Payment By Credit Card
Payment By Credit Card accumulates reward points with each transaction. Pay vendors using your credit card, even if they do not accept card payments directly. You can pay rent, taxes, and other bills easily with OnlineCheckWriter.com. Vendors will receive payments through checks, ACH, or wire transfers, and you can choose how they get paid.
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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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.
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.
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.
Cost-Free Transactions
In the past, vendors may have avoided accepting credit card payments because of the associated transaction costs or the required additional fees.
With an OnlineCheckWriter.com subscription, you can easily make payment by credit card to anyone via credit card without transaction charges or extra fees. It means you can keep all your credit card reward points, and there’s no more headache over credit card charges.
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.
Preserve Cash Flow
OnlineCheckWriter.com eliminates the stress of cash flow issues for small businesses. With the platform, you can pay vendors and suppliers using your funds or ours, ensuring you always have cash. Say goodbye to the struggle of paying bills before receiving payments from customers. OnlineCheckWriter.com provides instant access to funds, allowing you to pay invoices quickly and efficiently.
FREQUENTLY ASKED QUESTIONS
What to do if my vendor refuses to accept credit cards?
Don't worry; your vendor will not receive funds as payments by credit card but as checks or ACH. You can set up OnlineCheckWriter.com to process credit card payments for vendors who don't want credit card payments. You provide the platform with the payment information, which will cover the rest. The program can send payments electronically using ACH or by issuing a check.
Does my vendor/supplier have to pay any charge for receiving pay by credit card payments?
Importantly, no. We don't charge your vendor an additional fee because they accept payment by credit card. Instead, you pay a small 2.90% fee for each transaction – an industry-standard cost of doing business.
Can I really pay by credit card even if my vendors don't accept that?
Yes, you can! OnlineCheckWriter.com handles your credit card payment and then processes the vendor's payment by ACH or check. It means a vendor will be paid through the company, but you will get to pay by credit card, earning rewards and deferring payments to manage your cash flow better.
Pay By Credit Card With OnlineCheckWriter.com vs Pay By Credit Card Without OnlineCheckWriter.com
Payment via credit card with OnlineCheckWriter.com enhances your cash flow, makes time-sensitive payments, and earns rewards on your card while capturing early pay discounts from vendors.
Without OnlineCheckWriter.com, the payee suffers from high transaction costs and time-consuming account creation processes.
REVIEWS FROM ESTEEMED CUSTOMERS
Here are some precious reviews from our customers. We are pledged to make your life simple with all our features.
Frank Czar
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Travis Copeland
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