Fund Hibob Payroll By Credit Card

Easily fund Hibob Payroll by Credit Card through the platform.

Improve cash flow, earn rewards, and reduce tax liabilities.

Make payroll payments on time without financial strain.

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Zil Money is a financial technology company, not a bank. Zil Money offers banking services through partnership with FDIC member banks Texas National 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.

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Seamless Vendor Payments, Anytime, Anywhere.

1M+

 

online business
accounts

91B+

 

transaction
value

16M+

 

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 2.90% 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

  1. Process Fee: 2.90%
  2. Cash Back: 2%
  3. Tax Break: 0.06%
  4. Final Fee: 0.35%
  5. Additional Benefit: 30-45 days of cash flow management and float revenue.
A Man In a Suite Holding a Smartphone No Cash No Problem!

No Cash? No Problem!

Keep payroll hassle-free. The platform charges your credit card, moves the funds to your account, and enables easy employee payments via ACH or wire.

A Man In a Suite Holding a Smartphone No Cash No Problem!

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A Man In a Suite Holding a Screen More Cash Flow, Less Hassle

More Cash Flow, Less Hassle

No need to tie up cash for payroll. Zil Money lets you fund payments with a credit card, helping businesses manage finances with ease.

A Man In a Suite Holding a Screen More Cash Flow, Less Hassle

Sync Payroll Data with Ease

 

Connecting payroll software to Zil Money takes just a few clicks. No more manual entries or errors, just smooth and accurate payroll processing.

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Why Zil Money!

A technology-first approach
to payments and finance

Easy to Access

High Security

Easy Payment

A Man In a Suite Holding a Smartphone Get Rewards While Covering Expenses

Get Rewards While Covering Expenses

Use your credit card for payroll to unlock cashback, travel points, and other rewards. Enjoy greater financial flexibility while maximizing the value of your payments.

A Man In a Suite Holding a Smartphone Get Rewards While Covering Expenses
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Frequently asked questions

FAQ Section
Can you use a credit card for payroll?
Yes, you can use a credit card to fund payroll through Zil Money. Easily choose a business checking account, credit card and transfer funds via ACH or wire to ensure timely payroll processing.
Why is payroll important?
By handling payroll efficiently, businesses can ensure that their employees are paid on time. You can fund payroll by credit card through Zil Money and earn cash-back rewards while improving cash flow.
Can you use a credit card to pay rent?
Yes, businesses can use credit cards to pay rent easily and lower their tax out-go. Zil Money allows users to make rent payments directly from credit card while the payee receives it as ACH, wire or check mail.
eCheck vs Credit Card
eCheck is a digital check sent via email to payees while a credit card allows you to borrow funds to make payments. You can send eChecks and process payments from credit cards through Zil Money.

Every Customer Review
is a Story of Trust

"
During a cash shortage while 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.