Inova Payroll Funding By Credit Card

Inova Payroll Funding by Credit Card – Pay employees instantly, no delays.

Cash Flow? Covered! – Fund payroll without draining reserves.

Earn While You Pay – Get rewards on payroll expenses.

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Zil Money is a fintech, not a bank. FDIC coverage is provided through our partner banks Texas National Bank and Lincoln Savings Bank.

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Fueling SME Growth with Smarter Payments and Instant Credit.

1M+

 

online business
accounts

100B+

 

transaction
value

16M+

 

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: The cash float period allows you to strategically utilize your capital for other pressing needs or investment opportunities.

Detailed Example: Capital One Spark Card

  1. Process Fee: 2.90%
  2. Cash Back: 2%
  3. Tax Break: 0.06%
  4. Final Fee: 0.35%
  5. Additional Benefit: 30-45 days of cash flow management and float revenue.
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Instant Payroll Funding

  • Use your credit card to cover payroll expenses instantly, even when your cash flow is tight.
  • Transfer funds from credit card to checking account via ACH, wire, or RTP and avoid missing payroll deadlines.
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No Need for Business Loans

  • Eliminate the hassle of applying for short-term loans or high-interest business advances.
  • Use your existing credit card to bridge payroll gaps without additional debt burdens.
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Earn Credit Card Rewards

  • Take advantage of cashback, points, or miles when using your credit card for payroll payments.
  • Maximize benefits without extra costs.
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Why Zil Money!

A technology-first approach
to payments and finance

Easy to Access

High Security

Easy Payment

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Flexibility for All Businesses

  • Ideal for startups, small enterprises, and growing businesses needing a quick payroll funding solution.
  • Works for salaried employees, freelancers, and contract workers.
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Frequently asked questions

FAQ Section
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.

Every Customer Review
is a Story of Trust

"
During a cash shortage while waiting for clients to pay me, Zil Money let me put my payroll on my credit card. It provided a bridge so my business did not suffer. It was super easy to set up and use.