Looking for a Plooto alternative?
Plooto charges per transaction. We don't.
At 200 payments/month, you save $1,260/year with EFT Flow.
Plooto vs EFT Flow: Honest comparison
Different tools for different needs. Here's how they stack up.
| Feature | Plooto | EFT Flow |
|---|---|---|
| Pricing Model | Per-transaction (~$1+/payment) | Flat rate ($95/month) |
| At 50 payments/month | ~$50/month | $95/month |
| At 100 payments/month | ~$100/month | $95/month |
| At 200 payments/month | ~$200/month | $95/month |
| At 500 payments/month | ~$500/month | $95/month |
| Data Location | Cloud (their servers) | Local (your machine) |
| Bank Integration | Direct (funds flow through Plooto) | File-based (you upload to your bank) |
| Payment Approval | In-app workflows | You control the file before upload |
| QuickBooks Sync | Yes (automatic) | Yes (via export/import) |
| Works Offline | No | Yes |
| Lifetime License Option | No | Yes ($2,990) |
When Plooto might be right
We believe in honest comparisons. Plooto is a good product for some use cases.
- Low volume: If you process fewer than 50 payments/month, Plooto may cost less
- Full automation: If you want payments to flow automatically without file uploads
- Built-in approvals: If you need multi-user approval workflows in the payment system
- Hands-off: If you're okay with funds flowing through a third party
When EFT Flow wins
EFT Flow is the better choice when...
- Volume matters: You process 100+ payments/month (flat rate wins)
- Privacy matters: You want data to stay on your machine (PIPEDA, security)
- Control matters: You prefer uploading files yourself vs funds flowing through a third party
- Predictability matters: You want costs that don't grow with your business
- Ownership matters: You'd rather pay once ($2,990) and own it forever
The math at scale
Per-transaction fees add up. Fast.
Annual cost comparison
| Monthly Payments | Plooto/Year | EFT Flow/Year | You Save |
|---|---|---|---|
| 50 | ~$600 | $1140 | -$540 |
| 100 | ~$1,200 | $1140 | $60 |
| 200 | ~$2,400 | $1140 | $1260 |
| 500 | ~$6,000 | $1140 | $4860 |
| 1,000 | ~$12,000 | $1140 | $10860 |
Or pay $2,990 once and never pay again. At 200 payments/month, the lifetime license pays for itself in under 15 months vs Plooto.
"We were paying Plooto $1.50 per transaction. At 400 payments a month, that's $600. EFT Flow is $95 flat. The math was obvious."
Key differences explained
Data location
Plooto: Your payment data lives on their servers. Funds flow through Plooto to your vendors.
EFT Flow: Desktop app. Your data stays on your machine. You generate a file and upload it directly to your bank. We never see your payment data.
How payments work
Plooto: Connects to your bank. You approve payments in Plooto. They send the funds.
EFT Flow: You export your payment list, we convert it to CPA-005, you upload to your bank yourself. You control when payments go out.
Pricing model
Plooto: Per-transaction. Great at low volume, expensive at scale.
EFT Flow: Flat monthly or one-time lifetime. Cost doesn't grow with volume. Predictable.
Who's right for whom
Plooto: Businesses wanting fully automated payments and approval workflows, comfortable with cloud-based processing.
EFT Flow: Businesses wanting control, privacy, and predictable costs—especially at higher volumes.
Switching from Plooto?
It's straightforward. Here's what changes.
What stays the same
- Your accounting software exports
- Your bank account
- Your vendor relationships
- Your payment amounts
What changes
- You upload files to your bank (vs Plooto sending directly)
- Flat fee (vs per-transaction)
- Data stays local (vs cloud)
- One-time setup of vendor bank details
What we help with
- Mapping your export format
- Setting up vendor bank details
- Validating your first file
- Answering questions
Plooto vs EFT Flow FAQ
At what volume does EFT Flow become cheaper?
Around 95-100 payments/month is the break-even point. Below that, Plooto may cost less. Above that, EFT Flow saves money every month—and the gap widens as volume grows.
Is EFT Flow as easy to use as Plooto?
Different kind of easy. Plooto is "set it and forget it" automation. EFT Flow is "drop your file, click export, upload to bank"—three steps, maybe 5 minutes. You have more control, slightly more manual work.
Can I import my vendor list from Plooto?
Yes. Export your vendor list from Plooto (they allow this), then import into EFT Flow. You'll need to add bank details if Plooto doesn't export them, but the vendor names and basic info transfer over.
Does EFT Flow connect to my bank like Plooto does?
No. EFT Flow generates a file (CPA-005) that you upload to your bank's business banking portal. You're not giving a third party access to your bank account—you're in control of when payments go out.
What if I need approval workflows?
EFT Flow doesn't have built-in approval workflows like Plooto. You review the payment file yourself before uploading. For some, this is enough. If you need multi-user approvals in the payment software itself, Plooto may be better suited.
Why would anyone choose EFT Flow over Plooto?
Three reasons: (1) Cost at scale—flat pricing beats per-transaction above 100 payments/month. (2) Privacy—data stays on your machine, not a third party's servers. (3) Control—you upload to your bank, you decide when payments go out.
Ready to see the difference?
Download the trial. Import your payment list. Compare for yourself.