Payment processor vs data entry processor

The differences between payment processors and data entry processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a payment processor, becoming a data entry processor takes usually requires 1-2 years. Additionally, a payment processor has an average salary of $34,030, which is higher than the $32,567 average annual salary of a data entry processor.

The top three skills for a payment processor include customer service, patients and data entry. The most important skills for a data entry processor are data entry system, computer database, and laboratory specimens.

Payment processor vs data entry processor overview

	Payment Processor	Data Entry Processor
Yearly salary	$34,030	$32,567
Hourly rate	$16.36	$15.66
Growth rate	-5%	-8%
Number of jobs	33,161	83,470
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 30%
Average age	51	44
Years of experience	6	2

What does a payment processor do?

A payment processor is responsible for managing and informing the clients of their payment obligations for the services offered by a financial institution or other related organizations. Payment processors record transactions and ensure the timely completion of account statements. They discuss the terms and conditions of the service contract with the clients and respond to their inquiries and concerns. A payment processor must have excellent communication and organizational skills, especially in coming up with repayment plans and solutions for clients who are not able to pay services in time.

What does a data entry processor do?

A data entry processor is primarily in charge of performing data entry tasks in a company or office. Their responsibilities revolve around updating databases and spreadsheets, coordinating with different departments to gather data, conducting extensive research and analysis, and keeping an eye for errors and inconsistencies. Moreover, a data entry professor may perform administrative support tasks such as preparing and processing documents, answering calls and correspondence, organizing files, monitoring office supply inventory and schedules, and helping staff in projects and programs when necessary.

Payment processor vs data entry processor salary

Payment processors and data entry processors have different pay scales, as shown below.

	Payment Processor	Data Entry Processor
Average salary	$34,030	$32,567
Salary range	Between $27,000 And $42,000	Between $27,000 And $39,000
Highest paying City	San Jose, CA	Chicago, IL
Highest paying state	Alaska	Alaska
Best paying company	University of California, Berkeley	Cognizant
Best paying industry	Insurance	Insurance

Differences between payment processor and data entry processor education

There are a few differences between a payment processor and a data entry processor in terms of educational background:

	Payment Processor	Data Entry Processor
Most common degree	Bachelor's Degree, 35%	Bachelor's Degree, 30%
Most common major	Business	Business
Most common college	University of Pennsylvania	-

Payment processor vs data entry processor demographics

Here are the differences between payment processors' and data entry processors' demographics:

	Payment Processor	Data Entry Processor
Average age	51	44
Gender ratio	Male, 21.5% Female, 78.5%	Male, 22.9% Female, 77.1%
Race ratio	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%	Black or African American, 9.8% Unknown, 4.7% Hispanic or Latino, 21.5% Asian, 8.4% White, 54.8% American Indian and Alaska Native, 0.8%
LGBT Percentage	7%	5%

Differences between payment processor and data entry processor duties and responsibilities

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.

Data entry processor example responsibilities.

Complete all data entry necessary to fulfill regulatory requirements for HIPPA.
Key dental claims, pharmacy claims, VA claims, and Medicaid.
Calculate allow amounts for medications administrate by using ICD 9 and CPT codes.
Process behavioral health claims representing the medicaid division for the entire state of Virginia.
Assemble data in format request by client using SQL and in-house data management software.
Maintain files and records, also the confidentiality of all lab information according to HIPPA and laboratory policy.

Payment processor vs data entry processor skills

Common payment processor skills

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

Common data entry processor skills

Data Entry System, 28%
Computer Database, 13%
Laboratory Specimens, 7%
Computer System, 5%
Centrifuges, 4%
WPM, 4%

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Payment Processor
Payment Processor vs Data Entry Processor

Updated January 8, 2025

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