{"id":10315,"date":"2023-10-18T17:47:05","date_gmt":"2023-10-18T16:47:05","guid":{"rendered":"https:\/\/www.clio.com\/uk\/?p=10315"},"modified":"2024-08-07T15:09:14","modified_gmt":"2024-08-07T14:09:14","slug":"accept-pay-by-bank-payments","status":"publish","type":"post","link":"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/","title":{"rendered":"Free Pay by Bank Payments: A Guide to Streamlined Payments for Law Firms"},"content":{"rendered":"<p>Prompt payment is vital for the success of <em>any<\/em> business, and streamlining the billing process for clients is key. Consider the advantages of integrating Clio&#8217;s Pay by Bank solution into your business&#8217;s payment options to enhance efficiency and client satisfaction.<\/p>\n<p>Pay by Bank is a secure electronic payment system that provides clients with a swift, convenient, and seamless payment experience, facilitating faster payments for your law firm. However, it&#8217;s crucial to fully understand your payment options before making a decision.<\/p>\n<p>In this section, we&#8217;ll cover the basics of Pay by Bank payments, including the primary benefits for businesses and clients, and how Clio simplifies the process for law firms. Notably, <strong>Pay by Bank payments are now free<\/strong>, with our pricing revamped from 0.5% to 0% per transaction.<\/p>\n<p>(<a href=\"https:\/\/www.clio.com\/uk\/schedule-a-demo\/\" target=\"_blank\" rel=\"noopener\">Schedule a demo<\/a> today for those eager to explore how Clio Manage and <a href=\"https:\/\/www.clio.com\/uk\/features\/payments\/\" target=\"_blank\" rel=\"noopener\">Clio Payments<\/a> can enhance your firm\u2019s efficiency and facilitate quicker payments.)<\/p>\n<h2>Understanding Pay by Bank<\/h2>\n<p>Clio&#8217;s Pay by Bank involves bank-to-bank transfers within the UK. There are two primary types of bank-to-bank transfers:<\/p>\n<ul>\n<li><strong>Direct Debit:<\/strong> Clients authorise a third party to withdraw funds directly from their bank account.<\/li>\n<li><strong>Direct Credit:<\/strong> Funds are deposited directly into a recipient\u2019s bank account, akin to a bank transfer.<\/li>\n<\/ul>\n<h2>Why Consider Offering Pay by Bank?<\/h2>\n<p>Introducing Pay by Bank can unlock several benefits for both businesses and customers. Here\u2019s why it\u2019s worth considering:<\/p>\n<h3>Quick and easy payments<\/h3>\n<p>When it comes to determining which types of payment options you want to offer your customers, convenience and speed are priorities.<\/p>\n<p>Think about traditional payment methods like physical cheques. Paying by cheque is a tedious process that requires the customer to fill out and mail a cheque manually. Even if your client pays promptly via cheque, it still takes time to mail, receive, and process it. There are plenty of opportunities for a cheque to get lost or require time-consuming manual error corrections.<\/p>\n<p>In comparison, Pay by Bank payments are easy for clients to send and for law firms to receive in just a few clicks. This straightforward process makes it easier for clients to pay you and makes it faster for you to receive payment.<\/p>\n<p>Note: Typically, Pay by Bank payments take 4-7 working days to clear.<\/p>\n<h3>Saving time\u2014while making money<\/h3>\n<p>The saying \u201ctime is money\u201d seems to find fresh meaning when we think of the opportunities for today\u2019s businesses when it comes to payment options.<\/p>\n<p><span style=\"font-weight: 400\">From a business perspective, the ease of Pay by Bank doesn\u2019t just make it easier for clients to pay you faster; when you spend less time chasing down or processing payments, you free up more time to focus on revenue-generating tasks. In this way, easier payments can do more than just bring in revenue more quickly\u2014it can also help support business growth.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Looking at the legal industry, Clio\u2019s <\/span><a href=\"https:\/\/www.clio.com\/uk\/guides\/2021-legal-trends-report\/\" target=\"_blank\" rel=\"noopener\"><i><span style=\"font-weight: 400\">2021 Legal Trends Report<\/span><\/i><\/a><span style=\"font-weight: 400\"> underpins this connection\u2014the report found that growing firms were 37% more likely to use online payments.<\/span><\/p>\n<h3>Giving clients the payment options they want<\/h3>\n<p>Today\u2019s customers, regardless of industry, expect convenience and flexibility when interacting with businesses. When it comes to payments, this convenience often means electronic payment options\u2014but not everyone likes or wants to pay via debit card or credit card.