Billing Software - Credit Card Processing
Most Americans prefer to use credit cards to pay their daily personal and business expenses. They use them to buy office furniture, to take clients to lunch, to buy groceries, even to pay their dentist. It only makes sense that this method of payment be available from their attorney too.
- Save money with low, negotiated processing fees for Tabs3 users
- Offer your clients the convenience of paying with credit cards
- Get paid faster
- Reduce write offs
- Spend less time collecting past due billings
- Save time with Tabs3 integration
You can increase revenue if you accept credit cards, because they are so convenient. You may find clients willing to pay with a credit card on their way out of your office, and you will certainly receive credit card payments over the phone. The easier it is to pay, the faster you get paid, the fewer collections calls you need to make, the easier it is to collect on outstanding invoices and the fewer write offs you will have. This is especially true in a down economy, where collection risk increases.
Here is a typical collections call when a law firm can process a credit card payment:
“Mr. Jones, I am calling about your $1,200 outstanding invoice.”
“Hmm, I don’t think I received that past due notice, can you mail me another reminder?”
“Certainly. I can also take your payment over the phone right now if you have a credit card.”
If you are going to accept credit cards, there is no better way than with Tabs3 Credit Card Authorization. We have negotiated special, low rates for Tabs3 users. For example, you can receive discount rates as low as 1.42% for transactions where you swipe a card, and as low as 1.93% for transactions where you type in the card information. Other fees do apply. We give you the ability to accept all major credit cards including Visa®, MasterCard®, Discover®, American Express®, and Diners Club®.
While accepting credit cards provides convenience to your clients, we provide a time-saving convenience to you by integrating credit card authorization directly into Tabs3. If you use Tabs3 Trust Accounting Software, you can also process trust deposits via credit card. This integration will save you time and will reduce the potential for errors because all credit card transactions can be entered and reported in one location – Tabs3. You won’t need to reenter credit card payments that you process some other way.
To authorize a credit card payment, you need to have a merchant account - a bank account that enables your firm to receive cash from credit card transactions. We are working with TSYS Merchant SolutionsSM (formerly First National Merchant Solutions®), to bring merchant accounts directly into Tabs3. They have also agreed to give Tabs3 users special, low processing fees, so be sure to mention that you will integrate your merchant account with Tabs3 when you contact them. When a credit card payment is entered into Tabs3, the transaction information is automatically sent to TSYS Merchant Solutions for processing. The funds are automatically deposited to any bank account that you choose, which means that there is no need to change your existing overall banking relationships.
We chose to work with TSYS Merchant Solutions because they are a top 10 payment processor in the United States, with over 50 years of credit card experience. Our relationship with TSYS Merchant Solutions ensures that all transaction information, for both firm and client, remains safe and secure. Like Tabs3, TSYS Merchant Solutions has an outstanding local support team (not outsourced), so you can call them with any questions you may have about your merchant account.
Your clients will appreciate the convenience of being able to pay by credit card, and you will love the hassle-free processing in Tabs3, the increased revenue, fewer write offs and fewer collection calls. The first step to setting up credit card authorization in Tabs3 is to contact TSYS Merchant Solutions to open your merchant account. To apply and receive a specific quote for your firm:
Call: (800) 354-3988
Note: Make sure to identify yourself as a Tabs3 user to receive the low, negotiated rates.