Credit Cards To Pay Bills
Use credit card to pay bills and earn rewards.
Payments to vendors are sent via ACH, wire, or check mail.
No additional transaction fees for the recipient.
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
Swipe, Convert, Pay—It’s That Simple!
Not all vendors accept credit cards, but that won’t stop you from paying them. Zil Money processes the payment and delivers it to them as an ACH, wire transfer, or check mail, keeping things easy for both of you.
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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 2.90% process fee, reducing the effective cost.
Tax Benefits
Tax-Deductible Fees: The 2.90% 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: 2.90%
- Cash Back: 2%
- Tax Break: 0.06%
- Final Fee: 0.35%
- Additional Benefit: 30-45 days of cash flow management and float revenue.
Get Rewarded for Paying Bills
Why just pay bills when you can earn rewards too? Use your credit card to pay expenses and collect cashback, travel points, or other perks, making every payment work for you.
Pay Without Extra Costs
Many vendors avoid credit card payments due to high processing fees. Zil Money eliminates this concern by ensuring they receive full payment without deductions.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Take Control with Smarter Payments
Pay bills with your credit card and keep funds for urgent expenses. Use your billing cycle to handle business finances more efficiently.
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