Melio vs Plooto: Features, Coverage and Pricing Compared (2026)

Key Features Compared

Melio vs Plooto at a Glance, November 2026

Feature	Melio	Plooto
Ratings
Fintech Index score	79 / 100Higher score	77 / 100
Overview
What it is	New York bill pay platform owned by Xero that lets US small businesses pay vendors by ACH, card, or check and get paid, with free and paid plans	Toronto, Ontario, payments automation company that lets small businesses and accounting firms pay bills, collect invoices, and send international payments with approvals and accounting sync
Who uses it	US small businesses and their accountants; 52,000 direct payments customers	Small and medium businesses in Canada and the US, and accounting firms; more than 14,000 businesses
Main products	Vendor payments by ACH, card, or check, card payments to vendors that do not take cards, and payment collection	Bill payments, collections by pre-authorized debit, approvals, invoice capture, and Pay by Card
Where it operates	United States	Canada and the United States, with payments to more than 40 countriesCanada and US
Products and features
Pay by card	Pay any vendor by card for a fee	2.9% to pay vendors by your own card
Accounting sync	QuickBooks Online, Xero, and NetSuite	QuickBooks and Xero; NetSuite on Pro
Pricing
How pricing works	Go free with five ACH payments a month; Core $25, Boost $55, and Unlimited $80 a month	Go $9 and Grow $32 a month, plus per-payment fees such as $0.50 for an EFT and $1 for ACH
Published prices	Free, then from $25 a month	From $9 a month
Technology and compliance
Licenses and account protection	Owned by Xero since October 2025	Moves money from a linked bank account; not a bank
Apps and API	AI bill capture, batch payments, and 1099 tools	Plooto Capture and multi-client firm accounts
Integrations and partners	QuickBooks Online, Xero, and NetSuite; powers bill pay inside Xero	Two-way sync with QuickBooks Online, QuickBooks Desktop, and Xero; NetSuite on Pro
Onboarding and support	Online sign-up; month to month	30-day free trial; priority phone support on Pro
Company
Founded	2018	2015
Headquarters	New York, New York	Toronto, Ontario
Ownership	Subsidiary of Xero	Private, venture backed
Funding	Bought by Xero for ~$2.5B upfront in October 2025, after raising ~$654M from Accel, Bessemer, Coatue, General Catalyst, Thrive Capital, and others	~$28.6M in total, including a $20M Series B in 2022 led by Centana Growth Partners, with FINTOP Capital, Luge Capital, and Inovia Capital
Key leader	Matan Bar	John McLane
Scale	Added $115.6M of revenue to Xero in the year to March 2026	More than 3.2 million transactions a year; 348% revenue growth on the 2025 Deloitte Fast 500

Fintech Index Scores Compared

We rate every company on eight criteria from 0 to 100, four tied to what buyers in its sector need and four shared by every company, and the rating is their average. Melio scores 79 and Plooto scores 77.

Criterion Scores Out of 100

Key Differences Between Melio and Plooto

Plans

Melio's Go plan is free with five ACH payments a month; Core costs $25. Plooto's Go costs $9 and Grow $32, with per-payment fees.

Countries

Plooto works in Canada and the US and pays more than 40 countries. Melio focuses on the US.

Owner

Xero bought Melio in October 2025 and now runs bill pay inside Xero on it. Plooto is private.

Pros and Cons

Who Each Is Best For

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Frequently Asked Questions