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Plooto VS Parallax

Compare Plooto VS Parallax and see what are their differences

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  3. » Reviews
  4. » Alternatives

Plooto logo Plooto

Plooto is an online payment solution for business that manages transactions, vendors, and suppliers in one place.

Parallax logo Parallax

Receive money as if you were abroad. Save big with best rates and lowest fees. Withdraw instantly.
  • Plooto Landing page
    Landing page //
    2023-06-29
Not present

Plooto features and specs

  • Automation
    Plooto offers automation for accounts payable and receivable, which reduces the manual workload and minimizes human errors.
  • Integrations
    Plooto integrates with popular accounting software like QuickBooks and Xero, enabling seamless data synchronization and improved workflow.
  • Security
    Plooto provides robust security measures, including two-factor authentication and encryption, ensuring the safe handling of financial data.
  • Simplified Payment Processing
    Plooto simplifies payment processing by allowing electronic fund transfers (EFTs), which streamline transactions between businesses and their vendors or clients.
  • Approval Workflow
    The platform includes an approval workflow feature that allows business owners and managers to review and approve payments efficiently, reducing the risk of unauthorized transactions.
  • Cost-effective
    Plooto offers competitive pricing compared to traditional banking and payment processing services, making it cost-effective for small and medium-sized businesses.

Possible disadvantages of Plooto

  • Limited Currency Support
    Plooto primarily supports transactions in U.S. and Canadian dollars, which may be a limitation for businesses dealing with multiple currencies.
  • Customer Support
    Some users have reported that Plooto's customer support can be slow to respond, which might be an issue when facing urgent problems.
  • Learning Curve
    New users may experience a learning curve when first using Plooto, as it can take time to understand all the features and functionalities.
  • Bank Verification Delays
    Occasionally, users might face delays in the bank verification process, which can hold up payment processing for new accounts.
  • Transaction Fees
    While Plooto is generally cost-effective, transaction fees can add up, particularly for businesses with a high volume of transactions.

Parallax features and specs

No features have been listed yet.

Analysis of Plooto

Overall verdict

  • Overall, Plooto is a solid choice for companies looking to simplify their payment processes and improve financial operations. Its user-friendly interface, automation capabilities, and secure transactions make it a valuable tool for businesses focusing on reducing manual work and increasing financial efficiency.

Why this product is good

  • Plooto is considered a good option for managing business payments due to its comprehensive features that streamline and automate the Accounts Payable (AP) and Accounts Receivable (AR) processes. It provides efficient payment solutions, enabling businesses to send and receive payments electronically, reduce paperwork, and enhance cash flow management. The platform also integrates with popular accounting software like QuickBooks and Xero, which helps maintain accurate financial records.

Recommended for

    Plooto is recommended for small to medium-sized businesses, accounting professionals, and finance teams seeking a streamlined payment processing system. It's particularly beneficial for companies aiming to automate their end-to-end payment processes, improve visibility into cash flow, and integrate with existing accounting software.

Plooto videos

+ Add

Plooto Software Demo Review

More videos:

  • Review - Finance Appy Hour: Plooto app overview and review
  • Review - What is Plooto?

Parallax videos

+ Add

Neural DSP Parallax Multiband Distortion Review - Demo

More videos:

  • Review - Neural DSP: Parallax Review! // The BEST Bass Plugin Ever Made!
  • Review - Storm Parallax | Ball Reviews With Verity

Category Popularity

0-100% (relative to Plooto and Parallax)

Plooto

Parallax

Accounting
100 100%
Accounting
0% 0
Online Payments
72 72%
Online Payments
28% 28
International Money Transfers
0 0%
International Money Transfers
100% 100
Money Transfer
69 69%
Money Transfer
31% 31

User comments

Share your experience with using Plooto and Parallax. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Plooto and Parallax

Plooto Reviews

The Top Alternatives to Bill.com
Plooto is a powerful accounts payable and receivable platform that helps a business gain total control and visibility into cash flow management. It supports 120,000+ vendors and suppliers, and 6000+ businesses, with enhanced financial controls that keep operating costs low. Plooto facilitates faster AR and AP cycles, reduces errors, and lowers costs per transaction.
Source: tipalti.com
4 Best Bill.com Competitors And Alternatives (2022)
Plooto is another Bill.com competitor in the digital payments space. Similar to Melio, Plooto offers an accounts payable and receivable solution which targets the small business market.
Source: smbillion.com
9 Best Payoneer Alternatives for Freelancers | 2022
Plooto is among the few online payment management systems that charge users on basis of a monthly subscription. Therefore, if you are a high-volume transacting freelancer, then Plooto might have offered you quite some value with your money transfer needs.
Source: www.digitalgondola.com

Parallax Reviews

6 Cheaper Payoneer Alternatives for Your Online Transcations
Parallax is an emerging platform that allows you to move money faster and cheaper, simplifying international money transfers when you need it. By opting for Parallax, you can significantly reduce your transfer costs while enjoying reliable service.
Source: www.withparallax.com

Social recommendations and mentions

Based on our record, Plooto seems to be more popular. It has been mentiond 2 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Plooto mentions (2)

  • Plooto.com experience and bill pay workflow
    Bill.com would be almost 3x the price of plooto.com (2 users for 3 companies plus the accountant cost), which myself nor the client think is justifiable to spend. The only thing I see in my workflow that would be solved by bill.com is that bill.com has an inbox where you bills can be sent. Source: over 3 years ago
  • Plooto.com experience and bill pay workflow
    Does anyone here have experience with plooto.com? It looks like bill.com but much more affordable. I would only be using it for bill pay, not accounts receivable. I would appreciate any testimonial, good or bad. Source: over 3 years ago

Parallax mentions (0)

We have not tracked any mentions of Parallax yet. Tracking of Parallax recommendations started around Jun 2024.

What are some alternatives?

When comparing Plooto and Parallax, you can also consider the following products

Sage 50 Accounting - Sage 50cloud is the small business solution for everyday heroes. Plus, new customers enjoy 40% off!

Remitly - Send money online with Remitly faster with great exchange rates and low transfer fees. Special new customer offer! 100% Satisfaction Guarantee.

LessAccounting - Small business accounting software from Less Everything, because your job title isn't accountant! Accounting software features: invoicing, proposals, CRM and more.

Revolut - The easiest, fastest way to save for your financial goals.

FreshBooks - The ideal accounting software for small business owners.

Remitbee - RemitBee is a worldwide money transfer and mobile money company specialized in online money transfer. Its a convenient and user friendly service in which customers can send money online using their web browsers, tablets and mobile phones.

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