Bobtail
Bobtail offers Fleet Card and Factoring services, providing fuel savings and flexible funding solutions for carriers.
Fleet Card and Factoring Services
Bobtail offers fleet card and factoring services designed to support trucking businesses. The company's Fleet Card provides substantial fuel savings at partner locations such as TA, Petro, TA Express, and Maverik, with users able to save up to 28¢ per gallon at participating locations. Additionally, the Bobtail Zero Mastercard® offers no transaction fees or late payment fees and can be used wherever Mastercard is accepted. Bobtail's factoring service, which charges rates ranging from 1.99% to 3.24% depending on volume and other factors, allows carriers to choose which invoices to factor without long-term contracts. Same-day and next-day funding is facilitated through Bobtail's partnership with Bank of America.
Bobtail Zero Mastercard®
The Bobtail Zero Mastercard® is a versatile fleet card aimed at providing significant fuel savings and financial flexibility. The card can be used anywhere Mastercard is accepted, ensuring widespread utility. Notably, the Bobtail Zero Mastercard® involves no fees for transactions, late payments, or any other charges. The card supports fuel savings at a network of over 350 truck stops, including major locations such as Roady’s and independent retailers. Users also benefit from an average of 40¢ per gallon savings at Speedway locations and 5¢ per gallon at 93 Maverik locations. Additionally, the card allows fuel reservations through the Bobtail app.
Factoring Referral and Affiliate Programs
Bobtail offers a Factoring Referral Program and an Affiliate Referral Program, aiming to expand their service reach and provide mutual benefits to participants. These programs incentivize individuals and businesses to refer new clients to Bobtail's factoring services. The company's factoring service is noted for its flexibility, including no long-term contracts and the ability for carriers to choose which invoices they want to factor. With a competitive fee structure ranging from 1.99% to 3.24%, depending on volume and other factors, Bobtail's factoring services are designed to be cost-effective and efficient for trucking businesses.
Mobile App for Invoice Management
Bobtail provides a mobile app that allows users to manage their invoices and track their status efficiently. The app is designed to streamline financial operations for carriers, enabling same-day and next-day funding through Bank of America. By using this mobile platform, users can factor invoices and access funding without the need for lengthy contracts or complicated procedures. The app also supports fuel reservations, adding another layer of convenience for fleet management. Bobtail’s mobile app is a crucial tool for improving cash flow and operational efficiency in the trucking industry.
Headquarters and Business Locations
Bobtail operates its headquarters at 9466 Georgia Ave, PMB 2108, Silver Spring, MD 20910. The company also has a location for Bobtail Wallet at 8865 Stanford Blvd, Suite #202, Columbia, MD 21045. These strategic locations support Bobtail's business operations, enabling them to effectively manage over 800,000 invoices and fund more than $1 billion in invoices to date. The company’s geographical presence ensures it can provide comprehensive fleet card and factoring services to clients across various regions.