Lightspeed POS, which went public earlier this year, has been doing very well with its payments processing solution. While analysts thought the attach rates for Lightspeed Payments would hover around 15%, it’s actually been north of 40%.
The reasons, as readers here know, is pretty straightforward: payments offers no value and is the poster child of a commoditized product, so it may as well come from your software provider. There are also some very practical reasons why joining the two can be beneficial:
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