Pay By Credit Card
How long does the credit card payment approval take?
Uploaded documents are typically reviewed within 30 minutes to one hour. Once approved, the credit card is charged and the payment (check/ACH/wire) is processed.
Is documentation required when using a credit card?
Yes. A supporting document (like an invoice for vendor payments or a payroll summary for payroll funding) is required. This helps Zil Money’s risk monitoring team approve credit card transactions.
Can checks be mailed using a credit card?
Yes. Once the credit card feature is live, users can mail checks by charging their card. The check will be printed with the user’s business details and sent directly to the recipient.
Can I use Zil Money's platform for other payment services like check printing or ACH payments?
Yes, you can use Zil Money to create checks or send ACH payments to vendors or other accounts. You can also open a business bank account with Zil Money.
What are the fees for using a credit card for payments?
A 2.9% processing fee applies to credit card payments. ACH payments are free, but if you choose same-day ACH or wire transfers, additional fees may apply (e.g., up to $40 for same-day ACH and $12 for wire transfers).
Can I use my credit card to pay rent or mortgage through Zil Money?
Currently, you can use your credit card to pay rent by sending payments via ACH or mailing checks directly to the landlord. However, mortgage payments cannot be processed with a credit card as they are categorized as loan payments.
What are the current fees for credit card transactions?
The processing fee for credit card payments is 2.9%. Same-day ACH transactions have a maximum charge of $40, and wire transfers are $12 + 0.1%.
Can I pay rent using my credit card through Zil Money?
Yes, you can pay rent by sending an ACH payment to your landlord or mailing a check funded by your credit card.
Can a user purchase land in cash using the "Pay by Credit Card" instead?
Yes, you can purchase land or property with a credit card if you have an invoice. The process involves: Selecting "Pay from" dropdown and choosing "Card." Entering the amount, selecting/adding your credit card, and adding vendor details. Entering the ...
Can a user use the "Pay by Credit Card" feature to pay a down payment on a house?
No, recent updates from credit card processors restrict mortgage or loan payments, including down payments.
What are the fees for credit card transactions?
A 2.9% credit card processing fee applies. Additional fees vary by payment method: Same-day ACH: Max $40 per transaction Regular ACH: Max $10 per transaction Wire Transfer: $12 + 0.1% of the amount Virtual Card: $0.99 per transaction Mailed Check: ...