Plooto connects with your existing bank account and your money is only transferred when you initiate a payment. Your payment moves directly from your bank account into the account you’ve specified.
Your transactions are validated using sophisticated algorithms. Plooto uses the Modulus 10, which is also used by financial institutions and government agencies.
Processed payments are settled through our partnership with members of the Canadian Payments Association (CPA). Our payment technology is built on top of the existing banking infrastructure, which is developed and maintained by CPA.
Plooto’s infrastructure is hosted by Microsoft Azure through its Infrastructure as a Service (IaaS) business unit. Microsoft delivers cloud services to many of the world’s leading enterprises and government agencies.
All communication between users and Plooto is encrypted using the latest Secure Hash Algorithm 2 (SHA2) SSL Certificates. This standard is utilized by top financial institutions and ensures no data is intercepted by unauthorized parties.
Get in touch and we will answer any questions you have.
Try Plooto for free. No credit card required.