Florida Bar Proposed Advisory Opinion 21-2 Advises on Venmo, PayPal, and Other Payment Apps
The Florida Bar recently released Proposed Advisory Opinion 21-2 that provides guidance for lawyers that want to accept payment for legal fees through a web-based payment processing system like Venmo or Pay Pal. The Opinion advises that use of a web-based payment processing system should be permissible as long as appropriate privacy settings are employed to protect client confidentiality and appropriate banking arrangements are in place to comply with The Florida Bar’s trust accounting rules.
The Professional Ethics Committee will entertain comments from the public that filed before June 10, 2021. For our prior coverage click here. For more information from The Florida Bar click here.
