Payment processor demographics and statistics in the US
Payment processor demographics research summary. Zippia estimates payment processor demographics and statistics in the United States by using a database of 30 million profiles. Our payment processor estimates are verified against BLS, Census, and current job openings data for accuracy. Zippia's data science team found the following key facts about payment processors after extensive research and analysis:
- There are over 18,682 payment processors currently employed in the United States.
- 78.5% of all payment processors are women, while 21.5% are men.
- The average payment processor age is 51 years old.
- The most common ethnicity of payment processors is White (67.4%), followed by Hispanic or Latino (14.5%), Black or African American (6.8%) and Asian (6.6%).
- Payment processors are most in-demand in New York, NY.
- The insurance industry is the highest-paying for payment processors.
- San Jose, CA pays an annual average wage of $41,031, the highest in the US.
- In 2022, women payment processors earned 98% of what men earned.
- 7% of all payment processors are LGBT.
- Washington is the best state for payment processors to live.
- Payment processors are 57% more likely to work at private companies in comparison to public companies.
On this page
Payment processor demographics by:
Payment processor gender statistics
78.5% of payment processors are women and 21.5% of payment processors are men.
- Female, 78.5%
- Male, 21.5%
Payment processor gender ratio
| Gender | Percentages |
|---|---|
| Female | 78.5% |
| Male | 21.5% |
Payment processor gender pay gap
Women earn 98¢ for every $1 earned by men
Male income
$34,431
Female income
$33,685
Payment processor gender ratio over time
This data breaks down the percentage of men and women in payment processor positions over time. Currently, 78.5% of payment processors are female.
Payment processor gender ratio by year
| Year | Male | Female |
|---|---|---|
| 2010 | 18.18% | 81.82% |
| 2011 | 18.77% | 81.23% |
| 2012 | 19.04% | 80.96% |
| 2013 | 19.06% | 80.94% |
| 2014 | 18.59% | 81.41% |
| 2015 | 20.09% | 79.91% |
| 2016 | 19.09% | 80.91% |
| 2017 | 19.98% | 80.02% |
| 2018 | 21.30% | 78.70% |
| 2019 | 18.29% | 81.71% |
| 2020 | 19.24% | 80.76% |
| 2021 | 21.55% | 78.45% |
Payment processor related jobs gender ratio
We compared payment processors with similar job titles to see how gender ratios vary. As you can see, time recorder and recovery agent have the biggest gender ratio gaps.
| Job title | Male | Female |
|---|---|---|
| Insurance Billing Clerk | 5% | 95% |
| Receptionist/Accounts Receivable | 5% | 95% |
| Directory Clerk | 7% | 93% |
| Payment Processor | 22% | 78% |
| Recovery Agent | 69% | 31% |
| Time Recorder | 71% | 29% |
Male
Female
100%
75%
50%
25%
0%
0%
25%
50%
75%
100%
Payment processor demographics by race
The most common ethnicity among payment processors is White, which makes up 67.4% of all payment processors. Comparatively, 14.5% of payment processors are Hispanic or Latino and 6.8% of payment processors are Black or African American.
- White, 67.4%
- Hispanic or Latino, 14.5%
- Black or African American, 6.8%
- Asian, 6.6%
- Unknown, 4.0%
- American Indian and Alaska Native, 0.7%
Payment processor race
| Payment processor race | Percentages |
|---|---|
| White | 67.4% |
| Hispanic or Latino | 14.5% |
| Black or African American | 6.8% |
| Asian | 6.6% |
| Unknown | 4.0% |
| American Indian and Alaska Native | 0.7% |
Payment processor race and ethnicity over time
See how payment processor racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.
Payment processor race and ethnicity by year
| Year | White | Black or African American | Asian | Hispanic or Latino |
|---|---|---|---|---|
| 2010 | 73.15% | 7.78% | 5.23% | 11.81% |
| 2011 | 72.65% | 8.26% | 5.40% | 11.66% |
| 2012 | 72.70% | 8.08% | 5.43% | 11.56% |
| 2013 | 71.95% | 8.12% | 5.85% | 11.98% |
| 2014 | 72.47% | 7.76% | 5.81% | 11.91% |
| 2015 | 71.78% | 7.55% | 5.99% | 12.38% |
| 2016 | 70.56% | 8.12% | 5.83% | 13.09% |
| 2017 | 71.14% | 7.45% | 6.18% | 12.84% |
| 2018 | 70.59% | 7.18% | 6.30% | 13.76% |
| 2019 | 71.57% | 7.04% | 6.34% | 12.88% |
| 2020 | 69.33% | 6.54% | 6.00% | 13.87% |
| 2021 | 67.42% | 6.85% | 6.59% | 14.55% |
Payment processor wage gap by race
According to our data, asian payment processors have the highest average salary compared to other ethnicities. Black or african american payment processors have the lowest average salary at $33,930.
| Ethnicity | Salary |
|---|---|
| Unknown | $34,188 |
| White | $34,207 |
| Black or African American | $33,930 |
| Asian | $35,442 |
| Hispanic or Latino | $34,408 |
Average payment processor age
See how the average age of payment processors varies based on ethnicity and gender.
Male
Female
Payment processor age by race and gender
| Race | Male age | Female age |
|---|---|---|
| Black or African American | 44 | 53 |
| Unknown | 40 | 49 |
| Asian | 49 | 50 |
| Hispanic or Latino | 42 | 46 |
| White | 47 | 55 |
| American Indian and Alaska Native | 49 |
Payment processor age breakdown
The average age of payment processors is 40+ years years old, representing 81% of the payment processor population.
