Payment Processing for Professional Services
Law firms, accounting practices, consulting firms, and other professional services handle large, often irregular payments. Your processing should reflect that.
What Professional Services Businesses Are Dealing With
Common payment processing challenges we see in your industry — and fix.
High percentage fees on large invoices
When clients pay $10,000+ invoices by card, a 3% fee means $300+ per transaction. At scale, this significantly impacts profitability.
Card-not-present rate premiums
Professional services often process payments remotely via email invoices or virtual terminals, triggering higher card-not-present interchange rates.
Irregular transaction volumes
Project-based billing means volume fluctuates. Processors with monthly minimums penalize you during slower periods.
No invoice integration
Sending a separate payment link for every invoice creates friction for clients and adds administrative work for your team.
How Liberty Bancard Solves Them
Practical solutions built around how professional services businesses actually operate.
Optimized pricing for high-value transactions
Interchange-plus pricing is most beneficial on larger transactions. We structure your pricing to maximize savings on your typical invoice sizes.
Virtual terminal and payment links
Send secure payment links via email so clients can pay invoices directly. Clean, professional payment experience for your clients.
Recurring billing capability
Set up retainer payments and recurring billing with secure card-on-file storage and automated charging.
Flexible terms for variable volume
We structure your account to accommodate volume fluctuations without penalizing you during slower months.
Detailed transaction reporting
Match payments to client accounts and invoices with clear, downloadable reporting for your bookkeeping.
By the Numbers
3.2%
Average effective rate we find on professional services statements
$5,500
Average annual savings identified per firm
60%
Of costs often from card-not-present premiums
Frequently Asked Questions
Can clients pay invoices by credit card online?
Yes. We provide secure payment links that you can include in email invoices. Clients click, enter their card information on a secure page, and payment is processed and deposited to your account.
How do I handle retainer payments?
We set up recurring billing with secure card-on-file tokenization. You define the amount and schedule, and payments are automatically processed and reported.
Are there compliance considerations for law firms?
We're aware of trust account considerations. Payment processing goes through your designated business account. We recommend consulting with your state bar for specific trust account handling requirements.
What about Level II and Level III processing?
For B2B transactions, proper Level II/III data submission can qualify payments for lower interchange rates. We configure your account to submit the required data automatically when possible.
Can I set spending limits per client?
Your virtual terminal allows you to process individual transactions up to your approved processing limit. For recurring billing, you control the amounts and schedules.
See What You're Actually Paying
Upload your most recent processing statement. We'll break it down line-by-line and show you exactly where your money goes — no commitment required.