online business accounts
transaction volume
checks processed
- 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 2.95% 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.
Learn To Fund Payroll By Credit Card See The Interactive Demo
Boost Your Credit Score While Paying Payroll
- Late payroll payments or missed bills can hurt your credit, affecting future opportunities.
- Use your credit card to fund payroll and build your credit score, all while earning valuable cash-back rewards.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Pay Rent with Your Credit Card – No Hassle
- Many landlords avoid accepting credit card payments due to payee charges.
- Zil Money Has the Solution – Pay rent using your credit card without payee charges.
- The platform will send the payment via ACH, wire, or virtual card, whichever you prefer.
Access Zil Money Anywhere, Anytime
- Work from Anywhere– Whether on your laptop, mobile, or tablet, Zil Money is always at your fingertips.
- Manage payroll, rent, and more from any device, anytime, with the user-friendly platform.
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