Broker Not Paying An Invoice

Hi All -

Quick question. How do you handle a broker that refuses to pay? There was no problem with the load but he says "he does not have the money right now" and will pay in a couple of weeks.

Thanks.

Hi All -

Quick question. How do you handle a broker that refuses to pay? There was no problem with the load but he says "he does not have the money right now" and will pay in a couple of weeks.

Thanks.

Either wait the couple of weeks or court.

Thx. Is hitting their bond an option? Assuming he has it...

I think you should be patient because he is waiting for his client to pay him. If the shipper does not pay the broker on time it is difficult for him to pay his commission. A good freight broker needs to plan for these situations. Contact him and ask him or her when the shipper will pay him his commission. The shipper usually is late because they are still waiting for the payment of the consignee. It's like a cycle.

Drake - Thanks - you are correct. That is the best way to handle this. I was just thinking of how to handle the worst case scenario in case he does not pay.

I am doing a freight broker training besides my truck driving training. Therefore, I am able to view this industry from both perspectives. As a broker I will be able to understand the truck driver and as a truck driver I know what the broker goes through. I would start out as a freight agent working as an independent contractor for a freight broker.