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Payroll Card Services

Overview

ProcurementIQ’s Payroll Card Services Procurement Research Report helps simplify the purchasing process. This report provides tools such as pricing trends and forecasts, supplier benchmarks and negotiation questions to help you work with internal stakeholders and executives to manage the procurement process for your company. With this information, your company will be able to make credible and knowledgeable decisions regarding purchasing Payroll Card Services.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Payroll Card Services - Recent Price Trend

During the three years to 2018, the price of payroll card services has been rising at an estimated annualized rate of 1.6%. This price growth is largely due to heightened demand for market services combined with rising overhead costs. However, declining wage expenses and strong market competition have helped slow price growth, keeping price volatility low.Demand for market services has been.

Payroll Card Services - Total Cost of Ownership

Because suppliers rely on incidental fees and hidden costs to generate most of their revenue, the total cost of ownership for payroll card services is high. Therefore, buyers can expect that the annual cost of market services will exceed 100.0% of the benchmark price.Most of the hidden costs in this market come in the form of incidental fees that cardholders must pay to use their cards, such as.

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About this Report

This report is intended to assist buyers of payroll card services. Payroll card services provide companies with an alternative to checks and direct deposit for distributing payroll to their employees. Instead of paying employees through these more traditional means, buyers can load their wages onto payroll cards, which allow employees to access their earnings via ATMs or online portals. Typical buyers in this market include retailers, fast food chains, full-service restaurant chains and local and state governments. This service is available from banks, credit card processors, payroll service providers and payroll card specialists. This report does not cover other types of payroll services, payroll software or business credit card services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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