Abacus Payment Exchange is a new payment processing service from AbacusNext. With Abacus Payment Exchange (APX) a law firm can accept all major credit cards, e-checks, and ACH payments through a secure online portal.
Law firms spend a lot of time dealing with invoicing and billing. They also spend a lot of time waiting to be paid. That is why a lot of firms use payment processors, which act as an intermediary between your firm and banks, manages your credit card authorizations and ACH transactions, and ensures PCI compliance to reduce credit card fraud. AbacusNext’s new payment processing solution, APX, gives AbacusLaw and Amicus Attorney users a simple platform to track time, generate an invoice, and get paid—all within the same day.
Many payment solutions have varying transaction fees and can even tack on additional processing fees. With APX, all transactions carry a flat 3.0% transaction fee, and there are never additional charges. APX also handles chargebacks and can process payments to trust accounts. The 3.0% transaction fee is only deducted from operating accounts to ensure that your trust account balances stay accurate and you stay ethically compliant.
APX will also provide your firm with statements detailing your credit card and ACH transactions. It employs 256-bit bank-grade encryption, so your data stays secure.
How to Get It
APX is currently integrated with AbacusLaw and available for AbacusLaw users. APX will be integrated and available to Amicus Attorney users next month. Click here to sign up.