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!
Learn To Fund Payroll By Credit Card See The Interactive Demo
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.
Experience Cash Flow Flexibility
The payroll by credit card option from Zil Money is a financial tool that allows businesses experiencing cash flow issues to manage payroll easily. Pay employees without using your cash reserves. Keep cash available for other business needs to ensure smoother operations. The platform offers ACH and wire transfer to move credit card funds into your checking account.
Our Features AP/AR
We offer a wide range of banking features to make your business transactions secure and flexible. Now you can pay and receive payments with our easy-to-use software and dive into the journey.
Check Printing
Create and print business checks at your office desk with a drag and drop design.
ACH
Pay or get paid one-time or recurring ACH/RTP with low transaction fees.
Integration
Integrate with the top third-party applications.
Pay Bill
Pay Bills Online, Schedule them, Manage suppliers, and reduce risk.
Pay By Credit Card
Now pay by credit card even if they don't accept them.
Wire Transfer
Transfer money electronically from one financial institution to other.
Deposit Slips
Instantly create & print the deposit slip of any Bank. Keep track & auto reconcile it.
Invoicing
Create invoice to your customer and send link through email.
Cloud Bank
Open an online bank account with no hidden charges.
Email Check
Send your checks as a one-time printable pdf with a tracking facility.
Payment Link
Create an HTML form or link to receive payments.
User/Approver
Give access to accountant or clients with a role based user and approval process.
Check Mailing
Check mailing without leaving your desk for $1.25. We print and mail it by USPS/FedEx.
Digital Checks
Digitize your paper checks and make your payments via email or text.
Bank Data
Connect & reconcile, Categorize from Any Financial Institution automatically.
API/White Label
Interactive developer-friendly API. Complete white label solution.
Earn Rewards and Cashback
By funding Experian payroll by credit card users can earn cash back and other rewards. Everytime you process payroll, get financial benefits and lower your overall costs. Cashback rewards reduce the expense amount, making budgeting and financial planning simpler. This approach allows businesses to manage payroll efficiently while maximizing rewards offered by their credit card issuer.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Tax Savings
Credit card business expenses are often tax deductible, allowing businesses to reduce their taxable income. By funding payroll from credit cards, users can lower tax out-go. This means more cash stays in the business, enabling smoother financial processes. Retain more funds while paying employees on time with Zil Money.
Pay Vendors by Credit Card
Zil Money provides users the option to settle invoices from vendors with credit cards. You can also pay rent and bills even if the payee does not accept card payments. Since the platform acts as an intermediary, vendors receive funds as ACH, wire or check mail. You can also print payroll checks from the office or on the go.
FREQUENTLY ASKED QUESTIONS
Can you pay payroll with a credit card?
How do credit cards reward work?
How to do payroll?
Accounts Payable vs Payroll
PRECIOUS REVIEWS FROM
OUR CUSTOMERS
During a brief shortage waiting for clients to pay me, Zil Money let me put my payroll on my credit card. It provided a bridge so my business did not suffer. It was super easy to set up and use.
Greg Forrest
Owner of Spherion Staffing & Recruiting
Best partner of your life! Zil Money is my new bestfriend!
Sharmaine Buen Maloloy-on
Sales Account Manager at Bigleap Technologies Inc
Looking for better options for your business? Zil Money accompanies you.
Sergio Alvarado Garcia
Community Manager at
Rebeca Nails Art
I enjoy using Zil Money for 3 key reasons. Record keeping, as it keeps a database of the checks each unique user has loaded. Being able to navigate and cut checks from different bank accounts. Pulling up the 1099s at the end of the year for vendors and ensuring all of the checks we cut to them can be easily accessed and a number is given.
Alonso Noriega
Accounting Manager at LT Property Management LLC