{"id":112787,"date":"2020-02-06T17:21:35","date_gmt":"2020-02-06T22:21:35","guid":{"rendered":"https:\/\/www.borndigital.com\/?p=112787"},"modified":"2020-02-06T17:25:25","modified_gmt":"2020-02-06T22:25:25","slug":"lightspeed-and-stripe-partner-to-launch-new-payments-feature","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/lightspeed-and-stripe-partner-to-launch-new-payments-feature","title":{"rendered":"Lightspeed and Stripe Partner to Launch New Payments Feature"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Need to Know<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Montreal\u2019s Lightspeed has announced a partnership with payments software company Stripe.<\/li><li>Lightspeed will launch a new offering allowing for a more streamlined checkout process for retail and restaurant customers.<\/li><li>Lightspeed\u2019s stock has doubled since its IPO last spring and the company is now balancing plans for both for long-term growth and profit.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Analysis<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>Montreal-based Lightspeed has announced <a href=\"https:\/\/www.newswire.ca\/news-releases\/lightspeed-launches-new-integrated-payment-capabilities-in-north-america-849777512.html\">a partnership with Stripe<\/a>, extending payment options and allowing for a more streamlined checkout process for customers.&nbsp;<\/p>\n\n\n\n<p>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.&nbsp;<\/p>\n\n\n\n<p>Lightspeed is a cloud-based commerce platform that provides a point of sale system for restaurants and retailers in over 100 countries around the world. Last spring, <a href=\"https:\/\/montrealgazette.com\/business\/montreals-lighspeed-a-rare-canadian-ipo-success-story\">Lightspeed went public<\/a>, raising more than $240 million for the company during the IPO.&nbsp;<\/p>\n\n\n\n<p>Lightspeed\u2019s 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.&nbsp;<\/p>\n\n\n\n<p>\u201cStripe offers enterprise-grade infrastructure that puts our customers on the cutting edge of modern payments technology,\u201d said Dax Dasilva, founder and CEO of Lightspeed. \u201cThe combination of Terminal [Stripe\u2019s point of sale] and Connect [Stripe\u2019s product for platform payments] is a powerful integrated solution in the market for ambitious platforms to facilitate payments for their merchants.\u201d<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>\u201cLightspeed Payments is extraordinarily easy to use and has modernized the way we run our business,\u201d says Lightspeed client Sarah Barton. \u201cImplementing 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\u2019s a nice touch that Stripe\u2019s modern terminals blend in with the carefully curated aesthetic of my brick-and-mortar shop.\u201d&nbsp;<\/p>\n\n\n\n<p>This partnership is the next move in Lightspeed\u2019s strategy of balancing both <a href=\"https:\/\/www.bnnbloomberg.ca\/after-blockbuster-ipo-lightspeed-torn-between-growth-and-profit-1.1322269\">profit and long-term growth<\/a>. Since its IPO last spring, Lightspeed\u2019s stock has doubled, and they predict sales will jump as much as 48% this fiscal. Dasilva is also increasing spending on marketing and ads to attract early-stage entrepreneurs.\u00a0<\/p>\n\n\n\n<p>With Stripe\u2019s world-class reputation on their side, they can expect the growth to continue. And it sounds like the feeling is mutual.<\/p>\n\n\n\n<p>Said John Collison, president and co-founder of Stripe, \u201cLightspeed has been simplifying business for retailers and restaurants for 15 years, and we\u2019re excited to partner with them.&nbsp;<\/p>\n\n\n\n<p>\u201cThe fit and finish of Lightspeed\u2019s new payment capabilities will delight their customers.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Need to Know Montreal\u2019s 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\u2019s stock has doubled since its IPO last spring and the company is now balancing plans for both for long-term growth and profit. [&hellip;]<\/p>\n","protected":false},"author":76314,"featured_media":112783,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,3414],"tags":[31],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-112787","magazine","type-magazine","status-publish","has-post-thumbnail","hentry","category-News","category-technology-News","tag-lightspeed"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/112787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/76314"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/112787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/112783"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=112787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=112787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=112787"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=112787"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=112787"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=112787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}