Payroll By Credit Card
Short on cash but need to run payroll? Use your credit card to pay your employees seamlessly for a small fee. Keep your team happy and your business running smoothly!
- Instant Transfers: Funds are wired to your account or directly to employees.
- Earn Rewards: Enjoy credit card points on every payroll transaction.
OnlineCheckWriter.com- Powered by Zil Money is a financial technology company, not a bank. OnlineCheckWriter.com offers banking services through partnership with FDIC member banks like Silicon Valley Bank and Texas National Bank.
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1M+
online business accounts
88B+
transaction volume
16M+
checks processed
How to do it?
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.
Use Credit Cards to Pay Payroll
- Transfer funds from your credit card to your payroll connected business account easily.
- Distribute payroll to your employees as usual.
Our Features AP/AR
OnlineCheckWriter.com - Powered by Zil Money offers a wide range of payment features to make your business transactions secure and flexible. Now you can pay and receive payments with the 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.
Payments 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 checking 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.
Overnight Check Mailing
Overnight Check mailing without leaving your desk. We print and mail it by 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.
Eliminate Cash Flow Issue
Use credit cards and pay payroll even when you have fund shortages. Keep your business running smoothly even while having cash flow issues.
Easy To Access
Instant access to your account anywhere, anytime.
High Security
Secured with Encryption, Fraud Detection, and Infrastructure.
Easy Payment
Efficiently transfer funds to where they're needed.
Earn Cashback and Rewards
Pay payroll with a credit card and turn every transaction into savings. Earn cashback, rewards, and travel points while keeping cash flow intact.
MULTIPLE FEATURES, ONE PLATFORM
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CONNECT ANY BANK, PREVENT FORGERIES
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OPEN A MODERN CHECKING ACCOUNT WITH ZIL US
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FREQUENTLY ASKED QUESTIONS
How to pay someone with a credit card?
OnlineCheckWriter.com allows you to pay anyone with a credit card without them incurring any transaction costs. You can decide how the payee receives it and choose between ACH, check, or wire transfer.
How accept credit card payments?
You can accept credit card payments, even if you are not a merchant. OnlineCheckWriter.com allows you to accept credit payments as ACH, Wire transfer, or Check and eliminate any credit charges or transaction costs.
How do credit cards reward work?
OnlineCheckWriter.com can be an effective tool to enhance your rewards strategically. With clear visibility of all your transactions, you can plan your spending to maximize rewards based on your credit card issuer's specific categories. If your credit card offers higher points for certain purchases, the cloud-based platform allows you to prioritize those transactions, boosting your overall reward points.
Credit Card vs Debit Card
Credit cards and debit cards are two types of payment cards used for making transactions. However, credit card payments are not accepted by everyone. With OnlineCheckWriter.com, you can make credit card payments even if they are not accepted.
You will love OnlineCheckWriter.com. We are sure.
We are confident to offer a 15-day free trial.
No credit-card required for free trial.
Trial period comes with full features: unlimited checks, bank accounts, users/ employees, etc.
