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Wayste ReadyPay FAQ

What is Wayste ReadyPay?

Wayste has created ReadyPay so you have the option to get paid right away instead of waiting 30, 45, or even 60 days for your customers to pay you. Simply issue an invoice like you always do, and then accelerate your payment through Wayste ReadyPay, powered by Liftline.

Enrollment is completely free, giving you the flexibility to accelerate payments only when you need to for a 2% fee. No subscriptions or recurring fees.

Customers continue paying you the same way they always have, and they won’t know whether you use ReadyPay or not.

How does Wayste ReadyPay work?

If you choose to accelerate a payment with ReadyPay, you’d receive up to 85% of the invoice value by the next business day, minus the 2% fee for accelerating the invoice. For example, if you accelerate a $1,000 invoice, you’d receive $830 in your account.

Once your customer pays the invoice, the payment is automatically settled through ReadyPay. In the above example, you would keep the remaining $150 from the $1,000 payment after the accelerated amount (85%) and 2% fee are accounted for.

How do I enroll?

Let the Wayste team know you’re interested by replying to this email or booking a call here, and we’ll send you a secure enrollment link. Signup only takes a few minutes. Here’s what you’ll need:

  • Legal business name and EIN (or SSN if you’re a sole proprietor)
  • Physical business address (not a PO box) and phone number
  • Website link or a one-line description of your business
  • Date of birth, home address, and SSN for owners with 25% or more ownership

The above information is used to confirm your business identity, assess risk, and prevent financial crimes like money laundering and fraud.

Most haulers are approved within minutes. Once you’re verified, the Wayste team can walk you through the dashboard, how to accelerate invoices, and set up customers.

What happens if a customer doesn’t pay?

You are not responsible for covering an unpaid invoice if a customer goes bankrupt or is a confirmed credit failure. The Wayste team handles the insurance and collections process, and you keep the advanced payment you already received.

If there’s ever a disputed charge or fraud issue, it’s handled the same way it normally would today. You would repay the accelerated amount to Wayste while the dispute is resolved with the customer. To help reduce risk in the first place, we have built-in fraud protections within the Wayste platform.

How much can I accelerate per customer?

The amount you can accelerate depends on the individual customer. Each customer has a limit based on their credit profile, which determines how much invoice volume can be accelerated at one time.

How does Wayste ReadyPay benefit my business?

Get faster access to money you’ve already earned instead of waiting weeks for customer payments to come through. Enrollment is free, there’s no minimum volume requirement, and you have full flexibility to use it only when you need to. No subscriptions or recurring fees.

How Faster Payments Support Your Day-to-Day Operations

  • Slow winter months. Lower rental volume during a slow season can mean less revenue, but fixed costs like truck maintenance, insurance, and payroll don't stop. Faster access to cash can help keep operations steady.
  • Construction and spring cleaning rental surges. When the busy season hits, you’ll need cash on hand before the revenue actually arrives.
  • Equipment purchases. Dumpsters, compactors, and trucks are essential for growth, but slow payment cycles can delay expansion. Faster access to your earnings can help you grow your fleet without waiting on loan decisions or slow-moving banks.
  • Emergency truck repairs. A broken-down truck means lost revenue each day it’s sitting in the shop. Faster access to cash can help you cover repairs and get vehicles back on the road sooner instead of waiting 30 to 60 days for invoice payments.
  • Fuel cost spikes. When gas prices rise unexpectedly, faster payments can help cover day-to-day operating expenses while you wait for invoices to be paid.
  • Slow-moving commercial accounts. Your large commercial customers may have 30- to 90-day payment terms. This creates a long delay between service and payment.
  • Municipal contract delays. Government contracts can be slow to pay. If you won a municipal bid, you could be waiting months for payment.
  • Broker payment lag. Brokers often collect payment before paying you. Faster access to cash can help reduce the impact of those delays and keep operations moving.
  • Payroll obligations. Drivers and yard staff are often on a set payroll schedule regardless of when customers pay. Accelerated invoices can supplement payroll.
  • Insurance renewals. Annual insurance payments are large upfront expenses that often come due before customer invoices are paid..
  • Permit & licensing fees. Hauling permits, DOT costs, and state environmental fees are non-negotiable expenses that cannot wait for invoice cycles.