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TBS vs. Outgo: Which is the better factoring company?
Here’s what Outgo offers
Rates as low as 1.0%
No annual contracts
Non-recourse is free
Instant access to funds
No reserves
Transparent pricing
Compare for yourself
TBS
Rate
Not publicly available
2.5% or less based on your fleet size
Smart Factoring
No Smart Factoring
Get an an even lower rate with Smart Factoring
1% on purchases with the Outgo Card
Payout speeds
Within 24 hours
Within 4 hours
Even better—50% of our invoices are factorable in 90 minutes or less. 25% of invoices within 15 minutes.
Contracts
Short and long-term contracts
Dependent on if you select recourse or non-recourse option.
Short-term contracts
Free to cancel within 15 days.
Recourse
Recourse and non-recourse
Rate difference is not publicly available
Non-recourse standard
If a factorable broker goes bankrupt or folds, you won’t have to repay payments received.
Reserves
Reserves
Dependent on if you select recourse or non-recourse option.
No reserves
Broker credit checks
Free broker credit checks
Free broker credit checks
Instant transfers
Transfer instantly to your EFS or Comdata fuel card
Fees not publicly available
Factor instantly on your Outgo Card
Transfer instantly using Visa Direct Network
1.0% fee (Max $20.00 fee)
ACH transfers
Not publicly available
Free ACH Transfers
Wire transfers
Not publicly available
$20.00 wire fee
