Disbursement clerk vs payment processor

The differences between disbursement 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 disbursement clerk and a payment processor. Additionally, a disbursement clerk has an average salary of $34,661, which is higher than the $34,030 average annual salary of a payment processor.

The top three skills for a disbursement clerk include quality customer service, financial reports and government funds. The most important skills for a payment processor are customer service, patients, and data entry.

Disbursement clerk vs payment processor overview

	Disbursement Clerk	Payment Processor
Yearly salary	$34,661	$34,030
Hourly rate	$16.66	$16.36
Growth rate	-5%	-5%
Number of jobs	66,387	33,161
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 35%
Average age	51	51
Years of experience	6	6

Disbursement clerk vs payment processor salary

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

	Disbursement Clerk	Payment Processor
Average salary	$34,661	$34,030
Salary range	Between $27,000 And $43,000	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

Differences between disbursement clerk and payment processor education

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

	Disbursement Clerk	Payment Processor
Most common degree	Bachelor's Degree, 46%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Disbursement clerk vs payment processor demographics

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

	Disbursement Clerk	Payment Processor
Average age	51	51
Gender ratio	Male, 50.1% Female, 49.9%	Male, 21.5% Female, 78.5%
Race ratio	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% 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%

Differences between disbursement clerk and payment processor duties and responsibilities

Disbursement clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Establish and verify ATM accounts, prepare payroll checks, and process dependency applications and leave documents.
Utilize and maintain publications and directives pertaining to personnel administration and operate associated computer equipment including shipboard ATM.
Maintain cleanliness of the company warehouse, operate warehouse machinery and organize the warehouse to ensure proper product placement.
Work directly with IRS to settle service members' tax levies.
Execute general administrative and bookkeeping duties, vehicle billing, and maintain computerized bookkeeping system ADP.

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.

Disbursement clerk vs payment processor skills

Common disbursement clerk skills

Quality Customer Service, 28%
Financial Reports, 12%
Government Funds, 7%
Expense Reports, 6%
ATM, 6%
Pay Accounts, 6%

Common payment processor skills

Customer Service, 15%
Patients, 10%
Data Entry, 10%
ACH, 8%
Phone Calls, 5%
Credit Card Payments, 4%