Save money by shifting credit card fees

Description

Abstract: The acceptance of digital forms of payment, including credit cards, has become ubiquitous across industries. But some law firms have yet to get on board — even though electronic payments often improve collections. The hesitation usually is due to a resistance to shouldering the processing costs. This article examines how in many states, law firms can have the best of both worlds — higher collections and minimal processing costs — by putting the responsibility for the fees on clients.