This blog gives you information on how you can Pay Workday Payroll by Credit Card using Zil Money.
Imagine that you are a voice artist who has always loved to give life to characters who exist only in drawings and scripts. Till now, you have given voice to a number of cartoon heroes and animated villains. Now, it is time for you to begin a new chapter in your journey. You have decided to start a dubbing studio of your own. Your aim is to create a family of talented voice artists, sound engineers, and scriptwriters who share your passion for storytelling.
As you don’t have any previous experience running a business, you visited other dubbing studio owners with whom you have previously worked to learn about the challenges they faced during their starting stages. Most of the challenges they faced were finding good work, building a reliable client base, etc. But for you, that was not a very big deal since you have over a decade of experience and contacts in the industry. The only thing that haunted you was the challenge of making payments on time.
One thing that you decided at the very beginning was that, no matter what, your current business should not affect the reputation you built after years of working hard. There should be no complaints, no regrets! All your employees should be satisfied, and the key to that is timely payroll payments.
It is quite natural that during the initial stage of your business, you may have difficulty arranging funds for payroll on time. This is mainly because, during this time, you may have to find money for initial investments like equipment purchases, etc. And sometimes, you may receive payments from clients days after the payday of your employees. In these times, you need a solution that balances the gap between the payday of your employees and the day your clients pay you.
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What Is the Solution?
The best solution that can help you in the above-mentioned situations is credit cards. You may use credit cards to make payments even when you don’t have enough money with you. With credit cards, you may transfer money directly to your payee’s checking account. But, for paying payroll using a payroll provider, you need cash in your business checking account, which is not normally possible. That’s where you need Zil Money!
The cloud-based platform allows you to transfer funds from your credit card to your business checking account. That is, with the platform, you can use your credit card for making salary payments to your employees. This way, you can enjoy credit card rewards while paying your employees. Sometimes, you may also receive cashback, which you can further invest in your business to increase profitability.
Distribute Your Payroll Easily
After the funds got transferred into your checking account, the next step is the distribution of payroll. For this, you can either use the payroll provider or the cloud-based platform itself. If you are using the platform, you can easily collect your employee data from your payroll software by integrating the platform with the payroll software. The integration helps you to eliminate all those manual data entry requirements.
By eliminating manual data entry, you are also reducing the chances of mistakes and delays that usually come with manual data entry. Moreover, with the platform, you also get the chance to pay your employees via the method they prefer. The platform offers multiple payment methods, all of which are easy to use and affordable. Let’s learn more about them.
Multiple Payment Options
Zil Money offers numerous payment options, of which checks, ACH, and wire are some of them. If you are using checks for paying your payroll, you have three ways to make the payment. One is via printing them on your own and giving them directly to your employee. For this, you only need a regular printer at home or in your office and blank stock papers. When you print checks on blank stock papers instead of ordering them from third parties, you save 80% of your check printing costs.
The second way you can make check payments is by directly mailing them to your employee. Here, the platform will print your checks on your behalf, put them in an envelope, label them, and mail them via USPS/FedEx. Finally, the third one is sending the digital versions of checks. The platform will send eChecks as one-time printable PDFs via email or SMS instantly.
Making ACH payments with the platform is easy and affordable as the platform is an official member of NACHA, which is the organization guiding the ACH network. You can make both international as well as domestic wire transfers with the platform.
Use Credit Cards for Paying Your Vendors
With Zil Money, you can use credit cards for paying your vendors in addition to making payroll payments. The benefit of using the credit card feature from the platform is that there are no interchange fees. That is, when you enjoy the rewards of credit card payments, you don’t have to worry about the transaction fees your payee has to pay while accepting the payment.
The platform makes this possible by acting as a middleman between you and your vendor. The cloud-based platform accepts your credit card payment and sends the money to your vendor via the other payment options available. You can choose the method via which your payee should receive money.
Conclusion
You can pay workday payroll by credit card easily with Zil Money. The credit card feature from the platform allows you to pay your employees even when you have any fund shortage. You can use the platform for distributing the payroll as well. The platform provides a number of payment methods for this. You can choose among them according to your preferences.
