Payroll By Credit Card
Timely Payroll: Fund payroll with a credit card to ensure employees are paid on time.
Earn Rewards: Claim cashback and rewards on payroll funding transactions.
Tax Benefits: Write off credit card fees as a business expense to reduce your tax liability.
Flexible Funding: Fund payroll in full or partially.
Peace of Mind: Never worry about missing payroll deadlines again.
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.
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: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: 2.95%
- Cash Back: 2%
- Tax Break: 0.06%
- Final Fee: 0.35%
- Additional Benefit: 30-45 days of cash flow management and float revenue.
Optimize Payroll Operations Using Credit Cards
Make payroll management easier by using credit cards to pay employees, even during cash flow challenges. Earn reward points while ensuring timely payments and keeping your business operations running smoothly.
Click Here to See Interactive Demo
Effortless Integration with Top-Tier Payroll Software
Quickly connect the platform with payroll software. The credit card feature ensures employees are paid on time, even during cash flow shortages, while simplifying the payroll process.
Streamline Payroll Management
Pay employees on time with ease, thanks to the credit card option. The platform integrates with popular payroll software like QuickBooks and Gusto, simplifying payroll tasks and improving cash flow.
Why Zil Money!
A technology-first approach to payments and finance
Easy to Access
High Security
Easy Payment
Revolutionizing Payroll Processing
Handle payroll during cash flow gaps with the credit card feature. This approach ensures timely payments while allowing you to accumulate reward points.
