Fuel Discount Cards for Truckers
In the trucking business, operating costs accumulate faster than profits, affecting proper cash flow and, ultimately, the entire operation. For this reason, FactorLoads, in partnership with Electronic Funds Source (EFS), offers fuel cards with a discount to help you save money. This savings program is available to existing FactorLoads clients.
Understanding Fuel Discount Cards
A fuel card enables access to discounted diesel rates at major truck stops. These fuel cards are ideal for owner-operators and small or mid-sized trucking business owners who want to improve their cash flows. They’re also suitable for anyone who wants to track fuel costs with detailed reports.
How EFS
Fuel Cards Work
Fuel cards save cents per gallon and are acceptable at supported truck stops. Here’s how to use this card:
- Visit a participating truck stop or fuel station that accepts your fuel card to access available savings.
- Select your preferred fuel type and fill your tank as needed.
- Pay with your fuel card at the pump or inside the station.
- Enjoy eligible savings and reduce the total cost of your fuel purchase.
EFS Fuel Discount Card Features
The features of a fuel discount card will vary from provider to provider. Let’s look at what you get with an EFS card:
- About 15 cents off for every gallon of fuel
- Ability to fuel your truck at over 12,000 truck stops
- Total control over your card, meaning you can set up customized authorization controls, fraud prevention and truck reports
- Easy integration of the EFS card with your existing business software
- Ability to manage your card through the EFS CarrierControl mobile app
- 24/7 customer assistance
Network Size and Acceptance
EFS cards offer access to fuel discounts, but the participating locations and savings available can vary. Before choosing either card, check the fuel stops along your regular routes to see if one has better coverage than the other.
Typical Fuel Discounts Through FactorLoads
Fuel discounts can add up quickly for carriers who purchase fuel regularly. The available fuel discounts offered by EFS vary depending on the fuel stop location, current fuel pricing, and the terms of your fuel card program. Before selecting a fuel card provider, you may want to compare the current discount offered at the fuel stops you use most often.
Fees, App, and Card Controls
While fuel discounts and savings can add up quickly, they are only part of the equation when it comes to fuel cards. Be sure to consider transaction fees, mobile app features, and card controls that can affect the overall value of the card. Fees and charges can vary by program, so be sure to review contracts carefully.
How Funds Are Loaded After Factoring
Access to funds can be just as important as the fuel discount itself. FactorLoads can transfer payments directly to your EFS accounts, according to your account setup and payment instructions. Our knowledgeable team can help you set up and manage your fuel card system in a way that works best for you and your company.
Network Size and Acceptance
EFS cards offer access to fuel discounts, but the participating locations and savings available can vary. Before choosing either card, check the fuel stops along your regular routes to see if one has better coverage than the other.
Typical Fuel Discounts Through FactorLoads
Fuel discounts can add up quickly for carriers who purchase fuel regularly. The available fuel discounts offered by EFS vary depending on the fuel stop location, current fuel pricing, and the terms of your fuel card program. Before selecting a fuel card provider, you may want to compare the current discount offered at the fuel stops you use most often.
Fees, App, and Card Controls
While fuel discounts and savings can add up quickly, they are only part of the equation when it comes to fuel cards. Be sure to consider transaction fees, mobile app features, and card controls that can affect the overall value of the card. Fees and charges can vary by program, so be sure to review contracts carefully.
How Funds Are Loaded After Factoring
Access to funds can be just as important as the fuel discount itself. FactorLoads can transfer payments directly to your EFS accounts, according to your account setup and payment instructions. Our knowledgeable team can help you set up and manage your fuel card system in a way that works best for you and your company.
Fuel Card
Benefits
Joining the FactorLoads fuel card program offers the following benefits:
Improved cost savings
You’ll save money on diesel and reduce operating costs. While you only receive several cents off per gallon, these savings add up over time, allowing you to minimize expenses.
Enhanced expense management
Our fuel cards provide reports that simplify expense management.
Better controls
Our cards enable you to set transaction limits, allowing you to control expenses as you see fit.
Easier International Fuel Tax Agreement (IFTA) reporting
Get access to information that you can use to prepare IFTA fuel tax reports.
Informed decision-making
Reports help you identify quicker routes for better fuel efficiency.
Common EFS Problems and How to Fix Them
While EFS fuel cards can provide access to discounts and savings, occasional issues can arise. Fortunately, FactorLoads clients don’t need to worry about accessing funds. Our 24/7 customer assistance team can help you resolve any issue quickly. Here are some common problems carriers face when using EFS cards:
Why Was My EFS Card Declined At The Pump?
An EFS card may be declined because of insufficient funds, security restrictions, or because you are trying to use it at a non-participating station. You can use your mobile app to check your balance, verify participating locations, and confirm card details. If the problem persists, contact EFS or FactorLoads customer assistance for additional help.
What Should I Do If I Hit An EFS Authorization or Transaction Limit?
Your EFS card may have limits and restrictions depending on your account settings. Be sure to check your account balance and know your card controls before using your EFS card. If you hit an unexpected limit, reach out to your account manager to review your options.
What Do I Do If My EFS Card Is Lost Or Stolen?
You should report a lost or stolen EFS card immediately. Your EFS account manager can help you secure your account and request a replacement card.
How Do I Reset My EFS Card PIN?
If you forget your PIN or your card is blocked, use your account management tools or contact your EFS account manager for PIN reset instructions.
Access Fuel Savings With FactorLoads
At FactorLoads, our collaboration with EFS makes it easier for you to run your trucking business. We understand the cash flow challenges that owner-operators and small and mid-sized businesses face, and we’re committed to solving them by helping you minimize operational costs.