Position
Salary

How much does a Payment Processor make?

The average salary for a Payment Processor is $42,964 per year in the US.

Payment processors handle financial transactions for businesses. They play a key role in making sure that payments are processed smoothly and securely. The average yearly salary for a payment processor is around $42,964. This can vary based on experience, location, and the specific company.

Most payment processors earn between $30,500 and $112,540 per year. The salary range shows that there are many opportunities for growth. Entry-level positions start at the lower end of the scale. As a payment processor gains experience, they can move up to higher-paying roles. Some processors also earn bonuses and other benefits, which can increase their total income.

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What are the highest paying cities for a Payment Processor?

Payment processor jobs offer competitive salaries in several major cities. Chicago, IL, leads with an average salary of $53,454. Seattle, WA, follows closely with an average salary of $50,606. Charlotte, NC, offers a solid average salary of $46,826. Cincinnati, OH, Indianapolis, IN, and Kansas City, MO, also provide attractive salaries for payment processors. These cities offer a mix of job opportunities and living costs that make them attractive to professionals in this field.
Graph displaying highest paying cities salaries for Payment Processor jobs, highlighting Chicago, IL with the highest at $53,454 and Kansas City, MO with the lowest at $33,161.
  1. Chicago, IL
    Average Salary: $53,454
    Chicago offers a dynamic environment for those in the payment processing field. With major financial institutions, the city provides ample opportunities for growth. Companies like JPMorgan Chase and Citadel are prominent employers in this sector.
    Find Payment Processor jobs in Chicago, IL


  2. Seattle, WA
    Average Salary: $50,606
    Seattle is a hub for tech companies, making it a great place for payment processors. The tech-savvy environment fosters innovation and career advancement. Major players like Amazon and Microsoft offer exciting roles in this field.
    Find Payment Processor jobs in Seattle, WA


  3. Charlotte, NC
    Average Salary: $46,826
    Charlotte is known as a financial center, providing many opportunities for payment processors. The city's strong banking sector offers stability and growth. Companies such as Bank of America and Wells Fargo are key employers.
    Find Payment Processor jobs in Charlotte, NC


  4. Cincinnati, OH
    Average Salary: $43,716
    Cincinnati offers a balanced mix of urban and suburban life, ideal for payment processors. The city's growing tech scene provides diverse job opportunities. Companies like Fifth Third Bank and Procter & Gamble are notable employers.
    Find Payment Processor jobs in Cincinnati, OH


  5. Indianapolis, IN
    Average Salary: $36,000
    Indianapolis is a growing city with a strong economy, offering good prospects for payment processors. The presence of major corporations provides stability and career growth. Companies like Eli Lilly and Anthem are significant employers.
    Find Payment Processor jobs in Indianapolis, IN


  6. Kansas City, MO
    Average Salary: $33,161
    Kansas City offers a supportive environment for payment processors. The city's diverse economy provides various job opportunities. Companies like Sprint and HCA Healthcare are key employers in this field.
    Find Payment Processor jobs in Kansas City, MO

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

Job seekers looking for roles in payment processing can find attractive opportunities with Fifth Third Bank, USA Clinics Group, and LERETA, LLC. These companies offer competitive salaries, with Fifth Third Bank leading at $46,975 per year. USA Clinics Group and LERETA, LLC follow closely, providing salaries of $44,800 and $41,482, respectively. TEKsystems and Conduent also offer positions in payment processing, with average salaries of $38,730 and $34,545. These companies provide a range of benefits and career growth opportunities. Exploring these options can help job seekers find a role that matches their skills and career goals.
Graph displaying best paying company salaries for Payment Processor jobs, highlighting Fifth Third Bank with the highest at $46,975 and Conduent with the lowest at $34,545.
  1. Fifth Third Bank
    Average Salary: $46,975
    Fifth Third Bank offers competitive salaries for Payment Processor jobs. They have locations across the United States, including Ohio, Michigan, and Indiana. The company values teamwork and innovation, providing a supportive environment for career growth.


  2. USA Clinics Group
    Average Salary: $44,800
    USA Clinics Group provides a good salary for Payment Processor positions. They operate in various states, such as California, Texas, and Florida. The company focuses on patient care and efficiency, offering a dynamic work environment.


  3. LERETA, LLC
    Average Salary: $41,482
    LERETA, LLC offers a solid salary for Payment Processor jobs. They have offices in Washington, D.C., and Maryland. The company emphasizes quality and customer service, providing a stable and rewarding work experience.


  4. TEKsystems
    Average Salary: $38,730
    TEKsystems provides a respectable salary for Payment Processor roles. They have locations nationwide, including major cities like New York, Chicago, and Los Angeles. The company promotes professional development and offers diverse opportunities.


  5. Conduent
    Average Salary: $34,545
    Conduent offers a competitive salary for Payment Processor jobs. They have offices in many states, including New Jersey, Pennsylvania, and Arizona. The company values efficiency and innovation, providing a supportive work environment.

How to earn more as a Payment Processor?

Becoming a Payment Processor offers many opportunities to increase your earnings. By focusing on key areas, you can enhance your skills and value. This can lead to higher pay and more job satisfaction. One way to boost your earnings is by gaining more certifications. These can make you more attractive to employers. Another way is to specialize in a particular type of payment processing. This can open up higher-paying job opportunities.

Expanding your network can also lead to better-paying jobs. Networking with other professionals in the industry can help you learn about new opportunities. Attending industry events and joining professional groups can be very helpful. Another factor is gaining experience in different areas of payment processing. This can make you more versatile and valuable to employers. Finally, staying updated with the latest trends and technologies can help you perform better. This can lead to higher pay and more job security.

Here are five factors to consider for earning more as a Payment Processor:

  1. Certifications: Obtain relevant certifications to enhance your skills and marketability.
  2. Specialization: Focus on a specific area of payment processing to attract higher-paying jobs.
  3. Networking: Build connections with other professionals to discover new opportunities.
  4. Experience: Gain experience in various aspects of payment processing to become more versatile.
  5. Continuous Learning: Stay updated with the latest trends and technologies in the industry.

Currently 62 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.
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Payment Processor
62 Job Openings