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Lightspeed Launches New Integrated Payment Capabilities in Canada

Montreal-based Lightspeed, a leading provider of cloud-based point-of-sale and ecommerce solutions for independent businesses, has announced the initial availability of Lightspeed Payments for hospitality merchants in the US and for retailers in Canada. Lightspeed has also partnered with global payments processing platform Stripe to offer merchants a variety of processing options.

DAX DASILVA, CEO OF LIGHTSPEED

The new Lightspeed Payments technology provides new and existing customers with Lightspeed Payments’ direct integration with the ecommerce platform, eliminating the need for a separate payments provider. As a result, its merchants grew considerably faster than the industry average in 2019.

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 backend.

“Merchants are taking advantage of cloud technology to increasingly streamline operations and generate a tangible return on investment,” said Dax Dasilva, founder and CEO of Lightspeed in a statement. “Lightspeed Payments provides customers the radical simplicity they crave to optimize their time and grow their business.”

Several key features of Lightspeed Payments 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. PCI compliant solution that helps SMBs 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, SMBs can manage their businesses in one place, including financial reporting and cash flow tracking.

IMAGE: LIGHTSPEED

Lightspeed Payments also partnered with global payments processing platform Stripe to offer merchants a variety of processing options. Stripe is known for its rapid onboarding, intuitive workflow and sleek hardware. It is an integrated solution designed for ambitious omnichannel merchants.

Today’s announcement furthers Lightspeed’s commitment to the more than 74,000 customer locations it supports throughout the globe and extends the Lightspeed Payments beyond retail and outside of the United States, where the company has offered the solution since January 2019.

To learn more about Lightspeed Payments, visit www.lightspeedhq.com.

*Lightspeed is a valued partner of Retail Insider. To work with us, email: craig@retail-insider.com

Article Author

Craig Patterson
Craig Patterson
Now located in Toronto, Craig is a retail analyst and consultant at the Retail Council of Canada. He's also the Director of Applied Research at the University of Alberta School of Retailing in Edmonton. He has studied the Canadian retail landscape for the past 25 years and he holds Bachelor of Commerce and Bachelor of Laws Degrees. He is also President & CEO of Vancouver-based Retail Insider Media Ltd.

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