Save Time and Cash with Lightspeed Funds

As an on-line vendor, you’re seemingly nicely conscious of the significance of selecting the proper cost processor for your enterprise. Not solely does that call have an effect on the quantity of charges it’s a must to pay, nevertheless it additionally performs a important half in your prospects’ buying expertise.

If solely the good cost resolution existed for on-line sellers who wish to effortlessly and securely settle for funds in their Ecwid retailer… Wait, there’s! Drum roll, please—meet Lightspeed Funds!

Lightspeed Funds is delivered to you by Lightspeed, the one-stop commerce platform for retailers across the world to simplify, scale, and create distinctive buyer experiences. Particularly, the platform caters to retail, restaurant, and golf-oriented companies.

Ecwid joined forces with Lightspeed in 2021 to give on-line sellers extra sources, cutting-edge applied sciences, and extra alternatives to develop. Lightspeed Funds is one among these superior perks!

What Is Lightspeed Funds?

Lightspeed Funds is a cost-effective and safe cost methodology that helps handle your funds proper the place you run your on-line retailer—your Ecwid management panel. It additionally gives shoppers with a quick and simple checkout expertise, which is important for retaining buyers.

Lightspeed Funds is a cost system presently accessible in the US. It lets you settle for funds in your on-line retailer by way of all main credit score and debit playing cards, as nicely as Google and Apple Pay.

Right here’s what makes Lightspeed Funds higher than different cost gateways:

• It lets you settle for funds by way of the hottest methods. Other than accepting Google Pay and Apple Pay in your retailer, you’ll be able to settle for all main credit score and debit playing cards, together with Visa, MasterCard, American Categorical, JCB, Uncover, Diners Membership Worldwide, and extra.
• It is budget-friendly and clear. Lightspeed Funds has aggressive charges (2.9% + $0.30 per transaction), and no hidden charges!
• It’s protected and safe. Lightspeed Funds has built-in PCI compliance, fraud safety, and chargeback administration.
• It’s handy and intuitive. You possibly can enroll for Lightspeed Funds proper out of your Ecwid management panel. There, you’ll be able to handle payouts, see cost particulars, and course of refunds.

Now let’s break down Lightspeed Funds’ key features and perks for on-line sellers.

Advantages of Getting Paid with Lightspeed Funds

Lightspeed Funds is a nice choice each for newbie on-line sellers and established enterprise homeowners for a variety of causes.

You Save Cash on Charges

Lightspeed Funds gives clear and aggressive pricing—2.9% + $0.30 per transaction—with no hidden charges.

In comparability, PayPal Checkout (together with Venmo) costs 3.49% + a fastened payment or 2.89% + a fastened payment per transaction.

You Save Time on Managing Funds

You possibly can simply arrange and handle Lightspeed Funds proper out of your Ecwid management panel, no tech expertise wanted. As an alternative of logging into your cost gateway on another web site, you’ll be able to take a look at your stability, funds, and payouts on the Finance web page.

Funds processed by Lightspeed Funds are displayed on the Finance web page in the Ecwid Management Panel

The Ecwid management panel gives real-time reporting of your funds, permitting you to at all times know precisely what your earnings are at any second. With Lightspeed Funds, you’ll be able to handle refunds by the management panel, making the entire course of simpler for you and faster for your buyer.

It’s Handy Each for You and Your Prospects

Right here at Ecwid, we attempt to make the lifetime of on-line sellers simpler. That’s why we simplify all operations and allow you to handle them from one place. Lightspeed Funds is no completely different. Its setup and cost administration are easy for any on-line vendor, no matter tech information or enterprise background.

As for your prospects, they’ll admire a seamless, safe, and quick on-line checkout—one of the most vital steps in the buyer journey. Prospects can checkout even quicker with Apple and Google Pay. As Lightspeed Funds accepts all main bank cards, they supply a flexibility that helps forestall deserted carts, placing you forward of your opponents.

