You retain the flexibility to charge a part or part of your payroll to your credit card. Using the accurate payroll calculator, you can ensure that the funds transferred are directed promptly to your bank account or employees.
Zil Money is a financial technology company, not a bank or an FDIC member. Zil Money offers banking services through partnership with FDIC member banks Silicon Valley Bank, Texas National Bank, and East-West Bank.
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.
Additional Resources
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.
Optimize Payroll Operations Using Credit Cards
Payroll by credit card service provided by ZilMoney.com is designed to enhance your payroll management and stabilize your cash flow, especially when you need additional funds. Each credit card transaction via this service allows you to accumulate reward points. In urgent situations, using your credit card can expedite the payment process. Begin leveraging the flexibility of managing your payroll with a credit card today.
$50B+
In total transaction volume
22K+
Connected banks & financial institutions
20K+
Monthly business users
1M+
Total users, and growing
Effortless Integration with Top-Tier Payroll Software
ZilMoney.com provides an innovative solution to alleviate payroll processing difficulties. Upon using the application, your business is instantly linked. You can input your credit card and bank account details via the company setup section. Visit the payroll page and click ‘Process Now’—the operation is as simple as that!
Payroll by credit card feature on ZilMoney.com ensures that your employees get paid on time, even during cash flow shortages. Additionally, this cloud-based platform maintains integrations with industry-leading software such as QuickBooks, Gusto, and Zoho, offering an efficient payroll management system.
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.
Check Printing
Drag and drop to instantly create checks & print using any printer.
Pay By Credit Card
Use credit cards even when your vendors don't accept them.
ACH Payment
Make one-time or recurring ACH/RTP payments in one click.
Wire Transfers
Send money electronically from one financial institution to another.
Bill Pay
Pay & schedule bills online, managing supplier payments & reducing risk.
Digital Checks
Digitize your paper checks and make your payments via email or text.
Software Integrations
Integrate Zil Money with your accounting and payroll software.
Cloud Bank
Open an online banking account with Zil.us. Streamline payment management & save.
Payment Link
Create and send a secure URL for customers to make online payments easily.
Streamline Payroll Management
Payroll by credit card functionality within ZilMoney.com guarantees timely disbursement of salaries, overcoming any cash flow constraints. Moreover, this cloud-based payroll services platform sustains integrations with renowned payroll software like QuickBooks Payroll, Gusto Payroll, and Zoho, delivering a proficient payroll system. This unique feature seamlessly accommodates ADP Payroll services, offering businesses extensive tools to streamline their payroll processes.
Trusted By The Leading Brands Around The World
Revolutionizing Payroll Processing
Payroll by credit card system is a lifesaver during cash flow difficulties, ensuring your business continuity is unaffected. This revolutionary service flawlessly synchronizes with the best payroll software available. An added perk of this system is the accrual of reward points on your credit card. Payroll by credit card offers an effective solution for payroll management and rewards you, optimizing your business costs and enhancing your fiscal flexibility.
This online business payroll service streamlines your process and lets you reap your credit card rewards. As a comprehensive payroll service provider, payroll deductions are simplified, reinforcing the platform as a fully-rounded solution.
FREQUENTLY ASKED QUESTIONS
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Payroll vs Paycheck
PRECIOUS REVIEWS FROM
OUR CUSTOMERS
Vendor Management: Easily handle bill payments, instant check printing and mailing, invoicing, positive pay, and access User/API features across various platforms.
I had to be very cautious in a disputing situation when the check hasn’t arrived and goes to the bank, digging through all my paperwork.
Frank Czar
Zil Money has made my life easy. Now I can print all the checks on Blank Check Paper and export from my QuickBooks as well.
Bimal Daftari
I always have to give checks ahead in many situations. Now it’s so easy to keep up. Same way making deposit slips on demand also very easy.
Travis Copeland
I was confused of managing multiple companies as an accountant. I found Zil money then and now everything is just easy.
William Andrews
Total Money Moved
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Total People Paid
1,020,421 +
Total Businesses Satisfied