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The differences between clearing house 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 clearing house clerk and a payment processor. Additionally, a payment processor has an average salary of $34,030, which is higher than the $33,479 average annual salary of a clearing house clerk.
The top three skills for a clearing house clerk include customer service, customer orders and rent payments. The most important skills for a payment processor are customer service, patients, and data entry.
| Clearing House Clerk | Payment Processor | |
| Yearly salary | $33,479 | $34,030 |
| Hourly rate | $16.10 | $16.36 |
| Growth rate | -5% | -5% |
| Number of jobs | 89,149 | 33,161 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 39% | Bachelor's Degree, 35% |
| Average age | 51 | 51 |
| Years of experience | 6 | 6 |
Clearing house clerks and payment processors have different pay scales, as shown below.
| Clearing House Clerk | Payment Processor | |
| Average salary | $33,479 | $34,030 |
| Salary range | Between $26,000 And $42,000 | Between $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 |
There are a few differences between a clearing house clerk and a payment processor in terms of educational background:
| Clearing House Clerk | Payment Processor | |
| Most common degree | Bachelor's Degree, 39% | Bachelor's Degree, 35% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between clearing house clerks' and payment processors' demographics:
| Clearing House Clerk | Payment Processor | |
| Average age | 51 | 51 |
| Gender ratio | Male, 32.2% Female, 67.8% | Male, 21.5% Female, 78.5% |
| Race ratio | Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.3% Asian, 6.5% White, 67.8% 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 Percentage | 7% | 7% |