Learn about actual and potential costs
How much should I pay for Online Payment Gateway Software?
What is the average price of Online Payment Gateway Software?
This procurement report includes pricing information to help you purchase Online Payment Gateway Software. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Online Payment Gateway Software been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Online Payment Gateway Software yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Online Payment Gateway Software?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Online Payment Gateway Software with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
Market share concentration is moderate but has been decreasing during the past three years, benefiting buyers as lower market share concentration increases competitive pressure to mitigate price growth. The top four vendors control about 38.5% of the market in terms of revenue. There are more than 1,700 suppliers of online... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What security measures are in place to prevent theft of sensitive information?
What fraud prevention measures do you have?
What percentage of fraud is successfully stopped?
Does the responsibility for accepting fraudulent payments fall on the buyer or the supplier?
How often do you roll out new anti-fraud measures?
Pricing & Contract
Do you offer volume discounts?
Can I pay a flat fee on a monthly basis to reduce my fee per transaction?
If I have a low margin product, can I get a more advantageous fee?
Do you collect your fees instantaneously on the transaction or charge on a regular basis?
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
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Key elements for every RFP
What should my RFP include?
Buyers should state the volume of their online transactions for the previous year.
Buyers should detail the value of their online transactions for the past year.
Buyers should detail the contract term for annual ongoing costs (e.g. system support, upgrade and maintenance charges).
Buyers should only consider vendors that offer software solutions that meet the requirements of the RFP.
Buyers should review the experience of vendors based on client references and the quality of their customer service.
Buyers should evaluate providers based on the estimated costs of the online payment gateway software and services.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should provide the timeline of the RFP and project.
Buyers must include the date when proposals are due and when the award information will be available.
Buyers should provide any other benchmark dates that suppliers will need to be aware of (e.g. when the online payment gateway software system is expected to fully operational).
Evaluate major factors to mitigate risk
How risky is the supply chain?
Online payment gateway software suppliers have faced a low level of supply chain risk during the past three years due to the nature of the service as well as the current and forecast economic environment. Developing online payment gateway software requires moderate startup costs, and there is very little volatility... Subscribe to learn more.