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Salary

How much does a Payment Processor make?

The average salary for a Payment Processor is $42,947 per year in the US.

A Payment Processor plays a key role in the financial industry. They handle transactions and ensure that payments are processed smoothly. This job can be quite rewarding, both in terms of job satisfaction and salary. The average yearly salary for a Payment Processor is around $42,947. This figure can vary based on experience, location, and the specific company.

Payment Processors can expect to earn different salaries depending on their level of experience. For instance, those just starting out might earn closer to $30,500 per year. As they gain more experience, their salary can increase. The highest earners in this field can make up to $106,300 annually. This range shows that there is good potential for growth and advancement in this career.

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What are the highest paying cities for a Payment Processor?

Job seekers looking for Payment Processor roles can find some of the best salaries in Seattle, WA, with an average of $49,225. Charlotte, NC, offers a close second with an average salary of $45,924. Cincinnati, OH, rounds out the top three cities with a solid average of $43,716. These cities provide a mix of high demand and competitive pay, making them attractive options for professionals in this field. Phoenix, AZ, and San Antonio, TX, also offer strong salaries, with averages of $42,237 and $41,785, respectively. Milwaukee, WI, Indianapolis, IN, and Kansas City, MO, complete the list with notable average salaries.
Graph displaying highest paying cities salaries for Payment Processor jobs, highlighting Seattle, WA with the highest at $49,225 and Kansas City, MO with the lowest at $33,161.
  1. Seattle, WA
    Average Salary: $49,225
    Seattle offers a dynamic environment for those in the payment processing field. With tech giants like Amazon and Microsoft, the demand for payment processors is high. Professionals here enjoy a blend of innovation and stability.
    Find Payment Processor jobs in Seattle, WA


  2. Charlotte, NC
    Average Salary: $45,924
    Charlotte, known as the banking capital, provides a robust market for payment processors. Companies like Bank of America and Wells Fargo create numerous opportunities. The job market here is competitive and rewarding.
    Find Payment Processor jobs in Charlotte, NC


  3. Cincinnati, OH
    Average Salary: $43,716
    In Cincinnati, payment processors find a mix of traditional and modern businesses. The presence of companies like Procter & Gamble offers diverse roles. The city's growing tech scene adds to the appeal.
    Find Payment Processor jobs in Cincinnati, OH


  4. Phoenix, AZ
    Average Salary: $42,237
    Phoenix is a growing hub for payment processing jobs. The city's expanding economy attracts many businesses. Payment processors here benefit from a warm climate and a vibrant job market.
    Find Payment Processor jobs in Phoenix, AZ


  5. San Antonio, TX
    Average Salary: $41,785
    San Antonio offers a strong job market for payment processors. The presence of major companies like AT&T and H-E-B provides stability. The city's affordable cost of living makes it an attractive option.
    Find Payment Processor jobs in San Antonio, TX


  6. Milwaukee, WI
    Average Salary: $40,705
    Milwaukee provides a solid market for payment processors. The city's manufacturing base offers diverse opportunities. Companies like Johnson Controls and Harley-Davidson create a stable job environment.
    Find Payment Processor jobs in Milwaukee, WI


  7. Indianapolis, IN
    Average Salary: $36,083
    Indianapolis is a great place for payment processors. The city's growing tech sector offers many opportunities. Companies like Eli Lilly and Salesforce provide a dynamic work environment.
    Find Payment Processor jobs in Indianapolis, IN


  8. Kansas City, MO
    Average Salary: $33,161
    Kansas City offers a balanced job market for payment processors. The presence of companies like Sprint and AMC Theatres creates diverse roles. The city's affordable living and friendly community add to its appeal.
    Find Payment Processor jobs in Kansas City, MO

What are the best companies a Payment Processor can work for?

Fifth Third Bank offers one of the highest salaries for Payment Processor jobs, averaging around $47,396 annually. USA Clinics Group also provides a competitive salary, with an average of $44,800 per year. LERETA, LLC, TEKsystems, and Conduent follow closely, offering salaries ranging from $34,500 to $41,743. These companies provide attractive compensation packages for those in the Payment Processor field.
Graph displaying best paying company salaries for Payment Processor jobs, highlighting Fifth Third Bank with the highest at $47,396 and Conduent with the lowest at $34,500.
  1. Fifth Third Bank
    Average Salary: $47,396
    Fifth Third Bank offers rewarding Payment Processor jobs. They operate in many states across the U.S. Employees handle transactions and ensure smooth financial operations. They provide training and career growth opportunities.


  2. USA Clinics Group
    Average Salary: $44,800
    USA Clinics Group provides Payment Processor positions with a competitive salary. They have locations in several states. Job duties include managing payments and ensuring accuracy. They focus on employee development and offer a supportive work environment.


  3. LERETA, LLC
    Average Salary: $41,743
    LERETA, LLC offers Payment Processor jobs with a good salary. They operate in various locations. Employees handle financial transactions and support the company's operations. They value teamwork and offer growth opportunities.


  4. TEKsystems
    Average Salary: $38,730
    TEKsystems provides Payment Processor roles with a solid salary. They have offices in many areas. Employees work on processing payments and ensuring financial accuracy. They offer training and support for professional development.


  5. Conduent
    Average Salary: $34,500
    Conduent offers Payment Processor jobs with a good salary. They have locations in several regions. Employees manage payments and support financial operations. They focus on employee growth and provide a collaborative work environment.

How to earn more as a Payment Processor?

Becoming a Payment Processor offers many opportunities to earn more. This role involves handling financial transactions for businesses. To maximize earnings, consider these key factors:

  • Gain Certifications: Certifications can boost your skills and credibility. They show employers that you have the knowledge needed to handle complex transactions.
  • Expand Your Knowledge: Learn about different payment methods and technologies. Staying updated can help you handle transactions more efficiently.
  • Increase Your Experience: More experience can lead to higher pay. Seek roles that offer diverse challenges and responsibilities.
  • Network with Professionals: Connect with other Payment Processors. Networking can open doors to better job opportunities and salary increases.
  • Seek Advanced Roles: Look for positions that require more responsibility. Roles like Payment Processing Manager often pay more than entry-level positions.

By focusing on these areas, Payment Processors can enhance their skills and increase their earning potential. Employers value these qualities and are more likely to offer higher salaries to those who demonstrate them. Continuous learning and professional development are key to advancing in this field.

Currently 42 Payment Processor job openings, nationwide.

How's the job market for a Payment Processor in the US?

Learn what a Payment Processor does, how to become one, and understand the job outlook. Get simple steps to start your career as a Payment Processor today.
Position
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Payment Processor
42 Job Openings