Plooto Pricing Packages: What’s Included in Its Plan?

How much does Plooto cost?
Plooto costs $25 per month, plus applicable transaction fees. These include $0.50 per domestic electronic payment, $9.99 per international payment, $1.99 per mailed check payment, and $3 per CRA (Canada). Terms and conditions apply.

Bank charges and wire transfer fees seem harmless per transaction until you realize they’re bleeding you money over the months and years. Money that could have otherwise been put to operational use.

A good option is to get an accounts payable software and accounts receivable software like Plooto that promises to cut into these derivative costs every time you send or receive payment.

While Plooto claims to cut your transactional fees by 90%, hold your horses. This is true if you’re relying heavily on wire transfers or that you’re subscribed to an expensive accounting or an ERP system with hidden costs

Nevertheless, Plooto is undeniably a cost-effective solution, as you’ll discover below. Its pricing is designed in a way that minimizes your non-operating expense. In this guide, we will break down Plooto pricing into its parts so you can gauge better how much this app will cost beyond the fixed monthly fee.

plooto pricing plan

Accounts payables (AP) isn’t a simple as paying up. Businesses without a systematic approach to AP will easily find themselves doing investigative work once they start receiving invoices from suppliers. Imagine getting 20 invoices for 20 different projects all at once. Your instinct is to get down to cross-checking purchase orders and interviewing busy people from the other departments right away. There lies the rub.

Time and money are wasted. Time because your staff could be doing a more important task. Money, well, how many times did we come across companies faced with overpayments, unauthorized payments, or missed payments? According to, an inefficient payment process is one of the top six common AP issues faced by small and medium businesses. Similarly, improving cash flow–a good AP process can address this–is one of the common issues faced by US small businesses. 

Source: SMB-GR.COM

The same is true for accounts receivables (AR). In a survey of finance professionals, Paystream Advisors reported that increasing AR staff productivity is one of the top three challenges in AR.

The good news is, technology can address these problems. With automation, which is one of the accounting trends to watch out for, the approval process is streamlined and made transparent. Collection is fast-tracked, thanks to timely alerts. Overall, a good accounts payable or accounts receivable software will significantly improve the way you do business. 

Overview of Plooto

plooto dashboard

Plooto is a cloud-hosted accounts receivable and accounts payable software that automates your bill payments, approval process, and invoices. Designed for small business owners, the software is also ideal for accountants and bookkeepers. 

It is so simple to use that you only need three steps to send and collect payments: add a contact, send/request payment, and let Plooto manage the process. 

Detailed Plooto Review

You can simplify the AP process by importing data from your accounting software, setting up a one-click approval, and linking your bank account to Plooto’s electronic payment system. After a payment is made, the software automatically reconciles invoicing while you’re given a complete audit trail of the whole process.

You can make the following payments with the software:

  • Next-day payments (Plooto Instant)
  • Cross-border payments
  • Pre-Authorized debits
  • International payments
  • EFT/ACH payments

On the other hand, the AR process is streamlined with quick invoice import from your accounting software, recurring payments, pre-authorized debits, and one-off payments. Two-way sync with your accounting software means invoice reconciliation is automated. You can also get paid via credit card or debit.

The software integrates with QuickBooks, Xero, and other accounting solutions. While Plooto has no native iOS or Android app, it can be easily accessed via a mobile browser.

Key Features of Plooto

  • AR/AP automation
  • Online payments
  • Electronic payments
  • Automated workflows
  • QuickBooks, Xero integration
  • Smart integrations
  • ISO/IEC certified and 256-bit encryption
  • Live phone and chat support

Plooto Pricing Package

Plooto pricing combines fixed and transactional models. There are no setup fees, and the vendor offers a one-month free trial with ten free domestic transactions. Below, you’ll see how Plooto is bundled in general. Your actual cost will depend on your number of transactions.

Monthly License Fee

You are charged with a $25 per month flat fee typical of SaaS pricing. This is regardless of the number of users and customers. However, the license is limited to a single business. If you plan to use Plooto for several of your companies, you will be charged as per the number of your businesses. 

What’s included in one license fee?

  • Unlimited users & approvers
  • Advanced AP, AR & payment management
  • Free collaboration with accountants & bookkeepers
  • Unlimited bank connections
  • Free integration with QuickBooks & Xero
plooto payable dashboard

Plooto’s payables dashboard is as simple as it gets.

