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AbacusLaw is the only time, billing and accounting software for law firms that seamlessly integrates with X-Charge payment processing to quickly and easily collect credit card payments from your clients.
Firms that accept credit card payments experience the following benefits:
If you consult the cross-default or cross-collateralization provisions found in the terms and conditions of your merchant account agreement you’ll see that they’ve secured your obligations to all your accounts. So in the event of a breach of any of those obligations, such as a late payment for a line of credit, they have the right to transfer funds from existing accounts to fund the monies then owned – without any notice!
If that transfer happens to come from your credit card trust account, you have unknowingly violated your ethical obligations established by your State Bar. Moreover, you are responsible for the wrongful and unlawful invasion of your trust account by the bank. You may be subject to review and possible disciplinary action.
Requirements for law firm trust accounts vary by state. Abacus and X-Charge have you covered.
"Credit Card Integration" is part of the AbacusLaw line of products, developed by Abacus Data Systems, Inc..