PayProp doesn't publish an exact price. Its pricing page lists a licence from £79 a month, a one-off setup fee of £600 to £2,000 depending on portfolio size, and a monthly service fee of less than 1% of the rent it processes, with the final figure set by quote. Whether that's worth paying depends on what you're trying to fix, and if the problem is late or unmatched rent, a per-payment service with no setup fee lets you fix it without the upfront cost.
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The short version
- PayProp publishes a licence from £79 a month, a one-off setup fee of £600 to £2,000 and a monthly service fee of less than 1% of processing volume.
- At £950 a month per tenancy, the service fee at its 1% ceiling would be under £475 at 50 tenancies, under £1,425 at 150 and under £4,750 at 500.
- Adfin charges 1% + 20p per successful payment, with the percentage capped at £4 for direct debit, so each £950 rent costs £4.20 with no setup or monthly fee.
- A percentage fee grows with every new tenancy and rent increase, while a capped per-payment fee gives the cost of each rent before you sign.
- Ask for the service fee in pounds at your current rent roll, how the licence changes as you grow and the setup fee, then compare first-year totals.
What PayProp publishes about its price
Three published figures make up the price, and each one is a starting point or a range:
- A licence from £79 a month. That's a starting price, not a quote.
- A setup fee of £600 to £2,000, based on the size of your portfolio.
- A monthly service fee of less than 1% of your processing volume.
For a growing agency the service fee deserves the most attention. It's a share of the rent you put through rather than a fixed charge, so each new tenancy and each rent increase adds to it. The setup fee matters most in year one, and most of all if you're testing whether a new way of collecting rent suits your tenants at all.
What it could cost at 50, 150 and 500 tenancies
Assumptions: every tenancy pays £950 a month, all of that rent goes through the platform, and for the Adfin row every rent is paid by direct debit. The PayProp service fee is shown at its published ceiling of 1%, so your quoted rate will be below the figure shown. The licence is shown at its starting price.
| Monthly cost | 50 tenancies | 150 tenancies | 500 tenancies |
|---|---|---|---|
| Rent collected | £47,500 | £142,500 | £475,000 |
| PayProp licence | from £79 | from £79 | from £79 |
| PayProp service fee | under £475 | under £1,425 | under £4,750 |
| PayProp setup (one-off) | £600 to £2,000 | £600 to £2,000 | £600 to £2,000 |
| Adfin fees | £210 | £630 | £2,100 |
| Adfin setup | none | none | none |
Adfin's figure comes from 1% + 20p per successful payment, with the percentage capped at £4 for direct debit and bank payments. On a £950 rent, 1% is £9.50, capped at £4, plus 20p, so each rent costs £4.20, about 0.44% of the rent. That rate stays the same at 5 tenancies or 500, with no monthly fee and no contract. Cards aren't capped, so the same £950 paid by card costs £9.70.
The PayProp column can't be pinned down further from published figures. Only a quote will tell you where under 1% your rate lands and how the licence moves as you grow.
What you're weighing up
Under the cost question sits a bigger one about what you're paying to fix. If it's rent that arrives late or won't match to a tenancy, judge each option on that.
A per-payment fee with a cap gives you the cost of each rent before you sign anything, while a percentage of volume rises with your rent roll and depends on the rate you negotiate.
A setup fee of £600 or more is money spent before you know whether tenants will switch. A service with no setup fee and no contract lets you start with a handful of tenancies and widen it if it works.
Adfin collects rent, chases it and reconciles it with Xero or QuickBooks. Tenants who stay on standing orders pay to their own unique bank details, so their payments match without a reference, and you can collect by direct debit without asking your own bank for a direct debit facility. Reminders go out over WhatsApp, SMS and email on your schedule, and AI Customer Agents can chase late rent inside limits you set. Rent is paid out each weekday to your business bank account, so your landlord payment run carries on as before.
Whichever route you take, tenants have to change how they pay, and for many agents that's a bigger worry than price. Asking a tenant to pay the next rent from a link by card or pay by bank, and then set up a direct debit for future months, keeps the change to two short steps.
How to test a quote against your own rent roll
- Ask for the service fee as a rate and in pounds at your current monthly rent roll.
- Ask whether the licence changes as you add tenancies, and by how much.
- Ask for the setup fee for your portfolio and add it to the first year.
- Price your rent list per payment. Room-by-room and weekly rents mean more payments: £120 a week by direct debit is £1.40 a payment, or £72.80 a year for that room.
- Put both first-year totals side by side, then add what each one saves your team in rent week.
Common questions
How much does PayProp cost a month? PayProp publishes a licence from £79 a month plus a service fee of less than 1% of your processing volume. The exact figure comes from a quote.
Does PayProp charge a setup fee? Yes. Its pricing page lists a setup fee of £600 to £2,000 based on portfolio size.
What would Adfin cost for 100 tenancies? At £950 a month each, paid by direct debit, £420 a month (100 payments at £4.20). There's no monthly fee, setup fee or contract.
Is a percentage fee or a per-payment fee better for a small agent? A capped per-payment fee tells you the cost of each rent in advance, and on any rent of £400 or more it doesn't grow when rents rise. A percentage fee depends entirely on the rate you're quoted.
Where does rent collected through Adfin go? To the bank account you set up for payouts, every weekday, with fees invoiced separately. Your client account arrangements and landlord payments stay as they are today.
Do tenants have to sign anything to switch? Tenants moving to direct debit sign a mandate online. Tenants staying on standing order only need to update the payee details to the new bank details you give them.
Sources
- PayProp - Pricing and Benefits (accurate as of October 2026) https://www.payprop.com/uk/pricing
- Adfin - Pricing (accurate as of October 2026) https://adfin.com/pricing
- Adfin - Property management (accurate as of October 2026) https://adfin.com/for/property-management
- Adfin - An introduction to Adfin bank transfers (accurate as of October 2026) https://support.adfin.com/en/articles/12600901-an-introduction-to-adfin-bank-transfers
- Adfin - Credit control (accurate as of October 2026) https://adfin.com/credit-control
