Inova Payroll Funding By Credit Card

Inova Payroll Funding By Credit Card is an efficient payment solution for small businesses. Use credit cards to pay employees – this means better cash flow, cashback rewards, and lower tax out-go. Process payroll from your payroll software as usual and the cloud-based platform handle transfer of credit card funds directly to your business checking account.

Zil Money is a financial technology company, not a bank or an FDIC member. 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!

Pay Your Vendor with Credit Card

No payee fees

Accept Payment by Credit Card

Easy, Affordable, No Card Reader Needed

Learn To Fund Payroll By Credit Card See The Interactive Demo

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.

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.

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.
A Woman Sitting On A Credit Card Put Payroll on Credit Card, Represents Inova Payroll Funding By Credit Card

Flexible Payroll Process

The payroll by credit card feature from Zil Money simplifies employee payments by giving small businesses more flexibility. Fund shortages will no longer affect your payroll operations as you can use credit cards to ensure timely salary disbursements. This way, users can manage cash flow effectively and make use of credit card rewards.

Our Features AP/AR

We offer a wide range of banking features to make your business transactions secure and flexible. Now you can pay and receive payments with our easy-to-use software and dive into the journey.

Check Printing

Create and print business checks at your office desk with a drag and drop design.

ACH

Pay or get paid one-time or recurring ACH/RTP with low transaction fees.

Integration

Integrate with the top third-party applications.

Pay Bill

Pay Bills Online, Schedule them, Manage suppliers, and reduce risk.

Pay By Credit Card

Now pay by credit card even if they don't accept them.

Wire Transfer

Transfer money electronically from one financial institution to other.

Deposit Slips

Instantly create & print the deposit slip of any Bank. Keep track & auto reconcile it.

Invoicing

Create invoice to your customer and send link through email.

Cloud Bank

Open an online bank account with no hidden charges.

Email Check

Send your checks as a one-time printable pdf with a tracking facility.

Payment Link

Create an HTML form or link to receive payments.

User/Approver

Give access to accountant or clients with a role based user and approval process.

Check Mailing

Check mailing without leaving your desk for $1.25. We print and mail it by USPS/FedEx.

Digital Checks

Digitize your paper checks and make your payments via email or text.

Bank Data

Connect & reconcile, Categorize from Any Financial Institution automatically.

API/White Label

Interactive developer-friendly API. Complete white label solution.

ACH and Wire for Fast Fund Transfer

Users have the option to transfer credit card funds via ACH or wire depending on their business needs. If funds are needed urgently, you can choose the wire option to ensure immediate access to funds. ACH transfers are a cost-effective solution and businesses can proceed with the payment a couple of days prior to the payroll date to ensure timely availability.

A Man and a Woman Are Standing Next to a Mobile Phone with Money on It, Showcasing Inova Payroll Funding By Credit Card

Why Zil Money!

A technology-first approach to payments and finance

Easy to Access

High Security

Easy Payment

A Man and Woman Are Working on a Laptop with Inova Payroll Funding By Credit Card Gears on It

Sync Your Payroll Software with Zil Money

Zil Money connects with the best payroll software and small businesses can handle employee payments effortlessly. The platform also supports manual payroll creation which makes it easy to customize payments based on specific needs. You can fund your payroll completely or partially using credit cards, giving you greater flexibility in managing cash flow.

$50B+

In total transaction volume

22K+

Connected banks & financial institutions

20K+

Monthly business users

1M+

Total users, and growing

Receive Credit Card Payments

Zil Money is an all-in-one payment platform that simplifies financial operations of businesses. Along with funding payroll and paying vendors from credit cards, the platform also allows users to receive credit card payments. Businesses can simplify accounts receivable by sending custom payment links to clients and getting paid by credit card.

An Image That Shows Use of Fund Proliant Payroll By Credit Card, Send ACH, Wire and Checks

FREQUENTLY ASKED QUESTIONS

Frequently Asked Questions(FAQ)

What payroll service allows you to pay with a credit card?

Zil Money is a payment platform that allows small businesses to pay payroll with a credit card. You can sync your payroll software with the platform and transfer funds from credit card to your business checking account.

How to pay bills with credit card?

Pay bills with credit card through Zil Money and earn cashback rewards. The platform allows users to make bill payments directly from a credit card and choose how the payee receives it - via ACH, wire, or check mail.

How to receive credit card payments?

Businesses can receive credit card payments by sending payment links to clients through Zil Money. They will have the option to pay from credit card and the funds will be deposited into your Zil Money wallet.

Charge Card vs Credit Card

A charge card lets you make purchases and earn rewards like a credit card, but it requires full payment each month and has no preset spending limit, unlike a credit card, which has a set limit and allows balances to carry over with monthly payments. Zil Money allows businesses to fund payroll by credit card and earn rewards.
Zil Money - Cloud Based Platform
Fintech Software
RATING: 4.6 ( 10164 ratings )
Price: $49.99/Year

PRECIOUS REVIEWS FROM

OUR CUSTOMERS

 

Vendor Management: Easily handle bill payments, instant check printing and mailing, invoicing, positive pay, and access User/API features across various platforms.

User-Friendly Interface: Zil Money's interface is intuitive and easy to navigate, making it accessible for users of varying technical proficiency.

Ana

 

Ease of deployment and use. Normally, a switch like this is both time-consuming and confusing, but in this case, it was super easy.

Jennifer

 

The dashboard and the customer support are amazing! Never has a company been there like Zil Money and answered all my questions before letting me go. Thank you.

Stephanie

 

I love that I am able to process payments and do ACH transfers very easily.

Ardinay

 

Total Money Moved

9,520,030,217 +

Total People Paid

1,020,421 +

Total Businesses Satisfied

201,304 +