Streamlining Payment Processing for Carriers

This article outlines essential components of the payment process, including payment inquiries and schedules, invoice submission, and available payment methods.

1. Contact for Inquiries: If you want to inquire about payment status, rate verification, reason for a charge or a deduction on a load, document issues please call at (872) 260-4947 or email at accounting@gtclogisticz.com.

1. Invoice Requirements:

   • Carrier Invoice

     Carrier invoice must show: carrier name and contact information; load details (e.g., load number, rate, date of service); total charges and any applicable fees

   • Rate Confirmation provided by the Broker

   • BOLs, PODs and all other related documents

2. Submission Methods:

   • Must be submitted via Email to accounting@gtclogisticz.com

   • An online portal for direct uploads (soon)

1. ACH Deposit: deposit is only made via ACH to an assigned carrier.

   (In order to process ACH, carrier must provide VOID check meeting these requirements:

   • Must contain carrier name or business name with address;

   • Must contain your financial institution name and address, with routing and account numbers;

   • Handwritten information or starter checks are NOT ACCEPTABLE.

   • Bank statement is NOT ACCEPTABLE.

   • VOID check with different carrier name or business name unless accompanied with the proof is NOT ACCEPTABLE.

     (Acceptable VOID check example attached below)

2. Payment to Factoring Copany: Payment to a factoring company occurs only when GTC Logisticz Inc receives a NOA (Notice of Assignment) from your factor. If you have switched factoring companies, a Letter of Release must be sent directly to accounting@gtclogisticz.com along with a new NOA.