Actionstep Payments is Actionstep's built-in credit card and bank transfer processing tool allowing your clients to pay you using their credit card or bank account, meaning you get paid faster and cut down on your billing data entry.
How it works
Once enabled for your Actionstep, any invoice that you and your staff create will have a "Pay Now" button added to it, as will the email that sends that invoice. As they review the invoice, your clients will be able to click on that link and be directed to a page where they can enter their payment details to pay you.
Users will also be able to enter details about the retainer that they want to collect for the matter and the retainer will also be available on the payment page for the user to pay.
When a client pays through Actionstep Payments, Actionstep will mark that invoice as paid in your system. As soon as the funds have cleared, we will automatically deposit the money into your bank account and create all the accounting transactions for the deposit and the online payment fees.
For more details, see Understanding the accounting transaction created by payments to your trust account and Understanding the Accounting Transactions created by Payments to your operating/business account
The following are known limitations while Actionstep Payments that will be addressed in future development.
What it costs
Actionstep Payments has a simple price structure. There will be no setup cost and no monthly subscription costs. Only costs associated with the credit card transactions themselves.
Payment related fees
|Credit Card approval fee||$0.25 per transaction|
|Credit card processing fee||3.25% of the total amount paid|
|Monthly Fee||$25 per month|
Note that there can be additional charges for the processing of credit card disputes. See Understanding Credit Card Disputes for more information.
Setting up Actionstep Payments
Actionstep have a dedicated Payments team who will guide you through the setup of your Actionstep payments. Click here to reach have our team reach out to you to organise a demo, answer any questions or set you up.