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Clearing house clerk vs payment processor

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 vs payment processor overview

Clearing House ClerkPayment Processor
Yearly salary$33,479$34,030
Hourly rate$16.10$16.36
Growth rate-5%-5%
Number of jobs89,14933,161
Job satisfaction--
Most common degreeBachelor's Degree, 39%Bachelor's Degree, 35%
Average age5151
Years of experience66

Clearing house clerk vs payment processor salary

Clearing house clerks and payment processors have different pay scales, as shown below.

Clearing House ClerkPayment Processor
Average salary$33,479$34,030
Salary rangeBetween $26,000 And $42,000Between $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 clearing house clerk and payment processor education

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

Clearing House ClerkPayment Processor
Most common degreeBachelor's Degree, 39%Bachelor's Degree, 35%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Clearing house clerk vs payment processor demographics

Here are the differences between clearing house clerks' and payment processors' demographics:

Clearing House ClerkPayment Processor
Average age5151
Gender ratioMale, 32.2% Female, 67.8%Male, 21.5% Female, 78.5%
Race ratioBlack 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 Percentage7%7%

Differences between clearing house clerk and payment processor duties and responsibilities

Clearing house clerk example responsibilities.

  • Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
  • Screen all applicants to ensure prospective tenants meet the requirements of HUD.
  • Operate CPCS program with 10-key data entry to maintain accuracy of account information.
  • Utilize strong technical skills to fix problems with CPCS system used to do balancing and dispatch cut offs.
  • Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
  • Balance all transactions make via mail, phone or in person at the end of each day using PeopleSoft.
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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.
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Clearing house clerk vs payment processor skills

Common clearing house clerk skills
  • Customer Service, 61%
  • Customer Orders, 39%
  • Rent Payments, 0%
  • Scheduling Appointments, 0%
  • Computer System, 0%
  • Housing Assistance, 0%
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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