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.
Zil Money is a financial technology company, not a bank. Zil Money offers banking services through partnerships with FDIC member banks Texas National Bank and Lincoln Savings Bank. Customers are not directly insured by the FDIC - but through the pass-through coverage of our partner banks and is conditional on proper titling, record-keeping, and custodial arrangements.
- 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 2.90% 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
- Process Fee: 2.90%
- Cash Back: 2%
- Tax Break: 0.06%
- Final Fee: 0.35%
- Additional Benefit: 30-45 days of cash flow management and float revenue.
Learn To Fund Payroll By Credit Card See The Interactive Demo
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.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Earn Credit Card Rewards
- Take advantage of cashback, points, or miles when using your credit card for payroll payments.
- Maximize benefits without extra costs.
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.
FREQUENTLY ASKED QUESTIONS
What payroll service allows you to pay with a credit card?
How to pay bills with credit card?
How to receive credit card payments?
Charge Card vs Credit Card
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15-Day Free Trial Available!
No credit card required.
