Plooto · Fintech accounts
Plooto review
Plooto is a Toronto-based accounts payable platform that lets businesses pay suppliers in 40+ countries and 25+ currencies directly from their AP workflow. It charges no transfer fee on foreign exchange payments, with the cost built into the exchange rate, and a flat $10 fee for same-currency international payments on its Grow and Pro plans.
Who Plooto is best for
Businesses paying many international suppliers, teams using QuickBooks or Xero and companies wanting approvals and payments together.
Businesses needing hedging.
Plooto is a Toronto-based accounts payable platform that lets businesses pay suppliers in 40+ countries and 25+ currencies directly from their AP workflow. It charges no transfer fee on foreign exchange payments, with the cost built into the exchange rate, and a flat $10 fee for same-currency international payments on its Grow and Pro plans.
It syncs with QuickBooks and Xero, which makes it a good fit for businesses that want supplier payments, approvals and FX in one place. It doesn’t offer hedging.
Fees, features and eligibility
| FX margin | Cost built into the exchange rate |
|---|---|
| Fees | No transfer fee on FX payments; $10 flat fee for same-currency international payments (Grow and Pro) |
| Provider type | AP automation platform |
| Currencies | 25+ currencies to 40+ countries |
| Who can use it | Canadian and US businesses |
Source: Plooto published product information.
What stands out
Pros
- No transfer fee on FX payments
- Payments inside your AP workflow
- QuickBooks and Xero sync
Cons
- No hedging tools
Plooto: common questions
Does Plooto charge fees on international payments?
There’s no transfer fee on FX payments; the cost is built into the exchange rate. Same-currency international payments cost a flat $10 on Grow and Pro.
Where can Plooto send payments?
To 40+ countries in 25+ currencies.
Does Plooto integrate with accounting software?
Yes, with QuickBooks and Xero.
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