Electronic Check Processing Solutions for Attorneys

Aug 27, 2015

Individuals in the law profession often have access to new information and technologies before other professions. Still many law firms handle and process paper checks when technologies like mobile payments have become common place. According to a recent IDC report, by 2017, 1.5 billion smartphones will be in use on the planet. In fact by 2017 mobile users will be spending over $90 billion using mobile payments. So where does this leave paper checks in the new electronic world?

Attorneys must consider this trend in their daily interactions, since they have become accustomed to using paper checks. Attorneys have specific needs in their final transactions, like the ability to separate their client’s payments into various trust and operating accounts. Because of this, many progressive law offices have turned to merchant services for assistance.

eMerchantBroker is one of these merchants. Voted the best high risk provider, it now offers iCheck services. This is a revolutionary way to accept check-based payments. iCheck allows for faster funding on a wider variety of checks. Plus all types of checks can be processed without the consumer being present. These checks include: money orders, government, travelers, personal checks, business, cashier’s certified.

iCheck comes with many convenient and time saving features like:

  • App feature that lets users take photos of checks for payment
  • The check-by-phone service also allows merchants to process checks over the phone. EMB also offers paper guarantee; this means a law firm will still have the ability to accept and process paper checks without any risks.
  • Law firms can add pay now buttons to their websites, and email invoicing to speed up payments and digital signatures.

The power of iCheck is that it gives attorneys a faster way to deposit their funds. And now EMB offers paper guarantee; this means a law firms can process paper checks without risk. eMerchantbroker.com is the leading online lender that also provides check processing for attorneys. Don’t miss out on this profitable payment processing method.

Let us help you get a high risk merchant account today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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