How RewardPay and Amex can help small business cash flow
By RewardPay
3 min read
How RewardPay and Amex can help small business cash flow
Effective cash flow management is crucial for the success of your business, enabling you to make informed investment decisions, purchase new machinery, pay for inventory, and ensure you have funds available when needed.
The importance of cash flow management
Managing your cash flow allows you to:
Make Informed Investments: Ensure you have the funds to invest in new equipment or inventory.
Cover Daily Expenses: Have the necessary funds to pay for day-to-day operations.
Increase Revenue: Invest surplus cash to generate additional income.
Plan for Marketing and Growth: Use extra cash to invest in marketing efforts or take advantage of supplier discounts.
Maintain Supplier Relationships: Pay suppliers on time to foster positive relationships and protect your business’s reputation.
Using credit cards for cash flow management
A strategic way to manage your cash flow is by using your American Express credit card for business expenses. For instance, if your Amex credit card offers up to 55-days interest-free, you can make purchases at the start of your billing cycle and have up to 55 days before you need to pay. This allows you to earn revenue from your investments before any cash outflow.
Example: Imagine you run a coffee cart and plan to attend a large exhibition. By purchasing supplies on your credit card at the beginning of the billing cycle, you won’t need to pay for up to 50 days. The exhibition occurs within this period, so you earn income before paying for your supplies. This method helps you manage cash flow by knowing the exact timing of your cash outflows.
How RewardPay can help
RewardPay.co.nz enables businesses to use their American Express card to pay suppliers, taking advantage of the interest-free period to earn income before making payments. This service helps you:
Optimize Cash Flow: Delay cash outflows while earning revenue.
Improve Financial Planning: Know the exact timing of your expenses.
Strengthen Supplier Relationships: Ensure timely payments to suppliers.
By using RewardPay.co.nz for more of your large business expenses with your Amex card, you can effectively manage your cash flow, invest in growth opportunities, and maintain positive relationships with your suppliers. This strategic approach can significantly benefit your business, ensuring long-term success and stability.
Only with RewardPay
In New Zealand, RewardPay is the only company that enables you to use your Amex card to pay more of your everyday suppliers – payments such as your tax, business rent, contractors and other everyday suppliers who don’t normally accept American Express payments. You can maximise your Membership Rewards Points and make the most of your business cash flow. Thousands of business owners use RewardPay everyday for their business payments and are reaping the business rewards.
How to make the most of up to 55 days interest free period
Watch the video below to see how the 55 days interest free period works with your Amex card and visit rewardpay.co.nz to sign up and make the most of your points and cash flow opportunities.
Get started
Check out RewardPay.co.nz to find out how you could be maximising your business spend to boost your business cash flow and your points – and secure those business class seats.
Sign up to RewardPay and start maximising your cash flow
Many businesses rely on contractors for various services, from tradespeople to consultants. While contractors are essential to your operations, their invoices can be substantial. However, with Rewardpay.co.nz, you can turn these necessary expenses into a windfall of credit card rewards points.
Get smarter about managing your business expenses by paying your rent with your American Express credit card. Rent is a significant recurring expense, so why not leverage it to earn rewards points and improve your cash flow?
Signing up is free, takes around 5 minutes, and there are no setup fees or ongoing obligations. Click here to register. You will need your active NZBN, email address, and mobile number. When creating your password, make sure it is unique to RewardPay and stored somewhere safe. Once registered, check your email to verify your email address, then log in and complete a one-time identity verification. Once verified, your account is ready to start making payments and earning rewards.
RewardPay NZ offers three subscription tiers: Free ($0/month), Silver ($85/month) and Gold ($165/month). Amex transaction rates vary by tier, starting from 2.10% on Gold. Bank payments start from 1.99% across all tiers. Processing fees are a deductible business expense. See our full pricing breakdown at rewardpay.co.nz/pricing.
RewardPay supports payments to any New Zealand business with an active NZBN – including suppliers, the IRD, KiwiSaver, rent, contractors, marketing, utilities, equipment, accounting and tax pooling. Payroll payments are also supported via Pay-by-Bank. Some restrictions apply – see the RewardPay Terms and Conditions for details.
Still have questions? Chat with us.