![]() Shudder, because there probably involves a fax machine somewhere in that loop.īalance is looking to modernize all of it, as fast as possible.īalance offers efficient B2B payments that allows merchants to offer a variety of payment methods including ACH and bank wires as well as a variety of payment terms including payment on delivery, net payment terms, and payment by milestone. Financing is complicated and offered by a bank through - gasp - an actual phone call. A mash-mash of payment methods from paper checks to wire transfers get sent against invoices, none of which are automatically synchronized across financial information systems. ![]() Then you head over to B2B payments … and you recoil in horror as you migrate away from a utopian future of promise to the ruins of an antiquated past. If you happen to need financing, on-the-spot lending platforms like Affirm, which recently debuted on NASDAQ and is currently valued at $26 billion, will extend that financing nearly instantaneously. Checkout is a breeze with modern tools ranging from Stripe and PayPal to Fast and Rapyd to Apple and Google Pay. When we create the discount coupon in Lightspeed, it can be used against any shipping costs on the cart, and indeed on any item in any category, as you'd expect from a gift card.Consumer payments is by no means a solved problem (I’ll trigger one hundred blockchain people if I say otherwise), but it sure as heck is a pretty improved one. In the instance above, the coupon gets disabled automatically by Lightspeed (as the original discount coupon was a one time use only coupon), but when the order gets placed in Lightspeed, we get notified, and we reduce the gift card balance in Gift Up! to $20 and immediately re-create the discount coupon with the exact same code again, but this time with a $20 balance so your customer can come along again and place another order and use their remaining balance. $50 redeemed against the gift card, leaving $20 balance What about the remaining balance? $70 gift card balance available, but only $50 is applied as a discount If they place an order for less than the value of the gift card then they will only have to pay any shipping costs. $70 redeemed against the gift card, leaving a $0 balance Orders placed for less than the gift card value $70 gift card balance applied as a discount If they place an order for more than the value of the gift card, then they just need to pay the balance as normal during the checkout. Orders placed for more than the gift card value We fully manage the sync between Lightspeed and Gift Up! (with Gift Up! being the master record of balance), meaning if you reduce the balance in Gift Up! we'll reflect that in Lightspeed shortly after (usually within a couple of seconds) and if an order is placed using the gift card (actually a discount coupon) we'll deduct the balance in Gift Up! shortly after. The gift recipient (the only person who knows that code) can then come to your online store, or in-person if you use Lightspeed's POS, and place an order, using this discount code against any of the items you sell. When you sell a gift card in your Gift Up! checkout we will automatically create a discount matching the gift card balance in Lightspeed that matches the 5 character alpha-numeric code that we create. You can find the instructions here: How Gift Up! works with your Lightspeed eCom account You'll also need to add our checkout to a page on your website somewhere so you can sell gift cards. Head over to Integrations in the Gift Up! dashboard and locate the Lightspeed eCom card.Ĭlick connect and you'll be taken to the Lightspeed integrations store where you can install the Gift Up! Lightspeed app in your store. Connect Gift Up! to your Lightspeed eCom account Connect Gift Up! to your Lightspeed eCom store, and we will enable your Gift Up! gift card codes to be used during checkout.
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