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223 Reviews
- Industry: Marketing & Advertising
- Company size: 2–10 Employees
- Used Weekly for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
The cheapest tool to get your invoices paid.
Reviewed on 14/12/2020
Pros
I've been using Plooto for a little under a year now and it is incredible, it sync's directly with quickbooks and allows me to get my domestic invoices paid for under a 1$ per transaction!
The flat-rate fee is a game-changer for me, and means I don't have to pay Stripe's 2.9% transaction fee every time.
Cons
Two downsides:
- With QuickBooks recurring transactions, you can't sync a recurring transaction with a recurring receivable in QuickBooks so Plooto marks each recurring transaction as paid, you have to do this manually.
- Payment times can be anywhere from 3 - 7 days which is a little slow. Stripe offers instant payout which is a game changer. If Plooto could also offer instant payout for a flat rate that would make this software god-tier.
- Industry: Accounting
- Company size: Self Employed
- Used for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 5.0 /10
It's alright, the integration with Xero is a bit iffy.
Reviewed on 08/12/2020
It's alright. Not great. Not bad. Nothing to write home about.
Pros
It's affordability and versatility. The ability to have people on ACH subscriptions is a large plus
Cons
No option to accept credit cards. The rigidness of the PAD form and not allowing us access to the PAD form in the event that we want to move to a different platform. Not easy to add new vendors without adding an inconvenience to them.
Alternatives Considered
StripeReasons for Switching to Plooto
The price compared to Stripe is nicer. The subscription with ACH through using a PAD form put Veem out of the running.- Industry: Accounting
- Company size: 2–10 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 5.0 /10
Pricing model needs to go back to what it was
Reviewed on 12/02/2020
Pros
Easy to use, great concept, would recommend it if pricing made sense.
Cons
- Used to be very competitively priced, with the subscription model it is very hard to justify this expense to clients, especially since the use base is mostly small forward thinking companies who have very little vendor payments to make in the first place.
- Very limited customizability when a lot of customization could be offered at the basic level.
- It's never a good business practice to force people to use your product for lack of alternatives. Due to the horrible pricing model change, if there was an alternative, I would be using it.
- Industry: Accounting
- Company size: 2–10 Employees
- Used Monthly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
A great alternative to accepting credit cards
Reviewed on 08/12/2020
Pros
I saved a lot on Merchant fees for my monthly billing.
Cons
The new fee structure still saved me money but not quite as much. I find the set up and navigation a little clunky.
- Industry: Accounting
- Company size: Self Employed
- Used Monthly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Likelihood to recommend 5.0 /10
Plooto review
Reviewed on 25/05/2021
None of my clients use cheques and rarely any other mode of payment. Plooto could improve the approval process, however.
Pros
Plooto synchronizes with QBO pulling in all unpaid bills. Paying suppliers is done simply by ticking the unpaid items particularly if you have set up the supplier in Plooto with their banking information. If not available an e-transfer can be made or Plooto will solicit this detail from the supplier for you. Collecting outstanding receivables in QBO also works very nicely although some clients are suspicious of the solicitation. USD payments and rapid payments are also available if Plooto is prefunded, otherwise a fee is applied.
Cons
The payment interface with QBO was not well thought out. The first step initiates a payment and a designated approver will then have to approve the payment. Plooto immediately marks the bill as paid in QBO. The approver often delays in approving payment due to cash flows or disagreement. Running a balance sheet or payables listing in QBO is misleading since items have been removed as 'paid'. Putting the bills back into QBO as unpaid means deleting the initiated payment in Plooto and manually deleting the payment if QBO. This often leads to mistakes if there are large volumes and a busy schedule, sometimes resulting in double payments . In spite of the claims by Plooto the balance showing in QBO often become irreconcilable resulting in a write off. Plooto does not import credit amounts resulting in overpayments. The resolution to this by Plooto to this issue is extremely simple. Do not mark 'initiated' payments as 'paid' only 'approved' payments.
- Industry: Accounting
- Company size: Self Employed
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
How Plooto Saved Me
Reviewed on 09/12/2020
Pros
Supporting associations with multiple signatories this has been a world of difference in my process flow and the quality and timeliness of payment processing. Each of signatories is set up and whosh off go payments. Was for several years using postal services or meeting in person. A couple of postal strikes later during which i felt i was losing the plot. Labelling/addressing envelopes (small operation so no stamps or administrative assistants), going to post office. And same on the other end for the receivers. Also had a situation of a missing cheque and bank account fraud as well. Am sure it was a payment to service provider that disappeared. Suddenly draws to the bank account are coming from all over Canada for large amounts.
And then I bumped into Plooto at a QBO Conference...LIFE CHANGING.
Not to speak of today's world where I'm limiting as much errand running as possible.
Cons
Used to be support was on phone live. really hate the chat funciton, somehow my descriptions never get captured by the feed, they receive blanks on support end. So it is really a pain. don't know why and know it must be a set up thing but have not been able to solve.
