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Logo of PayCargo

PayCargo

Website LinkedIn

Last updated on

Company health

Employee growth
17% increase in the last year
Web traffic
28% decrease in the last quarter
Financing
December 2021 - $290M

Ratings

G2
2.7/5
(4)
Glassdoor
4.1/5
(8)

PayCargo description

PayCargo is a financial platform designed for the logistics industry to simplify payments between companies and their freight providers. Its online solution allows businesses to send payments, automate invoice processing with AI, and access a large network of carriers. PayCargo aims to speed up cargo movement, reduce payment processing costs, and provide better transparency in accounts payable and receivable processes.


Who is PayCargo best for

PayCargo is a financial platform streamlining payments for freight forwarders and logistics companies. Users praise its fast payment processing, especially for international shipments, and helpful customer service representatives. However, some users have reported high transaction fees and occasional issues with customer service. PayCargo offers various plans to accommodate different business sizes and needs.

  • Ideal for medium to large businesses in the logistics industry (100+ employees).

  • Specifically designed for the transportation and logistics sector.


PayCargo features

Supported

PayCargo enables businesses to send payments to their freight providers through various payment methods.

Supported

PayCargo uses AI to automate invoice processing, reducing manual effort and improving efficiency.

Supported

PayCargo offers access to a large network of carriers, facilitating easier payment and communication.

Supported

The PayCargo Account and Enterprise plans allow users to process multiple transactions simultaneously.

Supported

PayCargo provides users with a detailed history of their transactions.

Supported

PayCargo offers automated refund processing for eligible transactions in the Account and Enterprise plans.

Supported

The Enterprise plan allows for custom API integrations to connect with existing business systems.


PayCargo reviews

We've summarised 25 PayCargo reviews (PayCargo TrustPilot reviews and PayCargo G2 reviews) and summarised the main points below.

Pros of PayCargo
  • Fast and easy payment processing, especially for international and freight shipments.
  • Positive experiences with specific customer service representatives like Samantha, Jordano, and Jessica who are praised for their efficiency and helpfulness.
  • Easy-to-follow audit trails for payments.
  • Streamlined process for paying for customs and incoming US shipments.
  • Quick resolution of payment errors and refunds, often within minutes, when assisted by competent customer service.
Cons of PayCargo
  • High transaction fees (3.5% + $15) are a common complaint, with some users finding it excessive and comparing it unfavorably to alternatives like PayPal.
  • Difficulty finding the correct company to pay and required payment information.
  • Hidden subscription fees and unexpected charges, leading to negative user experiences and accusations of deceptive practices.
  • Reports of rude and unhelpful customer service representatives, particularly regarding refunds and disputes.
  • Account closures and payment issues stemming from PayCargo's internal errors, yet blaming the customer.

PayCargo pricing

The commentary is based on 4 reviews from PayCargo G2 reviews and PayCargo TrustPilot reviews.

PayCargo's pricing structure, including a 3.5% + $15 fee per transaction and a potential annual subscription fee, has drawn considerable criticism for being expensive and non-transparent. Users have reported feeling misled by undisclosed charges and frustrated by the lack of value received for the price. Some find the fees prohibitive, especially compared to alternatives.

Users sentiment

Strongly negative
-1

See the PayCargo pricing page.

Ship & Pay
$18 per transaction/transaction

Pay with credit card only. Unlimited transactions. No annual fee. 3.8% credit card processing fee (of total transaction amount). $5,000 transaction limit. No registration needed. No refund assistance.

PayCargo Account
$14.5 per transaction/transaction

Pay via ACH, Credit Card, or PayCargo 30-day Line of Credit. Unlimited transactions. $350 annual fee per user. $3,000 - $1 Million Overnight Limit (can be increased upon request). Batch transactions. Transaction history. Automated refunds. 3.8% Credit Card processing fee (of total transaction amount). Quick approval for up to $50 Million through PayCargo Capital.

PayCargo Enterprise
Custom

Pay via ACH, Credit Card, PayCargo 30-day Line of Credit or Prepaid Account. Unlimited transactions. Unlimited Overnight Limit. Batch transactions. Transaction history. Automated refunds. Premier customer support. Request custom reports. Custom API integrations. Quick approval for up to $50 Million through PayCargo Capital.


PayCargo alternatives

  • Logo of Airwallex
    Airwallex
    Global business banking: simpler, faster, and more affordable.
    Read more
  • Logo of Descartes Forwarder Enterprise Suite
    Descartes Forwarder Enterprise Suite
    Streamlines freight forwarding: operations, accounting, and customer visibility.
    Read more
  • Logo of GoComet
    GoComet
    AI-powered freight management for lower costs and smarter shipping.
    Read more
  • Logo of Logisoft
    Logisoft
    Streamlines vehicle shipping operations, automating tasks and boosting efficiency.
    Read more
  • Logo of FT TMS
    FT TMS
    Streamlines Indian logistics, boosts efficiency, and cuts costs.
    Read more
  • Logo of Shipthis
    Shipthis
    Streamlines freight forwarding: operations, accounting, and client portal.
    Read more

PayCargo FAQ

  • What is PayCargo and what does PayCargo do?

    PayCargo is a financial technology platform streamlining payments within the logistics sector. It automates invoice processing, offers a broad carrier network, and simplifies transactions, boosting efficiency and transparency for freight payments. It's ideal for logistics companies needing faster payment processing and simplified financial operations.

  • How does PayCargo integrate with other tools?

    PayCargo's Enterprise plan offers custom API integrations, allowing businesses to connect PayCargo with their existing systems. This facilitates streamlined data flow and process automation between platforms. Other plans don't include API access, limiting integration capabilities.

  • What the main competitors of PayCargo?

    Alternatives to PayCargo include GoComet for AI-driven freight management, Descartes Forwarder Enterprise Suite for streamlined operations, and Logisoft for vehicle shipping automation. Airwallex offers global business banking solutions, while FT TMS focuses on Indian logistics.

  • Is PayCargo legit?

    PayCargo is a legitimate payment platform for the logistics industry. While generally praised for fast payments and helpful customer service, users have reported issues with high transaction fees, hidden charges, and occasional unhelpful customer service. Consider these factors when deciding if PayCargo is safe and suitable for your needs.

  • How much does PayCargo cost?

    PayCargo offers three plans: Ship & Pay at $18 per transaction plus a 3.8% fee, PayCargo Account at $14.50 per transaction plus fees and a $350 annual fee, and PayCargo Enterprise with custom pricing for high-volume businesses. No free trials or free plans are available.

  • Is PayCargo customer service good?

    PayCargo's customer service receives mixed reviews. While some customers praise specific representatives like Samantha for their efficiency and helpfulness in resolving issues quickly, others report negative experiences with rude and unhelpful representatives, especially regarding refunds and disputes.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.