![]() ![]() Of everything that Lightspeed has to offer, what sets it apart from other POS systems is its advanced inventory controls and reporting capabilities. While Lightspeed’s price tag is slightly higher than its competition, the POS system’s robust inventory features are included with every plan-even the Basic package. Integrated supplier network catalog (more than 3,000 vendors).Serial number and stock keeping unit (SKU) tracking.More than 3,000 preloaded vendor catalogs.However, opting for a third-party processor will increase your monthly software fees by $50 per month. If you would rather use a third-party payments processor or operate outside of North America, Lightspeed integrates with several other options, including Worldpay triPOS, Cayan, Element Express, Mercury, Tyro, BNP, and Concardis. ![]() You will also have access to dispute management officers and chargeback assistance, and Lightspeed Payments has taken steps to ensure your and your customers’ information stays secure with EMV-compliant end-to-end encryption. Lightspeed can take all major credit cards via contactless, chip, and swipe. For retailers processing more than $250,000 each month, however, you are eligible for volume processing rates. Lightspeed Payments offers a flat processing rate across plans with 2.6% plus 10 cents for chip, tap, and swipe payments and 2.6% plus 30 cents for keyed-in payments. Not only that but when you opt to use Lightspeed payments over another processor, you will save money on your monthly POS subscription fee. This means that you can start accepting payments and processing transactions as soon as you sign up-there is no need to integrate a third-party payment processor. While Lightspeed Retail POS is a great platform for retailers with larger inventories and budgets, the POS system also tends to have more tools (and fees) than are necessary for smaller operations.Įvery Lightspeed POS account includes Lightspeed’s in-house payment processor, Lightspeed Payments. Consider Square for a POS provider that is suited better for mobile sales. We still don’t consider it a great option for mobile sellers, however, as it does not have a mobile terminal device, other than the iPad app option. It has a companion iPad app and mobile card reader for ringing up products on the sales floor or processing orders curbside. Lightspeed is a cloud-based POS system, so it can run on any internet-enabled device. Additionally, all Lightspeed POS systems include Lightspeed payments for your payment processing needs, but you can integrate your system with a third-party processor for a higher monthly rate. It even comes included in Lightspeed Retail POS’s higher-tier plans. In addition to being a top POS software company, Lightspeed offers a comprehensive ecommerce platform that rivals standalone ecommerce solutions like Shopify and BigCommerce. There is also the ability to make custom reports to analyze specific product sectors. Lightspeed Retail POS does an excellent job of providing inventory reports that not only provide you with great data but also offer key takeaways, suggestions, graphics, tips, and instructions on how to interpret the data. It makes it easy to manage large quantities of merchandise and stay on top of your incoming and outgoing goods, making Lightspeed suitable for medium to large businesses that manage large or complex inventories. In our review of Lightspeed Retail POS, we found Lightspeed’s standout feature is its robust and granular inventory management tools. If you still want to explore other POS options, you can check out our guide to the best POS systems for small businesses. ![]()
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