- Industry: Accounting
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Great overall payment processing tool
Reviewed on 01/03/2022
Pros
Plooto is very easy and intuitive to use. The integration with Xero and reoccurring PAD setups are great time saving features. In my experience the customer support is top class. My concerns are addressed the same day. The value provided by Plooto is unmatched in my experience.
Cons
Notifications! I do understand and appreciate the dedication Plooto has to security but being an accounting firm which means dealing with many companies the notifications can fill up the inbox pretty quickly. Unfortunately, there isn't a way to remove these for security reasons. My suggestion to Plooto is perhaps enforce user notifications for 2 accounts and allow deactivate the notifications for other users. This would save tremendous amount of time for accounting/finance firms that deal with multiples client accounts.
- Industry: Warehousing
- Company size: 2–10 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Plooto as 3rd Party ACH Provider
Reviewed on 17/12/2020
My overall experience has been great. Customer service is timely and helpful. This software has saved me countless hours of which I don't have to spare!
Pros
The integration with Quickbooks Online is simple and makes my A/R seamless. I love that my clients set up an ACH agreement one time and moving forward I request and process my A/R with a click of a button. I can also select which account I want the deposit to go to. Data is easy to download for reconciliation purposes as well.
Cons
I would like to see a default bank account option so I don't have to select a bank account for each transaction. I would also love for the deposit times to improve.
- Industry: Motion Pictures & Film
- Company size: 11–50 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Plooto is an excellent product
Reviewed on 01/03/2022
convenience of authorizing payments remotely
Pros
Integrates well with QB online. Easy to use. Convenient. Efficient. Time saver.
Cons
there is no payroll integration which slows down the payment and reconciliation process considerably. Please add this feature to QB online
- Industry: Hospital & Health Care
- Company size: 2–10 Employees
- Used Daily for 6-12 months
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Review Source
Overall rating
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Plooto is easy
Reviewed on 20/09/2022
Pros
Plooto is easy to use. It syncs well with other software and keeps track of all payment history which is amazing! There are a variety of ways to pay suppliers as well.
Cons
5 business days for payments is a bit long.
- Industry: Management Consulting
- Used for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Plooto is a simple AP and AR tool that also makes it easy to pay across borders.
Reviewed on 20/03/2018
I mostly used it for AR purposes across the U.S. and Canadian border.
Pros
It's simple, and that point needs to be kept in mind. The interface is intuitive and it syncs with popular accounting programs like QuickBooks Online. The best part of the program (in my opinion) is the AR function that allows you to set up a recurring ACH payment from clients for a flat fee. Depending on the size of your invoice this could save you some money in credit card or bank processing fees. Also, you can do ACH payment from a U.S. bank and deposit the funds in a Canadian bank account. It is a pretty cool feature that puts them above Bill.com. It also doesn't carry the monthly fee of Bill.com.
Cons
It takes way too long to send money across borders. My experience is with the Canadian/U.S. border. It took nearly two weeks from the time that the client authorized the payment until it was deposited in my account. Also, if you are using Plooto for a foreign currency exchange service much better rates can be found elsewhere. If you are using Plooto instead of Bill.com and need all of the permissions or invoice scanning functionality, don't expect it. However, if you want a simple AP and AR tool with an added bonus of being able to make and receive payments across borders, and you aren't time crunched to make or receive a payment, then Plooto is a great inexpensive option.
- Industry: Accounting
- Company size: Self Employed
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Plooto Review
Reviewed on 14/12/2020
excellent software, very easy to setup and use
Pros
Ease of use, easy setup and integrated well with the Xero software
Cons
Fees per transaction increased this year
- Industry: Accounting
- Company size: 2–10 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Plooto Review
Reviewed on 12/02/2020
While not perfect, Plooto has been great for us to help clients manage their A/P at scale at fees that are lower than the banks charge.
Pros
I like that it is easy to use, integrates with our accounting system, and allows us to manage A/P for clients at scale without using cheques.
Cons
The 4-day turnaround time to settle payments is the biggest pain-point.
The new fixed-fee monthly pricing model is inconsistent with how users are actually transacting on the platform, the previous model was much easier to explain to clients.
Customer service is a bit slow and we've been charged incorrectly multiple times, which takes them several weeks to resolve for each one.
- Industry: Accounting
- Company size: 51–200 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 7.0 /10
Best range of options from existing software providers
Reviewed on 21/03/2022
Currently we are having issues with cheques not showing as being deposited for the last few months however the support team is trying to resolve this issue. Other than this, Plooto offers a lot of functionality that does improve the ease of processing AP.
Pros
It connects to QBO and allows easy reconciliations as well as automatic set up of payments which is very helpful. Allows set up of recurring payments and recurring deposits easily
Cons
A report that includes cheque numbers would be very helpful for tracking payments. It would also be helpful if, when vendor names are not exact matches, it allowed the user to select from existing vendors set up.
- Industry: Music
- Company size: 11–50 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Automates Payments - Saves us Time and Money
Reviewed on 12/02/2020
We have automated payments with Plooto and save money and time since we do not have to chase customers.
Pros
By setting recurring payments, I can manage a group of nearly 500 students with minimal administrative burden throughout the school year. If a student cancels or increases their payments, I can easily go in with a days' notice to change payments. Very user-friendly!
