This blog gives you information on how you can Pay HROne Payroll by Credit Card using Zil Money.
Courier services are one of the largest industries in the US. The size of the market is expected to reach $658.3 billion by 2031. The main reason for this enormous growth of the industry is the rapid evolution of consumer behavior and the booming e-commerce sector.
It has been observed that, over the past decade, online shopping has become a necessity rather than a convenience, with consumers demanding faster and more reliable delivery options. The increase in same-day and next-day delivery expectations has turned courier services into critical players in meeting these demands.
But like any business, running a courier service business is not without challenges. Let’s discuss the challenges related to funds.
Imagine that Sam owns a small courier service company. He has a small but growing team of drivers and office staff. Most of his employees are middle class, for whom getting salaries on time is very important. Sam always paid all his employees on time, but for the last three months, he couldn’t manage the funds on time. As a result, all his operations went upside down. Many of his employees resigned, and many started looking for part-time jobs. The overall morale of his team took a significant hit. Sam’s once-thriving courier service began to struggle with delayed deliveries, unhappy customers, and a tarnished reputation.
The main reason behind this unfortunate incident wasn’t lack of business. Sam had plenty of clients and regular work. Instead, it was the mismatch between incoming payments and outgoing expenses. Earlier, he filled the gap using personal savings and short-term loans, but the financial strain became huge.
That’s when he thought of using his credit card. But, the problem with using a credit card for payroll is that he will not be able to transfer funds from his credit card to his business checking account. This is where the credit card feature from Zil Money helps!
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Transfer Funds Easily to Your Checking Account
Zil Money allows Sam to easily transfer funds from his credit card to his business checking account. That is, he can use his credit card to pay payroll. The benefit of using credit cards for making payroll payments is that you can pay your employees even when you have a fund shortage. They are the best when you have a mismatch between incoming payments and outgoing expenses. Basically, credit cards help maintain consistency in paying employees on time, which is very important for the growth of your company. Moreover, since most credit cards offer a grace period before interest is applied, businessmen like Sam have time to collect payments from their clients before settling their credit card balances.
By allowing you to pay your payroll using a credit card, Zil Money gives you the opportunity to collect rewards and cashback from your credit card provider. You can use this cashback to reinvest in your business and thereby increase your profitability.
After funds are transferred to your checking account, it will be your payroll provider who will be distributing your payroll. But you can also use the platform for making your payroll payment. For this, you just have to integrate the platform with your payroll software so that your employee data can be imported into the platform. After this, you can make the payment via the multiple payment options offered by the platform.
Multiple Payment Options
Zil Money offers you many payment options with which you can easily pay your employees. Let’s see them one by one.
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Printable Paycheck
With Zil Money, you can easily pay your employees via paychecks. The best part is that you don’t even have to order these checks. Instead, you can simply print them on blank stock papers using any printer. Printing checks on blank stock papers will save 80% of your check printing costs compared to ordering pre-printed checks.
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Check Mailing
For workers living far away, you can mail checks using the cloud-based platform. The entire process of sending checks, from printing, enveloping, and labeling to mailing them via USPS/FedEx, will be done by the platform. That is, you don’t have to manually do the paperwork or personally go to the post office for mailing checks.
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eChecks
With the platform, you can send eChecks to your employees via email or SMS. The platform sends your eChecks as one-time printable PDFs so that there is no chance of any fraud attempt. Your employees may easily print them and deposit them like any regular check.
There are multiple other payment options available on the platform, such as ACH, wire, etc. You can get information on those from the official website.
Conclusion
Businessmen like Sam can easily Pay HROne Payroll by Credit Card with Zil Money. The credit card feature from the platform allows you to pay your employees even when you have any fund shortage. The platform also allows you to enjoy your rewards and cashback when completing your credit card transaction. You can also distribute your payroll with the platform. The multiple payment options on the platform allow you to easily make payments.
