Fund Experian Payroll by Credit Card
Fund Experian Payroll by Credit Card – Fund payroll using your business credit card.
On-Time Payments – Meet payroll deadlines without delays.
Effortless Transfers – Automatically transfer funds to your payroll account.
Zil Money is a financial technology company, not a bank. Zil Money offers banking services through partnerships with FDIC member banks Texas National Bank and Lincoln Savings Bank. Customers are not directly insured by the FDIC - but through the pass-through coverage of our partner banks and is conditional on proper titling, record-keeping, and custodial arrangements.
 
  
 
  
 
 
  
 
online business accounts
transaction volume
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- Better Cash Flow!
- Tax Breaks!
- More Rewards!
- Happy Employees!
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:Â 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.
Solve Cash Flow Issues with Payroll by Credit Card
Use your business credit card to fund payroll and avoid delays in payments. Paying with a credit card ensures you meet payroll commitments on time without impacting your cash reserves.
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Get Rewards While Paying Payroll
Use your business credit card for payroll and rack up rewards or cashback. Turn payroll payments into valuable benefits with every transaction.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Boost Your Credit Score with Payroll Payments
Paying payroll with your business credit card can help boost your credit score. Consistent, timely payments show responsible credit use and improve your creditworthiness.
Access Zil Money Anywhere, Anytime
Use the Zil Money app on your phone or laptop to manage payroll on the go. Get the user-friendly Zil Money app from Google Play or the Apple App Store for seamless payroll management from any device.
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