Cons
I wish the contact list could be sorted by last name (rather than just first name) or filtered in different ways to help us when reviewing a semester. It's not a big deal, but would make it more efficient.
- Industry: Accounting
- Company size: 2–10 Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 5.0 /10
Plooto Bill Payments
Reviewed on 17/12/2020
Relatively good, but as I said earlier, reconciling is a nightmare, there is no real way to see what is happening in the back end.
Pros
I really like that I can set up approval tiers, I also appreciate that once it is set up it is relatively easy for my clients to use.
Cons
The reporting features are pretty much non existent and reconciling can be a nightmare if using Plooto Instant especially with my high volume clients. I also don't think that you should charge a subscription fee, especially if the client is doing high volumes as some of my clients do. There is also no partner program or incentives for accounting professionals who recommend and implement it to our clients.
- Industry: Wholesale
- Company size: 11–50 Employees
- Used Weekly for 6-12 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Great software for the price!
Reviewed on 08/12/2020
Pros
This software saves our organization so much time and effort to process our accounts payable. The link to Quickbooks also saves the time posting. Overall it’s a great system to remove all manual processes and payments from your workflows. And payments can be approved remotely which doesn’t hold up payments having to wait for signing authorities to be in the office.
Cons
I wish that the USD payments into the USA institutions were more competitive in pricing. It’s still expensive to process if they are outside of Canada for us.
- Industry: Financial Services
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Plooto and Le Chiffre Partnership
Reviewed on 14/12/2020
We like Plooto, we highly recommended to our clients.
Pros
User Friendly, we love that our clients can pay us directly from our Xero invoice. We also like the etransfer feature.
Cons
Sometimes the customer service is slow and the answers are vague
- Industry: Accounting
- Company size: 2–10 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Plooto is great for the needs of small businesses
Reviewed on 17/12/2020
Pros
Plooto is an affordable, easy to use software to manager your payables and receivables. It delivers the checks and balances needed for approval requirements and division of duties/responsibilities and provides built in reminders and notifications on outstanding and completed payments.
Cons
It does not connect well with accounting software such as Quickbooks in that awaiting approvals are indicated as paid when in transit.
- Industry: Consumer Goods
- Company size: 11–50 Employees
- Used Weekly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 7.0 /10
Simple to use
Reviewed on 17/12/2020
Very inexpensive and easy to use once everything is setup corrrectly.
Pros
Integration with QB was fairly simple. Two person authorization of A/P payments is huge. We only use it for the A/P side of things.
Cons
Easier way to add vendors' banking information. This was tedious in the beginning.
Alternatives Considered
BILLReasons for Choosing Plooto
Did not like the setup.Reasons for Switching to Plooto
cost.- Industry: Accounting
- Company size: 2–10 Employees
- Used Weekly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Time Saver
Reviewed on 08/12/2020
I have had a great experience with Plooto, it is very easy to use and it is great you can set up bill approvals as this is a must with some clients.
Pros
I like how it has multi level bill approval and integrates with QBO which saves a lot of manual entry.
Cons
That you can’t use your credit card to pay for bills.
- Industry: Industrial Automation
- Company size: 2–10 Employees
- Used Weekly for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Brookside
Reviewed on 21/12/2020
Pros
Saves time for not sending cheques in mail
Cons
Payroll option might be handy.
- Industry: Management Consulting
- Company size: 2–10 Employees
- Used Weekly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 7.0 /10
Efficient process but too long for trans to complete. Plooto 5 bus. days...competitior 24-48...
Reviewed on 21/12/2020
We use it for 2 of the 5 companies in our group. A third was abandoned because the [SENSITIVE CONTENT HIDDEN] became frustrated with the setup process and subsequent delay in processing payments, especially for USD. A fourth ( a financial services division) is on hold because the insurance bond has excluded the use of Plooto.
Pros
Yes. comparatively user friendly. Large fields and navigation.
Cons
The payment confirmation has a code with the big green checkmark but no detail. Needs to have at least payee or amount to cross reference so that can be used in place of, say, a cheque stub. The follow-up alternative is to wait for the deposit confirmation days later or reprint the payment report detail month which doubles the effort.
- Industry: Accounting
- Company size: 2–10 Employees
- Used Weekly for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Great app to automate your AP and AR processes
Reviewed on 09/12/2020
Great option to consider, provided that you can live with the restrictions I mentioned
Pros
It is cloud based
Availability of AR function
Ease of set up and use
Sync with QBO and Xero
Custom approval tiers possible
Ability for recipients to easily receive funds
Cons
It takes 3 business days for a payable to be completed (unless you use their "Plooto Instant") - that is longer than how long it takes some other AP companies in Canada
Quirkiness with future-dated payables - if you have a scheduled payable that is to be funded via Plooto Instant at a later date, the payable amount reduces your current Plooto Instant funds
- Industry: Accounting
- Company size: 2–10 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 10.0 /10
Review
Reviewed on 17/12/2020
Pros
I love everything. Especially CRA payments fro the source deductions and HST
Cons
N/A I like it all. everything is good in the software