- Better Cash Flow!
- Tax Breaks!
- More Rewards!
- Happy Employees!
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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:Â 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.
Payroll Funds Without Delays
Get payroll funds when you need them! Transfer money from your credit card to your checking account quickly and securely via ACH or wire with Zil Money.
Learn To Fund Payroll By Credit Card See The Interactive Demo
Turn Payroll into Perks
Why just pay salaries when you can earn rewards too? Fund payroll with your credit card and unlock cash-back, bonuses, and savings.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Keep More Money in Your Business
Reduce taxable income by paying payroll with your credit card. Enjoy the benefits of potential deductions while keeping your cash flow strong.
Hassle-Free Payroll Connection
Easily link the platform with leading payroll solutions in just a few clicks. Optimize payroll operations without disruptions or extra effort.
FREQUENTLY ASKED QUESTIONS
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