- 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 2.95% process fee, reducing the effective cost.
Tax Benefits
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.
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: 2.95%
- Cash Back: 2%
- Tax Break: 0.06%
- Final Fee: 0.35%
- Additional Benefit: 30-45 days of cash flow management and float revenue.
Fund Payroll with Credit Card
✔ Keep cash reserves intact while ensuring timely payroll processing.
✔ Small businesses can reduce tax outgo and improve financial flexibility.
✔ Enjoy the convenience of funding payroll without immediate cash availability.
Learn To Fund Payroll By Credit Card See The Interactive Demo
Easily Upload Payroll Details – Quick & Simple!
✔ Log into Zil Money, select “Payroll by Card”, and start processing instantly.
✔ Enter essential payroll details like gross pay & payroll check date.
✔ Upload payroll summary files or connect payroll software for direct data import.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Earn Rewards While Paying Payroll!
✔ Get cashback or redeemable points when paying payroll by credit card.
✔ Reduce business expenses by writing off credit card fees as tax-deductible costs.
Manage Payroll Records with Ease!
✔ View all payroll payments in a detailed status dashboard.
✔ Export payroll reports as PDF or Excel files for easy sharing and record-keeping.
✔ Minimize manual errors and streamline accounting for better financial control.
FREQUENTLY ASKED QUESTIONS
Can you pay payroll with a credit card?
Can you pay rent with a credit card?
How to pay with credit card?
Payroll vs Paycheck
Every Customer Review is a Story of Trust
15-Day Free Trial Available!
No credit card required.