<\/p>\n<p>Accepting Pay by Bank gives clients more options to pay, which can enhance their overall experience with your business. The better the client experience, the better chances you have of repeat business, positive word of mouth, and referrals.<\/p>\n<h2>How Clio Payments Facilitates Pay by Bank Transactions for Law Firms<\/h2>\n\n\t\n\t\t\t\n\t\t\t\t\n\t\t\n\t\t\t\t\t\t\t\t\t\n\t\t\n\t\t\t\t\n\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\n\n<div\n\tclass=\"o-image l-image wp-image-10317 size-large aligncenter \"\n\t\tstyle=\"max-width: 46.875rem;  width: 1024px;\"\n\t\t>\n\t<div\n\t\tclass=\"o-image__wrap l-image__wrap js-lazy-image-wrapper\"\n\t\t\t\t\tstyle=\"padding-top:66.1328125%;\"\n\t\t\t>\n\t\t\t\t\t<noscript>\n\t\t\t\t<img\n\t\t\t\t\ttitle=\"Pen and pounds\"\n\t\t\t\t\talt=\"British&#x20;pound&#x20;bills&#x20;scattered&#x20;on&#x20;desk&#x20;with&#x20;billing&#x20;sheet\"\n\t\t\t\t\tsrc=\"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Photography_EMEA_UK_British-pound-bills-scattered-on-desk-with-billing-sheet-750x496.jpg\"\n\t\t\t\t\twidth=\"750\"\n\t\t\t\t\theight=\"496\"\n\t\t\t\t\/>\n\t\t\t<\/noscript>\n\t\t\t\t<picture>\n\t\t\t\t\t\t\t<source\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tsrcset=\"data:image\/gif;base64,R0lGODlhAQABAIAAAP\/\/\/wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==\"\n\t\t\t\t\t\t\tdata-srcset=\"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Photography_EMEA_UK_British-pound-bills-scattered-on-desk-with-billing-sheet-750x496.webp 1x, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Photography_EMEA_UK_British-pound-bills-scattered-on-desk-with-billing-sheet-1500x992.webp 2x\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\ttype=\"image\/webp\"\n\t\t\t\t\/>\n\t\t\t\t\t\t<img\n\t\t\t\ttitle=\"Pen and pounds\"\n\t\t\t\talt=\"British&#x20;pound&#x20;bills&#x20;scattered&#x20;on&#x20;desk&#x20;with&#x20;billing&#x20;sheet\"\n\t\t\t\twidth=\"750\"\n\t\t\t\theight=\"496\"\n\n\t\t\t\t\t\t\t\t\tloading=\"lazy\"\n\t\t\t\t\tdata-src=\"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Photography_EMEA_UK_British-pound-bills-scattered-on-desk-with-billing-sheet-750x496.jpg\"\n\t\t\t\t\tsrc=\"data:image\/gif;base64,R0lGODlhAQABAIAAAP\/\/\/wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==\"\n\t\t\t\t\tclass=\"is-lazy js-lazy-image\"\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tdata-srcset=\"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Photography_EMEA_UK_British-pound-bills-scattered-on-desk-with-billing-sheet-750x496.jpg 1x, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Photography_EMEA_UK_British-pound-bills-scattered-on-desk-with-billing-sheet-1500x992.jpg 2x\"\n\t\t\t\t\t\t\t\t\t\t\t\t\/>\n\t\t<\/picture>\n\t<\/div>\n\t\t\t<div class=\"o-image__caption\">mixture of pen, pounds and statement<\/div>\n\t<\/div>\n\n\t\t\t\n\n<p><a href=\"https:\/\/www.clio.com\/uk\/features\/payments\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Clio Payments<\/span><\/a><span style=\"font-weight: 400\"> simplifies the payment process. This allows law firms to offer multiple payment options including debit or credit card, Pay by Bank, and digital wallets such as Apple Pay and Google Pay. To learn more about payment options, visit our <a href=\"https:\/\/help.clio.com\/hc\/en-150\/articles\/12406718783131-Client-Payment-Actions\" target=\"_blank\" rel=\"noopener\">help centre<\/a>.\u00a0<\/span><\/p>\n<h3>Paying a Bill via Pay by Bank<\/h3>\n<p><a href=\"https:\/\/help.clio.com\/hc\/en-150\/articles\/12406718783131-Client-Payment-Actions\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Paying bills by Pay by Bank<\/span><\/a> <span style=\"font-weight: 400\">is simple for clients when law firms use Clio Payments within <a href=\"https:\/\/www.clio.com\/uk\/manage\/\" target=\"_blank\" rel=\"noopener\">Clio Manage<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Using Clio Payments, clients can securely access their funds directly from their bank account, through Clio\u2019s integration with Plaid\u2014a trusted service used to securely authenticate bank account information\u2014and transfer those funds to make an instant payment towards a bill, a payment plan, or a client account.