It is much more convenient to pay a bill online than writing out a check and posting it in the mail. When you can pay off a big amount just by pressing a few buttons, who wants to be coddled under the cumbersome process of writing a check? And this behavioural pattern of consumers is not limited to the grocery shopping anymore; it is well implied in the business world out there; including the law firms.

We are sure you have a lot to do, but you need to be able to allocate resources wisely.

The Top 3 Tips to Help You

Let’s admit the truth — clients tick out more payment checks to the law firms than they ever do to their own wives! A merchant account will not only ease their process, but it will also help you get payments easily and quickly. And if you are still not convinced about getting a merchant account for your law firm anytime soon, we have a list of reasons.It’s why you need to look at alternate solutions like the ability to pay by text solutions.

1. Time-saving process

A merchant account is a time-saving process. To run a big law firm, you can save lots of time if you can just automate the bill work. Also, it automates the AR tracking process by keeping track of the status of all outstanding invoices on your behalf. It automates the collection process and eases out the email reminders as well. And with this extra time, you can concentrate more on the marketing feature of the firm.

2. Turn the sunk cost into a profit margin

Every law firm has a team of staffs just to control and manage their payments, checks and bills department. Most of the firms see this team of staffs as their sunk cost. But with the help of a merchant account, anyone can turn this sunk cost into a big profit as the online payment works can be easily done by the current team of staffs that you have. All you have to do is to introduce some changes to your current team, and you can eliminate the whole bunch of sunk costs.

3. Faster payment and happy clients

No client loves to bear the process of a cumbersome payment process, do they? A merchant account can ease out everything on the part of the clients. Also, this benefits the law firm on the counterpart as well. Merchant account makes the whole payment process a lot easier, and it increases the cash flow of the firm as well. The more hours you save on getting the billing process done, the more revenue checks-in your pocket at the end of the month.

Merchant account for the law firms is the new future. The more quickly you fit into the picture, the more revenue will help your overall development of the law firm. Be online!

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