In 2013, it reportedly processed an incredible $20 billion in transactions. ![]() Square has rapidly overtaken its peers for volume of annual payments with the assistance of $200m investment and a partnership with Starbucks. Shopify has traditionally focused on (but not been limited to) small-scale e-tailers and has more recently diversified into the live retail market within the last year with the release of its own POS and mobile-commerce solution. It has a diverse range of plug-ins, from web design customization to changing the shipping options and tax rates. Shopify is known for its ease of use and you can have a cookie-cutter online store up and running quite easily, with add-ons to handle very specific needs. Having acquired 7,000 retailers in the past year, it is experiencing rapid growth. Its consumer base is slowly broadening to include larger chains and brands such as Adidas (for its pop-up stores). Its users usually have a full, in-store setup and take a “continuing the conversation” standpoint to ecommerce service integration. LightSpeed has focused in on medium-sized companies and retailers for whom their “bricks-and-mortar” presence is the foundation of the business. First to market with a POS system based in the cloud, the software can be synchronized across devices and is used for accepting credit card payments in the offline environment. Square is a mobile payment gateway for iPad, iPhone and Android. It diversified into a complete POS application in August 2013 and in January 2014, the POS system became compatible with the iPhone. Shopify provides the tools required for any business to set up and customize their own ecommerce store. ![]() ![]() In July 2013, it shifted to a fully-integrated system complete with a customized ecommerce platform and a cloud-based POS system for iPad and mobile. LightSpeed offers retailers a front-counter POS system and back-office management application for Mac. We have reviewed three of the strongest players in the industry, and allow leave you to determine which one is most suitable for your company. How do you know which one is suitable for your business needs when there are so many options to choose from? Seamless payment processing for commerce in today’s mobile-tech dominated environment is extremely important.
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