Businesses and individuals can process ADP payroll by credit card without any additional procedures or charges.
According to KFF, about 154 million Americans rely on their employers for health insurance.
The annual open enrollment period for health benefits is now underway at many workplaces. According to surveys, employers expect the costs of health benefits to increase by 8% on average in 2025, after years of more modest increases.
As a business, you may need to provide healthcare benefits to your employees, but these rising costs become a barrier, right? Without any extra charges and with sufficient funds, you can make payroll and other benefits easily. The platform provides credit card transactions to enhance your business’s cash flow management.
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8 Reasons Why You Should Use Credit Cards for Your Business
Process Payroll Effortlessly with Credit Cards
Many businesses offering health benefits can now use credit cards via Zil Money to cover payroll expenses, including employee health insurance premiums. This means you can process payments faster without waiting for traditional transfers. A small company providing health coverage can use a credit card to pay insurance premiums on time, even when cash reserves are low. Businesses can ensure uninterrupted employee benefits with the software.
Earn Valuable Reward Points While Paying Employees
Using a business credit card for payroll allows you to accumulate reward points, cashback, or miles with the platform. For example, a mid-sized company paying its employees’ health insurance premiums with a credit card could rack up points that can later be redeemed. Users can use these points for business travel, equipment, or even gift cards to reward top performers. Over time, these rewards can add great value to your business. Earn by spending!
Improve Cash Flow Flexibility
By paying payroll and health benefits with a credit card, you can manage your cash flow more effectively. It can be useful if you’re facing a temporary cash crunch or waiting on customer payments. A business experiencing seasonal revenue dips can still cover health benefit costs on time by using their credit card. Users can avoid any disruption in employee benefits while waiting for income to stabilize.
Boost Employee Satisfaction
Happy employees are more productive, and knowing their health benefits are being consistently covered can give them peace of mind. Paying for health benefits by credit card ensures payments are always on time, without the risk of bounced checks or delays. If a startup is tight on cash, they can still ensure that their employees’ health premiums are paid on time. Businesses can have a bunch of satisfied and reliable employees by using Zil Money.
Flexible Payment Options
Zil Money provides flexible payment options via credit cards, allowing businesses to transfer payments easily. When managing employee health benefits, businesses can take advantage of the platform’s ACH, wire transfers, virtual cards, and check mail. These options offer businesses the ability to tailor payments to their cash flow needs. A company facing a rise in insurance premiums can choose to pay by ACH or wire transfer for immediate settlements via credit cards. If the payee prefers traditional checks, the software’s check mail via credit card feature ensures payments are delivered on time. The flexibility helps businesses maintain smooth operations without compromising employee health benefits.
Pay Vendors Using Your Credit Card
With Zil Money, businesses can pay health insurance providers and other vendors with a credit card. This is a great way to centralize all business expenses on one card, making tracking and accounting easier. The software allows users to pay bills, rents, or suppliers even in unstable cash flow times. Invoices can easily be paid via the all-in-one platform, and you can earn rewards without additional expenses.
Avoid Payee Fees for Smoother Transactions
During this price spike in health care benefits, “affordability is a very big concern,” said Jim Winkler, the chief strategy officer at the Business Group on Health. The platform allows you to make transactions without limits and restrictions on affordable fees. Zil Money allows you to pay by credit card without payee or merchant fees, making both payer and payee comfortable. This is a big advantage for businesses offering health benefits, as they can avoid extra charges. The software provides the most secure and safe fund transactions for businesses—utilize these features to have better financial navigation.
Integrate Payroll Software with The Platform
Users can easily and instantly integrate payroll software with Zil Money, which provides an enhanced solution for managing payroll efficiently. By connecting your existing payroll system to the platform, you can automate the payment process. Businesses can ensure that employee salaries are paid on time and without manual intervention. The integration allows for transactions without errors, enhancing overall financial accuracy.
Conclusion
With Zil Money, companies can manage payroll and health benefit payments without additional charges, ensuring timely transactions and uninterrupted employee coverage. The platform’s flexible payment options, ability to earn reward points, and integration with payroll systems enhance cash flow while boosting employee satisfaction. By leveraging these features, businesses can maintain a competitive edge in providing valuable health benefits to their workforce. Users can optimize all financial operations on a single interface in a budget-friendly package.
