Gymnastics is one of the most prominent sports in the U.S. as almost 35% of Americans are interested in it. With this interest, gymnastics schools are rapidly growing in the U.S. Despite all this growth, as a gymnastics school owner, you will face challenges when it comes to payments. You will have to make payments on time, especially to your equipment suppliers and employees, to maintain a good relationship. However, the problem arises when they prefer multiple payment methods. With Zil Money, the Checkeeper alternative, you can make payments via checks, eChecks, ACH, Wire transfers, and more.
In this blog, let us delve more into the multiple payment methods the platform offers to pay your suppliers and employees efficiently.
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Pay via Checks
Even though digital payments are growing, some vendors and employees still prefer checks. This is mainly because of their familiarity, reliability, and global acceptance. When it comes to payments via checks, ordering checks and waiting for their delivery is a hassle. This is because it takes 7-14 days for ordered checks to arrive and provides only a limited customization option. If there is any error in the check, you will have to order a whole new set. All of these can make ordering checks costly, and payments delayed.
- Customize and Print Checks: With Zil Money, you can eliminate the hassles of ordering checks by printing checks. The platform allows you to create and print checks instantly on demand. The customization feature of the platform allows you to add business logos, font styles, and background images. Once you have created and customized the checks, you can save the template for future use. These customization features of the platform can help you enhance your brand identity and boost professionalism. You can also import checks from your accounting software, by integrating it with the platform. After that, print your check with a few clicks using a blank stock paper and any printer.
- Mail Checks: As a gymnastics school owner, you will be busy handling the school and your students. There might be no time for managing payments, especially payments via checks. No need to worry! With Zil Money, you can easily mail checks to your intended recipients via USPS or FedEx. All you need to do is create or import checks. Printing checks, stuffing envelopes, and mailing will be handled by the platform. You can be stress-free; unlike traditional mailing, the platform provides tracking features. Therefore, you can ensure the checks have reached the intended recipient.
- eChecks: If your employees or vendors accept eChecks, it will be great, as they are the digital alternatives to regular checks. You can send eChecks on the cloud-based platform via email or SMS. As the recipient receives eChecks in a one-time printable PDF format, they can print and use it like a regular check.
Pay via ACH Transfer
ACH transfer is an electronic transaction where funds are sent directly between financial accounts via the ACH network. It is suitable for making one-time as well as recurring payments domestically. NACHA is the regulatory body that oversees ACH transfers. As an official NACHA member, Zil Money facilitates secure and efficient ACH transfers.
The cloud-based platform helps you simplify ACH payments. Send one-time as well as recurring ACH payments on the platform. Regular payments, like payments to your vendors and employees, can be made on time by setting up recurring ACH. This way, the platform helps you eliminate the hassle of remembering payments each month. Also, the platform offers you same-day ACH to complete last-minute transactions.
Pay via Wire Transfer
Gymnastics schools may purchase specialized equipment from international suppliers or hire international coaches and consultants to grow their business. For these, they have to make international payments. Cross-border payments made via traditional methods can be costly and time-consuming. Therefore, you will need a fast and affordable method to do international transfers.
Wire transfers are a fast and affordable way to do international transfers. With Zil Money, you can easily make international wire transfers with a few clicks. You can improve your financial operations as the platform offers international and domestic wire transfers. For making international wire transfers, you will need SWIFT/IBAN codes and for domestic transfer routing and account numbers.
Pay via Credit Cards
- Send payments to vendors: You can make credit card payments to your vendors easily through the cloud-based platform. Most of the time, your vendors will not accept credit card payments because of the interchange fees. But with the platform, you can easily pay via credit card even if the vendor does not accept it. This is possible as the platform allows you to choose the method by which your vendor wants to receive payment. This flexibility helps you acquire the reward points, and the payee does not have to pay interchange fees. This is helpful for gymnastics schools as they need to make vendor payments frequently for repairing equipment or buying new ones. They will be able to acquire rewards quickly, which they can reinvest in their business or use for operational costs.
- Fund Payroll: When your cash flow is short, paying your employees on time can be difficult. Use Zil Money’s Payroll by credit card feature to fund your payroll. For this, you need to provide the platform with a payroll summary from your payroll provider. Then, you can run payroll as usual, as the platform is integrated with top payroll software. Here, the platform helps you in transferring funds from your credit card to your business checking account, connected with the payroll provider.
The Conclusion
Gymnastics school owners can easily make payments to their vendors and employees using the Checkeeper alternative, Zil Money. The platform is an all-in-one solution where you can find almost all payment methods. You can easily pay your vendors and employees via checks, ACH, wire transfers, card payments, and more with the platform.
