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-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.
By combining these strategies, the actual cost of using a credit card to handle business expenses can be significantly reduced, while also providing the flexibility to manage cash flow more effectively.
Pay by Credit Card: Payees Receive as Checks, ACH, Wire
Your vendor might have declined credit card payments in the past due to the associated transaction fees, or they might have requested an extra cost to compensate for these charges. The annoyance of credit card fees is no longer a concern.
You can use credit cards, the payee doesn’t have to worry about transaction charges, and you can retain all your credit card reward points. Begin your subscription with ZilMoney.com today to start enjoying this advantage immediately.
Features at Your Fingertips
From accounts payable and receivable functionalities to comprehensive online banking and beneficial integrations, Zil Money can meet the payment management requirements of all types of businesses.
Pay by Credit Card Without Stress; Maintain a Steady Cash Flow
Never Encounter a Cash Deficit; We’re Here to Handle Payments for You. Opt to Utilize Your Funds or Ours in Every Transaction.
Often, small businesses face a cash squeeze as they have to compensate their vendors and suppliers faster than their customers clear their dues. That’s a problem of the past now! With ZilMoney.com, you can settle your business invoices swiftly, thanks to the immediate availability of funds.
In total transaction volume
Connected banks & financial institutions
Monthly business users
Total users, and growing
Mail Check Payment from Credit Card and Wallet
Zil Money simplifies receiving mail checks by allowing users to make payments from their Credit Card and Wallet. This innovative feature streamlines transactions and enhances efficiency. Users can securely integrate credit cards and wallets for seamless payment management, making Zil Money a valuable tool for modern financial transactions.
FREQUENTLY ASKED QUESTIONS
What to do if my vendor refuses to accept credit cards?
Does my vendor/supplier have to pay any charge for receiving pay by credit card payments?
Can I really pay by credit card even if my vendors don't accept that?
Pay by Credit Card with Zil Money vs Pay by Credit Card without Zil Money
Without Zil Money, the payee suffers from high transaction costs and time-consuming account creation processes.
Trusted By The Leading Brands Around The World
Secure and reliable platform. In addition to being easy to use and very intuitive.
Zil Money is a great company they help us to manage our money. I always have difficult with that, but with Zil I can have the control of my money.
A very helpful financial company that facilitates customer services in the best way. thinks seriously about its customers with practically every