Simplify payments: ending the cash flow crisis
In trucking, the work is hard, but getting paid for it is often harder. The current payment system is a legacy trap that punishes efficiency and rewards middlemen. Carriers complete a job, submit paperwork, and then enter a 30 to 60-day purgatory waiting for payment, all while needing cash for fuel, repairs, and driver salaries. This crisis forces them into the arms of factoring companies—a $100+ billion industry that charges a premium for solving a problem it helped create.
The Factoring Trap: A Tax on Trust and Time
- The Cost of "Quick" Cash: Factoring companies typically charge 1.5% to 5% of the invoice value for "quick pay" services. For a carrier with $50,000 in monthly invoices, this translates to $750 - $2,500 lost every month, or $9,000 - $30,000 annually—money directly siphoned from their profits
- The Hidden Inefficiency: The process itself is archaic. It involves manual submission of documents (proof of delivery, invoices), verification calls, and lengthy agreements. It's a trust-based system prone to delays and disputes, creating administrative overhead and uncertainty.
- The Strategic Handcuff: Reliance on factoring locks carriers into a cycle of dependency. It limits their negotiating power and ties up capital that could be used for growth, maintenance, or weathering market downturns.
Our Solution: HuntPay & The LHUNT Settlement Layer
We are re-engineering the financial backbone of freight with HuntPay—an integrated payment and settlement module. Its core innovation is leveraging blockchain technology and the $LHUNT utility token to create a transparent, automated, and near-instant settlement protocol, moving from a system of invoicing and waiting to one of verification and payment.
How It Transforms the Payment Flow:
- Automated Verification & Trigger: Within the HuntOne ecosystem, the completion of a job is a verifiable digital event. The digital proof-of-delivery from HuntTMS, coupled with GPS and ELD data from HuntDrive, creates an immutable, auditable record. This record automatically triggers the settlement process, eliminating manual invoicing and verification delays.
- Peer-to-Peer Settlement Engine (Powered by $LHUNT): Here, $LHUNT acts as the core utility. The token can facilitate direct, programmed value transfer between parties.
- For Instant Settlement: A shipper or broker can pre-authorize payment in $LHUNT to be released automatically upon verified delivery. The carrier receives payment in minutes, not weeks.
- For Low-Cost Financing: Instead of selling an invoice to a third-party factor at a 3-5% discount, a carrier could use the verified delivery record as collateral to access liquidity from a decentralized finance (DeFi) pool at a fraction of the cost, with $LHUNT facilitating the transaction and governance.
- For Frictionless Cross-Border & Micropayments: $LHUNT enables seamless, low-fee payments without traditional banking hurdles, ideal for quick accessorial charges (lumper fees, tolls) or international hauls.
- The Result: A New Financial Paradigm:
- From 30-60 Days to <60 Minutes:Drastically reduced payment cycles improve cash flow predictability and health.
- From 3-5% Fees to <1%:Disintermediation slashes the cost of accessing capital and payments.
- From Disputes and Uncertainty to Transparency and Trust: An immutable record on the blockchain reduces conflicts and builds trust between carriers and shippers.
Why This Matters Beyond "Faster Payments":
Simplifying payments is not just a convenience; it's a strategic liberation. By solving the cash flow crisis, we enable carriers to:
- Reinvest in Their Business: Retained capital from slashed factoring fees can fund newer equipment, technology, or driver benefits.
- Gain Negotiating Power: Freedom from factoring dependency allows carriers to choose better-paying loads and clients.
- Build Financial Resilience: Predictable, immediate cash flow creates a stronger, more stable business capable of weathering economic shifts.
HuntPay, powered by the $LHUNT utility, is more than a payment feature. It is the financial nervous system of the HuntOne ecosystem—a critical step in moving the trucking industry from an analog, intermediary-heavy economy to a digital, peer-to-peer network where value flows directly and efficiently to those who create it.