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Disclaimers: Rubber Side Down acts solely as a referral partner to BasicBlock Inc. and is not involved in the provision of any factoring services offered. Rubber Side Down does not assume responsibility for any business transactions, outcomes, or any other aspect of the business relationship between BasicBlock Inc. and its clients. All inquiries and matters pertaining to factoring services provided by BasicBlock Inc. should be directed to support@basicblock.io. A factoring fee of 2.5% of the invoice value applies. In some instances, a carrier may be eligible for a lower factoring rate than 2.5%. Next Day ACH payments are free. BasicBlock has established cutoff times (2pm CST) for receipt of payment instructions and you understand that BasicBlock cannot and does not guarantee any specific time in which ACH transactions initiated through your BasicBlock Account will be completed. Same Day Payment is available for $5. If submitted and approved prior to 2pm CST, funds will be available by 4pm CST. BasicBlock utilizes the RTP Network to issue Same Day Payments. Real-Time Payments (RTP) are account-to-account transactions that clear and settle near instantaneously via the RTP® Network. The RTP Network is owned and operated by The Clearing House. Anytime Payment / Instant Funding / 24/7 Funding is available for $30, provided the load is pre-approved. BasicBlock utilizes the RTP Network to issue Anytime, Instant, or 24/7 Payments. Real-Time Payments (RTP) are account-to-account transactions that clear and settle near instantaneously via the RTP® Network. The RTP Network is owned and operated by The Clearing House. Non-recourse factoring means that we cover any losses due to broker insolvency. No Contracts means no defined contract term. As long as there is no open balance on your account we will provide LOR & UCC3. If there is an open balance, you can purchase any open receivables to close your account or have another factoring company do so.
The use of BasicBlock Inc.’s services is subject to our terms and conditions. Please contact our support team at support@basicblock.io if you have any questions.