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Vendor Payment Salary

Vendor Payment Salary

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As of September 2026, the average annual salary for employees at Vendor Payment in the United States is $93,656. This translates to an approximate hourly wage of $45. Salaries at Vendor Payment typically range from $82,151 to $106,124 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Vendor Payment Pay for Different Roles?

Explore detailed salary information for specific jobs at Vendor Payment. Based on our data, the highest paying job is the Vice President, Operations, with an annual salary of $275,867. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Vendor Payment’s Pay Competitive? Salary Benchmarking Analysis

How does Vendor Payment's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Octagon Capital $88,171
-5.9%
Typical compensation structure for smaller regional agencies like Octagon Capital.
Gridley & Company LLC $107,495
+14.8%
Driven by niche technical certifications required for Gridley & Company LLC's specialized projects.
RF Mortgage Corp $88,666
-5.3%
RF Mortgage Corp focuses strategically on recruiting and training entry-level apprentices.
Inbanet $100,143
+6.9%
Reflects a supply-demand imbalance for the specific talent Inbanet targets.
Financial Services Industry $121,514
+29.7%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Vendor Payment's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Vendor Payment. Click a company name to learn more.

Employee Reviews: Working at Vendor Payment

Considering a career at Vendor Payment? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Continuing education is actively supported. Administrative support is exceptional. There's little to no emphasis on innovation. Management encourages open dialogue and values diverse perspectives.
Commented in March 25, 2025
45
3
Work is steady with reliable pay and benefits and processes feel rigid. A great workplace for professionals looking to grow. Employees are expected to follow procedures closely, and there isn’t much deviation from set protocols. Working here offers a great balance of challenge and support.
Commented in December 17, 2024
32
3
Meeting culture is productive and respectful. There’s strong mentorship and regular check-ins. There’s strong alignment across departments, and collaboration is smooth and productive. It’s an energizing place to work and thrive.
Commented in September 16, 2024
10
0

Vendor Payment Overview

Website
www.vendorpayment.com
Founded In
2018
Employees
<25 employees
Industry
Financial Services
Headquarter Address
17 E Monroe St Chicago Illinois IL 60603
Revenue
$5 Million - $10 Million
Phone Number
+1 3123195610
Social Media
About Vendor Payment
VendorPayment is a Qualified Purchaser for the State of Illinois Vendor Payment Program. If you are a state vendor, you can get 100% of your invoices paid.

What Benefits Does Vendor Payment Offer Beyond Salary?

A competitive compensation package is more than just a salary. Vendor Payment offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
Work at Vendor Payment?
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What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Vendor Payment.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Vendor Payment, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Vendor Payment salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Vendor Payment

1. What is the estimated average total compensation at Vendor Payment?

Salary.com estimates that the average total compensation package at Vendor Payment, which can include base salary, potential bonuses, and benefits, is around $93,656 annually . Total compensation provides a more holistic view of an employee's earnings.

2. How much does Vendor Payment pay compared to Octagon Capital?

The average annual salary at Vendor Payment is $93,656, or an hourly wage of $45, in comparison to Octagon Capital which pays $88,171 per year or $42 per hour.

3. Do salaries differ significantly between departments at Vendor Payment?

Yes, salaries often differ between departments at Vendor Payment due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. What's the typical salary progression for an employee moving from an entry-level to a senior role at Vendor Payment?

Salary progression from an entry-level to a senior role at Vendor Payment can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

5. How can I determine if a salary offer from Vendor Payment in Chicago is fair given the local cost of living?

To determine if a salary offer from Vendor Payment in Chicago is fair, first compare the gross salary to our data for similar roles at Vendor Payment and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.

6. Are promotions at Vendor Payment usually accompanied by a significant salary increase?

Yes, promotions at Vendor Payment are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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