Lightspeed Funds is additionally mobile-friendly, letting prospects buy their favourite merchandise on their smartphones simply as simply as on their computer systems. As 79% of smartphone customers depend on their telephones to make purchases, you must positively ensure the cellular model of your retailer is as simple to use as your web site, if not simpler.

You’re Protected From Fraud

With Lightspeed Funds, you’ll be able to course of your funds confidently and securely with built-in PCI compliance, which gives bank-level safety.

Lightspeed Funds protects you and your prospects’ information with end-to-end encryption. It is a methodology of safe communication that forestalls third events from accessing info as it is transferred between events throughout a transaction.

Lightspeed Funds lets you forestall fraud and chargeback in some ways, together with having prospects specify billing addresses. With a billing handle, a cost gateway can confirm whether or not it matches the information from the card-issuing financial institution. If the information doesn’t match, Lightspeed Funds will forestall a fraudster from shopping for in your retailer.

The Billing handle part is prefilled with a buyer’s delivery handle

Easy methods to Set Up Lightspeed Funds in Your Retailer

Are you able to begin reaping the advantages of Lightspeed Funds for your on-line retailer? Relaxation assured, it’s very simple to arrange!

Lightspeed Funds is accessible on all plans, together with a free one, for Ecwid sellers in the US (phrases and circumstances apply).

Nonetheless no Ecwid retailer? Join proper now to arrange a free on-line retailer in minutes.

Making use of for Lightspeed Funds

Organising Lightspeed Funds is extremely simple. All it’s a must to do is apply for the cost methodology out of your Ecwid management panel. Be taught methods to apply for Lightspeed Funds in our Assist Heart.

After you submit your software in the Ecwid Management Panel, it can be checked robotically and seemingly authorised for accepting funds in your retailer. This fashion, you can begin benefiting from the decrease charges and comfort of the gateway instantly.

You possibly can submit your software proper in the Ecwid Management Panel

In the meantime, the Lightspeed Funds crew will evaluation your software manually to approve it for payouts. In some instances, they could request extra paperwork. For instance, if you promote medical merchandise, you may must current the mandatory certificates.

As soon as your software is totally authorised by the Lightspeed Funds crew (it could take a number of enterprise days), you’ll see a notification in your Ecwid management panel. After that, you can begin accepting and receiving funds instantly.

In uncommon instances, an software may not get authorised robotically. Such functions are despatched to the Lightspeed Funds crew for additional evaluation. They’ll attain out to you by way of electronic mail inside a couple of enterprise days to request some paperwork and show you how to with the approval course of.

Word: Make sure you add authorized pages, product, and delivery settings in your retailer earlier than making use of for Lightspeed Funds. You possibly can apply with out, however your retailer received’t be totally authorised till you add that info. In which case, you’ll be able to settle for funds however received’t be in a position to withdraw your hard-earned money.

Getting Paid with Lightspeed Funds

As soon as your retailer is totally authorised for Lightspeed Funds, you’ll be able to lastly begin getting paid!

After the cost is processed, cash can be robotically deposited into your checking account inside two enterprise days (the payout is the transaction quantity minus the charges). It might take longer to get your first payout than you may count on, however you’ll find transaction info on the Finance web page in your Ecwid management panel to be taught extra.

You possibly can see details about transactions made with Lightspeed Funds everytime you need

Take a look at the following Assist Heart articles to be taught extra about managing Lightspeed Funds in your retailer:

If you’ve gotten any questions on enabling and utilizing Lightspeed Funds in your retailer, don’t hesitate to attain out to our Buyer Care crew.

Begin Saving Time and Cash with Lightspeed Funds

For any on-line vendor, accepting funds is a essential, if not the most vital, a part of a enterprise. If you wish to get monetary savings on cost processing charges and simplify your cost routine, we advocate making use of for Lightspeed Funds. You get decrease charges, quicker payouts, and the safety of figuring out that your transactions are protected.

Lightspeed Funds is easy to arrange and takes much less time than scrolling by your social media feed.

So what are you ready for? Apply immediately and begin making the most of all that Lightspeed Funds has to supply!