Should Your Law Firm Accept Online Payments?

//Should Your Law Firm Accept Online Payments?

Gone are the days when online payments were something to fear. It’s time for your firm to embrace the efficiency of accepting payment online.

What are the benefits of online payments?

  • Quick, easy payments. Unlike checks through the mail, online payments arrive more or less immediately. The simplicity of e-payment options means that clients can pay their balance from simply anywhere they have Internet access.
  • Centralized record-keeping. When your firm begins using an online payment program, all payment-related records are automatically stored in one place. Your firm doesn’t have to fear misplacing a paper record or incorrectly recording a payment. What’s more, online payments make it easier than ever to track missing and late payments. If your firm has easy access to this information, it can more efficiently follow up with clients who have not paid their balances in full.
  • Simplified fee processing. To accept credit card payments, law firms must take care to account for all fees in accordance with the American Bar Association’s directions. Many electronic billing options streamline this process by automatically handling fees.

When implementing an online payments system, make sure your firm is familiar with applicable laws in the state or states in which you practice.

What programs serve law firms’ needs?

Follow the links to learn more about each of these potential payment options geared toward law firms.

  • LawCharge
    LawCharge simplifies the process of dealing with credit card fees while remaining in compliance with the ABA.

Has your firm experimented with other methods of accepting online payment? What have your experiences been?

Accepting online payments is one step toward building a tech-savvy law firm. Want to know what else your office can do? Click to read our 6 Steps to Better Document Management White Paper!

By |October 21st, 2014|

About the Author:

For years, Josh has helped lawyers become more organized, productive, and profitable. A trained litigator, Josh came to Smokeball from a large east-coast law firm where his practice focused on franchise, insurance, marine, and general litigation. His work with Smokeball, and his continued passion for what he does each day, is driven by a desire to help lawyers and their staff do better in every way. Knowing well the stress and strain put on today’s legal professional, he regularly focuses on improving work and life in the law. He has traveled the country working with and learning from lawyers and their staff. Josh speaks regularly to bar associations about successful law firm practices and other legal topics. Recent notable engagements have been with the Chicago Bar Association, the Illinois State Bar Association, and the Missouri Bar’s Solo and Small Firm Conference. In addition to his work at Smokeball, Josh serves on the Writing Resource Center staff at The John Marshall Law School. Besides legal technology, his research interests include judicial decision-making, jury decision-making and psychology, and legal writing. He has written and overseen research exploring causal effects of sex/gender on federal appellate court decision-making, and assisted with research for a forthcoming textbook on judicial decision-making. Additionally, Josh sits on the Board of Directors of Chicago-based Community Activism Law Alliance and on the Board of Directors of Chicago Fringe Opera Company. Josh holds his J.D., cum laude, from Washington University in St. Louis, where he served as a Senior Editor of the Wash. U. Law Review, held the prestigious Thompson Coburn Research Fellowship, served as Research Assistant to then-Vice-Dean (now Chancellor) Andrew D. Martin, and clerked at the U.S. District Court for the Eastern District of Missouri. He holds a B.A. in Political Science and a B.M. in Music Performance with Honors Scholar distinction from the University of Connecticut, making him a Huskies basketball fan through and through. Follow Josh’s activity on LinkedIn, and keep up with new articles on the Smokeball Blog.