CARET Legal's payment processing system is specifically engineered for law firms, aiming to expedite client payments and enhance cashflow. It offers a simple, secure, and PCI-compliant online payment solution that allows clients to process credit card and ACH payments with ease. The system is designed to reduce accounts receivable, speed up payment cycles, and ensure compliance by keeping trust and operating accounts separate. Clients can expect quick access to funds, typically within two business days for credit card and e-check transactions. The PayNow link feature enables one-click payments, with a reported 75% of clients paying on the same day an invoice is received, significantly reducing payment times from weeks to days. The service boasts no monthly credit card processing fees, long-term contracts, or hidden charges, making it a cost-effective solution. Payments are secured through digital encryption, tokenization, and PCI compliance, and the system integrates seamlessly within the CARET Legal platform, eliminating the need for external reconciliation. Comprehensive reporting tools are also available to track payment activities. Additionally, the platform supports payment plans to further improve cashflow and client satisfaction, while also addressing the security risks associated with traditional check payments.

Features & Benefits

• Accelerated Payments: Enables clients to pay quickly via credit card or ACH, with funds accessible within two business days.
• Integrated & Secure Platform: PCI-compliant, offering secure payments with encryption and tokenization, directly within the CARET Legal application.
• Client Convenience: Features a one-click PayNow link for easy invoice payments, improving client experience and payment rates.
• Cost-Effective Solution: No monthly fees, long-term contracts, or hidden charges for credit card processing.
• Compliance & Reporting: Maintains separation of trust and operating accounts and provides comprehensive payment reporting.