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Thank you for visiting the Family Law Lawyer Tech & Practice blog. My name is John Harding. I am a family law lawyer practicing in Northern California. Long ago I realized that I could practice law more effectively and more efficiently (i.e., better and easier) by availing myself of the technological tools that are out there. I also learned that a successful law practice requires successful marketing. Hardware and software working together make me a better lawyer, and make my life easier. Marketing helps to bring in the business necessary for professional survival. By this blog I hope to share the tips, tricks, and technology that I have learned about so that others may benefit!

Tuesday, March 7, 2017

Tips For Accepting Credit Cards In Your Practice

Accepting credit card payments from clients can be a huge benefit to your bottom line. However, there is a learning curve. When you accept payments your processor is going to collect a fee, and depending on who you are using that fee can be quite expensive. To help you understand better I direct your attention to a post from the ABA's Law Technology Section.
Accepting credit cards—namely Visa, MasterCard, Discover, and American Express—  helps a company in many ways. However, it is important to avoid the pitfalls associated with taking a credit card for payment. Just like we need to maintain our health by exercising regularly, law firms must exercise their financial acumen when analyzing whether or not they have the best credit card program for their practice. . . 
Credit card fees are confusing. Visa, MasterCard, Discover, and American Express maintain different rate structures depending on the type of card and on how a transaction is processed. The associations that manage the interchange fees present rates in different forms such as qualified, mid-qualified, and non-qualified. Credit card companies also have other fees such as batch fees, debit fees, annual fees, voice verification fees, and address confirmation fees.  I think you understand the point: This can get really tricky and confusing!
This article goes a long way to resolving the confusion. If you are accepting credit cards, you need to understand what it is costing you. If you are considering credit card payments you need to know what to expect. Click here to read the entire article, with answers to these questions.

Please visit hardinglaw.com for more information about Harding & Associates Family Law 

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1 comment:

logancardif said...

Thanks for providing great tips for accepting credits cardspayments from clients. Also it is a great benefit and helpful for clients. Keep it up!

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