online business accounts
transaction volume
checks processed
Credit Card Payments Simplified
Vendors don’t accept credit cards? No worries! Pay with your card, and Zil Money ensures your recipient receives fund through ACH, wire, or check mail.
Using Credit Cards to Save Money on Business Expenses
Cash Back Rewards
Earn Cash Back: Credit cards like the Capital One Spark Card offer 2% unlimited cash back, while the American Express Plum Card offers 1.5% unlimited cash back.
Offset Fees: Using a credit card with cash back can partially offset the 2.95% process fee, reducing the effective cost.
Tax Benefits
Tax-Deductible Fees: The 2.95% process fee can be filed as a tax-deductible business expense, offering some financial relief.
Additional Tax Breaks: Depending on the jurisdiction and tax codes, you may be eligible for additional tax breaks for using credit cards for business expenses.
Cash Flow Management
Cash Float Period: Credit cards often provide a 30 to 45-day payment window, allowing businesses to manage their cash flow better.
Utilize Funds: During this period, the funds can be invested in short-term opportunities or other revenue-generating activities.
Floating Revenue from Bank
Float Revenue – Cash Incentive Earnings: The funds in your bank account for 30 to 45 days could earn Cash incentive or be invested in short-term revenue-generating activities.
Capital Utilization: The cash float period allows you to strategically utilize your capital for other pressing needs or investment opportunities.
Detailed Example: Capital One Spark Card
- Process Fee: 2.95%
- Cash Back: 2%
- Tax Break: 0.06%
- Final Fee: 0.35%
- Additional Benefit: 30-45 days of cash flow management and float revenue.
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No More “Card Not Accepted”
Some vendors avoid credit cards due to fees. The platform allows you to pay them using your card without any extra burden on them.
Get More from Your Credit Card
Pay your bills with a credit card and collect cashback, travel points, or rewards effortlessly. Turn every transaction into a benefit without extra costs.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Use Your Credit Card Freely
Pay bills, vendors, or suppliers with your credit card, no matter their preferred payment method. Zil Money ensures a smooth transaction without restrictions.
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