cramerjohn004
103 posts
Nov 05, 2022
1:11 PM
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If you have concluded, as we believe you should, that your law firm should take credit digital payment agent and debit cards, you still must choose which kind of processing you would need. There are two general types of processing available in the market; we will refer to these as "conventional" or "standard" processing and "flat-rate" processing. This distinction is really historic more than anything else. Variations of standard processing have long been available (although they are constantly improving). Flat-rate processing is more of a recent innovation and was primarily designed for very small or occasional businesses, although it is often marketed (wrongly, in our opinion) to other businesses.
Particularly within the standard processing option there are meaningful distinctions between the providers and plans, but it is not particularly difficult or time-consuming to understand what you need to understand in order to find the right processing from these options. We recommend that law firms use the "conventional" or "standard" processing and would regard using the flat-rate services, in general, as a mistake.
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