<\/span><\/p>\n<h3>Receiving Pay by Bank Payments<\/h3>\n<p>The process of accepting a Pay by Bank payment for a bill via Clio Payments is straightforward:<\/p>\n<ul>\n<li>Once your law firm has set up Clio Payments, you can accept Pay by Bank from clients. Do this by either sharing a <a href=\"https:\/\/www.clio.com\/uk\/features\/legal-billing\/\">bill electronically<\/a> or having your client process their payment through your secure payment link.<\/li>\n<li>When you share a bill electronically through Clio via email, your client will receive a secure payment link. In the secure payment screen, your client can select \u201cPay by Bank\u201d as their payment method.<\/li>\n<li>Once your client enters and verifies their bank account details, depending on who they bank with, they will then see their bank account balances. This helps reduce the risk of incurring Not Sufficient Funds (NSF) fees due to insufficient funds when making their payment.<\/li>\n<li>Finally, your client can then confirm their payment amount and complete the transaction.<\/li>\n<\/ul>\n<p>When the payment is complete, your client will also be able to securely save their details for future use. This will allow you to process future payments on their behalf. Clients can save or edit their preferred payment methods in Clio Manage at any time (even if there isn\u2019t a bill being paid) for added flexibility. (Note: This will only give you the ability to process future payments through the Plaid integration on your client\u2019s behalf. You, Clio, or anyone else will not have access to your client\u2019s bank account details.)<\/p>\n<p>Whenever a Pay by Bank payment is processed in Clio, your client will receive an email confirmation with the details.<\/p>\n<h3>Creating a payment plan<\/h3>\n<p><span style=\"font-weight: 400\">If your law firm offers <a href=\"https:\/\/www.clio.com\/uk\/blog\/law-firm-payment-plans\/\" target=\"_blank\" rel=\"noopener\">payment plans<\/a> to clients, Pay by Bank can provide even more flexibility and convenience for clients. Customers in the UK using Clio Payments can accept Pay by Banks Payments using a <\/span><a href=\"https:\/\/help.clio.com\/hc\/en-150\/articles\/9285735777819-Payment-Plans\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">payment plan<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<h2>Conclusions on Pay by Bank<\/h2>\n<p>No matter how excellent your work is, if you aren\u2019t getting paid promptly, your bottom line will suffer. It\u2019s important to make it easy and convenient for your customers to pay you for your services. Accepting Pay by Bank payments can help your business get paid faster, while also giving your customers a better payment experience.<\/p>\n<p><span style=\"font-weight: 400\">Simple and straightforward electronic payment options like Pay by Bank give clients the ability to pay via bank transfer. Receiving Pay by Bank payments benefits clients by saving them time and making it easy to pay. This also helps businesses get paid faster and with low processing fees.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">For law firms using <\/span><a href=\"https:\/\/www.clio.com\/uk\/features\/payments\/\"><span style=\"font-weight: 400\">Clio Payments<\/span><\/a><span style=\"font-weight: 400\">, accepting Pay by Bank is just one of the convenient online payment options that can be offered to clients (along with online debit and credit card payments, Apple Pay and Google Pay), which means that they can offer a better client experience.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Accepting Pay by Bank through Clio Payments is also cost-effective, which is especially important for small law firms.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accepting Pay by Bank payments is free and can help your law firm get paid faster and provide clients with an easy way to pay. Learn more.<\/p>\n","protected":false},"author":31,"featured_media":10316,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[],"coauthors":[58],"class_list":["post-10315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","content_category-firm-performance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v24.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Free Pay by Bank: Streamlining Law Firm Payments | Clio UK<\/title>\n<meta name=\"description\" content=\"Accepting Pay by Bank payments is free and can help your law firm get paid faster and provide clients with an easy way to pay. Learn more.