Summary

Plooto is a payment automation platform primarily focused on accounts payable and accounts receivable for businesses and accounting firms. It streamlines payment workflows, offers international payments, and integrates with popular accounting software like QuickBooks, Xero, and NetSuite to automate reconciliation and improve cash flow management.

Features
11/15
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Must Have

3 of 5

Transparent Low Fees

Multi-Currency Account

Fast Transfer Execution

Mid-Market Exchange Rate Transfers

Borderless Debit Card

Other

8 of 10

Batch Payments

API Integration

Business Account Features

Invoice Creation

Mobile App

Regulatory Compliance

Multi-User Access

Customer Support

Real-Time Rate Alerts

Spending Analytics

Pricing
Tiered
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Go

$9.00 monthly
  • Streamline invoice processing with Plooto Capture (OCR)
  • Set basic approval workflows with 1 designated approver
  • Invite and collaborate with an unlimited number of clients and users
  • Conduct up to 5 domestic transactions per month from 1 connected bank account
  • Use your commercial credit card to pay vendors via ACH, EFT, or cheque with Pay by Card
  • Send international payments with competitive exchange rates
  • Accept payments with Pre-Authorized Debits (PAD) and credit card
  • Automatic two-way sync with QuickBooks Online and Xero
  • Limited to 5 domestic transactions per month
  • Only 1 connected bank account
  • Domestic EFT and EMT payments $1
  • ACH payments $1
  • Cross-border payments $19
  • Paper cheques $12
  • CRA payments $5
  • CRA transaction limit $25,000
  • Domestic and ACH transaction limit $5,000
  • Pay by Card 2.9%
  • Pay by Card transaction limit $10,000
  • 1 Approval rule and workflow
  • 1 Designated approver per rule

Grow

$32.00 monthly
  • Streamline invoice processing with Plooto Capture (OCR)
  • Set custom approval workflows with multiple rules and unlimited approvers
  • Connect and transact from an unlimited number of bank accounts
  • Conduct unlimited domestic transactions per month
  • Use your commercial credit card to pay vendors via ACH, EFT, or cheque with Pay by Card
  • Send international payments with competitive exchange rates
  • Accept payments with Pre-Authorized Debits (PAD) and credit card
  • Save on transactions with optional payment packages
  • Automatic two-way sync with QuickBooks Online and Xero
  • Domestic EFT and EMT payments $0.50
  • ACH payments $0.50
  • Cross-border payments $10
  • Paper cheques $6
  • CRA payments $3
  • CRA transaction limit $25,000
  • Pay by Card 2.9%
  • Pay by Card transaction limit $10,000

Pro

$99.00 monthly
  • Everything on Grow, plus:
  • Set controls on who can make changes to payment methods
  • Manage user access with single sign-on (SSO)
  • Access priority customer support
  • Set controls on who can make changes to approval rules
  • Automatically sync with Oracle NetSuite (available as an additional add-on)
  • Automatic two-way sync with QuickBooks Online and Xero
  • Domestic EFT and EMT payments $0.50
  • ACH payments $0.50
  • Cross-border payments $10
  • Paper cheques $4
  • CRA payments $3
  • CRA transaction limit $100,000
  • Pay by Card 2.9%
  • Pay by Card transaction limit $10,000
Rationale

Plooto offers international payments with competitive exchange rates and transparent fees, aligning with the 'transparent-low-fees' feature. While they mention 'competitive exchange rates', they do not explicitly state 'mid-market exchange rate transfers' as a core value proposition. They emphasize fast payments and offer features like batch payments, API integrations (through accounting software syncs), and robust business account features including multi-user access and approval workflows. They also provide customer support and highlight their security measures, indicating regulatory compliance. However, they do not offer a multi-currency account or a borderless debit card, which are key 'must-have' features for Wise.