Handle GreytHR Payroll By Credit Card
Handle GreytHR Payroll By Credit Card – Effortlessly fund payroll using your credit card.
Transfer money from your credit card to your business checking account and streamline payroll management.
Improve cash flow, eliminate delays, and earn rewards with every payroll payment.
- 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.
Transfer Money from Credit Card to Business Account
Zil Money allows you to transfer funds directly from your credit card to your business checking account via ACH, wire, or RTP.
Learn To Fund Payroll By Credit Card See The Interactive Demo
Earn Cashback and Rewards
Enjoy credit card cashback and rewards with every transaction. Earn 2-5% cashback on every payroll transaction.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Import Payroll Summary Easily
Zil Money integrates seamlessly with your payroll software, making it easy to import payroll summaries. Eliminate manual entries and ensure accurate payroll payments every time by syncing with your existing payroll system.
Pay Rent with Your Credit Card
Zil Money accepts your credit card payment and sends it to your landlord via ACH, wire, or virtual card, eliminating payee charges.
FREQUENTLY ASKED QUESTIONS
Can you use a credit card for payroll?
How to pay someone with a credit card?
What is the best payroll software?
Credit Card vs Expense Card
Every Customer Review is a Story of Trust
15-Day Free Trial Available!
No credit card required.
