LawPay launches ClientCredit, a Buy Now Pay Later payment option for the legal industry

The Buy now, pay later (BNPL) phenomenon has grown in popularity in recent years as customers seek alternative methods of financing. BNPL is a new payment option that allows consumers to receive their purchase right away (Buy Now), either online or in-store and then pay (Pay Later) for their purchase in installments.

The BNPL industry is now poised to disrupt the $8 trillion US payment card industry. So far, BNPL accounts for only a small portion of overall credit card spending and has mostly revolutionized the e-commerce and retail sectors. Until now!

Today, LawPay, an Austin, Texas-based startup and provider of online payment solutions for legal professionals, announced the launch of ClientCredit, a Buy Now Pay Later (BNPL) game-changing payment option for the legal industry. The new payment option will enable attorneys to increase their overall collection rate, decrease outstanding accounts receivable, and dramatically reduce time spent on billing.

In addition to the launch, LawPay also announced that ClientCredit is now accessible to all customers. Previously in beta testing, ClientCredit was officially announced by the leader in legal payments in September 2021.

According to the firm, ClientCredit is exclusively available through LawPay and allows individual clients to pay for legal services in installments, while the legal firms receive 100% of their invoiced amount upfront.

The ClientCredit option is available for individuals that are looking for more flexibility on payments and will allow them to select the attorney they want based on their needs. With a simple application process, ClientCredit users will receive an instant loan decision allowing them to proceed with legal payments.

Founded in 2005 by Amy Porter, LawPay was developed specifically to help law firms streamline billings and collections, providing a simple, secure solution for legal clients to pay their bills. LawPay is more than your typical “merchant account”—LawPay provides the complete end-to-end credit card processing program for attorneys around the country.

LawPay currently provides legal payments solution to more than 50,000 law firms and 150,000 lawyers around the country. It’s available through all 50 state bars, 60+ local and specialty bars, and the ABA as a vetted and approved payment solution for the legal industry.

“It [ClientCredit] has been fantastic so far,” said the law firm that accepted the first ClientCredit payment via LawPay. “It lets us focus on the cases without the hassle of running our own collections. We are offering this to every new client.”

As the increase in online payments continues to rise, this flexible payment option through LawPay will allow law firms to get paid faster and more predictably, expand the payment options for the firm’s client base, offering flexibility when it comes to choosing how the clients pay and spend more time focusing on clients, and less time on chasing payments

“ClientCredit allows our LawPay customers to make their services more accessible to their customers by providing the ability to pay overtime for services. We’ve had nearly 1,000 law firms onboarded to our beta who are now able to offer ClientCredit to their clients, which shows the high demand for this BNPL solution,” said Dru Armstrong, CEO of LawPay.

ClientCredit is now available to existing and new LawPay customers. Interested customers can sign-up for LawPay at: https://www.lawpay.com/sign-up/.