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!
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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: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: 2.95%
- Cash Back: 2%
- Tax Break: 0.06%
- Final Fee: 0.35%
- Additional Benefit: 30-45 days of cash flow management and float revenue.
No Delays, Just Instant Payments
Pay employees directly from your credit card through Zil Money. Securely transfer funds via ACH or wire.
Learn To Fund Payroll By Credit Card See The Interactive Demo
Make Payroll Work for You
Why just pay payroll when you can earn from it? Credit card transactions help you get cashback and offset expenses.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
More Time to Manage Payments
Cover salaries instantly and manage repayments based on your cash flow. Credit card billing cycles give you the flexibility you need.
Smooth and Flexible Financing
No more worrying about payroll delays due to insufficient funds. Payroll by Credit Card lets businesses cover payroll expenses quickly and repay when it’s convenient.
FREQUENTLY ASKED QUESTIONS
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