PayProp vs RentMerchant
PayProp
payprop.com
RentMerchant
rentmerchant.comSide by side
| Figure | PayProp | RentMerchant |
|---|---|---|
| Price from | — | $15/mo |
| Free plan | — | Yes |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| iOS | Yes | Yes |
| Android | Yes | — |
| API | Yes | — |
| Plans published | 5 | 4 |
| Spec score · Rent Payment Software | 8.8 (#6) | 7.8 (#16) |
| Security | PayProp says transaction information is encrypted using 256-bit SSL certificates and its application runs behind firewalls monitored around the clock. | Payments are processed by Stripe, raw card and bank numbers are not stored by RentMerchant, and accounts can use two-factor login. |
| Support | PayProp offers phone and email support, onboarding, refresher training, and a dedicated account manager. | The contact page says a real person usually responds within one business day. |
| Tenant portal | Tenants receive a branded portal for payment options, payment history, deposits, documents and maintenance requests. | Tenants can pay, view payment history and a full ledger, and submit repair requests from the portal. |
Plans
PayProp
- License$40 a month
- Monthly service fee£1 a month
- License£79 a month
- Once-off setup feePrice not published
- PayPropPriced on request
RentMerchant
- FreeFree
- Pro$15 a month
- Pro (month-to-month)$20 a month
- CustomPriced on request
In their own words
RentMerchant
RentMerchant provides online rent collection and property management for independent landlords, with web and iOS access. Tenants can pay by bank transfer or debit and credit card, either once or through autopay. The system sends monthly recurring invoices, payment reminders, and automatic late fees. A tenant portal supports payments, payment-history and ledger viewing, and repair requests. Landlords can collect online applications and obtain electronic lease signatures with an audit trail. Property owners can receive read-only logins showing collections, fees, and net amounts. Reports include CSV and Schedule E exports, and landlords can import properties in bulk from CSV. Payments are processed by Stripe; RentMerchant says it does not store raw card or bank numbers, and accounts can use two-factor login. The Free plan costs nothing and supports up to three properties. Pro costs $15 a month billed annually for unlimited properties and units, while month-to-month Pro costs $20 a month. ACH payments on Free cost 0.8% capped at $5 plus a $2 RentMerchant fee; the $2 fee is waived on Pro.