This blog will let you know how to make rent payment online free.
Winter is here! It means that it is again time for your knitting business to shine. In other words, as far as knitting businesses are concerned, winter is not just another season—it’s the season. It is the time when the demand for warm, handmade creations is at its peak, and your craft becomes more than a hobby; it becomes a necessity.
In a peak time like this, waiting for payments from customers to restock your essential supplements like thread, yarn, needles, etc, is not practical. That is, you may have to find money from elsewhere to make payments to suppliers, landlords, and more.
The best solution that you can find is using credit cards. However, the problem with credit cards is that they almost always come with interchange fees. That is, your payee may have to pay transaction fees in addition to you paying transaction fees from your end.
Many landlords do not prefer credit cards for receiving rent payments because of these interchange fees. These fees, which typically range between 1.5% to 3.5% of the transaction amount, can significantly eat into a landlord’s rental income. After all, who wants to lose a chunk of their hard-earned revenue simply for the convenience of accepting a payment?
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Then, What Is the Ultimate Solution?
The ultimate solution that can help a knitting business is Zil Money. The cloud-based platform helps you to complete credit card transactions without transaction fees.
Yes, you heard that right. It is possible!
Now, you might be wondering, how is this even possible? Well, you will understand it after reading how Zil Money works.
Let’s start!
- First of all, when you make a credit card transaction with the cloud-based platform, your first payee is the cloud-based platform. That is, you are paying the platform before your payee.
- After receiving the payment from you, the platform will send the amount to your payee on your behalf.
- You can decide the method via which you need your payee to receive money. You can choose among ACH, wire, check, and many more.
Why Credit Cards?
It’s quite relevant to think, why use credit cards and not other payment options directly? The answer is quite simple. Using credit cards for rent payments offers you benefits that you might not get when using other methods.
- When a knitting business uses credit cards for making rent payments, they may get rewards or cashbacks. They can use these benefits for either reinvesting in their business or simply taking as a profit.
- Using credit cards for making regular payments like rent improves your credit score. For small businesses like knitting businesses, having a good credit score is essential for securing loans, lines of credit, or favorable terms with landlords.
- Credit cards are instant solutions. That is, your payment will be delivered to your landlords the moment you send them. This allows you to make rent payments even at the last moment without any tension.
- Credit cards let you make payments even in situations when you don’t have enough money with you to complete the payment. It helps you avoid late fees and allows you to manage your finances more effectively and ensure that your rent is paid on time, even if cash is tight.
Now, you may have understood the importance of paying rent with a credit card. You may also have got an idea of how Zil Money helps you to make credit card payments without the usual inconveniences of interchange fees. So, let’s explore the other payment options available on the platform that help you to make rent payments.
Multiple Payment Options in One Platform
A knitting business owner may have to pay rent for equipment like flatbed knitting machines, circular knitting machines, and industrial sewing machines, as well as for the building, etc. Each of these payees may prefer different methods for receiving rent. Zil Money is a platform where you can have access to multiple payment options with a single subscription. The platform offers payment options like ACH, wire, checks, and many more. All these payment options are available at an affordable cost.
The same-day ACH feature available on the platform delivers your rent payment within the next business day. If you have landlords outside of the US, then you can use the international wire transfer feature. The domestic wire transfer feature is also available for paying your local landlords.
The platform also allows you to make check payments. Related to check payments, you have three options. One is the direct handover of checks by hand. For this, you can print checks on demand on blank stock papers using a regular printer. That is, you don’t have to wait for pre-printed checks anymore. The second option available is the check-by-mail feature. This feature automates the entire check mailing process and sends checks to your landlord via USPS/FedEx. Finally, the third option is the eCheck feature, which sends your checks as one-time printable PDFs via email or SMS.
Conclusion
A knitting business can make rent payment online free with Zil Money. The platform allows you to send credit card payments without transaction fees for the payee. Other options like ACH, wire, and checks are also available on the platform, which helps you to make rent payments.
