Fund Experian Payroll by Credit Card

Fund Experian Payroll by Credit Card
Fund payroll using your business credit card.

On-Time Payments
Meet payroll deadlines without delays.

Effortless Transfers
Automatically transfer funds to your payroll account.

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Zil Money is a fintech, not a bank. FDIC coverage is provided through our partner banks Texas National Bank and Lincoln Savings Bank.

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From Payroll to Trade Finance – One Platform, All Payments.

1M+

 

online business
accounts

100B+

 

transaction
value

16M+

 

checks
processed

Using Credit Cards to Save Money on Business Expenses

Cash Back Rewards

Earn Cash Back: Credit cards like the Capital One Spark Card offer 2% unlimited cash back, while the American Express Plum Card offers 1.5% unlimited cash back.

Offset Fees: Using a credit card with cash back can partially offset the 2.90% process fee, reducing the effective cost.

Tax Benefits

Tax-Deductible Fees: The 2.90% process fee can be filed as a tax-deductible business expense, offering some financial relief.

Additional Tax Breaks: Depending on the jurisdiction and tax codes, you may be eligible for additional tax breaks for using credit cards for business expenses.

Cash Flow Management

Cash Float Period: Credit cards often provide a 30 to 45-day payment window, allowing businesses to manage their cash flow better.

Utilize Funds: During this period, the funds can be invested in short-term opportunities or other revenue-generating activities.

Floating Revenue from Bank

Float Revenue – Cash Incentive Earnings: The funds in your bank account for 30 to 45 days could earn Cash incentive or be invested in short-term revenue-generating activities.

Capital Utilization: The cash float period allows you to strategically utilize your capital for other pressing needs or investment opportunities.

Detailed Example: Capital One Spark Card

  1. Process Fee: 2.90%
  2. Cash Back: 2%
  3. Tax Break: 0.06%
  4. Final Fee: 0.35%
  5. Additional Benefit: 30-45 days of cash flow management and float revenue.
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Solve Cash Flow Issues with Payroll by Credit Card

Use your business credit card to fund payroll and avoid delays in payments. Paying with a credit card ensures you meet payroll commitments on time without impacting your cash reserves.

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Get Rewards While Paying Payroll

Use your business credit card for payroll and rack up rewards or cashback. Turn payroll payments into valuable benefits with every transaction.

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Boost Your Credit Score with Payroll Payments

 

Paying payroll with your business credit card can help boost your credit score. Consistent, timely payments show responsible credit use and improve your creditworthiness.

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Why Zil Money!

A technology-first approach
to payments and finance

Easy to Access

High Security

Easy Payment

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Access Zil Money Anywhere, Anytime

 

Use the Zil Money app on your phone or laptop to manage payroll on the go. Get the user-friendly Zil Money app from Google Play or the Apple App Store for seamless payroll management from any device.

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Frequently asked questions

FAQ Section
Can you pay payroll with a credit card?
Yes, you can pay payroll with a credit card and earn cash-back rewards. Zil Money allows users to transfer credit card funds to business checking accounts, allowing for smooth payroll processing.
How do credit cards reward work?
Credit card rewards depend on your credit card provider - some financial institutions offer cash back while others offer points or travel miles. You earn rewards when you use your credit cards to make a purchase or pay bills. You can pay vendors by credit card easily through Zil Money.
How to do payroll?
Small businesses can easily manage payroll with payroll software. By entering employee information and hours worked, businesses can generate accurate paychecks. You can fund Experian payroll by credit card with Zil Money.
Accounts Payable vs Payroll
Accounts payable is the money owed by a business to vendors and suppliers while payroll involves calculating and disbursing employee wages. You can handle both accounts payable and payroll with Zil Money.

Every Customer Review
is a Story of Trust

"
During a cash shortage while waiting for clients to pay me, Zil Money let me put my payroll on my credit card. It provided a bridge so my business did not suffer. It was super easy to set up and use.