Lex/Actum is a credit card payment processing solution just for law firms. You can accept online, mobile, in-person, and phone payments, and Lex/Actum can separate payments into operating and trust accounts.

Highlights

Monthly flat-rate pricing. Lex/Actum has a slightly different pricing scheme from most payment processors. Rather than a percentage per transaction (typically anywhere from 2% to 3.5% of each transaction) and an additional per-transaction fee (usually around 15-30 cents), Lex/Actum forgoes the former in favor of a flat monthly fee. That fee is based on how much transaction volume your firm processes each month.

Trust account separation. Lex/Actum will automatically separate credit card payments into operating and trust accounts. All credit card processing fees are deducted from the operating account so that your firm can remain trust account compliant.

Real-time data. You can see real-time updates of all payment activity. Lex/Actum’s reporting features allow you to see your transactions, batches, deposits, and monthly statements around the clock.

Pricing

Lex/Actum bases its prices on the volume of transactions processed each month. All pricing tiers include the ability to separate transactions

  • $29/month for processing volume up to $10,000 per month and an additional 25 cents per transaction. E-checks cost $2.00/transaction at this tier.
  • $49/month for processing volume up to $40,000 per month and an additional 10 cents per transaction. E-checks cost $1.50/transaction at this tier.
  • $69/month for processing volume up to $60,000 per month and an additional 10 cents per transaction. E-checks cost $1.50/transaction at this tier.
  • $99/month for unlimited processing volume and an additional 10 cents per transaction. E-checks cost $1.50/transaction at this tier.

Features

Image of Lexactum Laptop and Mobile Screenshot View

 LexActum
Websitelexactum.com
Starting Monthly Fee$29.00
Starting Processing Fee$0.25
Free TrialNo
Apps
InstallationWeb
IntegrationsNo
Support24 hours via phone and online
Features
Accept Payments
Accept Payments via Website
Recurring Payment
Send Invoices
Request Payments
Accepts Major Credit Cards
eCheck/ACH Deposits
International Transactons
Issue Refunds
Analytics
Fraud Protection
Trust Account Compliance

Things You Might Want to Know

Security. Lex/Actum states that it is Payment Card Industry (PCI) compliant. PCI standards apply to the credit card industry.

Apps and Integrations. Lex/Actum doesn’t integrate with any other software, which means you will have to transfer data out of the program if needed manually. It doesn’t have iOS or Android apps.

Who Lex/Actum Is For

Because Lex/Actum allows you to separate your credit card payments into operating and trust accounts, it is a good choice for law firms generally. Firms that want more predictable monthly costs will appreciate the semi-flat rate pricing structure. However, the lack of integrations and mobile apps may prove limiting to some firms.

Lex/Actum Rating:
3.7/5

Features

  • 6/10
    Customer Experience & Support - 6/10
  • 8/10
    Pricing & Value - 8/10
  • 9.5/10
    Security - 9.5/10
  • 6/10
    Innovation & Future-Proofing - 6/10
Comments Rating 0 (0 reviews)

Our Rating: 3.7/5

Our rating is based on our subjective judgment. Use our resources—including our rating and community ratings and reviews—to find the best fit for your firm.

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