Wectory

Rent advance and Direct Debit rent collection. For UK letting agents.

Product

  • Rent Advance
  • Rent Collection
  • Pricing

Packs

  • EPC Upgrade
  • Property Refresh
  • Refinance Bridge
  • Portfolio Growth
  • Switch-to-Let

Resources

  • Research
  • Legal
  • Privacy
  • Terms

Company

  • About
  • Contact

© Wectory

Registered in England and Wales (No. 12790239) · 86-90 Paul Street, London, EC2A 4NE, United Kingdom
built by Lumman

© 2026 Wectory

Back to Legal

Fee Schedule

What Wectory charges for each product line, and why what your payment provider charges you is separate from it.

Updated 9 Sept 2026

This Fee Schedule states what Wectory charges for each product line. The priced terms in force are published below.

How a version works

The Fee Schedule is published in versions. A published version is fixed: its terms never change once it is published, and new terms are published as a new version with its own effective date. The version in force on any day is the most recent one whose effective date is that day or earlier.

Every Direct Debit records the version that priced it. The price of a charge already made can therefore always be read back from the terms that produced it, whatever is published afterwards.

What you pay, and when

Wectory's fee comes out of the rent that actually collects, inside the same Direct Debit that settles that rent into your collection account. A Direct Debit that does not succeed carries no Wectory fee, and there are no setup fees and no monthly minimums.

Where a tenancy runs both product lines, the tenant signs one Direct Debit mandate and pays the same rent. Both product prices stack on that one Direct Debit, each per its own mechanic.

VAT and the tax documents

Every price below is stated excluding VAT, because that is the figure the commercial terms bind. A supplier registered for VAT adds its own VAT to its own charge and issues its own VAT invoice for it.

While our registration is pending

We have applied to register for VAT, and both the effective date and the registration number are awaited. While that is so we charge the price published below and add nothing to it, and once a calendar month has closed we issue a statement of the deductions taken in it. That statement carries no tax figure and no registration number, and it says on its face that it is not a VAT invoice.

If the registration takes effect from a date that reaches back over amounts already deducted, those amounts are treated as including the tax at the statutory rate: the total paid does not change, nothing further is charged and nothing is repaid. An amount deducted before that date keeps the treatment it was taken under, so a month the date falls inside is split at it, and a VAT invoice is issued for each period the date reaches, covering the amounts inside that period which it reaches and referencing that period's statement where one was issued. From the effective date the published price applies with VAT added to it, and each closed month is documented by a VAT invoice.

What your payment provider charges

Your payment provider charges you its own fee for each Direct Debit, and its own VAT on that fee, under your own agreement with it. Wectory neither sets that charge nor forecasts it, never passes one on and never re-invoices one. It is your own cost, on your provider's own line, and a partner on a cheaper or a dearer provider plan pays Wectory the same.

The published terms

Version fee_schedule_v2, effective from 8 Sept 2026. Every Direct Debit records the version that priced it.

Rent Advance
2.4% of each successful Rent Advance Direct Debit.
Rent Collection
£10 per successful Direct Debit, at every amount we serve.
Both lines on one tenancy
Both prices stack on the one Direct Debit, each per its own mechanic.
What your payment provider charges
Your payment provider charges you its own fee and its own VAT for each Direct Debit, on your own agreement with it. Wectory neither sets that charge nor forecasts it, and never passes one on or re-invoices one.
While our registration is pending
We have applied to register for VAT. Until that registration takes effect we charge the price above and add nothing to it, and each closed month is documented by a statement of the deductions taken rather than by a VAT invoice. A registration later taking effect over a period already deducted is settled inside the amount already paid: nothing further is charged, nothing is repaid, and no price above changes. From the effective date the published price applies with VAT added to it.
VAT
Every price above excludes VAT. A supplier registered for VAT adds its own VAT to its own charge and issues its own VAT invoice for it: Wectory for the Wectory fee, your payment provider for its own.
Skip to content
Wectory
Wectory
Rent AdvanceRent CollectionPricingGet started