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.
- Better Cash Flow!
- Tax Breaks!
- More Rewards!
- Happy Employees!
- Better Cash Flow!
- Tax Breaks!
- More Rewards!
- Happy Employees!
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.
Solve Cash Flow Issues with Payroll Funding
Facing cash flow issues? Use a credit card to fund your payroll account and pay employees on time.
Learn To Fund Payroll By Credit Card See The Interactive Demo
Sync Deel & Pay Employees with Ease
Zil Money lets small business owners automate payroll by syncing Deel with the platform in a few clicks. Paying employees by credit card ensures timely payments while earning cashback rewards.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Print or Mail Payroll Checks with Ease
The check printing software lets you create payroll checks from anywhere. You can print or mail these checks via USPS or FedEx to ensure timely employee payments.
Pay Vendors by Credit Card with Ease
Zil Money’s pay by credit card feature lets businesses pay vendors by card while choosing their preferred payment method. Vendors can receive funds via ACH, wire transfer, or virtual cards for added flexibility.
FREQUENTLY ASKED QUESTIONS
Can you use a credit card for payroll?
What payroll service allows you to pay with a credit card?
How can I pay rent with credit card?
Deel vs Rippling
Every Customer Review is a Story of Trust
15-Day Free Trial Available!
No credit card required.