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Check processing clerk vs payment processor

The differences between check processing clerks and payment processors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a check processing clerk and a payment processor. Additionally, a payment processor has an average salary of $34,030, which is higher than the $33,447 average annual salary of a check processing clerk.

The top three skills for a check processing clerk include data entry errors, payment arrangements and credit card payments. The most important skills for a payment processor are customer service, patients, and data entry.

Check processing clerk vs payment processor overview

Check Processing ClerkPayment Processor
Yearly salary$33,447$34,030
Hourly rate$16.08$16.36
Growth rate-5%-5%
Number of jobs72,80933,161
Job satisfaction--
Most common degreeBachelor's Degree, 30%Bachelor's Degree, 35%
Average age5151
Years of experience66

Check processing clerk vs payment processor salary

Check processing clerks and payment processors have different pay scales, as shown below.

Check Processing ClerkPayment Processor
Average salary$33,447$34,030
Salary rangeBetween $26,000 And $41,000Between $27,000 And $42,000
Highest paying City-San Jose, CA
Highest paying state-Alaska
Best paying company-University of California, Berkeley
Best paying industry-Insurance

Differences between check processing clerk and payment processor education

There are a few differences between a check processing clerk and a payment processor in terms of educational background:

Check Processing ClerkPayment Processor
Most common degreeBachelor's Degree, 30%Bachelor's Degree, 35%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Check processing clerk vs payment processor demographics

Here are the differences between check processing clerks' and payment processors' demographics:

Check Processing ClerkPayment Processor
Average age5151
Gender ratioMale, 28.1% Female, 71.9%Male, 21.5% Female, 78.5%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%Black or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.4% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between check processing clerk and payment processor duties and responsibilities

Check processing clerk example responsibilities.

  • Manage accounts payable (a/p) team, ensuring daily goals are met (500-1000 invoices/day).
  • Place outbound calls to vehicle inspection vendors and financial institutions accuracy of treasury reports to reconcile any discrepancies.
  • Lift and unload containers of mail or parcels onto equipment for transportation to sortation stations.

Payment processor example responsibilities.

  • Manage and review all incoming discounts and electronic contractual adjustments for accuracy per the negotiated Medicaid and Medicare contracts ;.
  • Maintain daily transactions for customer payments and various bank accounts using Quickbooks to track transactions.
  • Prepare and print all reports for EDI processing.
  • Maintain client customer confidentiality and HIPAA regulations with all data handling and transfers.
  • Uphold and reinforce compliance with hospital policies and federal regulations such as HIPAA.
  • Investigate and take corrective action regarding invoices reject by system or through EDI.
  • Show more

Check processing clerk vs payment processor skills

Common check processing clerk skills
  • Data Entry Errors, 29%
  • Payment Arrangements, 17%
  • Credit Card Payments, 11%
  • Encode, 10%
  • Computer System, 9%
  • Customer Accounts, 8%
Common payment processor skills
  • Customer Service, 15%
  • Patients, 10%
  • Data Entry, 10%
  • ACH, 8%
  • Phone Calls, 5%
  • Credit Card Payments, 4%

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