Invoicing

Factoring

How soon will funds be deposited into my account?

You can access funds after you submit your Rate confirmation and Bill of lading are approved based on the broker’s status & eligibility.

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Four hour funding qualifications

Broker is approved for factoring

Documents are submitted before 3pm EST / 12pm PST

You’ve previously worked with this broker on the Outgo platform

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Within 2 business days

Approved brokers you haven’t worked with previously on the Outgo platform or if a rate verification is required.

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If the broker isn’t approved or the invoice isn’t eligible for factoring, funds will be deposited in your Checking account when the invoice is paid by the broker.

Outgo Account

My Account