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Item processing clerk vs payment processor

The differences between item 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 an item processing clerk and a payment processor. Additionally, a payment processor has an average salary of $34,030, which is higher than the $31,994 average annual salary of an item processing clerk.

The top three skills for an item processing clerk include process checks, financial institutions and data entry. The most important skills for a payment processor are customer service, patients, and data entry.

Item processing clerk vs payment processor overview

Item Processing ClerkPayment Processor
Yearly salary$31,994$34,030
Hourly rate$15.38$16.36
Growth rate-5%-5%
Number of jobs73,88933,161
Job satisfaction--
Most common degreeBachelor's Degree, 33%Bachelor's Degree, 35%
Average age5151
Years of experience66

Item processing clerk vs payment processor salary

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

Item Processing ClerkPayment Processor
Average salary$31,994$34,030
Salary rangeBetween $26,000 And $38,000Between $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 item processing clerk and payment processor education

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

Item Processing ClerkPayment Processor
Most common degreeBachelor's Degree, 33%Bachelor's Degree, 35%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Item processing clerk vs payment processor demographics

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

Item Processing ClerkPayment Processor
Average age5151
Gender ratioMale, 26.4% Female, 73.6%Male, 21.5% Female, 78.5%
Race ratioBlack or African American, 6.8% Unknown, 4.0% Hispanic or Latino, 14.5% Asian, 6.6% White, 67.6% 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 item processing clerk and payment processor duties and responsibilities

Item processing clerk example responsibilities.

  • Image documents using IBM and NCR sorter machines, achieving high production while maintaining high quality control.
  • Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
  • Solve issues members would have with accounts and transactions at the ATM.
  • Reprocess checks on NCR 7780 and sort as appropriate to meet dispatch deadlines.
  • Compile and reconcile several accounting reports for DDA desk and bank operations note teller transactions.
  • Key missing amount, account, and other require MICR line fields in accordance with procedures.
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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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Item processing clerk vs payment processor skills

Common item processing clerk skills
  • Process Checks, 24%
  • Financial Institutions, 12%
  • Data Entry, 11%
  • ATM, 6%
  • Account Numbers, 5%
  • Lockbox, 5%
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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