In this blog, we are looking at how a brewpub can benefit from using GoBank Alternative, Zil.US.
In the heart of every vibrant community, brewpubs stand as bustling hubs of social interaction and local flavor. They offer a unique combination of craft beer and culinary delight, drawing in patrons eager to savor innovative brews paired with delicious meals. Presently, more than 3000 brewpubs operate in the US.
However, behind the inviting atmosphere and the clinking of glasses, many brewpub owners often face many payment challenges. Below are some of them.
- Cash Flow Fluctuations: Brewpubs can experience seasonal peaks and downfalls. For them, this unpredictability in revenue can lead to cash flow challenges, which makes it difficult to manage daily expenses and payroll.
- Vendor Payments: A brewpub may have a number of vendors and suppliers for ingredients, equipment, and even utilities. Timely payment to each of them is crucial. Any delays in payment can disrupt the supply chain and affect the quality of offerings.
- Expense Tracking: Brewpubs may have to keep track of numerous expenses, from staffing and equipment maintenance to marketing and utilities. A lack of organization can lead to overspending or missed opportunities for savings.
What is the solution for this?
Zil.US offers effective solutions with which you can overcome all these problems. Let’s check what those are!
No-Fee Checking Accounts
Zil.US offers checking accounts that are completely free. The checking account from the cloud-based platform comes with no initial fees, monthly fees, maintenance fees, etc. In short, the platform offers a checking account with no hidden charges or fees, unlike other checking accounts. There is also no minimum balance or minimum deposit requirement. You can also track all the transactions happening to and from this checking account.
By eliminating checking account fees, a brewpub can allocate those savings to other crucial areas, such as ingredient sourcing, marketing efforts, or equipment upgrades. Moreover, with no fees eating into their funds, brewpubs can have much better cash flow. This particularly benefits them during seasonal fluctuations when income might dip.
Simplify Your Payments with ACH Transfers
Studies show that despite the emergence of real-time payment options, ACH transfers still stand as a cornerstone of the financial industry. According to NACHA, the organization regulating ACH, of which Zil.US is an official member, the total number of ACH payments in the third quarter of 2024 was 8.4 billion. The value of these many transactions was $21.5 trillion.
A brewpub can use ACH processing for multiple purposes. They can use it for paying bills, payroll, tax, refunds, and many other purposes. ACH processing times normally depend on factors such as the types of ACH transactions, the processing schedule of the ACH operator, and whether the transaction is same day or standard.
A standard ACH transaction usually takes 1-3 business days to get processed. On the other hand, same-day ACH payments are usually processed and settled within the next business day. You can make both standard ACH and same-day ACH with Zil.US at an affordable cost.
Send Wire Transfers Without the Hassle
Wire transfer is one of the fastest and most secure ways of sending money electronically. The total number of wire transfers that originated in 2023 was more than 190 million, and the total number of wire transfers that originated in September 2024 alone was more than 17 million.
You can make wire transfers easily with Zil.US. Wire transfers are completed within a few hours or days, depending on the destination. This makes them ideal for dealing with urgent payments. They are also ideal for making high-volume transactions as the transaction limit is high when compared to other payment options.
The cloud-based platform allows you to make both domestic as well as international wire transfers. For making international wire transfers, you may need specific codes like SWIFT or IBAN. On the other hand, you can make wire transfers only with the routing number and account number.
Why You Need a Virtual Card
Virtual cards are one of the revolutionizing ways to manage payments. Presently, the market size of virtual cards is USD 319.20 Billion and is expected to reach USD 562.46 Billion by 2029. A brewpub can use virtual cards from Zil.US to make payments instantly.
For making virtual card payments using the cloud-based platform, all you need to do is take a subscription and fill your wallet. You can make payments until your wallet balance is zero. Yet again, you don’t have to worry when the balance is zero, as the platform allows you to recharge your wallet easily once it is empty.
Another benefit of using virtual cards is that it reduces the risk of fraud by providing single-use numbers for specific transactions. This means that each payment will have a unique card, expiration date, and spending limit.
Conclusion
Brewpubs using the cloud-based platform can considerably reduce their administrative work and save a lot of costs. GoBank Alternative, Zil.US, offers you a no-fee checking account as well as multiple payment options that can simplify your financial operations. By taking advantage of these innovative financial solutions, brewpubs can thrive in a competitive market.
