The platform offers credit card payment for business and individual transactions at affordable fees.
The new year is approaching, and it’s time for small businesses to appreciate their employees. Taking for an outing, giving bonuses and gift cards, or paying employees a little extra can be an act of gratitude. But don’t know how to manage these extra expenses without interrupting cash flow? The platform offers credit card services, and let’s look at how a business can utilize them for New Year’s Eve:
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What Are Credit Cards and How Can They Benefit Businesses?
A credit card is a thin rectangular piece of plastic or metal issued by a bank or financial services company. Zil Money allows cardholders to borrow funds from credit cards to pay for goods and services with merchants. Credit cards impose the condition that cardholders pay back the borrowed money, either in full by the billing date or over time. The platform’s credit card service offers various benefits for businesses and individuals.
During the new year’s eve, a business can pay employees easily via credit cards and gain:
Employees Satisfaction
A business can meet extra expenses during New Year’s Eve with Zil Money’s payroll by credit card. Businesses can ensure that employees are always paid on time, regardless of the company’s immediate cash position. Users can give a bonus amount to employees with their usual payroll to make employees feel valued and secure, increasing job satisfaction. For example, a business owner can take employees for dining and make payments via credit cards. The result is happier, more engaged employees who trust the company to meet their financial commitments consistently.
Rewards
Zil Money allows you to earn rewards and points on credit card transactions. For example, your business can pay employees via credit card, earn rewards and use them for employee wellness programs. The platform allows users to pay for payroll, vendors, rent, bills, and many other things via credit cards.
Tax Breaks
The platform helps you get tax breaks on credit card usage. If you use a credit card for business-related expenses, you can deduct those costs from your taxable income. For instance, a business can gift employees customized notebooks, mugs, planners, etc., which can be deducted as a business expense when filing taxes.
Better Cash Flow
Zil Money allows you to pay employees simultaneously with credit cards. If a business owner needs to pay 20 employees, he can make the transaction via credit card and ensure timely payments. Users can pay vendors and landlords at the same time and purchase goods without worrying about cash. The platform transfers funds from the credit card to the employee’s business checking account via ACH or wire.
With Credit Cards, a Business Can Eliminate:
Excessive Administrative Work
While planning a New Year’s Eve dinner or gift-giving event for employees, rather than processing payments manually, the user can make payments digitally via the software. Businesses can manage vendors, landlords, suppliers, and employees by credit cards via Zil Money’s single interface. You can eliminate the need to sort out paperwork and reduce the administrative time spent during the busy holiday season.
Payee Fees
Zil Money allows you to gift employees via virtual cards that can be used for online transactions. One can generate multiple customized virtual cards easily and instantly. Businesses can pay employee bonuses using credit cards via ACH, wire transfer, virtual card and check mail. The platform eliminates payee charges when receiving credit card payments. Employees can accept payments without losing extra money on transactions. The software’s multiple payment options offer flexibility and efficient payment processing tailored to your needs.
High-Interest Short-Term Loans
The all in one platform’s credit card service is useful for businesses that are hesitant to take out loans to maintain cash flow. Instead of borrowing money at a high interest rate, users can utilize business credit cards to meet expenses. Zil Money allows you to make affordable and secure credit card transactions without maintenance charges and minimum balance requirements. Businesses can step into the next year without high debts and loans with the help of the software.
Payroll Management via Checks
Zil Money allows businesses and individuals to create and send customized payroll checks instantly. The platform offers drag and drop tool for designing checks. Users can add logos, background images, font colors, and styles to personalize checks. For example, your business can add “Happy Christmas or Happy New Year” on checks. The software provides premium pre-designed payroll check templates for instant payments. Users can process checks from online checking accounts, credit cards and digital wallets easily.
Conclusion
Zil Money makes it easy for businesses to celebrate with their teams while managing expenses. Users can reward employees with bonuses and gift cards to organize festive dinners with the platform’s credit card services. With features like payroll management, tax benefits, and digital checks, businesses can handle all transactions from one place. The software empowers businesses to step into the new year with strong employee satisfaction, enhanced operations, and financial stability.