Loyverse POS Review - why 4.8 stars?

Loyverse POS Review
ITQlick Score: 89/100
ITQlick Rating: (4.8/5)
Pricing: 2/10 - low cost
Category: Retail & POS -> Loyverse POS
Ranking:Ranked 22 out of 430 Retail & POS systems
Company: Loyverse
Pricing: starts at $5 per employee/month
Typical customers: Small businesses and start ups
Platforms: Desktop, Mobile, Cloud
Links: Loyverse POS pricing, Loyverse POS alternatives

Shlomi LaviShlomi Lavi / updated: Apr 01, 2022

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What is Loyverse POS and its features?

Loyverse POS is a cloud-based Retail and POS software designed with tools to help merchants worldwide manage their sales, inventories, employees, and customers. The software comes with features such as:
  • Point of Sale: Retailers can convert their smartphone or tablet into an easy-to-use point-of-sale system; generate printed or electronic receipts; apply for discounts and refunds, and continue to record transactions even when they are not connected to the internet.
  • Payments: Retailers can seamlessly accept any method of payment their customers want. It also helps them save time, ensure better accuracy and minimize errors.
  • Inventory Management: Retailers can monitor stock levels in real-time and get automatic low-stock notifications. They can also send orders to vendors and keep track of stock receipts.
  • Sales Analytics: Retailers can view their reports from any smartphone, tablet, or computer at any time and from any location. They can also see revenue, average sale, and profit, watch sales patterns and respond quickly to adjustments.
  • Employee Management: Retailers can effortlessly manage their employees and make good decisions. They may track staff sales and identify top performers.
Loyverse is a retail and POS software that started in 2014. The company is headquartered in Limassol, Cyprus. The company has a workforce of up to 10 employees.


What is Loyverse POS rating?

The rating of Loyverse POS is 4.8 stars out of 5 and the total score is 89 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses Loyverse POS?

The usual users of Loyverse POS are the ones engaging with small business (have employees from 1 to 100) and medium-sized business (have employees from 100 to 1,000) that fully employs the services offered from the restaurant management, IT, information and Data Processing, Hosting, and Related Services industry particularly with the retail and point of sales sector.

Is it easy to use?

Yes, Loyverse POS makes it fairly easy to use. This product is user friendly and intuitive.

Is Loyverse POS cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access Loyverse POS on your mobile/smart phone.

Is Loyverse POS the best Retail & POS system?

Loyverse POS is ranked 22 out of 430 software in their category (Retail & POS systems).

What are their main features and functionalities?

Loyverse POS helps users in selling products directly from iOS and Android gadgets. This platform comes with various core features such Cash Management, Printable Receipts, ability to Work Offline, Employee Management, Sales Analytics, Loyalty Program, Customer Communication,

Inventory Management, Payment Handling, Sales Tracking, Stock Management, System Security & Software Management, Multiple Payment Types, support for multiple languages, Purchase and Consumption Tracking, Dashboard App, Kitchen Printer, Multi Shop Management and many more

What are Loyverse POS's pros? (3 Pros)

  • Loyverse POS offers an essential, simple, and easy-to-use point of sale
  • The software offers inventory management that comes with alerts against low stocks
  • It offers a free POS that works well on Android devices and iPad

What are Loyverse POS's cons? (1 cons)

  • The software is not very comfortable to use with smartphones

Who are their main alternatives?

