Canadian E-Commerce Platform Lightspeed Teams Up With Stripe to Launch New Integrated Payment Capabilities in North America

Lightspeed, a Canada-based e-commerce platform, announced on Thursday it has launched new integrated payment capabilities in North America. The expansion is through Lightspeed’s partnership with Stripe. Founded in 2005, Lightspeed provides customers with a way to build, manage, and grow retail, restaurant, or commerce business and create a “best-in-class” customer experience.

Lightspeed 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.”

According to Lightspeed, Lightspeed Payments now offers a “faster checkout experience, improved reporting and sleek new hardware well-suited” for omnichannel merchants. Lightspeed Payments 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.
  • 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

Speaking about the collaboration with Stripe, Dax Dasilva, Founder and CEO of Lightspeed, added:

“Stripe offers enterprise-grade infrastructure that puts our customers on the cutting edge of modern payments technology. The combination of Terminal and Connect is a powerful integrated solution in the market for ambitious platforms to facilitate payments for their merchants.”

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