Plooto Review

Plooto can support small and medium-sized businesses with every aspect of accounts payable and accounts receivable. Designed to work with Xero and Quickbooks, thousands of companies have adopted Plooto to streamline their accounting. It can be a helpful tool for online payments to an international workforce since Plooto makes money transfers simple and efficient. Plooto allows you to send and receive transfers in the US, Canada and more than 30 other countries worldwide.

Pros and Cons of Plooto

Transferring funds electronically has become the norm for business. But that does bring with it some pitfalls you need to be aware of. Let’s take a look at the pros and cons of choosing Plooto.



What Does Plooto Offer?

In addition to the accounts payable and receivable services offered by Plooto, they offer a simple money transfer process. Email money transfers work very similarly to those available from some banks.

Payments sent through Plooto are part of the EFT/ACH payments network. Outside of Canada or the US, payments are sent as international wire transfers. There is also the possibility of having payments made via a paper check that’s sent by mail. Finally, you can enter the bank account information for your contact and send money directly to their account. The receiver doesn’t have to do anything to get these funds.

What to Expect on the Site

When you head to the Plooto site, you’ll start by making an account to sign up. You can choose a 30-day free trial at this point. Unlike some sites, you don’t need to have a credit card on file to do this, either.

When you choose the option of transferring money, you’ll be given three choices to make this happen.

Email Money Transfer: This is a fast and secure method for payments. However, the person you’re sending money to will need to have the right information on their end to make it work. First, you will need to include some key pieces of information.

When sending money through an email transfer, your contact will need to know the answer to your security question. If they can’t verify the answer you entered when you set up the transfer, the money will not be sent. You will need to contact your recipient and tell them the answer to the question ahead of time. This step ensures the security of the transfer.

Once the question has been correctly answered, the funds will be deposited in the recipient’s account.

Bank Account Information: If you choose to enter bank account information you will be asked for several pieces of information.

The funds will be transferred and deposited automatically in this case.

Mailed Check: If you choose to go with having a paper check mailed to your recipient, you’ll need to fill out the following information.

These checks are the same kind you’d get from any business and will need to be deposited at the bank. The recipient’s bank will determine how long (if at all) they’ll need to hold the check before it clears.


The fees associated with using Plooto depend on which services you choose. Initially you can sign up for a 30-day free trial to test it out and see if it’s right for you.

After 30 days, Plooto charges a $25 monthly fee for use of all of its products and services. For electronic payments, the first 10 every month are free of charge. After that they cost a flat rate of 50 cents per transaction.

If you opt to send out paper checks there is a fee of $1.99. This is per mailed check but covers all associated fees. That means any printing and processing as well as postage for mailing it out.

If you are doing international transactions there is a fee of $9.99 per transaction. This covers both electronic transfers as well as international mailed checks.

What People Are Saying About Plooto

Plooto features an A+ rating from the Better Business Bureau. Over on TrustPilot, Plooto has an excellent rating, scoring 4.3 out of 5. Reviews across the board are overwhelmingly positive and cite the ease of use and setup. Because of its integration with Quickbooks, many small business owners have also found Plooto to be an extremely beneficial service.

The Bottom Line

Setting up email transfers takes only moments and both parties can finish a transaction in just a few minutes. For more frequent payments setting up direct deposits with banking information can also be simple. The Plooto network covers hundreds of well-known companies and their payment methods have proven to be safe and secure.

If you are looking to make frequent money transfers and want something faster than traditional banks, Plooto could be the answer. Particularly for international transfers, the process is very simple and easy to manage.