How to Make Taking Retainer Payments Easy

successful law firm growth
With a more simple, secure, and efficient way to accept retainer payments, your firm can improve its cash flow and financial stability, and your attorneys can be guaranteed payment for services up front.

CARET Legal now makes taking retainer payments easier than ever with retainer payment links. This feature increases your firm’s cashflow by simplifying client payment interactions and getting you paid faster, and it saves the firm time with a more simple and more secure billing process. 

retainer payments

Increase Cash Flow with Simplified Payment Interactions

With a more simple, secure, and efficient way to accept retainer payments, your firm can improve its cash flow and financial stability, and your attorneys can be guaranteed payment for services upfront; receiving an initial trust payment to secure future services.

Clients can pay you faster

Retainer payment links enable customers to pay you faster with multiple ways to process their payments online. Clients no longer need to write paper checks and either put those checks in the mail or bring them to your office. Plus, clients have the option to select a favorite payment method and save it as the default for future transactions — helping them avoid any input errors of their own.

You can collect payments easier

This feature update also enables faster retainer payment collection. It allows you to send payment links out in multiple ways; through an email with PayNow or through a payment request in our customer portal, Caseway. And it now integrates with our payments solution APX; making collections more efficient and allowing processing without any additional invoices, record keeping, or data entry. Then, once a payment is made, you can access your funds more quickly — within 2 business days.

Retainer payment links ensure accurate billing by preventing common errors and reducing the need for time-consuming corrections.

Streamlined, Secure, and Accurate Billing

Not only do retainer payment links provide a convenient way for firms and clients to accept and make retainer payments, they are also secure and compliant with industry standards, ensuring client data is protected and associated with the correct account.

Accurate, secure billing

Fully integrated with CARET Legal (the first legal practice management platform to achieve SOC 2 compliance), retainer payment links are extremely secure. They also ensure accurate billing by preventing common errors and reducing the need for time-consuming corrections. 

Intelligent routing

In addition to secure billing, users can easily make sure funds are sent to the correct accounts. Attorneys can easily select the trust and/or operating account the funds should be applied to when paid, and payments are automatically routed there. And, our system efficiently tracks retainer balances and ensures clients maintain adequate funds in their accounts — lowering the risk of potential payment disputes.

To see retainer payment links and other payment processing features in action, schedule a demo with one of our dedicated practice advisors or start a free trial

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