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.