Lightspeed Payments simplifies business
management for hospitality merchants in the U.S. and retailers in
Canada
MONTREAL, Feb. 6, 2020 /PRNewswire/ - Lightspeed
POS today announced the initial availability of 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 that saw its merchants growing faster than
industry averages in 2019.
With Payments technology at their fingertips, even more SMBs now
have access to true end-to-end customer service and sophisticated
technology to improve their clients' checkout experience. 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," says Dax Dasilva,
founder and CEO of Lightspeed. "Lightspeed Payments provides
customers the simplicity they desire to optimize their time and
grow their business."
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.
Lightspeed partners with Stripe to expand processing options
for merchants
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 now offer a faster checkout experience,
improved reporting, and sleek new hardware well-suited for
ambitious omnichannel merchants.
"Lightspeed Payments is extraordinarily easy to use and has
modernized the way we run our business," says LABEL
Boutique owner Sarah Barton.
"Implementing a payments solution that was directly integrated with
my point-of-sale system has eased the burden on my staff and led to
a smoother customer experience. It's a nice touch that Stripe's
modern terminals blend in with the carefully curated aesthetic of
my brick-and-mortar shop."
"Lightspeed has been simplifying business for retailers and
restaurants for 15 years, and we're excited to partner with them,"
said John Collison, President and
Co-founder of Stripe. "The fit and finish of Lightspeed's new
payment capabilities will delight their customers."
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, please visit
www.lightspeedhq.com.
ABOUT LIGHTSPEED POS INC.
Lightspeed (TSX: LSPD) is a cloud-based commerce platform
powering small and medium-sized businesses in over 100 countries
around the world. With smart, scalable, and dependable point of
sale systems, it's an all-in-one solution that helps restaurants
and retailers sell across channels, manage operations, engage with
consumers, accept payments, and grow their business.
Headquartered in Montréal, Canada, Lightspeed is trusted by favourite
local businesses, where the community goes to shop and dine.
Lightspeed has offices in Canada,
USA, Europe, and Australia.
For more information, please
visit: www.lightspeedhq.com
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SOURCE Lightspeed POS Inc.