4.2 Payment Types

Lightspeed Retail has the following default payment types:

• cash
• check
• 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 may be sufficient. If so, see the What's next? section below for how to proceed.

However, if adding new payment types is necessary for your business needs, you can do so from Settings > Payment Types.

For more information, please see our Setting up payment types article.

Retailers using a non-integrated payment processor find new payment types useful for a number of reasons. One example would be in scenarios where they need to record specific credit card types for reporting purposes (Visa, MasterCard, Amex, etc).

When using an integrated processor, Lightspeed is designed to recognize which card type is used at the card reader or terminal (Visa, MasterCard, Amex, etc). This way, a retailer can map the detected card type to a specific payment type in their Lightspeed account. This is also an example of how new payment types can be helpful for reporting purposes. If you plan to use this mapping feature once it's time to configure your payment processing, you'll need to create your new payment types ahead of time.

What's next?

If you are using a non-integrated payment processor, skip to:

• Lesson 5: Sales

If you are using an integrated payment processor, continue to article:

• 4.3 Configuring your payment processing