Loyverse POS competes with other retail and POS systems like Toast POS, Lightspeed Retail, and Heartland Retail.
  • Functionality: Loyverse POS offers features like CRM and Customer Loyalty, Multi-store Management, Integrations, Dashboards, Inventory Management, Discount Management, eCommerce Management, Electronic Signature, Employee Management, Inventory Management, Loyalty Cards, etc. Lightspeed Retail offers features like built-in Purchase Orders, Delivery, Loyalty (again Loyverse POS), Reorder Points, Insights, Customer Facing Display, Inventory Management (available in Loyverse POS), Customizable Menu, Built-in Multi-store Reports, etc. Heartland Retail offers features like Custom Fields, E-commerce Integrations, In-Store Mobile POS, Sales Rep Tracking, Gift cards, Promotions & Coupons, Real-time sales Dashboard, Real-time inventory (available in Lightspeed Retail and Loyverse POS), Custom reports, Barcode Labels, etc. Toast POS offers features like Tableside Service, Analytics & Reporting, Menu Management, Point of Sale (POS), Multi-Location, Order Management (available in Lightspeed), Activity Dashboard, Reporting & Analytics, Notifications, Inventory Management, Reporting & Statistics, etc.
  • Customers/Industries: Loyverse POS targets Grocery stores, Café, Restaurants, Retail, Bars & Boutiques. Loyverse POS has customers like Café Ddobagiyuns, Furniture Revolution, Go Healthy, Maj, Stop and Shop Convenience store, etc. Lightspeed Retail targets retail businesses, restaurants, and Golf. They have customers such as SONY, NOBU, KemperSport, Badichi, Leica, Exclucity, Simply For Life, Five Guys, Gongfu, Tinc Set, MR63, Gladstone, etc. Toast POS targets Fine Dining, Casual Dining, Fast Casual, Bar & nightclubs, Café & Bakeries, Enterprise, Food Trucks, Pizza, etc. Heartland Retail targets multiple channels and store retail businesses like Home & Lifestyle, Apparel & Fashion, Health & Beauty, etc. Retail brands such as Scout and Mollys Boutique, Rainbow Sandals, and NIC+ZOE use Heartland.
  • Cost: The license cost information for Loyverse POS is free, although add-ons start at $5 per month per employee. Toast POS starts at $165 per month. The license cost information for Lightspeed Retail is unavailable. Heartland Retail starts at $80 per selling station per month. They offer a free trial.
  • Cloud-based/On-premise: Loyverse POS and all its alternatives are cloud-based. Toast POS has an On-Premise version for Windows and Linux.
  • Popularity: Loyverse POS is privately held with over 1,000,000 businesses and recognized in 170+ countries. Toast is privately held with over 40,000 restaurants. Lightspeed is publicly traded on the TSX and NYSE under the LSPD symbol with 150,000+ customer locations in 100+ countries worldwide. Heartland Retail is a subsidiary of Global Payment and is publicly traded on the NYSE under the GPN symbol.
  • Scalability: Loyverse POS can accommodate small to midsize businesses Lightspeed Retail can accommodate pre-revenue startups and small businesses. Heartland Retail can accommodate multi-store and multi-channel retailers, while Toast POS can accommodate businesses of all sizes.
  • Support: Loyverse POS offers support channels like Email/Help Desk, FAQs/Forum, Knowledge Base, 24/7 (Live Rep), and Chat. Lightspeed offers an Email/Help Desk, Knowledge Base, Phone Support, 24/7 (Live Rep), and Chat. Toast POS offers all support channels of Lightspeed except Chat. Toast POS also offers FAQs/Forum, which is unavailable in Lightspeed. Heartland Retail offers an Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, and Chat.

What is the cost of Loyverse POS?

Loyverse POS offers free plans such as Point of Sale, Dashboard, Kitchen Display, and Customer Display. However, Add-ons (optional) such as Employee Management starts at $5 per month per employee and $50 per year. Advanced Inventory starts at $25 per month per store and $250 per year. Integrations start at $9 per month per store and $90 per year.

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 2 out of 10 (10 is most expensive). You can fine here the REAL total cost breakdown for Loyverse POS. You can also find here pricing information from Loyverse POS's website.

What should you ask Loyverse during a demo session? (65 questions)

Schedule a demo with Loyverse POS and access 65 must ask questions for the vendor while watching Loyverse POS in action.

Where Loyverse POS is used?

Retailers looking for a point of sale system that allows bars, restaurants, retail stores, cafés, and other businesses to check stock levels, print barcode labels, issue receipts, visualize sales metrics, and more will find Loyverse POS helpful. Just1swap, Rankings Springs General Store, Ziryab Restaurant, Chadi Okais Melt, Café Spill the Beans, Renaldo Cartwright, Cycling Bike Shop, and more businesses use Loyverse POS.

List of categories

Document Management
Calendar
Contact management
Legal Document Management
Legal Management
Task Management
Time Tracking
Bakery POS
Convenience Store POS
Food Delivery POS
Grocery POS
POS for Bars

List of features

User Access Controls
CRM
Retail & POS
Point of sale
Inventory Management
Barcode Scanning

Loyverse POS Vs. Alternatives

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Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.