Law practice management software maker MerusCase has released MerusPay, an all-in-one payments platform, letting customers process payments without third-party applications.
“We’ve seen time and time again the tremendous impact that a native payment processor can have on the productivity and cash flow of a law firm,” Mayowa Oyebadejo, vice president of marketing at MerusCase, said in a news release Tuesday (Aug. 23).
“We know that law firms that use online payments get paid up to 70% faster, and have significantly better collection rates than firms who don’t utilize online payments.”
MerusCase customers can activate MerusPay for free and give clients the ability to pay via credit card, debit card, ACH, or eCheck at any time and from any place. The company says MerusPay is compliant with IOLTA, the American Bar Association, and all state bar association guidelines for accepting online payments.
Founded in 2008, MerusCase’s software is designed for workers’ compensation, employment and labor, and insurance defense firms, offering solutions for case management, document automation, time tracking, billing, calendar and email.
MerusPay is the fourth payments platform from its parent company, Paradigm. Last month, the company launched LollyPayments for the immigration lawyer-focused cloud-based practice management solution LollyLaw.
“From working with tens of thousands of law firms across Paradigm, we know the tremendous boost a native payment processor can have on a firm’s productivity and bottom line,” Paradigm CFO and CRO Colin Li said. “This is especially true for immigration practices, which require a wide range of collection options and languages.”
LollyPayments offers what Paradigm has called the fastest payment turnaround time in the industry, with firms getting funds 70% quicker on average. It comes with a range of payment options, including scheduled payment plans, payments via SMS, payments through QR Code and payment client portals that can be translated to more than 10 languages.
PARTNER WITH PYMNTS