Credit Card Processing

Credit Card Processing should be a daily part of your business to ensure simple and quick checkouts for your banking needs. Zil Money can now accept credit card payments for e-wallet funds. You can create checks as well as make ACH transfers using these funds. The payment information during processing will be sent to you, and you can accept or deny the transaction accordingly. Zil Money credit card processing is easy, quick, and transparent, with a strong uptime record. You can integrate easier payments that fit your business needs.

Credit Card Processing

Happy Customers

New Customers a Week

Transactions Per Week

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.

Pay or get paid the way you want it 

Zil Money is an all-in-one payment platform and accounts payable solution designed for SMEs. Zil Money automates payments from start to finish, so you can spend less time on payment tasks and more time on work that really matters. 

Pay or Get Paid the Way You Want It

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

Check Printing

Drag and drop to instantly create checks & print using any printer.

Pay By Credit Card

Pay By Credit Card

Use credit cards even when your vendors don't accept them.

ACH Payment

ACH Payment

Make one-time or recurring ACH/RTP payments in one click.

Wire Transfers

Wire Transfers

Send money electronically from one financial institution to another.

Bill Pay

Bill Pay

Pay & schedule bills online, managing supplier payments & reducing risk.

Digital Checks

Digital Checks

Digitize your paper checks and make your payments via email or text.

Software Integration

Software Integrations

Integrate Zil Money with your accounting and payroll software.

ZilBank

Cloud Bank

Open an online bank account with Zil.us. Streamline your payment management & save.

Payment Link

Payment Link

Create and send a secure URL for customers to make online payments easily.

Cross Platform Support

Cross Platform Support

Use the application on your desired platforms. Install the application on your mobile devices and enjoy the features anytime. A user-friendly platform to manage all your financial aspects under one roof from your smart devices.

FREQUENTLY ASKED QUESTIONS

Frequently Asked Questions(FAQ)

What is credit card processing?

Credit cards are processed by a series of operations that usually require making a payment with a credit card in person, online, over the phone, or by mail. Zil Money credit card processing is easy, quick, and transparent, with a strong uptime record.

How does credit card payment work?

Zil Money is hassle-free and straightforward. You can accept credit card payments for e-wallet funds. Moreover, make digital checks and ACH transfers using credit card funds.

How long does credit card payment take to process

The most time-consuming step in the process is settlement, which can take several days depending on which card network has been used. Zil is relatively quick and simple. Settlement is a term used to transfer funds to a new user officially.

Credit Card Payment vs Bank Transfer

A bank transfer is when money is transferred from one account to another. To do this, a person first makes a request and then gives the necessary codes for authorization to switch banks. Using a Zil credit card, the bank will pay for the purchase quickly and immediately and later charge you for that amount. The money will not be withdrawn at the time, but you can set up an account to pay off your debt.
Zil Money - Cloud Based Platform
Fintech Software
RATING: 4.6 ( 10164 ratings )
Price: $49.99/Year

PRECIOUS REVIEWS FROM

OUR CUSTOMERS

 

Vendor Management: Easily handle bill payments, instant check printing and mailing, invoicing, positive pay, and access User/API features across various platforms.

I had to be very cautious in a disputing situation when the check hasn’t arrived and goes to the bank, digging through all my paperwork.

Frank Czar

 

Zil Money has made my life easy. Now I can print all the checks on Blank Check Paper and export from my QuickBooks as well. 

Bimal Daftari

 

I always have to give checks ahead in many situations. Now it’s so easy to keep up. Same way making deposit slips on demand also very easy.

Travis Copeland

 

I was confused of managing multiple companies as an accountant. I found Zil money then and now everything is just easy.

William Andrews

 

Total Money Moved

9,520,030,217 +

Total People Paid

1,020,421 +

Total Businesses Satisfied

201,304 +