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Lightspeed vs QuickBooks Payments
June 26, 2023 | Author: Sandeep Sharma
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Lightspeed is the leading provider of cloud-based POS software. Our customers typically see a 20% growth in sales after their first year. Now is the time to join the growing list of independent businesses that choose Lightspeed POS to handle their everyday needs. Lightspeed Restaurant allows you to create your menu in seconds, update your floor plan directly in the system, impress customers with photos of items and allow your staff to focus on creating a unique restaurant experience.
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Manage all kinds of payments, all in one place. Take payments via cards, ACH, Apple Pay, PayPal, and Venmo. No matter how you get paid, manage it all in QuickBooks so you never miss a thing.
Lightspeed and QuickBooks Payments are both prominent solutions for managing business finances, but they cater to different needs and offer distinct features. Lightspeed is a comprehensive point-of-sale (POS) and retail management system designed to handle various aspects of a retail business, including inventory management, sales reporting, and customer relationship management (CRM). It provides businesses with robust tools for managing in-store and online transactions, tracking inventory levels, and analyzing sales data. QuickBooks Payments, on the other hand, is a payment processing solution integrated within the QuickBooks ecosystem. It focuses primarily on accepting payments from customers, sending invoices, and managing transactions, with seamless integration with QuickBooks accounting features.
See also: Top 10 Retail software
See also: Top 10 Retail software
Lightspeed vs QuickBooks Payments in our news:
2021. Lightspeed buys Ecwid for $500M
Lightspeed is continuing its acquisition streak by adding two more companies to its portfolio. The Canadian point-of-sale software provider has acquired the e-commerce platform Ecwid for $500 million and NuOrder, a B2B ordering platform catering to wholesalers, brands, and retailers, for $425 million. Ecwid has established itself over the years as a prominent partner of Facebook, assisting small businesses in creating commerce experiences on the social media platform. It has expanded its services to support merchants using platforms such as Square, Wix, Instagram, and Google, sometimes in competition with, but also potentially integrating with, other e-commerce backends like Shopify.
2020. Lightspeed acquires restaurant software company Upserve for $430M
Lightspeed has recently made an announcement regarding its acquisition of Upserve, a move that expands Lightspeed's footprint in the restaurant industry. With its existing cloud-based point-of-sale software catering to various businesses, this acquisition further strengthens Lightspeed's position in the market. Upserve, founded in 2009, initially focused on encouraging users to share their purchase information with friends as part of a group of startups. Over time, it transitioned its offerings towards providing business tools encompassing payments, marketing, and loyalty, eventually rebranding as Upserve to emphasize its dedication to serving the restaurant market. The integration of Upserve aligns with Lightspeed's strategic vision of delivering an advanced commerce platform to high-performing businesses worldwide.
