MercuryGate Launches LoadPay - Global Trade Magazine
  September 26th, 2016 | Written by

MercuryGate Launches LoadPay

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  • LoadPay enables third party logistics providers, brokers, and shippers to schedule automated payments to carriers.
  • Carriers often struggle with cash flow issues due to the inefficiencies of the historic industry payment model.
  • LoadPay will be seamlessly integrated within MercuryGate TMS.

MercuryGate International, Inc., a global provider of cloud-based transportation management solutions, announced the integration of LoadPay, a secure payment platform powered by Truckstop.com. LoadPay enables third party logistics providers, brokers, and shippers to schedule automated payments to carriers while offering the option of PayMeNow, a quick payment solution for carriers who elect to receive funds more rapidly.

MercuryGate TMS continues to be at the forefront of providing comprehensive and best-in-class solutions to its customers. LoadPay solves common industry pain points and is positioned to become the industry standard for providing payments quickly, securely and efficiently to all parties within the transportation industry.

“Carriers often struggle with cash flow issues due to the inefficiencies of the historic industry payment model,” said Monica Wooden, MercuryGate co-founder and chief executive officer. “Brokers, 3PLs, and shippers need a turnkey and secure solution to pay carriers and reduce fraud risk. LoadPay solves these universal issues. In addition to reducing payment risk, the integration of LoadPay will enable our customers to receive the benefits of the PayMeNow savings and having the ability for quick pay.”

LoadPay will be seamlessly integrated within MercuryGate to provide customers with a unique payment option which will save time and money for each company involved. Customers will be able to schedule and automate payments from within the transportation management system to easily facilitate all invoices and accounts payable. Communication between transportation partners will also greatly improve, as carriers will have real-time visibility to their cash flow through a simple, yet powerful mobile app.

“LoadPay resolves numerous, long-standing, industry challenges, and will revolutionize the payment process within the transportation industry,” said Farid Zaffar, LoadPay general manager. “The partnership between Truckstop.com and MercuryGate will be a major catalyst to that end.”

LoadPay is a secure payment platform which connects carriers, brokers, and shippers. Carriers maintain more control and visibility into their scheduled payments. Shippers and logistics professionals receive the benefits of carriers electing a PayMeNow option. LoadPay eliminates the need to ask carriers for banking information. LoadPay can significantly reduce the risk borne by shippers and logistics professionals when sending payments by check. PayMeNow provides carriers with more control over their cash flow.

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