Merchant Accounts for Legal Services Businesses
SoarPay offers credit card processing solutions for legal services businesses.
Why We Proudly Offer Solutions for Legal Services Businesses
Businesses offering legal services can include anyone offering legal counsel, legal document preparation and filing, and other litigation or mediation services.
Sometimes businesses offering legal services can even be considered “high risk” and have trouble obtaining merchant services. This can be the case for three reasons:
- Some businesses offer legal services over the internet. Internet sales are often perceived as “high risk” within the merchant services industry because the card and cardholder are not present.
- Some businesses offering legal services can have a moderately high chargeback rate, due to customers who may be frustrated with a judgement not in their favor, misunderstandings over billable hours, and even fraudsters looking for free legal services.
- A few “bad apples” within this sector have given the industry a bit of a black eye (in the context of merchant services) by not providing proper legal advice or otherwise fraudulent activity.
Due to these three risks, many merchant services providers decline to accept many legal services business, whether they operate online, or even with a physical office location.
Soar Payments, by contrast, has consistently offered solutions for the legal services industry since our founding. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, in addition to our integration of chargeback and fraud prevention software, uniquely positions Soar Payments to provide retail (in person), or internet legal services businesses with stable, effective, long term credit card processing solutions.
Frequently Asked Questions
Here are common questions specific to legal service business merchant accounts:
What types of legal services businesses do you service?
Soar Payments offers merchant processing solutions for a wide range of retail (in office), online, and mobile-based businesses related to legal services. These include typical law offices, businesses offering various legal services online (such as document preparation, counsel, etc), and beyond.
I don’t have a license to practice law but want to offer legal counsel, can Soar Payments work with me?
If you are wanting a merchant account to charge clients for legal counsel, you must be in good standing with your state’s bar association and be licensed to practice law. If you are not licensed to practice law, we will not be able to get you approved for a merchant account offering legal services.
Do you accept legal service businesses processing transactions online or via “virtual terminal”?
Soar Payments partners with some of the best banks and processors in the merchant services industry to offer solutions for businesses offering legal services online. If your customers or clients would have their credit cards processed via virtual terminal that will not be an issue for approval.
Want more information? Click here to read our extended list of our FAQ.
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Types of Legal Services Merchant Accounts
Soar Payments offers a full-array of merchant accounts to online, brick-n-mortar, and other businesses offering legal services. These include:
A retail merchant account for legal services enables businesses to accept face-to-face debit and credit card payments via a traditional credit card machine or point of sale system.
Ideally suited to an office setting with reliable internet access, retail law service credit card processing accounts typically have the lowest chargeback and fraud risk and as a result are afforded the lowest credit card processing pricing.
A mobile merchant account for legal services enables your business to accept face-to-face credit and debit card payments via a swiper (included with each account) that plugs into your mobile phone or iPad.
Appropriate for legal businesses that frequently conduct face-to-face sales outside of a storefront, such as in-home visits, mobile accounts are priced similarly to retail, due to their lower chargeback risk.
Virtual Terminal Payments
Also called a payment gateway merchant account, a virtual terminal enables businesses to accept payments over the phone, via mail, or typed into a computer (without needing outside equipment). They also have invoicing solutions which allow the merchant to email an invoice to the customer, which they can pay online.
A legal services payment gateway account is ideal for businesses that accept payments over the phone, or via mail order. Virtual terminal payments are particularly vulnerable to fraud, therefore Soar Payments offers integrated chargeback protection.
An eCommerce legal services merchant account allows you to accept credit card payments via your website’s online shopping cart or checkout page.
Our eCommerce credit card processing accounts integrate seamlessly with most major payment gateways and shopping cart software, making setup simple. Online legal services payments are vulnerable to fraud and chargebacks, consequently, we offer pre-integrated fraud protection technology.
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