How you handle your funds and conduct transactions is changing significantly in this digital world. One of the most innovative payment solutions that have come out of this change is virtual cards. The challenges you may face with physical cards, like security risks and lack of flexibility, are mitigated with a virtual card. Get an instant virtual card from the cloud-based platform to handle your business transactions easily.
Digital Marketing Companies are rapidly growing in the U.S. market with the rise of digital transformation. It is estimated that the global market value of digital marketing will reach approximately $1.3 trillion by 2033. Due to the rapid growth in the number of internet users, businesses have started to invest more in digital marketing. As a result, digital marketing companies are getting more opportunities and expanding themselves.
Despite all this growth, digital marketing firms may face certain challenges, especially when it comes to payments. Let us see what are the common payment challenges faced by digital marketing firms:
- A digital marketing company usually relies on freelance content creators, designers, developers, etc, to run their companies successfully. Paying them on time is very important to keep a good relationship with them. This is because late payments can lead these freelancers to deliver their work late, negatively affecting the operations of your firm.
- A digital marketing company may use various platforms for analytics, SEO, social media management, etc. All of these require a subscription and paying for these on time is very crucial to manage the company operations smoothly.
- Your clients may delay payments due to several reasons affecting your cash flow. However, you may have to pay your employees on time. This can be even before your clients settle the full payment.
- As a digital marketing company, relying on traditional methods of payments can be time-consuming and risky.
All of these problems can be solved by using Zil US’s instant virtual cards. The cloud-based platform is the best solution you can find for the payment needs of your digital marketing company.
Why Virtual Cards for Digital Marketing Companies?
Virtual cards are a significantly growing payment option in B2B transactions. They function the same as a physical card, but they do not have a physical form. Online transactions can be easily made using a virtual card.
Utilizing a virtual card can be extremely beneficial for managing various payment needs of your digital marketing company. Zil US’s virtual cards are the best payment option for handling different payment needs. This is because you can get multiple virtual cards on a single account with the platform. These cards can be shared with multiple employees by setting a spending restriction on each card.
As a digital marketing company, multiple vendors like subscription platforms, influencers, freelancers, etc need to be paid on time. With the multiple virtual card feature of the platform, you may assign each employee with a specific card for managing these payments. Moreover, you can customize spending restrictions for each card. With this, you will be able to track your expenses efficiently.
What Are the Benefits of Utilizing Virtual Cards?
- Lowers Fraud Risk – Utilizing a virtual card can lower the fraud risk associated with physical cards. Since there is no real card involved in transactions, you can eliminate the stress of the card getting lost or stolen. They have built-in security features to prevent any unauthorized access. Furthermore, if there is any suspicious activity, you may easily freeze or block the cards just by logging into your account.
- Activate Instantly – With a virtual card, you can eliminate the hassle of waits associated with physical cards. This is because virtual cards can be used as soon as it is activated.
- Set Spending Restrictions – You can control your business expenses easily by setting spending restrictions on virtual cards. By this, you can keep track of your expenses easily and have a controlled financial environment.
- Convenient to Use – Physical cards need to be carried safely to avoid them from getting lost or stolen. There is no hassle in carrying a virtual card as they are on your smartphone or computer. There is no need for a specific card payment machine to make payments via a virtual card. Therefore, you can use them anytime from anywhere at your convenience.
Fee-Free Checking Accounts for Your Business Needs
You can easily open a fee-free business checking account with Zil US. To open an account on the platform, there are no minimum balance needs or monthly maintenance fees. This can be greatly beneficial for small digital marketing companies that are at their initial stage. They do not have to worry about keeping a minimum balance in their account. This is because the platform does not charge any fee for not keeping a minimum balance. You can make payments hassle-free without worrying about any hidden charges using the platform.
Conclusion
Digital marketing companies can easily make business transactions using an instant virtual card from Zil US. They can make payments to their vendors, subscription platforms, employees, etc, using virtual cards. The platform allows you to get multiple virtual cards on a single account. With these cards, you can have more control over finances and operate more securely, efficiently, and flexibly.
