Fund Remote Payroll By Credit Card
Fund Remote Payroll With Credit Card – Use a credit card for payroll to prevent cash flow issues and ensure timely payments.
Boost Cash Flow – Improve liquidity while lowering tax outgo with this flexible payroll funding option.
Earn Rewards – Earn credit card rewards for added payment benefits.
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!
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 2.95% 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.
Turn Payroll Expenses into Rewards
Process remote payroll with a credit card to earn cashback rewards. Depending on your provider, you can also gain points or travel miles to use for business or personal expenses.
Learn To Fund Payroll By Credit Card See The Interactive Demo
Quick Payroll Payments with Easy Import
Import payroll details from remote payroll software effortlessly. Process payments quickly and securely using your preferred method.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Print Payroll Checks on Demand
Customize and print payroll checks anytime from home or office. Save 80% on printing costs using blank stock or regular paper.
Vendor Payments Made Easy
Vendors can choose their preferred payment method while avoiding credit card fees. Zil Money lets businesses pay by credit card while vendors receive funds via ACH, wire, or mailed checks.
FREQUENTLY ASKED QUESTIONS
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