Answer: Yes, under specific conditions.

Explanation: A lawyer or LLP can accept payments to their COLTAF account via debit card, credit card, eCheck, ApplePay, AndroidPay, PayPal, Venmo, etc. However, because of ethical considerations applicable to lawyers and LLPs, they must use a specialized vendor for card payment processing. Card payment processors serving COLTAF customers must ensure that payments of earned fees are directed to the firm’s operating account, while unearned fees and other client and third-party funds are directed to the COLTAF account. It is also imperative that the card payment processor is capable of preventing chargebacks against the COLTAF account.

While COLTAF does not endorse any card payment processing vendors, the list below may be helpful to COLTAF account holders in their search for a card payment processor. COLTAF customers with a practice management software may wish to contact their practice management software provider to inquire about integration capabilities. Lawyers and LLPs are responsible for conducting their own evaluation of which payment processors offer adequate security and ethics compliance.