★ Key Takeaways Vendor payments often require checks or ACH, tying up cash and leaving credit card limits unused. A vendor payment solution lets you fund payments with a credit card, even if the recipient doesn’t accept them. Using a credit card for payables...
5 Ways a Vendor Payment Solution Using Credit Card Funding Fixes the Cash Flow Squeeze
Vendor invoices rarely align with the days your customers pay you, leaving your checking account thin right when bills are due while your credit card limit sits unused. A vendor payment solution using credit card funding closes that gap, letting you charge the payment to your card and earn rewards while your vendor still gets paid by check, ACH, or wire, even when they don’t accept cards.
Zil Money, is a financial technology company, not a bank. Banking and money movement services are provided through partner financial institutions and licensed service providers. FDIC insurance coverage applies only to eligible deposit products and accounts, and is subject to applicable terms, conditions, limitations, and requirements. Additional information regarding partner institutions, products, and services is available in the applicable terms and agreements.
5 Ways a Vendor Payment Solution Using Credit Card Funding Fixes the Cash Flow Squeeze
Vendor invoices rarely align with the days your customers pay you, leaving your checking account thin right when bills are due while your credit card limit sits unused. A vendor payment solution using credit card funding closes that gap, letting you charge the payment to your card and earn rewards while your vendor still gets paid by check, ACH, or wire, even when they don’t accept cards.
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