Freedom251 › Payment Processing Software
Lightspeed Payments
What Lightspeed Payments is
Lightspeed Payments is an integrated processor for Lightspeed POS, handling payment processing and transaction management for in-store and online sales. It accepts major credit and debit cards, Visa, Mastercard, American Express, Diners Club, Apple Pay, Google Pay, and ACH direct debit. The service supports recurring billing, payment links, in-person payments, and daily payouts. Lightspeed POS includes reporting with batch reports and settlements, plus retail features such as split payments and card-not-present payments. Lightspeed advertises chargeback assistance and management, unlimited 24/7 support, onboarding, webinars, demos, and videos. The company states that Payments has PCI DSS validated Level 1 compliance, end-to-end encryption, and continuous server security monitoring. Businesses must apply and receive approval before processing card payments. Lightspeed Payments is available on Android, iOS, and web. Its Retail R-Series FAQ says it does not integrate with other payment processors or POS systems. Lightspeed recommends supported terminals because third-party devices may be configured incorrectly and create security risks. Pricing starts from $89/mo, with transaction pricing also listed.
Who it suits
Lightspeed Payments fits retail, hospitality, and golf businesses already using Lightspeed POS. It suits merchants needing in-person and online payments, integrated reporting, and daily payouts.
What it does well
- Supports cards, mobile wallets, and ACH direct debit
- Recurring billing and payment links included
- Daily payout schedule
- Integrated batch reports and settlements
- Unlimited 24/7 support advertised
What to know first
- No free plan
- Application and approval required before processing
- Does not integrate with other POS systems
- Multi-currency support is not available
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Lightspeed Payments | per tapped, inserted or swiped transaction · Manually keyed-in: 2.6% + 30¢ · Processing over $250K: personalized quote | $2.61, paid once |
As lightspeedhq.com lists them, read 2 Oct 2026. The maker's own page has the final word.
Verdict
Lightspeed Payments combines processing, reporting, chargeback help, and support within Lightspeed POS. Its platform restriction, approval requirement, terminal guidance, and paid pricing should be checked before adoption.
Facts from Lightspeed Payments's own pages
- Application
- Businesses must apply and be approved before processing card payments with Lightspeed Payments. · retail-support.lightspeedhq.com, 2 Oct 2026
- Chargebacks
- Lightspeed advertises free chargeback assistance and chargeback management. · lightspeedhq.com, 2 Oct 2026
- Company audience
- Lightspeed says its POS and payments platform serves retail, hospitality and golf businesses. · lightspeedhq.com, 2 Oct 2026
- Company founded
- Lightspeed was founded in 2005. · investors.lightspeedhq.com, 2 Oct 2026
- Founded
- 2005 · lightspeedhq.com, 28 Sept 2026
- Headquarters
- Montreal, Québec, Canada · lightspeedhq.com, 28 Sept 2026
- Payment types
- It accepts major credit and debit cards, Apple Pay and Google Pay. · lightspeedhq.com, 2 Oct 2026
- POS compatibility
- Lightspeed Payments does not integrate with other payment processors or POS systems, according to its Retail R-Series FAQ. · retail-support.lightspeedhq.com, 2 Oct 2026
- Purpose
- Lightspeed Payments is an integrated payment processor for Lightspeed POS that handles payment processing and transaction management. · retail-support.lightspeedhq.com, 2 Oct 2026
- Reporting
- The service includes integrated reporting, batch reports and settlements in the POS. · lightspeedhq.com, 2 Oct 2026
- Retail features
- Lightspeed Retail features include split payments, card-not-present payments and integrated payment processing. · lightspeedhq.com, 2 Oct 2026
- Sales channels
- Lightspeed says Payments supports in-store and online transactions across sales channels. · lightspeedhq.com, 2 Oct 2026
- Security
- Lightspeed states that Payments has PCI DSS validated Level 1 service compliance, end-to-end transaction encryption and 24/7 server security monitoring. · lightspeedhq.com, 2 Oct 2026
- Support
- Lightspeed advertises unlimited 24/7 support, onboarding, webinars, demos and videos. · lightspeedhq.com, 2 Oct 2026
- Terminal restriction
- Lightspeed advises users to use supported Lightspeed Payments terminals because third-party terminals may be incorrectly configured and could pose a security risk. · retail-support.lightspeedhq.com, 2 Oct 2026
Where Lightspeed Payments stands on Freedom251
- Payment Processing Software#43 of 71