Payment processor age breakdown
| Payment Processor Years | Percentages |
|---|---|
| 40+ years | 81% |
| 30-40 years | 15% |
| 20-30 years | 4% |
Payment processor educational attainment
The most common degree for payment processors is bachelor's degree, with 35% of payment processors earning that degree. The second and third most common degree levels are associate degree degree at 26% and associate degree degree at 22%.
- Bachelor's, 35%
- Associate, 26%
- High School Diploma, 22%
- Diploma, 7%
- Other Degrees, 10%
Payment processors by degree level
| Payment processor degree | Percentages |
|---|---|
| Bachelor's | 35% |
| Associate | 26% |
| High School Diploma | 22% |
| Diploma | 7% |
| Other Degrees | 10% |
Payment processor jobs you might like
Payment processor wage gap by degree level
According to the data, payment processors with a Bachelor's degree earn more than those without, at $35,340 annually. With a Master's degree, payment processors earn a median annual income of $35,014 compared to $34,852 for payment processors with an Associate degree.
| Education | Salary |
|---|---|
| Master's Degree | $35,014 |
| High School Diploma or Less | $34,780 |
| Bachelor's Degree | $35,340 |
| Some College/ Associate Degree | $34,852 |
Payment processor employment statistics
Most payment processors work for a private in the finance industry.
Company size where payment processors work
Below, you can see the size of companies where payment processors work.
Payment processor jobs by employer size
| Company size | Percentages |
|---|---|
| < 50 employees | 2% |
| 50 - 100 employees | 10% |
| 100 - 500 employees | 15% |
| 500 - 1,000 employees | 10% |
| 1,000 - 10,000 employees | 28% |
| > 10,000 employees | 34% |
Payment processor jobs by company type
Employees with the payment processor job title have their preferences when it comes to working for a company. For instance, most payment processors prefer to work at private companies over public companies.
Payment processor jobs by sector
| Company type | Percentages |
|---|---|
| Education | 2% |
| Public | 40% |
| Private | 57% |
| Government | 1% |
Payment processor jobs by industry
The most common industries for payment processors are finance, health care and professional.
Payment processor industry statistics
| Industry | Percentages |
|---|---|
| Finance | 23% |
| Fortune 500 | 16% |
| Health Care | 15% |
| Professional | 10% |
| Technology | 7% |
| Retail | 5% |
| Manufacturing | 4% |
| Insurance | 4% |
| Media | 2% |
| Telecommunication | 2% |
| Energy | 2% |
| Education | 2% |
| Pharmaceutical | 1% |
| Internet | 1% |
| Transportation | 1% |
| Government | 1% |
| Automotive | 1% |
| Utilities | 1% |
| Hospitality | 1% |
| Non Profits | 1% |
| Real Estate | 1% |
Payment processor turnover and employment statistics
Payment processor unemployment rate over time
The unemployment rate for payment processors between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.
Payment processor unemployment rate by year
| Year | Payment processor unemployment rate |
|---|---|
| 2010 | 7.59% |
| 2011 | 6.86% |
| 2012 | 5.76% |
| 2013 | 4.97% |
| 2014 | 3.61% |
| 2015 | 3.03% |
| 2016 | 3.09% |
| 2017 | 2.57% |
| 2018 | 2.46% |
| 2019 | 2.53% |
| 2020 | 3.31% |
| 2021 | 3.68% |
Average payment processor tenure
The average payment processor stays at their job for 1-2 years, based on the 6,008 payment processors resumes in Zippia's database.
Payment processor tenure statistics
| Number of years | Percentages |
|---|---|
| Less than 1 year | 24% |
| 1-2 years | 34% |
| 3-4 years | 14% |
| 5-7 years | 15% |
| 8-10 years | 5% |
| 11+ years | 7% |
Payment processor LGBT ratio compared to similar jobs
Review the percent of payment processors that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.
| Job title | LGBT | Job openings |
|---|---|---|
| Procurement Administrator | 6.59% | 56,668 |
| Payment Processor | 6.92% | - |
| Receiving Teller | 7.10% | 17,153 |
| Billing Consultant | 7.32% | 25,943 |
| Claims Account Specialist | 7.90% | 90,491 |
| Payroll Manager | 9.54% | 6,972 |
| Bank Vault Attendant | 10.47% | 47,488 |
Similar payment processor jobs LGBT demographics
| Profession | Percentages of LGBT | Job openings |
|---|---|---|
| Procurement Administrator | 6.59% | 56,668 |
| Receiving Teller | 7.10% | 17,153 |
| Billing Consultant | 7.32% | 25,943 |
| Claims Account Specialist | 7.90% | 90,491 |
| Payroll Manager | 9.54% | 6,972 |
| Bank Vault Attendant | 10.47% | 47,488 |
Foreign languages spoken by payment processors
The most common foreign language among payment processors is Spanish at 65.9%. The second-most popular foreign language spoken is French at 8.3% and Chinese is the third-most popular at 3.8%.
- Spanish, 65.9%
- French, 8.3%
- Chinese, 3.8%
- Italian, 3.8%
- Japanese, 3.0%
- Other, 15.2%
Payment processor languages spoken
| Foreign language | Percentages |
|---|---|
| Spanish | 65.9% |
| French | 8.3% |
| Chinese | 3.8% |
| Italian | 3.8% |
| Japanese | 3.0% |
| Other | 15.2% |
