Compare LightSpeed and RetailMagic - Mar 2022

Shlomi LaviShlomi Lavi / Mar 10, 2022

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Bottom Line: Which is Better - LightSpeed or RetailMagic?

RetailMagic is more expensive to implement (TCO) than LightSpeed, and LightSpeed is rated higher (93/100) than RetailMagic (77/100). LightSpeed offers users more features (20) than RetailMagic (6). There is a clear winner in this case and it is LightSpeed!

Looking for the right Point of sale solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

LightSpeed Vs. Schieck Financial Software

LightSpeed: LightSpeed, a leading technology company that is reinventing the retail experience for iGeneration shoppers, today announced the closing of a US$30 million investment from Accel Partners. We produce the most compelling retail business solution on any platform and help retailers attain their business aspirations. We are seeking out talented profes...

Schieck Financial Software: RetailMagic has everything you want at a price you’ll love. RetailMagic is an easy to use and fully integrated POS, inventory, and accounting system for small to medium sized businesses.

Who is more expensive? LightSpeed or RetailMagic?

The real total cost of ownership (TCO) of Point of sale software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for LightSpeed and RetailMagic.

LightSpeed price starts at $69 per month , On a scale between 1 to 10 LightSpeed is rated 2, which is much lower than the average cost of Point of sale software. RetailMagic price starts at $50 per month , When comparing RetailMagic to its competitors, the software is rated 2 - much lower than the average Point of sale software cost.

Bottom line: LightSpeed cost is around the same cost of RetailMagic.

Which software includes more/better features?

We've compared LightSpeed Vs. RetailMagic based on some of the most important and required Point of sale features.

LightSpeed: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Customer Database, Email Marketing, Bar Code Scanning, Credit Card Processing, Discounts, Gift Cards, Mobile POS Capability, Print Receipt.

RetailMagic: Data Analysis Tools, Email Marketing, Reporting, Retail & POS, Point of sale.

Target customer size

LightSpeed is an ideal product for all retail businesses of small and medium size. and RetailMagic's target customer size include: Small businesses and start ups.



LightSpeed

ITQlick rating
(4.2/5)

starts at $69 per month

LightSpeed software is a point of sale solution that helps retailers run their businesses. The solution has a number of capabilities that include merchant services that manage all transactions from one place an...

Categories: CRM, Inventory Management, Bookstore POS, Cell Phone Store POS.

RetailMagic

ITQlick rating
(4/5)

starts at $50 per month

RetailMagic is an award-winning cloud-based Retail-POS software, it is designed to support small and medium size business. RetailMagic received a rating of 4 from ITQlick team. The software cost is considered a...

Categories: Data Analysis Tools, Email Marketing, Barcode Scanning, Project Reporting, Retail & POS.

Compare specifications

Compare features

LightSpeed: 20 Features

Customer Database
Email Marketing
Bar Code Scanning
Credit Card Processing
Discounts
Gift Cards
Mobile POS Capability
Print Receipt
Receipt Notes
Refunds
Returns
Revenue Totals
Shipping/Delivery Setup
Accounting Integration
Barcode Integration
Inventory Optimization
Purchasing
RFID Integration
Traceability
Vendor Managed Inventory

RetailMagic: 6 Features

Data Analysis Tools
Email Marketing
Reporting
Retail & POS
Point of sale
Barcode Scanning
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
LightSpeed
ITQlick rating
4.2/5
Score
93/100
Pricing
2.6/10
License pricing
$69 per month
Functionality
44
Compare
RetailMagic
ITQlick rating
4/5
Score
77/100
Pricing
3.2/10
License pricing
$50 per month
Functionality
16
Toast PO...
ITQlick rating
4.3/5
Score
98/100
Pricing
2.8/10
License pricing
$165 per month
Functionality
10
Clover
ITQlick rating
3.7/5
Score
91/100
Pricing
6/10
License pricing
$9.95 per month
Functionality
5
Review
PHP Poin...
ITQlick rating
4.7/5
Score
91/100
Pricing
2.8/10
License pricing
$28.25 per month
Functionality
19

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.