Velocity Merchant Services Salary

Velocity Merchant Services Salary

How Much Does Velocity Merchant Services Pay for employees?

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As of August 2026, the average annual salary for employees at Velocity Merchant Services in the United States is $85,783. This translates to an approximate hourly wage of $41. Salaries at Velocity Merchant Services typically range from $75,225 to $97,366 annually, reflecting the diverse roles and experience levels within the company. Velocity Merchant Services’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Velocity Merchant Services Pay for Different Roles?

The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.

Digital Services Specialist

$34,932 / year

Salary Range: $31,525 - $38,948

Security Services

Contact Center Agent

$86,351 / year

Salary Range: $75,884 - $100,095

Sales

Fraud and Security Specialist

$91,520 / year

Salary Range: $78,966 - $105,937

Security Services

Digital Support Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

Business Anaylst

$136,585 / year

Salary Range: $115,388 - $156,730

Library

Digital Banking Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Velocity Merchant Services.
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About Velocity Merchant Services: Company Profile

Website
www.getvms.com
Founded In
1997
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Location
DOWNERS GROVE
Revenue
<$5 Million
Phone Number
-
Social Media
About VELOCITY MERCHANT SERVICES
VMS is an Illinois-based company founded in 1998 that specializes in credit card and debit card processing, gift cards, check guarantees and website development. VMS strives to add value and convenience to your business by helping you achieve your business's goals within your industry. In order to remain an industry-leading provider of payment systems and services for retail, restaurant, service,

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Velocity Merchant Services's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Work-life balance depends heavily on manager support. Whether you’re in asset management, consulting, or fintech, you’ll find challenging work and a team that supports your growth. Highly collaborative workplace with strong systems in place. Employees seeking creative problem-solving and rapid career growth might find the environment restrictive. It’s a suitable environment for individuals who app...
Commented in May 06, 2025
27
3
It’s a stable, rewarding environment with a positive long-term outlook. From team-building to consistent communication, they truly care about culture. We’re encouraged to contribute ideas, and our efforts are acknowledged. Family emergencies are accommodated. The company regularly benchmarks offerings against industry leaders. Cross-functional projects are rare. We understand the company's goals a...
Commented in November 26, 2024
38
2
Knowledge sharing happens naturally. It’s a solid company for those who value structure over flexibility or dynamic projects. It's exciting to be part of an institution shaping the future of finance. The company has a clear structure and defined expectations.
Commented in February 26, 2024
19
3

How Velocity Merchant Services's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Velocity Merchant Services’s pay competitiveness. Click on a company for a deeper dive.

Is Velocity Merchant Services’s Pay Competitive? Salary Benchmarking Analysis

How does Velocity Merchant Services’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Velocity Merchant Services
Financial Services
VISTA WEALTH MANAGEMENT GROUP, LLC
VA ENTERPRISES, LLC
Industry Comparison
Our data shows that, on average, compensation at Velocity Merchant Services is below the average for the U.S. Financial Services industry by approximately 29%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Velocity Merchant Services average annual salary with several similar companies. Velocity Merchant Services average salary of $85,783 is lower than VISTA WEALTH MANAGEMENT GROUP, LLC, which has an average salary of $102,416. It is higher than VA ENTERPRISES, LLC, with their average salary at $80,306. This places Velocity Merchant Services in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

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 Velocity Merchant Services.
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 Velocity Merchant Services, 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 Velocity Merchant Services 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.

Most Common Questions About Velocity Merchant Services

FAQ 1: What is the typical salary range (low to high) for most roles at Velocity Merchant Services?
The typical annual salary range for most roles at Velocity Merchant Services is approximately from $75,225 to $97,366. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
FAQ 2: How much does Velocity Merchant Services pay compared to VISTA WEALTH MANAGEMENT GROUP, LLC?
The average annual salary at Velocity Merchant Services is $85,783, or an hourly wage of $41, in comparison to VISTA WEALTH MANAGEMENT GROUP, LLC which pays $102,416 per year or $49 per hour.
FAQ 3: How does experience level affect salary at Velocity Merchant Services?
Experience level is a significant factor in determining salary at Velocity Merchant Services, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.
FAQ 4: How can I determine if a salary offer from Velocity Merchant Services in Chicago is fair given the local cost of living?
To determine if a salary offer from Velocity Merchant Services in Chicago is fair, first compare the gross salary to our data for similar roles at Velocity Merchant Services and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.
FAQ 5: Are the salaries listed for Velocity Merchant Services on Salary.com pre-tax or after-tax?
All salary figures displayed for Velocity Merchant Services, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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