Bad Credit Merchant Account: Legal Profession, Retainers, And Credit Card Processing
Are you in the legal profession? If so, you know the importance of working on a retainer based system. If you have been searching for a method to make your payment collections more efficient, a credit card processing system through a bad credit merchant account may be the solution for your business needs. By accepting credit card payments on behalf of your clients, you will not only simplify their lives, but you will also have an easier time with your business’s cash flow.
Bad Credit Merchant Account Maximizes Retainer Payments
The best part of working on a retainer basis is that you know exactly how much money you can expect each and every month. However, you are currently being paid by cash or check, then you are missing out on having a system that is truly optimized for maximum efficiency. Here is the typical retainer based payment process for a law practice:
- Send out invoices for your clients.
- Await for invoices to reach your clients and for them to send their check payments.
- Deposit the checks at your business’s bank.
- Wait for checks to clear and deal with non-sufficient fees if any.
Bad Credit Merchant Account Let You Set Up Recurring Credit Card Charges
With a bad credit merchant account credit card processing system in place, it is simple to setup recurring charges for your retainer payments. Instead of dealing with the hassle that comes with checks, you can have your client’s automatically billed, charged, and have the funds automatically deposited into your business banking account.
Interested in learning more about how a credit card processing system can make your law practice run more efficiently? Visit us at Noble Pay to discover more today and learn more about a bad credit merchant account.