Lightspeed Retail has the following default payment types:
- Credit Card
- Credit Account
- Gift Card
- Debit Card
Whether you plan on configuring your Retail account for integrated or non-integrated payment processing, the above default payment types could be all you need. If so, see the What's next? section below for how to proceed.
However, depending on if you've integrated your payment processing or not, you might find adding new payments types necessary to meet your business needs.
If you're using an integrated payment processor, Lightspeed Retail is designed to recognize which card types are processed at your card reader or terminal (Debit, Visa, MasterCard, Amex and Discovery). This gives you the option to automatically map the detected card type to a specific payment type in your Retail reporting. By default, debit cards are mapped to the Debit Card payment type and all credit card types are mapped to the Credit Card payment type. However, if you want your Retail reporting to record specific card types instead of only differentiating between credit and debit cards, you need to create new payment types ahead of time. This way, you'll be ready to use the mapping feature once it's time to configure your payment processing in the next article of this lesson.
If you're using a non-integrated payment processor, you might also find it useful to add new payment types if you need to record specific card types in your Retail reporting (e.g. Debit, Visa, MasterCard, Amex and Discovery). To do so, you'll also need to need to add them ahead of time so you can enter payment amounts in the appropriate payment type fields when you're ready to start making sales.
To add a new payment type:
- From the main menu, click Settings > Payment Types > + New Payment Type.
- Enter the Payment Type Name.
- From the Refund As drop-down, select a payment method to restrict how the new payment type can be refunded. If you want to select the new payment type, click Save Changes to make it appear in the Refund As drop-down. If you don't want to restrict how the new payment type can be refunded, keep the default All option selected.
- If you want the new payment type to only be available when a customer is attached to a sale, select the Require Customer checkbox.
- Click Save Changes.