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The payments page shows all payments activity.įrom this page, the firm can see all payments made, who made them and by what method, the processing status of the payment, the bank account into which it was deposited, and any processing fees charged.įor firms that formerly used third-party payment processors, issuing a payment refund would have required a visit to the processors’ website. Users can separately view operating or trust payments alone, or any one client’s payments alone, but this overview page displays the most information. Once a firm activates the payments feature, all payments information is consolidated on a single overview page, including for both operating and trust accounts. The application has just three steps and can be completed in minutes for most firms, Schaaf said. Last week, I was given a preview of Bill4Time payments by Sarah Schaaf, Headnote cofounder and now general manager of payments at Paradigm David Silberberg, product manager and Kristin O’Neill, vice president of customer success.īefore using Bill4Time Payments, a firm must complete a brief application to activate the feature.

In addition, Bill4Time says that its e-payments technology is fully compliant with Payment Card Industry (PCI) data security standards and with the trust accounting rules in all 50 states. Users should also benefit from having customer support consolidated under a single vendor. It is also more convenient, eliminating the need to jump from the practice management platform to the payments platform and back again to perform simple functions. While Bill4Time’s users previously had the option of accepting e-payments through third-party payment processers, the integrated Bill4Time Payments provides them with more features and greater functionality, including at-a-glance reporting of all charges and payments. (Paradigm’s portfolio of companies also includes MerusCase.) After the acquisition, another practice management product in the Paradigm portfolio, PracticePanther, launched a native e-payments feature, PantherPayments, also based on the Headnote technology. Based on Headnoteīill4Time Payments is based on the e-payments platform Headnote, which was designed specifically for lawyers and law firms to be compliant with trust-accounting and data-security requirements.īill4Time’s parent company, Paradigm, acquired Headnote last September. In addition, in conjunction with the launch, Bill4Time is offering customers who sign up for e-payments a $150 cash-back bonus.

Plus, law firms that accept e-payments get paid faster and increase their collections, studies suggest.Īgainst this backdrop, the practice management platform Bill4Time is today unveiling built-in electronic payments, enabling a law firm’s clients to view invoices online and make full or partial payments electronically using credit cards or electronic checks.īill4Time Payments is available to all Bill4Time subscribers at no extra cost, except for individual payment processing fees, which Bill4Time says are the lowest in the industry.

Clients who now pay everything else online have no appetite for lawyers who require paper payments.

The pandemic has made it more essential than ever before for law firms to accept electronic payments.

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