Lightspeed launches integrated payment capabilities

Lightspeed is partnering with Stripe to expand processing options for merchants. Photo credit: Lightspeed

Lightspeed POS releases Lightspeed Payments for hospitality merchants in the United States and retailers in Canada. Eliminating the need for a separate payments provider, new and existing Lightspeed customers will benefit from Lightspeed Payments' direct integration with the commerce platform.
Operating from one system of record, merchants across North America can leverage the suite of modules that make up the Lightspeed platform to operate strategically from a single back end.
"Merchants are taking advantage of cloud technology to increasingly streamline operations and generate a tangible return on investment," Lightspeed founder/CEO Dax Dasilva said in a statement. "Lightspeed Payments provides customers the simplicity they desire to optimize their time and grow their business."

Key features include:

  • Transparent pricing and cost certainty: No startup fees and credit card-agnostic standard rates for card-present transactions, card-not-present transactions and keyed-in transactions. 
  • Simplified set-up: Frictionless process to get businesses transactional quickly and painlessly. 
  • Fast and secure checkout experience: Supports all major payment methods and processes refunds without having to ask the cardholder to present their card. Payment card industry-compliant solution that helps small and midsized businesses combat fraud risk with monitoring and payments experts readily available to help when needed. 
  • One place to manage the business: With one source of data and one company to trust, companies can manage their businesses in one place, including financial reporting and cash-flow tracking.

Now partnered with global payments processing platform Stripe, Lightspeed Payments offers merchants a variety of processing options to best suit their business. This partnership enables Lightspeed Payments to offer a faster checkout experience, improved reporting and sleek new hardware.