Document Preparation

April 27, 2021

Law Firms focusing on document preparation are set to face many challenges throughout their business ventures. Prime clientele come from divorce and bankruptcy, which are both sensitive topics when it comes to being approved for payment processing. High dollar amounts will be moving, clients are not present during the transactions, and as a service-based business you run the risk of clients claiming the end result did not reach their expectations when things don’t go their way. The regulations are constantly changing, and you need to be prepared in order to keep your clients money moving smoothly with no delays.

The risk involved in this field are outside the typical processors realm of comfort. High dollar transactions can lead to high chargeback costs. The industry as a whole does not fit the guidelines of a business the banks prefer to partner with. Your application may go one to six weeks without a response, just to end up being denied and you’ll need to seek out a new payment processor.

Don’t let potential business slip away as you jump through hoops to get approved. High Risk Payment Pros make it simple for Law Firms who specialize in the high risk fields.