Hourly Payroll Funding By Credit Card
Hourly Payroll Funding By Credit Card – Revolutionize your payroll process with the power of credit card funding.
Fund your payroll instantly using your credit card, keeping your business running smoothly without the wait.
Say goodbye to payroll delays and hello to fast, flexible, and rewarding payroll management.
- 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: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: 2.95%
- Cash Back: 2%
- Tax Break: 0.06%
- Final Fee: 0.35%
- Additional Benefit: 30-45 days of cash flow management and float revenue.
Transfer Funds from Your Credit Card in Minutes
With Zil Money, businesses can easily transfer funds from their credit card to their business checking account via ACH, wire, or RTP. This allows for instant payroll funding, ensuring you meet your team’s needs without waiting for bank transfers to clear.
Learn To Fund Payroll By Credit Card See The Interactive Demo
Earn Rewards with Every Payroll Payment
Paying payroll with your credit card isn’t just convenient—it’s rewarding! Earn cash back and other valuable rewards with each transaction, turning your regular payroll expense into a benefit for your business.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Eliminate Cash Flow Worries
Never stress over cash flow gaps again. Using your credit card to fund payroll allows you to make timely payments even when cash is tight, keeping your operations smooth and your employees happy.
Flexible Payment Methods for Your Payroll
After transferring funds, Zil Money makes it easy to distribute payroll. You can pay employees via ACH, virtual card, check, or whatever method best suits your business—all on one platform, with no extra steps.
FREQUENTLY ASKED QUESTIONS
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