Fund Multiplier Payroll By Credit Card
Fund Multiplier Payroll with a Credit Card – Pay employees on time while earning cashback rewards and improving cash flow.
Seamless Payroll Integration – Connect Multiplier payroll with Zil Money to import payroll details effortlessly.
Print & Customize Payroll Checks – Design and print payroll checks from the office or on the go.
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.
- Better Cash Flow!
- Tax Breaks!
- More Rewards!
- Happy Employees!
 
  
 
  
 
 
  
 
- Better Cash Flow!
- Tax Breaks!
- More Rewards!
- Happy Employees!
online business accounts
transaction volume
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: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.
Keep Payroll Running Despite Cash Flow Gaps
Zil Money helps small businesses manage payroll during cash flow shortages by funding it with a credit card. This ensures timely payments, improves liquidity, and earns rewards.
Learn To Fund Payroll By Credit Card See The Interactive Demo
Use Credit Cards to Cover Payroll Expenses
Move funds from one or multiple credit cards to your business checking account via ACH or wire to cover payroll. Keep employee payments on time while managing cash flow efficiently.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Hassle-Free Employee Payments
Pay employees effortlessly via ACH, wire, or checks using Zil Money. Ensure timely and secure payroll disbursement with flexible payment options.
Pay Rent by Credit Card
Small businesses can utilize a credit card to pay rent through the platform. You can make card payments to your landlord as ACH, wire, or check mail.
FREQUENTLY ASKED QUESTIONS
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