Zil Money Introduces ‘Payroll By Credit Card’ for Small Businesses
Zil Money has introduced a Payroll By Credit Card feature designed to help small businesses manage payroll cash flow while still paying employees on time.
When paying with a credit card, the funds are transferred directly to the company’s bank account or employer, and the employer can use the fund to pay the payroll, the B2B financial management solutions provider said in a Wednesday (Aug. 30) press release. In addition, the payer can earn credit card rewards.
Small and medium-sized businesses (SMBs) in the U.S. “face tightened cash flow as interest rates rise and overall liquidity decreases,” Zil Money said in the release. This puts those businesses “in a tight spot, with many struggling to tide over payroll day’s cash flow issues without hurting employee morale. Payroll By Credit Card helps businesses overcome these challenges and manage their finances seamlessly.”
The Payroll By Credit Card feature is designed to be user-friendly and easy to navigate, according to the press release. Users can link their company, credit card and bank information to the app, enabling them to handle payroll efficiently and seamlessly.
One of the key advantages of using Zil Money’s Payroll By Credit Card feature is its integration with leading payroll and accounting platforms, the release said. This integration allows businesses to streamline their payment procedures by modernizing financial management, making payments easier and improving the overall user experience.
Additionally, users have the flexibility to choose from other payment options, including RTP, payment links, international payments, wallet-to-wallet transfers, QR code payments and more, per the release.
“Payroll By Credit Card shows how financial technology solves business challenges,” Zil Money said in the release. “Zil Money’s innovation can lighten up all small business owners’ payroll problems and help them succeed.”
In another recent development in this space, Paycom Software on Aug. 1 launched a product called Everyday that helps employers and employees implement and use daily payrolls. The product allows users to get paid on a daily basis without paying a costly fee.
About a month earlier, in July, Intuit launched its new QuickBooks Workforce mobile app that is designed to help employees of firms across the U.S., Canada, the U.K. and Australia reduce administrative and payroll tasks. The app provides a centralized hub for users to manage their work and pay.
The post Zil Money Introduces ‘Payroll By Credit Card’ for Small Businesses first appeared on PYMNTS.com.