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Card Payment Processing

Finally, A Turn-Key Solution for Canadian Law Firms!

Built-In Credit Card Processing

Credit card payments are a win-win for your law firm & your clients. You want faster payments. Your clients like the convenience of paying legal fees by credit card. In the past, accounting for credit card funds was always problematic. (View our ‘Challenges of Accepting Credit Cards’ video.)

CosmoLex makes it easy for you to accept credit card payments online. With “CosmoPay” end-to-end credit card processing, trust retainer payments, online invoice payments, and daily reconciliations of received funds all become a breeze. CosmoPay is powered by LawPay®, the most-recognized credit card processing service for lawyers. (And we’ll even cover the $20 LawPay monthly fee — forever!) [1]

Retainer & Bill Payments by Credit Card

CosmoLex turns card acceptance from an error-prone, time-intensive task into an automated, accurate, and cost-effective process. With CosmoLex’s integrated credit card processing, your clients can pay by credit card (online or by phone) for trust retainers, fee prepayments, ongoing invoice payments, and more. Canadian law firms are often wary of accepting trust funds via credit card. CosmoPay has built-in protections to keep your regular fee payments separate from trust fund collections — and it’s all Law Society compliant.

End-to-End Credit Card Accounting

Law firms also face real challenges after the card has been approved & charged. Credit card payments need special bookkeeping procedures to manage where funds are deposited, how they are recognized, how to handle refunds, and more. CosmoLex solves all of these concerns by combining legal billing & law firm accounting in one system.

  • As payments get deposited to your bank account, you immediately know which invoices were paid by credit card — because your billing & accounting is all within CosmoLex.
  • Merchant deposit funds are always batched — multiple client payments of the day are pooled into a single bank deposit. (This is a daily bookkeeping headache if you run separate credit card processing system.) In CosmoLex, you simply make a batch (deposit slip) and reconcile with received funds. A simple, one-click process eliminates all the worries!
  • You can even process refunds within CosmoLex. Thanks to CosmoLex’s integrated billing & accounting, you eliminate fudging with multiple systems — and always know the current status of each & every invoice.

[1] For new LawPay customers only. The monthly fee is paid by CosmoLex only for active LawPay users (defined as processing at least one credit card transaction within CosmoLex each month).