Lightspeed vs Loyverse

Founded in 2005 in Montreal, Quebec, Lightspeed POS is a cloud-based platform that provides tailored solutions for retail, restaurant, golf, and e-commerce businesses of all sizes. They offer a unified platform that helps businesses operate day-to-day tasks and reach their potential. They have served over 168,000 small to medium-sized businesses in more than 100 countries worldwide. They offer software and hardware tools for in-person sales and e-commerce, as well as inventory management, team management, supplier management, and store location management. They also offer 24/7 support, real-time analytics, and reporting capabilities to help businesses run more efficiently. Additionally, they offer marketing tools, third-party integrations, and API access. Lightspeed takes data security seriously and maintains compliance with Payment Card Industry Data Security Standards through a team of IT security experts. They use PCI-compliant third-party providers for transactions and undergo annual assessments and audits for SOC 2 Type 2 compliance to keep their network monitored and safe. Lightspeed is well-regarded by peers and clients, with high review scores on Trustpilot and industry leader lists. However, they are not BBB-accredited and have an F rating. 

Loyverse provides point-of-sale systems for different businesses, focusing on restaurants, cafes, bars, convenience stores, retail, clothing, and accessories. They are located in Limassol, Cyprus, and have been operating since 2014. Over the years, the POS has undergone several upgrades to make it more adaptable and scalable. Services include inventory management, employee management, sales analytics, tax per item, credit card payments, and loyalty program systems. The KDS (Kitchen Display) feature makes this POS suitable for restaurants, cafes, and bars. It streamlines the order process from the dining room to the kitchen. Their free version has all the essential features every business needs, from stock to sales management. Many user reviews show that many businesses started with the free version, especially startups and small businesses. Loyverse helps keep operating costs low while offering tools to manage business operations quickly and accurately. Their scalability features are in the add-ons and subscription plans. Businesses that want to upgrade can complete the transaction online. Each add-on has a 14-day free trial period; you don’t need your card details to access this service.