Lightspeed · Payment processors
Lightspeed Payments review
Lightspeed Payments is the natural choice for businesses on Lightspeed’s retail or restaurant point of sale: flat-rate processing built into the system, with sales, inventory and payment reporting together. It’s only for Lightspeed users, and Lightspeed charges a monthly fee if you use another processor, so compare its rates against the cost of switching.
Who Lightspeed is best for
Retailers and restaurants using or choosing Lightspeed POS and businesses with large inventories.
Businesses not using Lightspeed’s point of sale and merchants who want to use their own processor.
Lightspeed Payments is the natural choice for businesses on Lightspeed’s retail or restaurant point of sale: flat-rate processing built into the system, with sales, inventory and payment reporting together. It’s only for Lightspeed users, and Lightspeed charges a monthly fee if you use another processor, so compare its rates against the cost of switching.
Fees, features and eligibility
| Card rate | Flat-rate processing set by your Lightspeed plan; a fee applies if you use a third-party processor |
|---|---|
| Monthly fee | Lightspeed POS subscription |
| Type | Point of sale with payment processing |
| Coverage | CAD |
| Best fit | Lightspeed POS customers |
Source: Lightspeed published product information.
What stands out
Pros
- Built into Lightspeed’s point of sale
- Flat-rate pricing
- Payments and inventory reporting in one place
Cons
- Only for Lightspeed point-of-sale users
- Lightspeed charges a fee to merchants who use another processor
- Software subscription on top of processing
Lightspeed: common questions
What is Lightspeed Payments?
The payment processor built into Lightspeed’s retail and restaurant point-of-sale systems, with flat-rate pricing.
Can I use another processor with Lightspeed?
Yes, but Lightspeed charges a monthly fee to merchants who process through a third-party provider instead of Lightspeed Payments.
How much does Lightspeed Payments cost?
Rates are flat and set by your Lightspeed plan, on top of the point-of-sale subscription. Ask Lightspeed for the rates on your plan.
Used Lightspeed? Help other businesses choose.
