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| Term | Detail |
|---|---|
| Initial term | Quote onlyLightspeed (opens in a new tab) · Contract or terms · The initial term is set in your order form. Merchant Maverick (Dec 2025) reports monthly, yearly and custom terms; no standard length is published. |
| Automatic renewal | Quote onlyLightspeed (opens in a new tab) · Contract or terms · Renews automatically for a period equal to your initial term. |
| Notice to avoid renewal | 90 daysLightspeed (opens in a new tab) · Contract or terms · For terms of 90 days or less, the notice equals the length of the term. |
| Early termination fee (ETF) | The sum of unpaid one-time fees, the recurring fees left in the current term, and the difference between list price and any discount you received on software or hardware (§13.5).Lightspeed (opens in a new tab) · Contract or terms · |
| How the ETF is calculated | 100% of the remaining monthly software fees for each month left in the term. |
| Exclusive processing commitment in the contract | YesLightspeed (opens in a new tab) · Contract or terms · Exclusive by default; another processor needs written approval and a monthly fee. |
| Right to raise prices | Lightspeed may change fees and products with 30 days' written notice (§20.8). A renewal is billed at the then-current prices, and discounts from your first order form don't carry over (§5.2).Lightspeed (opens in a new tab) · Contract or terms · |
| Trial period | N/ALightspeed (opens in a new tab) · Contract or terms · ()No trial is published for the restaurant POS. |
This is general information about published contracts, not legal advice: read your own contract and check with a lawyer before you sign.