Adding foreign currencies is useful for businesses located in countries where cross-border transactions are common. For example, since Switzerland borders France, some businesses will accept Euros in addition to Swiss Francs.

The default currency for your POS device varies according to your business location. For example, if your business is in the United States, then your POS device accepts US Dollar (USD).

To view the currencies used on your POS devices, log in to the Back Office and go to Payment > Currencies.

Managing foreign currencies

To add foreign currencies to your account, you will need to contact Support. Once the change has been made, Support will reach out letting you know the foreign currency has successfully been added to your account. You can then manage the currency from the Back Office.

1. Log in to the Back Office with your Lightspeed Restaurant credentials.
2. From the navigation menu, select Payment > Currencies.
3. Verify that the foreign currency appears on your account.
4. Click the name of the foreign currency to bring up the Edit currency window.
5. Enter the exchange rate between your currency and the foreign currency.
6. (Optional) Check the box for Give change in base currency.

   

7. Click Save.
8. (Optional) Repeat steps 4-7 for any other foreign currencies you use.

Foreign currencies in the Back Office can be edited at any time, such as when the exchange rate changes. Once you've set up a foreign currency in the Back Office, you will need to also set it up as a new payment method.

1. From the navigation menu, select Payment > Payment methods.
2. Click Add payment method.
3. Select Cash in foreign currency as the payment method.
4. Name the payment method according to the currency. For example, if you’re adding British pounds, then the payment method should be named GBP.
5. Give the foreign currency a unique identifying code.
6. (Optional) If using a third-party accounting integration, enter your accounting reference.
7. Select the Foreign currency code of the foreign currency you’d like to add. For example, if you’re adding British pounds, then select GBP.

   

8. Click Save to finish setting up the foreign currency as a payment method.

Payment methods cannot be deleted, but can be edited once created. Click the name of the payment method in Payment > Payment methods to add to or edit its information.

Processing payments in foreign currencies

Once the foreign currency has been set up in the Back Office and as a payment method, you can start processing payments in that currency.

1. Open the Lightspeed Restaurant (K Series) POS app.
2. Process payment for an order.
3. Select the foreign currency as the payment method.

   

4. Complete the sale as usual.

Once the payment is processed, the receipt will reflect both the local and foreign currencies.