Ching, ching, ching…that’s the sound of money falling out of your pocket. Did you know that law firms who rely on Clio Payments to handle credit card transactions save money?
Collecting electronic payments is the norm for every industry except for legal—one of the problems facing most law firms trying to adopt this technology is the cost associated with this service. It’s important to do your research before choosing a provider as there is a significant difference in price across the industry when comparing transaction fees and monthly administration fees. While this might not seem significant, it adds up quickly!
For a single $10,000 invoice, Clio saves law firms close to $100 in processing fees, compared to other solutions. Processing fees using Clio Payments would be under $200. Other practice management software would charge your law firm $300 or more for the very same transaction. Apply that math to every bill your firm collects, and you’ll see that these charges are eating away at your firm’s bottom line.
Processing rates for Clio-enabled law firms start as low as 1.95% of the transaction. Other legal practice management solutions offer rates that are at least 50% higher. Non-legal payment solutions, like PayPal, can charge rates up to 80% higher.
Clio’s integrated credit card processing makes it easy for law firms to get paid. No other payment solution is easier to implement. Clio Payments’ industry-leading features offer:
- Integrated access to LawPay’s trusted credit card processing
- Compliance for trust accounts deposits
- No application and monthly administration fee
- The lowest processing rate of any payment solution offered to law firms
Better still, Clio Payments is cheaper than any other payment solutions offered to law firms. To explore more benefits and save in one swift switch today, please call 1-888-858-2546 Ext.1