Loyverse VS Square POS Comparison 2024
Trying to choose between Loyverse and Square for your POS system? Compare both choices before you make your final decision.
Loyverse and Square are two of our best free POS systems since both offer free in-person POS software and inventory management.
However, Loyverse offers a free loyalty program and kitchen display screens, while Square offers free online ordering, free appointment scheduling and invoicing, and free employee management.
Our Loyverse VS Square POS comparison covers pricing, features, and user review differences to help you decide the best POS system for your business.
Loyverse and Square offer free POS apps on Apple/Android devices. Loyverse offers a free loyalty program. Square offers an online ordering platform, team management, gift card sales, and inventory management for free. Square offers proprietary payment processing and POS hardware, and Loyverse does not.
Table of Contents
Loyverse VS Square At A Glance
Loyverse POS | Square POS | |
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Ideal For | Very small retail and restaurant businesses operating in-person only | Small to midsize retail, restaurant, & service businesses operating in-person and/or online |
Pricing | Base Pricing: $0 Payment Processing: Third-party payment processing required |
Base Pricing: $0-$60/location/month Payment Processing: 2.5%-2.9% + $0.10-$0.30 |
Hardware Options |
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Standout Features |
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What’s Missing |
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Where Loyverse Wins
- Loverse has a free loyalty program builder that is built into its POS software that is robust and incredibly easy to use
- Keeping with the theme, Loyverse also offers free kitchen display systems to help with back-end functionality
- Loverse’s commitment to keeping its product affordable is really impressive, including a forever-free POS software download
Where Loyverse Falls Short
- Loverse isn’t the best option if you’re looking to set up eCommerce selling as it does not come with a built-in online store.
- While Loyverse’s free plan is still generous in terms of features, it does not come with advanced employee management and instead offers it as an add-on.
- The same goes for advanced inventory. You will have to purchase that as an add-on as well although Loyverse’s free plan does have some basic inventory.
Where Square Wins
- Square has a free online ordering system and a free online store that is easy to set up and gives you a completely free eCommerce platform.
- Square is a highly scaleable product so if your business expands, you can upgrade to Square For Retail, Square Appointments or Square For Restaurants
- Square’s proprietary hardware options are excellent, giving you affordable options for mobile or countertop card processors.
Where Square Falls Short
- Square isn’t always ideal for high-risk merchants as it has occasional issues with fund holds.
- While Square’s loyalty program is solid, it does cost extra to utilize it.
- Square’s customer service for its free plan is not 24/7 and it can sometimes be difficult to track down a live person if you don’t have a paid plan.
Loyverse VS Square Pricing Comparison
Loyverse POS | Square POS | |
---|---|---|
Point Of Sale | $0 | $0-$60/location/month |
Online Store | Not available | $0-$79/month (billed annually) |
Payment Processing | Requires third-party payment processor | In person: 2.5%-2.6% + $0.10 Online: 2.6%-2.9% + $0.30 Invoicing: 2.9%-3.3% + $0.30 |
POS Hardware | Card Reader: $49-$499 POS Register: $511-$789 |
Card Reader: $49-$69 POS Register: $799 |
Gift Cards | Not available | $0 |
Loyalty Program | $0 | $45-$105/month/location |
Employee Management | $25/month/location | $0-$35/month/location |
Kitchen Display System | $0 | $20/month/device (free with Square Plus plan) |
Appointment Booking | Not available | $0-$69/month/location |
Chargeback Fee | Depends on payment processor | $0 |
Contract Length | Monthly | Monthly |
Early Termination Fee | None | None |
Both Loyverse and Square offer completely free in-person POS software. However, Loyverse offers add-ons like employee management and advanced inventory management for a monthly subscription price, while Square offers both free and paid POS packages for businesses in several industries.
Square offers free online ordering for retail, restaurant, and service-based business owners, while Loyverse charges a monthly fee for you to integrate your website with your POS system. This cost is on top of the subscription price you pay your web platform provider (WooCommerce, BigCommerce, etc.)
You also get transparent flat-rate payment processing fees with a monthly Square account. Loyverse does not offer in-house payment processing, so you’ll have to work with a third-party payment processor with its own fee structure and contract requirements.
Loyverse VS Square Features Comparison
Loyverse POS | Square POS | |
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Industry-specific POS apps | ||
Receipts | Print, email | Print, email, text |
Inventory Management | Good with paid add-on | Good |
eCommerce Site | Third-party integration only | Free |
Third-Party Ordering Platform Management | Need integration | Built-in and third-party integrations available |
Kitchen Display System | Free | Paid |
Table Management | ||
Appointment Scheduling | ||
Invoicing | ||
Marketing Features | Loyalty program | Loyalty, text marketing, email marketing, Google review management |
Third-Party Software Integrations | 29 | 300+ |
Payment Processing | Third-party payment processors only | In-house payment processing only |
Customer Support | Chat bot | Phone, live chat |
Let’s take a closer look at the most important features and compare the two.
Square VS Loyverse: The Final Verdict
Square and Loyverse are both great options for new small businesses with very low budgets. When it comes to Loyverse vs Square, the deciding factors come down to whether you plan on expanding your business and what kind of tools you’ll need to run your business.
Here are some general guidelines to consider when choosing between Square and Loyverse.
Choose Square POS If:
- You want a free online ordering platform, appointment scheduler, and/or invoicing software
- You plan on expanding your business to manage multiple employees, locations, marketing campaigns, gift card sales, etc.
- You want simple transparent payment processing fees and sleek POS hardware
- You want to integrate your POS system with tools like the best accounting software for small businesses
Choose Loyverse POS If:
- You want simple in-person POS software that includes a free loyalty program
- You want to choose your own payment processor and POS hardware
- You do not plan on expanding to offer online ordering or gift card sales
If, after reading this comparison, you’re still not sure whether Loyverse or Square is right for you, there are other options. Look into these best POS systems for small businesses to continue your research and make your final choice.