PAYROLL by CREDIT CARD
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PAYROLL by CREDIT CARD
Here is what this looks like in action!
*This Sample Use Case is for educational purposes.
This Sample Use Case is based upon the actual results TravelWealth Members have realized:
Member owns six retail outlets, accounting for $500,000 per month in payroll.
Member signed up for Payroll by Credit Card through TravelWealth’s exclusive link with the third-party payroll processor. As a result, the payroll processor provided Member with a dedicated account manager and a waiver of the processor’s subscription fees (worth $500 in monthly savings).
Running payroll is a breeze. The TravelWealth Team facilitated the initial setup with the Member’s CFO. That meeting took around 30 minutes. Member’s Payroll runs every two weeks.
Processing the payroll on a credit card only takes 5 minutes per pay period.
On $500,000 in monthly expenses, Member is incurring $14,750 in fees per month (2.95%). However, Member is able to write off these payment processing fees as a business expense. Taking into account Member’s tax bracket, this lowers the effective cost of the fees to approximately $8,900 per month (this number will vary based on individual financial circumstances – consult your tax professional for advice).
On payroll alone (not even counting other expenses), Member is earning at least 1 Million points per month!
Member has realized substantial value from these points. With the help of TravelWealth’s Travel Team, Member has already booked an epic around-the-world trip with stops in Europe, Africa, Asia, and the Pacific Islands. All flights are in premium Business/First Class, the luxurious accommodations are 5-star, the excursions read straight off a bucket list, and it was all paid with points.
In all, the redemptions average out to 2.5 cents per point. This means that for every 1 Million points earned, Member is realizing $25,000 in actual value.
Taking into account the fees to acquire these points, Member is generating $16,150 in added value each month, and nearly $200,000 per year.
Thanks to Payroll by Credit Card, Member is leveraging his largest expenses to realize the travels of his dreams.
Disclosures
Results and value may vary. TravelWealth makes no guarantees that this model will benefit all Members.
TravelWealth is not a financial services provider. Payroll by Credit Card is administered by an unaffiliated third-party.
TravelWealth does not provide tax advice. Please consult with a tax advisor for any tax-related matters.