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Free Pay by Bank Payments: A Guide to Streamlined Payments for Law Firms\" \/>\n<meta property=\"og:description\" content=\"Accepting Pay by Bank payments is free and can help your law firm get paid faster and provide clients with an easy way to pay. Learn more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/\" \/>\n<meta property=\"og:site_name\" content=\"Clio UK\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-18T16:47:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-07T14:09:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Blog-ACH-Payments.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sharon Miki\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sharon Miki\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Free Pay by Bank: Streamlining Law Firm Payments | Clio UK","description":"Accepting Pay by Bank payments is free and can help your law firm get paid faster and provide clients with an easy way to pay. Learn more.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/","og_locale":"en_GB","og_type":"article","og_title":"Free Pay by Bank Payments: A Guide to Streamlined Payments for Law Firms","og_description":"Accepting Pay by Bank payments is free and can help your law firm get paid faster and provide clients with an easy way to pay. Learn more.","og_url":"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/","og_site_name":"Clio UK","article_published_time":"2023-10-18T16:47:05+00:00","article_modified_time":"2024-08-07T14:09:14+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Blog-ACH-Payments.png","type":"image\/png"}],"author":"Sharon Miki","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Sharon Miki","Estimated reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/","url":"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/","name":"Free Pay by Bank: Streamlining Law Firm Payments | Clio UK","isPartOf":{"@id":"https:\/\/www.clio.com\/uk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/#primaryimage"},"image":{"@id":"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/#primaryimage"},"thumbnailUrl":"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Blog-ACH-Payments.png","datePublished":"2023-10-18T16:47:05+00:00","dateModified":"2024-08-07T14:09:14+00:00","author":{"@id":"https:\/\/www.clio.com\/uk\/#\/schema\/person\/a5479d21e6bab1184463bb30e0b39b98"},"description":"Accepting Pay by Bank payments is free and can help your law firm get paid faster and provide clients with an easy way to pay. Learn more.","breadcrumb":{"@id":"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/#primaryimage","url":"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Blog-ACH-Payments.png","contentUrl":"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/10\/Blog-ACH-Payments.png","width":1920,"height":1080,"caption":"hand giving money out of a computer to represent ACH payments"},{"@type":"BreadcrumbList","@id":"https:\/\/www.clio.com\/uk\/blog\/accept-pay-by-bank-payments\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.clio.com\/uk\/"},{"@type":"ListItem","position":2,"name":"Free Pay by Bank Payments: A Guide to Streamlined Payments for Law Firms"}]},{"@type":"WebSite","@id":"https:\/\/www.clio.com\/uk\/#website","url":"https:\/\/www.clio.com\/uk\/","name":"Clio UK","description":"Your trusted resource for the latest ideas on running a more efficient, profitable law firm.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.clio.com\/uk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.clio.com\/uk\/#\/schema\/person\/a5479d21e6bab1184463bb30e0b39b98","name":"Katrina Guyduy","url":"https:\/\/www.clio.com\/uk\/blog\/author\/katrinaguyduy\/"}]}},"_links":{"self":[{"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/posts\/10315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/comments?post=10315"}],"version-history":[{"count":0,"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/posts\/10315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/media\/10316"}],"wp:attachment":[{"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/media?parent=10315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/categories?post=10315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/tags?post=10315"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.clio.com\/uk\/wp-json\/wp\/v2\/coauthors?post=10315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}