Lightspeed and Stripe Partner to Launch New Payments Feature

Digital | Feb 6, 2020

lightspeed and stripe partner - Lightspeed and Stripe Partner to Launch New Payments Feature

The integration will launch Lightspeed Payments, a new one-stop shop for customer payments and financial reporting

Need to Know

  • Montreal’s Lightspeed has announced a partnership with payments software company Stripe.
  • Lightspeed will launch a new offering allowing for a more streamlined checkout process for retail and restaurant customers.
  • Lightspeed’s stock has doubled since its IPO last spring and the company is now balancing plans for both for long-term growth and profit.

Montreal-based Lightspeed has announced a partnership with Stripe, extending payment options and allowing for a more streamlined checkout process for customers.

This integration will allow for the launch of Lightspeed Payments, which will eliminate the need for a separate payment provider for Lightspeed customers. Some of the perks of Lightspeed Payments include transparent pricing, a more simplified setup, faster checkout, and most significantly, one place for business owners to manage financial reporting and cash flow tracking.

In-depth Review: 

Lightspeed POS review - Lightspeed and Stripe Partner to Launch New Payments Feature

Lightspeed image - Lightspeed and Stripe Partner to Launch New Payments FeatureLightspeed is a cloud-based commerce platform (see Analysis) that provides a point of sale system for restaurants and retailers in over 100 countries around the world. Last spring, Lightspeed went public, raising more than $240 million for the company during the IPO.

Lightspeed’s partnership with Stripe, a widely-used transactions company that accepts payments and helps clients manage their businesses online, is expected to improve the payment experience for customers.

“Stripe offers enterprise-grade infrastructure that puts our customers on the cutting edge of modern payments technology,” said Dax Dasilva, founder and CEO of Lightspeed. “The combination of Terminal [Stripe’s point of sale] and Connect [Stripe’s product for platform payments] is a powerful integrated solution in the market for ambitious platforms to facilitate payments for their merchants.”

Now, existing clients using Lightspeed Payments can expect shorter waits and a better experience for end customers. Plus, Stripe makes it possible for businesses to customize their payment software with their own branding.

Continue to the full article --> here

 


NCFA Jan 2018 resize - Lightspeed and Stripe Partner to Launch New Payments Feature The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Lightspeed and Stripe Partner to Launch New Payments FeatureFF Logo 400 v3 - Lightspeed and Stripe Partner to Launch New Payments Featurecommunity social impact - Lightspeed and Stripe Partner to Launch New Payments Feature

CONGRATULATIONS TO THE 2020 FINTECH DRAFT PITCHING AND DEMO COMPANY WINNERS!



FFCON20 Pitching and Demo Winners - Lightspeed and Stripe Partner to Launch New Payments Feature



NCFA COVID 19 letter to government to support Fintechs and SMEs - Lightspeed and Stripe Partner to Launch New Payments Feature

NCFA Newsletter subscribe600 - Lightspeed and Stripe Partner to Launch New Payments Feature