However, Shopify is better suited for retailers that operate primarily online, while Lightspeed is great for brick-and-mortar retailers with complex inventories and reporting needs. Lightspeed Retail and Shopify are two great POS systems for retailers. It can take some time to learn the ins and outs of Lightspeed and configure everything to your liking, and it also has fewer dashboard customization options than software like Square or Shopify. While Lightspeed does have a lot to offer, it is feature-rich, and all those tools create a much busier interface than some of the other POS systems available to small businesses. It also earned points for its pre-integrated payments and ecommerce store-making setup easy and allowing you to start taking sales as soon as you sign up. Unique to Lightspeed, every POS subscriber gets a dedicated account manager to help you learn how to use the system and answer any questions you may have. Lightspeed earned a perfect score for its customer support and ease of use. All information about your inventory is broken down on the analytics page, where Lightspeed will also provide you with tips and key takeaways. You can also create and track serial numbers and/or SKUs and manage bundled or kitted products to monitor joint performances. Its software covers all the inventory tracking basics-real-time stock counts based on transactions across sales channels, low stock alerts with customizable reorder points, detailed inventory catalogs with rich product descriptions, and options to organize products with tags and categories. Unlike competitors Square or Shopify, Lightspeed is made to organize and track large quantities of inventory and help you manage high sales and order volumes. 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. Every Lightspeed POS account includes Lightspeed's in-house payment processor, Lightspeed Payments.
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