LexCharge is credit card processing specifically for lawyers. It is integrated with law practice management software Rocket Matter, so users of that program will find LexCharge particularly useful.
Trust account payment processing. LexCharge is designed to allow you to accept trust account payments and remain IOLTA-compliant. When you receive a trust account payment from a client, the funds are deposited to your trust account, but the processing fees for the credit card payment come out of your operations account.
Fast funding. When you use LexCharge for credit card payment processing for trust accounts, LexCharge will fund your trust account within 12 hours.
Price-matching. LexCharge states they will beat the cost of any competitor payment processor. If you send them a statement from your current payment processor provider, they will explain how much money you could save by switching.
LexCharge doesn’t have flat-rate pricing. They state that there are more than 300 different rates based on which card your clients might present, including noting that your firm may be charged higher rates for reward and corporate credit cards by different payment processors. Across a month, they state your fees will range between 1.5% and 2.5% per transaction plus 20 to 30 cents per transaction, but that can vary based on your volume of processing.
|Starting Monthly Fee||Custom|
|Starting Processing Fee||Custom|
|Support||Phone or email|
|Accepts Major Credit Cards||✓|
|Trust Account Compliance||✓|
Things You Might Want to Know
Payment options: LexCharge allows you to conduct credit card payment processing, IOLTA Trust Accounting, and to set up payment plans and recurring billing.
Security. LexCharge is Payment Card Industry (PCI) compliant. The PCI Data Security Standard is the industry standard for credit card processing. They are also EuroPay, Mastercard, Visa (EMV) compliant. EMV has been a standard in Europe for years and has now been implemented in the United States. The standard deals with credit cards that have chip technology.
Apps and Integrations. LexCharge integrates with law practice management software Rocket Matter. Thanks to the integration between those two programs, lawyers that also use Rocket Matter can run their invoices, send them electronically to clients, and collect online payments, all within the two integrated programs.
Who LexCharge Is For
LexCharge is an obvious choice for lawyers that already use Rocket Matter. However, LexCharge is also a good choice for attorneys that are looking for a credit card payment processing solution that encompasses trust accounts and is lawyer-specific.