Payments
Deep Dive:
Freight &
Logistics

Take a close look at the state of payments, the challenges logistics firms face, and the areas where you can seize the opportunity and grow your freight business.

The shape of payments in the logistics industry today.

The logistics industry is all about speed, efficiency, and accuracy. Payment transactions often occur on-the-fly, elevating the importance of real-time invoicing and payments. On one end, manufacturers are facing greater expectations around efficiencies & performance. On the other, customers expect faster time to market, thereby placing increased pressure on the logistics industry.

Three major emerging trends that Plastiq can provide solutions for are: a) the rise in reverse logistics operations, b) the emergence of last mile deliveries and c) increased logistics automation opening up new SMB audiences.

Key Payment Challenges

Logistics firms are facing some common challenges.

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Predicting
cash flow

The biggest pain point is knowing exactly when a payment will be received. This is particularly damaging to smaller carriers.

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On-the-fly
payments

Payments are increasingly coming outside of normal business hours, adding more pressure on remote customer service providers & extended hours.

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Payments
delays

The inability to cross match invoice against PO/delivery documentation leads to delay, greater fraud risk and non-compliance.

Plastiq Accept Solutions

Plastiq Accept meets the challenges.

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Predict your
cash flow

Plastiq Accept automates end-to-end payment visibility, from request to delivery.

On the fly payments icon

On-the-fly
payments

Plastiq Accept promotes real-time payment collection with increased flexibility via multiple payment method options.

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Eliminate
payment delays

Plastiq Accept creates & sends payment requests instantly via email or text.

Plastiq Accept solves payment problems before they're problems.

Promotes real-time payment collection

Promotes real-time payment collection

Tracks open “unpaid” payment requests

Tracks open “unpaid” payment requests

Advanced reporting & real-time notifications

Advanced reporting & real-time notifications

End-to-end payment reports

End-to-end payment reports

Flexibility to adjust to payment challenges

Flexibility to adjust to payment challenges

Automated process shortens collection times

Automated process shortens collection times

More flexibility—offers multiple options

Offers more flexibility with multiple options

Enables card acceptance for budget-constrained SMBs

Enables card acceptance for budget-constrained SMBs

Get Paid phone

Start using Plastiq Accept
 and stop chasing payments.

Logistics is an industry driven by payments. Being cash-intensive, transactions often occur on-the-fly placing the burden on real-time invoicing & payments. Plastiq Accept enables real-time payment collection anywhere, anytime, getting you paid faster. Large or small, payments are delivered to your account in 2-3 days, enabling better cash flow predictability and without paying processing fees.

Allen Lund saves on fees with Plastiq Accept.

The challenge: Allen Lund’s revenue comes primarily from large transactions and they needed a way to get paid faster at lower cost.

The solution: By leveraging Plastiq Accept payment requests, they can promote real-time payments, easily reconcile and track the payment process⁠—without the hassle of managing a merchant account themselves or processing fees.

Think Plastiq Accept is right for your business?

Want more info? Request a demo