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Mar 10, 2020 | News Releases

Western Union Streamlines Incoming Payments for Legal Firms

Incoming Payments for Legal helps law firms manage the administration and foreign exchange volatility often associated with foreign invoices.

Western Union, a leader in cross-border, cross-currency money movement and payments, has launched WU® Incoming Payments for Legal, targeted at small and medium-sized law firms to help manage the administration and foreign exchange volatility often associated with foreign invoices. This new solution, available in the United States, addresses a pain point in the industry: law firms who incur bank processing fees with incoming foreign payments.

Foreign receivables, regardless of the amount, often have a bank or processing fee associated with them. The Incoming Payments for Legal solution helps eliminate those fees.

By setting up the law firm’s invoicing system through Western Union Business Solutions, firms can invoice an overseas vendor in their local currency. The payment is directed to a Western Union Business Solutions account held in the local currency, helping avoid currency exchange volatility and bank fees. Once Western Union Business Solutions receives payment from the law firm’s vendor, it initiates the process of moving the foreign currency to the law firm’s account, crediting the firm’s account in USD.

With 30 years’ experience working with more than 700 law firms worldwide, Western Union Business Solutions is an expert in streamlining firms’ domestic and cross-border payments. As a trusted partner to the legal industry, we provide an end-to-end payments solution to simplify complicated payments processes and drive efficiencies.