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Software · head to head

Inventory Lab vs Square

Inventory Lab logo

Inventory Lab

Software

FBA inventory management made simple

From
$29/month
Rated
-
Full reviewWebsite
Square logo

Square

Software

Powering the economy

From
Free
Rated
-
Full reviewWebsite

The short version

  • Only Square has a free tier, so it costs nothing to try first.
  • Each has a real cost: Inventory Lab inventoryLab is no longer sold standalone and is now bundled into Three Colts' Seller 365 plans starting at $69 per month for a single user, rising to $199 per month for the Pro tier; Square plus plan pricing not specified in documentation
  • They diverge on capability: Inventory Lab covers FBA inventory tracking, Square covers Payment processing.

Where they differ

Only the attributes on which Inventory Lab and Square actually diverge.

Attributes where Inventory Lab and Square differ
AttributeInventory LabSquare
Starting price$29/monthFree
Pricing modelsubscriptionfreemium
Free tierNoYes
PlatformsWebPOS (Mobile app), Web
Founded20112009

Identical on both: user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Inventory Lab

  • FBA inventory tracking
  • Repricing automation
  • Price monitoring
  • Sales analytics
  • Profit calculations
  • Supplier management
  • Alerts and notifications
  • Forecasting tools

Only in Square

  • Payment processing
  • Point of sale
  • Invoicing
  • Payroll
  • Banking
  • QuickBooks
  • WooCommerce
  • Wix

What people use each for

The jobs each tool is most often brought in to do.

Inventory Lab

  • Amazon and Walmart reseller inventory, listing and profit tracking as part of Seller 365not Square

Square

  • Accept payments with all-in-one POS applicationnot Inventory Lab
  • Online ordering and basic website creationnot Inventory Lab
  • Invoicing and appointment bookingnot Inventory Lab
  • Staff scheduling and loyalty programmesnot Inventory Lab

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Inventory Lab

  • InventoryLab is no longer sold standalone and is now bundled into Three Colts' Seller 365 plans starting at $69 per month for a single user, rising to $199 per month for the Pro tier
  • Multichannel listing requires the separate UniCon add-on, priced from $49 to $449 per month depending on tier

Square

  • Plus plan pricing not specified in documentation
  • Processing fees differ by tier but exact rates not detailed
  • Free plan pricing mentioned but specific features for Plus unclear
  • Text marketing charged at 3¢ per message after first 500 included

Pricing, plan by plan

Inventory Lab

$29/month
  • Essentials$29/month
    • Inventory management
    • Price monitoring
    • Email alerts
  • Pro$99/month
    • All Essentials features
    • Automated repricing
    • Advanced analytics

Square

Free

No published plan breakdown. See the Square review.

Which should you pick?

Choose Inventory Lab if

  • You need fba inventory tracking.
  • You also want repricing automation.
Inventory Lab review

Choose Square if

  • You need payment processing.
  • You want to start without paying.
  • You work on POS (Mobile app), Web.
  • You also want point of sale.
Square review

Questions people ask

Is Inventory Lab or Square better?
Neither clearly leads. Inventory Lab starts at $29/month and Square at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Inventory Lab or Square?
Square has a free tier; the other does not. Paid plans start at $29/month for Inventory Lab and Free for Square.
Does Inventory Lab or Square run on more platforms?
Inventory Lab runs on Web. Square runs on POS (Mobile app), Web.
Can I use Square for free?
Yes. Square has a free tier, so you can try it without paying. Inventory Lab starts at $29/month.
What is Inventory Lab best used for?
Inventory Lab is most often used for amazon and walmart reseller inventory, listing and profit tracking as part of seller 365. Of those, amazon and walmart reseller inventory, listing and profit tracking as part of seller 365 is not what Square is typically brought in for.
What can Inventory Lab do that Square cannot?
Inventory Lab covers FBA inventory tracking, Repricing automation, Price monitoring, Sales analytics. Square covers Payment processing, Point of sale, Invoicing, Payroll.
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