Zil Money is a financial technology company, not a bank. Zil Money offers banking services through partnership with FDIC member banks Silicon Valley Bank and Texas National Bank.
- Better Cash Flow!
- Tax Breaks!
- More Rewards!
- Happy Employees!
- Better Cash Flow!
- Tax Breaks!
- More Rewards!
- Happy Employees!
Learn To Fund Payroll By Credit Card See The Interactive Demo
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.
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.
Use Credit Cards as a Payment Source
Small businesses must depend on flexible financial options to ensure smooth operations. If you use Paycom Payroll or other payroll software, you can use credit cards as a payment source with Zil Money. Benefit from immediate access to funds and ensure that your employees are paid on time. With the platform, you can fund payroll partially or fully with credit cards.
Our Features AP/AR
We offer a wide range of banking features to make your business transactions secure and flexible. Now you can pay and receive payments with our easy-to-use software and dive into the journey.
Check Printing
Create and print business checks at your office desk with a drag and drop design.
ACH
Pay or get paid one-time or recurring ACH/RTP with low transaction fees.
Integration
Integrate with the top third-party applications.
Pay Bill
Pay Bills Online, Schedule them, Manage suppliers, and reduce risk.
Pay By Credit Card
Now pay by credit card even if they don't accept them.
Wire Transfer
Transfer money electronically from one financial institution to other.
Deposit Slips
Instantly create & print the deposit slip of any Bank. Keep track & auto reconcile it.
Invoicing
Create invoice to your customer and send link through email.
Cloud Bank
Open an online bank account with no hidden charges.
Email Check
Send your checks as a one-time printable pdf with a tracking facility.
Payment Link
Create an HTML form or link to receive payments.
User/Approver
Give access to accountant or clients with a role based user and approval process.
Check Mailing
Check mailing without leaving your desk for $1.25. We print and mail it by USPS/FedEx.
Digital Checks
Digitize your paper checks and make your payments via email or text.
Bank Data
Connect & reconcile, Categorize from Any Financial Institution automatically.
API/White Label
Interactive developer-friendly API. Complete white label solution.
Potential Lower Tax Out-Go
Another benefit of using the payroll by credit card feature is that you can lower your tax out-go. Payroll expenses can be deducted from taxable income. So, by funding payroll by credit card, businesses can lower overall tax liability. Also, users can earn credit card benefits in the form of cash backs and travel miles depending on the credit card provider.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Ensure Timely Employee Payments
Credit cards can be used as an emergency funding option to ensure there are no delays in disbursing employee payments. Small businesses can now handle financial emergencies and unexpected situations without worry. Even if you do not have cash on hand, you can use credit cards to cover payroll expenses. Keep your operations running smoothly with Zil Money.
Accept Credit Card Payments
Along with paying Paycom Payroll by credit card, the platform allows businesses to accept credit card payments. You can request payment by sending customized payment links to your clients. They can pay with a credit card and the funds will be deposited into your wallet. This feature gives businesses more control over payment collection.
FREQUENTLY ASKED QUESTIONS
Why is payroll important?
Can you pay payroll with a credit card?
How to accept credit card payments?
Paycom vs ADP
PRECIOUS REVIEWS FROM
OUR CUSTOMERS
During a brief shortage waiting for clients to pay me, Zil Money let me put my payroll on my credit card. It provided a bridge so my business did not suffer. It was super easy to set up and use.
Greg Forrest
Owner of Spherion Staffing & Recruiting
Best partner of your life! Zil Money is my new bestfriend!
Sharmaine Buen Maloloy-on
Sales Account Manager at Bigleap Technologies Inc
Looking for better options for your business? Zil Money accompanies you.
Sergio Alvarado Garcia
Community Manager at
Rebeca Nails Art
I enjoy using Zil Money for 3 key reasons. Record keeping, as it keeps a database of the checks each unique user has loaded. Being able to navigate and cut checks from different bank accounts. Pulling up the 1099s at the end of the year for vendors and ensuring all of the checks we cut to them can be easily accessed and a number is given.
Alonso Noriega
Accounting Manager at LT Property Management LLC