Transactional fees

Plooto also charges fees per transaction. The fees–we’d imagine the vendor’s main revenue stream–are divided into three types with the rates as follow:

  • Domestic electronic payments (receivables included) – $0.50 per transaction
  • Mailed check payment (printing, handling, postage c/o vendor) – $1.99
  • International payments – $9.99 per transaction
  • Payments to CRA (Canada users only) – $3.00 each

The Good News

The good news is, you get 10 free domestic electronic payments during the first month, which is your free trial period. Likewise, each month, you earn free transaction credits, although how much is undisclosed by the vendor.

Arguably, the transactional fees are low compared to payment gateways and wire transfers. The vendor even claims that you can save up to 90% on fees, compared with competitors that charge setup and per-user fees. This isn’t always the case, of course, because there are other low-cost accounts payable software and accounts receivable software.

But we recommend you do a comparative study with Plooto versus your current payment process and see if Plooto is the wiser choice.

plooto receivables dashboard

The same can be said of Plooto’s receivables dashboard.

Additional costs you may incur:

1. Check payments mailed abroad may be charged with international payment fees. However, a mailed check payment fee is waived for Canadian companies sending checks to the US.

2. Plooto debits from you the following standard bank penalties caused by you:

  • Payment Stopped: $30 each
  • NSF (Not Sufficient Funds) Returned: $30 each
  • Recalled Direct Payments: $10 each
  • Failed Credits (Incorrect Payee Account): $2 each
  • Check Cancellation: $30 each
  • Recalled Email Money Transfer: $5 each

3. If your Plooto subscription is inactive and you use Plooto Instant, a next-business-day payment service, you’ll be charged $5 per domestic payment.

4. You may be charged by your bank when making international payments. These are fees outside of Plooto’s control.

Beyond the Price

More important than knowing how Plooto will cost you money is how it can help you earn more. Let’s get the obvious out of the way: the less time to collect payments, the better it is for your bottom line. On the other hand, the faster you can make payments, the less risk of incurring penalties or losing a client’s trust. 

Consider these features that make subscribing to Plooto worth your moolah.

Approve payments fast 

As soon as you open a Plooto account, you can set up an approval process that works for you. Whether you have just you or multiple persons to give payments the go, approval is as simple as clicking a button via the cloud. This setup benefits organizations with approving parties scattered in different places the most. It’s a pity when a late payment, which dampens your reputation to creditors and suppliers, is caused by the trivial excuse of a signing party is on vacation or indisposed at home. Plooto eliminates this problem.

Transfer money by email

You can add another layer of convenience to pay by turning your email into a money transfer channel or sort of. Plooto lets you send a form via email, in which the receiving party only has to fill up with bank details. Once completed, your payment is sent directly to the other party’s bank account. The vendor assures security over this channel, while you need not reveal your sensitive bank details.

Automatic invoice reconciliation

Payments are marked “Paid” automatically in your accounting system once the transfer is complete. Of course, this requires integrating Plooto into your accounting software. This saves you a lot of time from cross-checking invoices with payments.

Give payment options

Make it easy for your clients to pay you. Clients can pay via credit card by simply logging into Plooto. They need not share sensitive credit card details over the phone or email. Or, you can help them set up pre-authorized debit via Plooto’s automatic withdrawal feature.

Track payments better

Plooto alerts you when clients have viewed your email. You can also set it up to remind clients of nearly due or overdue payments. With updates on payment status, you get paid faster.

More Cash in The Bank

The Plooto pricing details above should give you a clear understanding of the costs to be expected when subscribing to the app. Overall, you’re likely to end up with fewer charges with Plooto than relying on payment gateways or wire transfers. 

As a standalone AR/AP software, too, Plooto gives you the choice of limiting your tech costs to payables and receivables for the meantime. Maybe you’re not ready for a full accounting system, but it doesn’t mean you can’t improve the efficiency of your AR/AP now. Because more critically, the app helps you streamline and consolidate the process of payment and collection and track your overdue as well as your clients’. That can mean one thing for you–more cash in the bank.

Daniel Epstein

By Daniel Epstein

Daniel Epstein is a senior financial research analyst at FinancesOnline and the architect behind our Fintech and ERP content division. His main areas of expertise are blockchain technologies, cryptocurrencies, and the use of biometrics in fintech solutions. His work has been frequently quoted by such publications as Forbes, USA Today, Entrepreneur, and LA Times. With more than 1,800 solutions scrutinized in the last 5 years spent on our team he always prioritized offering readers an unbiased perspective on modern financial technologies.

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