Credit Card Processing For Small Business
Credit Card Processing For Small Business is made simple and convenient through the platform. The adaptable payment platform allows these businesses to accept credit payments as other payment options, including ACH transfers, wire transfers, and checks. This variety helps to accommodate various customer preferences, ensuring that businesses don’t miss out on potential sales due to limited payment methods. Plus, the platform is designed with user-friendliness in mind, making it easy for businesses to set up and start accepting payments quickly.
Zil Money is a financial technology company, not a bank or an FDIC member. Zil Money offers banking services through partnership with FDIC member banks Silicon Valley Bank, Texas National Bank, and East-West Bank.
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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.
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.
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.
Additional Resources
By combining these strategies, the actual cost of using a credit card to handle business expenses can be significantly reduced, while also providing the flexibility to manage cash flow more effectively.
Flexible Payment Options
One of the most significant advantages of Zil Money is the ability to accept credit card payments in various forms such as ACH, wire transfer, or check. The flexibility gives small businesses the freedom to choose the most suitable and cost-effective option for them. The feature helps companies avoid hefty credit card transaction charges and maintain healthy profit margins. In a competitive business environment, these savings can make a substantial difference to the bottom line.
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Enhanced Security
Zil Money does not compromise on security while offering its credit card processing services. With state-of-the-art encryption and data protection measures, credit card processing for small business and other financial transactions is well protected. This assurance is particularly crucial for small businesses, which may face devastating consequences in the event of a data breach or financial fraud. By prioritizing security, Zil Money helps businesses build trust with their customers, which in turn boosts customer loyalty and retention.
Features at Your Fingertips
From accounts payable and receivable functionalities to comprehensive online banking and beneficial integrations, Zil Money can meet the payment management requirements of all types of businesses.
Check Printing
Drag and drop to instantly create checks & print using any printer.
Pay By Credit Card
Use credit cards even when your vendors don't accept them.
ACH Payment
Make one-time or recurring ACH/RTP payments in one click.
Wire Transfers
Send money electronically from one financial institution to another.
Bill Pay
Pay & schedule bills online, managing supplier payments & reducing risk.
Digital Checks
Digitize your paper checks and make your payments via email or text.
Software Integrations
Integrate Zil Money with your accounting and payroll software.
Cloud Bank
Open an online banking account with Zil.us. Streamline payment management & save.
Payment Link
Create and send a secure URL for customers to make online payments easily.
Reliable Customer Support
When it comes to financial services, reliable customer support is critical, and Zil Money understands this. The platform provides excellent customer service to resolve any issues quickly and efficiently. For small businesses, this kind of dependable support can be invaluable, saving precious time and effort that can be better utilized elsewhere. Zil Money’s commitment to customer service ensures that businesses can focus on what they do best – serving their customers.
CROSS PLATFORM SUPPORT
Use the application on your desired platforms. Install the application on your mobile devices and enjoy the features from anywhere at anytime. A user-friendly platform to manage all your financial aspects under one roof from your smart devices.
Scalable Solutions
Zil Money offers scalable credit card processing solutions. As your small business grows and evolves, so too will your needs and challenges. Zil Money is designed to grow with you, adapting to your changing needs and providing a consistent level of service regardless of the scale of your operations. This scalability means that you won’t outgrow the platform, making it a long-term investment that supports your business at every stage of its growth journey.
FREQUENTLY ASKED QUESTIONS
Why credit cards are better than cash?
How accept credit card payments?
Can you send money with a credit card?
Credit Card vs Debit
Trusted By The Leading Brands Around The World
Secure and reliable platform. In addition to being easy to use and very intuitive.
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Bruno G
Zil Money is a great company they help us to manage our money. I always have difficult with that, but with Zil I can have the control of my money.
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Liliana M
A very helpful financial company that facilitates customer services in the best way. thinks seriously about its customers with practically every
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Paloma G