Credit Cards To Pay Bills

Credit Cards to Pay Bills is a convenient and cost-effective option that helps pay payees quickly, streamline financial operations, and increase efficiency. You can earn rewards on each transaction, and the payees do not have to bear any transaction costs. The payer can send the money through a credit card even if the payee doesn’t accept the card. The payee will receive the amount as ACH, wire, check, etc.

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 and Texas National Bank.

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.

Receive by Check, Wire, or ACH

Receive by Check, Wire, or ACH

Your vendor or payee might have declined credit card payments because of transaction costs, or you may need to include an extra fee for transaction charges. You don’t need to worry anymore about credit card charges. You can now pay bills using credit cards without any transaction fees for the payee, and you can earn credit card reward points using Zil Money.

Features at Your Fingertips

From accounts payable and receivable functionalities to comprehensive online payment 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 checking account with Zil.us. Streamline payment management & save.

Payment Link

Payment Link

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

All-In-One-Platform

Zil Money is an all-in-one payment platform to pay and get paid by credit cards, printable checks, eChecks, ACH, and wire transfers. You can get customized expense reports, increase cash flow visibility, and track all your invoices and bills in one platform. The platform lets you connect multiple bank accounts as Zil Money connects with over 22,000+ banks and helps you manage your accounts payable and accounts receivable seamlessly. You can make transactions through various payment methods like ACH, wire, checks, etc.

All-In-One-Platform

$50B+

In total transaction volume

22K+

Connected banks & financial institutions

20K+

Monthly business users

1M+

Total users, and growing

Receive by Check, Wire, or ACH

Integration with Banks and Third-Party Software

Zil Money is linked to over 22,000 banks and financial institutions in the United States and Canada. It seamlessly integrates with accounting software, allowing businesses to effortlessly bring in data like bills and invoices. You can utilize the software to send or print checks electronically, streamlining the process of receiving payments on your phone.

FREQUENTLY ASKED QUESTIONS

Frequently Asked Questions(FAQ)

What is online bill payment?

Online bill payment is a service that allows individuals and businesses to pay bills electronically over the Internet. This can be done through a financial institution's website, a bill payment website, or directly on the company's website. You can pay your bills without any worries using Zil Money.

How safe is online bill payment?

Online bill payment can be safe if you take the proper precautions. You can pay your bills online securely through a secure internet connection, a secure website, and a strong password. With Zil Money, you can pay your bills instantly and enjoy secure and hassle-free bill payments.

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 lets you pay bills easily, quickly, and transparently, with a strong uptime record.

Pay Bills With a Credit Card vs Pay Bills With a Checking Account

Paying bills with a credit card allows for potential rewards and benefits but may lead to accumulating debt if not managed responsibly. Using a checking account for bill payments ensures the direct withdrawal of funds from the account through AH, wire, checks, etc.
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.

User-Friendly Interface: Zil Money's interface is intuitive and easy to navigate, making it accessible for users of varying technical proficiency.

Ana

 

Ease of deployment and use. Normally, a switch like this is both time-consuming and confusing, but in this case, it was super easy.

Jennifer

 

The dashboard and the customer support are amazing! Never has a company been there like Zil Money and answered all my questions before letting me go. Thank you.

Stephanie

 

I love that I am able to process payments and do ACH transfers very easily.

Ardinay

 

Total Money Moved

9,520,030,217 +

Total People Paid

1,020,421 +

Total Businesses Satisfied

201,304 +