Can my law firm charge our clients for credit card processing fees?

CosmoLex Team

The ability to take credit card payments is a major need for law firms. 80% of consumers prefer using cards over other forms of payment and more than half of all credit cardholders use their cards for daily expenses. That’s a lot of credit card users. Credit cards are convenient but they do come with downsides for the payee. The … Read More

How should our firm pay credit card merchant fees?

CosmoLex Team

When accepting credit card payments from clients, fees should be paid out of the firm’s operating account and never from the client trust account or taken out of funds being deposited into a trust account. Traditional merchants pull the processing fees from the account the funds were deposited to. If your firm will be accepting retainer payments where the funds … Read More