Loyverse (a mashup of “loyalty” and “universe”) is a POS software and loyalty program company. Loyverse promotes itself as a free POS solution, though it’s important to note that there may still be costs associated, such as for purchasing equipment or processing credit card transactions.
The company offers a short intro video:
Let’s take a closer look at the features, required equipment, and pricing for Loyverse.
Loyverse POS software includes basic point of sale features, categorized by sales functions, back office functions, and kitchen functions. You’ll also have the option of displaying purchase information to your customers at the point of sale. Loyverse will list every item with any relevant details, such as taxes, discounts or coupons, and loyalty points. Customers can also see the amount paid and the change due.
On the sales side, you’ll have the ability to conduct sales, set up and track customer loyalty programs, and send electronic receipts to customers. The dashboard app for your smartphone lets you see sales data and inventory at any time.
Back Office Functions
With back office features, you’ll be able to view reports to identify your best sellers, see transaction history, manage inventory, and set employee permissions. When you add inventory, you can include descriptions and images and group items into categories.
Loyverse allows you to manage multiple stores from one account for easy reconciliation and planning. If you set up the dashboard app, you can compare the current day’s sales to previous time periods, view inventory levels, and set up notifications to be alerted when products are running low so that you can reorder in time.
Loyverse’s kitchen functions keep everything running smoothly in your restaurant. Kitchen staff can see all open orders at once, with wait time indicated by different colors. When new orders come in, a sound can alert kitchen staff. Additionally, completed orders can be reopened if necessary.
Loyverse also supports item modifiers, a crucial feature for food industry POS systems. Staff can customize an existing meal by modifying sauces, toppings, and other ingredients to accommodate diners’ requests.
Loyverse integrates the Loyalty Ocean app into the point of sale system for a seamless customer loyalty program. Your customers can sign up and install the Loyalty Ocean app on their phones to participate. You can award loyalty points for every purchase and send notifications to run special offers targeted to your loyalty customers.
Hardware and Accessories
Loyverse software works on Android and Apple smartphones or tablets. You can also connect optional accessories, including receipt printers, barcode scanners, and cash drawers.
As mentioned above, Loyverse software is free. You’ll download the program from the Google Play store (for Android devices) or the App Store (for Apple devices) to use on compatible equipment. If you need to purchase a device on which to run Loyverse, you’ll be responsible for that cost.
If you choose to accept credit cards, you’ll incur fees for that.
Credit Card Processing
Loyverse integrates with Vantiv for credit card processing through the POS system. If you don’t want to work with Vantiv, you can use other processors but the payments won’t be integrated with your POS system. If you choose a non-integrated option, you’ll either need to run separate credit card sales reports or enter the data into the POS system.
Loyverse does not set the pricing for your credit card transactions. The credit card processor you work with will set those prices. You can get quotes for processing right here at CardFellow using our free quote comparison tool.
|Product Category||POS Systems|
|Features||Tableside Ordering, Gift cards and customer loyalty tracking, Inventory management, Sales reports, iPad-Based System, Android-Based System, Bar Code Scanners, Card Readers, Cash Drawers, Receipt Printers, Customer Displays, Kitchen Printers & Monitors|
Review posted: 11/22/17
Title: Free POS software
Loyverse software is free to download, though you’ll still need to purchase equipment (like a tablet) to run it on. Also, credit card processing costs are separate.