Law Firm Accepting Credit Cards

Legal representation is very expensive, and most individuals cannot afford to pay cash to retain an attorney when they need one. Accepting checks for large sums of money can also be risky. That's why it's incredibly important for a practice to secure the best rate for merchant services designed to accommodate them.

No matter what sort of speciality field you are practicing, a merchant account will allow you to process Visa, Master Card, American Express and other major credit cards for your clients. Then you can bill their cards as needed, or collect a lump sum retainer to draw on when you provide services pertaining to their court cases. Our company can help you get set up with transaction processing suited for your legal practice.

• Divorce & Family: Professionals practicing in these areas typically expect long, drawn out cases that can last for months at best and decades at worst. Retainers are absolutely necessary, and most new clients are expected to pay anywhere from $5,000 up to secure legal representation for their divorces and/or custody battles. Credit cards are almost always a preferred form of payment, both because they are easily accessible for customers to use and because they provide a secure method of payment for the company. We can help you set up a divorce and family merchant account today.
• Corporate: Although businesses and corporations sometimes have more flexible cash flow which allows them to retain and pay their attorneys by cc, cash or check, start-ups, small businesses, and even large companies often prefer to use credit for major expenses, like legal fees. Companies also depend on best rate merchant processing to handle their important transactions.
• Boutique Companies: Small practices and individuals in business for themselves are also good candidates for accepting credit cards from their clients. As a boutique firm specializing in unique or very specific areas of the field, one cannot risk losing customers over a small issue like payment method. An affordable merchant account will help you to win over clients who require the flexibility offered by their Visa or Master Card agreement.
• Criminal and Defense: Perhaps one of the most difficult areas of the field, criminal specialists are in the tough position of accepting clients who often struggle to pull together the funds needed to mount an adequate defense after being accused of a crime. A discount merchant bank can help you help them by making it easier for your customers to pay via credit card.

Now that you're convinced that credit card processing is the way to go, here is a list of the items you'll need to get started on your merchant account application:

• Completed application and PCI compliancy documentation.
• Personal guaranty (required unless you can provide at least one year's worth of financial statements from your business).
• Voided check or bank letter including account routing and DDA numbers.
• Prior processing statements who have an existing account with a different bank.
• Documentation proving the office's location.

No matter what your specialty as a legal professional, you should be able to obtain the cheapest transaction rates for credit card processing. You will be handling your clients' cards in person and keeping records that include a signed receipt, making you an unlikely victim for chargebacks and qualifying you as a low risk to your merchant bank. Better still, we can help you to find an account that will simplify your accounting procedures and charge fees only when appropriate. Whether you have been practicing for years without accepting credit cards or you're just beginning your career in business for yourself, it's time to take a step into the future and apply for an account today!

Getting Started Steps