Credit Card Processing For Small Business
Easily Print Checks with ABA Numbers – Print checks on demand with your account and ABA numbers using Zil Money.
Create Checks from Anywhere – Easily create and print checks from home or office using any printer and blank stock papers.
Enhanced Security – Blank check stock offers high-level security, keeping sensitive banking data private.
Zil Money is a financial technology company, not a bank. Zil Money offers banking services through partnership with FDIC member banks Silicon Valley Bank and Texas National Bank.
online business accounts
transaction volume
checks processed
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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Pay Rent with Your Credit Card
- Pay rent using your credit card, even if your landlord doesn’t accept cards.
- Zil Money processes your payment and sends it to your landlord via ACH, wire, virtual card, etc.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Access
Zil Money Anywhere
- Access Zil Money from your laptop, mobile, or tablet.
- Download the use-friendly app from Google Play Store or the Apple App Store and manage payments on the go.
Pay Payroll with Your Credit Card
- Fund your checking account from your credit card via ACH or wire.
- Distribute payroll easily via the multiple payment options offered by Zil Money.
Accept Credit Card Payments Fast
Send a payment link to your clients via email or SMS, and they can pay via credit card in seconds.
FREQUENTLY ASKED QUESTIONS
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