Lightspeed Payments is the simplest way to integrate your payment processing with Lightspeed Restaurant. Because Lightspeed Payments lives within the Restaurant POS, this enables you to both run your business and manage your transactions all in one seamless Lightspeed experience.
Required information to apply for Lightspeed Payments
In order to process your application as quickly as possible, it is important that you provide accurate information. The information you are required to provide includes:
-
Required information in the United States
- Document signer’s personal information: This will include their home address and SSN, as required by FINCEN. Lightspeed reserves the right to run a credit check if necessary.
- Legal Business Name: This is the Sole Proprietorship/LLC/Corporation name that you registered with the Secretary of State. Your business needs to maintain a status of Active or In Good Standing.
- Tax ID (FEIN): The Tax ID has to match your legal business name under IRS records. If we can’t find your Tax ID in IRS records, you can also provide your FEIN letter. This will be your SSN if you operate as a Sole Proprietorship.
- Business address: We need to verify your business operating location.
-
Bank Account: A bank account associated with the Sole Proprietorship/LLC/Corporation name provided in the application is required. This is the account where your processed funds will be deposited.
- You may be required to upload an image (voided cheque, bank letter, bank statement, or online banking environment) of your banking information. This image must have the following information visible:
- Business legal entity name or DBA name
- Routing number
- Account number
- You may be required to upload an image (voided cheque, bank letter, bank statement, or online banking environment) of your banking information. This image must have the following information visible:
-
Required information in Canada
- Document signer’s personal information: This will include their home address and date of birth, as required by FinTrac. Lightspeed reserves the right to run a credit check if necessary.
- Legal Business Name: This is the Sole Proprietorship/LLC/Corporation name that you registered with the provincial or federal business registry. Your business needs to maintain a status of Active or In Good Standing.
- Tax ID (business number): If you qualified for registration or voluntarily registered with the Canada Revenue Agency (CRA), you can provide your Tax ID. This has to match your legal business name under CRA records. If we can’t find your Tax ID in CRA records, you can also provide a copy of a CRA document with your business number on it.
- Business address: We need to verify your business operating location.
-
Bank Account: A bank account associated with the Sole Proprietorship/LLC/Corporation name provided in the application is required. This is the account where your processed funds will be deposited.
- You may be required to upload an image (voided cheque, bank letter, bank statement, or online banking environment) of your banking information. This image must have the following information visible:
- Business legal entity name or DBA name
- Transit Number
- Financial Institute Number
- Account Number
- You may be required to upload an image (voided cheque, bank letter, bank statement, or online banking environment) of your banking information. This image must have the following information visible:
-
Required information in Netherlands
- Document signer’s personal information: This will include their name, address, and date of birth, as required by WWFT. Lightspeed reserves the right to run a credit check if necessary.
- Legal Business Name: This is the Sole Proprietorship/LLC/Corporation name that you registered with the KVK. Your business needs to maintain a status of Active or In Good Standing.
- Tax ID (Btw-nr and KVK-nr): If you're a private company or incorporated partnership, you need to provide your Btw-nummer and KVK-nummer. This has to match your legal business name registered with the KVK.
- Business address: We need to verify your business operating location.
-
Bank Account: A bank account associated with the Sole Proprietorship/LLC/Corporation name provided in the application is required. This is the account where your processed funds will be deposited.
- You may be required to upload an image (voided cheque, bank letter, bank statement, or online banking environment) of your banking information. This image must have the following information visible:
- Business legal entity name or DBA name
- IBAN
- You may be required to upload an image (voided cheque, bank letter, bank statement, or online banking environment) of your banking information. This image must have the following information visible:
-
Required information in Belgium
- Document signer’s personal information: This will include their name, address, and date of birth, as required by FSMA. Lightspeed reserves the right to run a credit check if necessary.
- Legal Business Name: This is the Sole Proprietorship/LLC/Corporation name that you registered with the CBE. Your business needs to maintain a status of Active or In Good Standing.
- Tax ID (BTW-nr / n° TVA / Mwst-nr and BCE / KBO / ZDU number): If you're a private company or incorporated partnership, you need to provide your BTW-nr / numéro de TVA / Mwst-nr and BCE / KBO / ZDU number. This has to match your legal business name registered with the CBE.
- Business address: We need to verify your business operating location.
-
Bank Account: A bank account associated with the Sole Proprietorship/LLC/Corporation name provided in the application is required. This is the account where your processed funds will be deposited.
- You may be required to upload an image (voided cheque, bank letter, bank statement, or online banking environment) of your banking information. This image must have the following information visible:
- Business legal entity name or DBA name
- IBAN
- You may be required to upload an image (voided cheque, bank letter, bank statement, or online banking environment) of your banking information. This image must have the following information visible:
In some cases, more information may be required to complete your application. It is important to have the right contact information, such as a regular monitored email address, for our team to get in touch. The Lightspeed Payments Underwriting team will reach out to you if they need further clarification or if there is any information missing from your application.
Applying for Lightspeed Payments
- Log in to Restaurant Manager with your Lightspeed credentials.
- Navigate to Financial Services > Overview.
- In the Lightspeed Payments banner, click Activate payments to begin your application.
- Fill in all required fields and click Continue. Repeat this step until the entire application has been completed.
- Review your application to ensure all information is correct.
- Click Submit.
Your application will be reviewed in the order it is received. Once accepted, you will be notified via email and in your Financial Services tab.