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Job outlook for payment processors in the United States
Payment processor job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected payment processor job growth rate is -5% from 2018-2028.
About -77,200 new jobs for payment processors are projected over the next decade.
Payment processor salaries have increased 10% for payment processors in the last 5 years.
There are over 18,682 payment processors currently employed in the United States.
There are 33,161 active payment processor job openings in the US.
The average payment processor salary is $34,030.
Are payment processor jobs in demand?
Payment processor job and salary trends over time
Payment processor jobs over time
Payment processor job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 18,682 | 0.01% |
| 2020 | 17,872 | 0.01% |
| 2019 | 18,722 | 0.01% |
| 2018 | 18,942 | 0.01% |
| 2017 | 18,966 | 0.01% |
Average payment processor salary over time
Payment processor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $34,030 | $16.36 | +2.9% |
| 2025 | $33,083 | $15.91 | +2.5% |
| 2024 | $32,288 | $15.52 | +2.5% |
| 2023 | $31,486 | $15.14 | +2.2% |
| 2022 | $30,804 | $14.81 | +3.1% |
Payment processor jobs by state
Most common states for payment processors
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 76 | 11% |
| 2 | Nebraska | 1,920,076 | 151 | 8% |
| 3 | Arizona | 7,016,270 | 497 | 7% |
| 4 | Minnesota | 5,576,606 | 405 | 7% |
| 5 | Oregon | 4,142,776 | 271 | 7% |
| 6 | Utah | 3,101,833 | 221 | 7% |
| 7 | Rhode Island | 1,059,639 | 76 | 7% |
| 8 | Pennsylvania | 12,805,537 | 748 | 6% |
| 9 | Virginia | 8,470,020 | 471 | 6% |
| 10 | Massachusetts | 6,859,819 | 427 | 6% |
| 11 | Tennessee | 6,715,984 | 373 | 6% |
| 12 | Maryland | 6,052,177 | 369 | 6% |
| 13 | Colorado | 5,607,154 | 360 | 6% |
| 14 | Missouri | 6,113,532 | 347 | 6% |
| 15 | Iowa | 3,145,711 | 192 | 6% |
| 16 | New Hampshire | 1,342,795 | 86 | 6% |
| 17 | South Dakota | 869,666 | 48 | 6% |
| 18 | New Jersey | 9,005,644 | 459 | 5% |
| 19 | Washington | 7,405,743 | 390 | 5% |
| 20 | Alaska | 739,795 | 40 | 5% |
Most common cities for payment processors
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Duluth | 3 | 10% | $31,228 |
| 2 | Middle River | 2 | 8% | $32,008 |
| 3 | Glastonbury | 2 | 6% | $37,303 |
| 4 | Burbank | 2 | 2% | $40,038 |
| 5 | Livonia | 2 | 2% | $29,191 |
| 6 | Atlanta | 6 | 1% | $31,186 |
| 7 | Boston | 4 | 1% | $38,723 |
| 8 | Miami | 3 | 1% | $29,018 |
| 9 | Sacramento | 3 | 1% | $40,867 |
| 10 | Birmingham | 2 | 1% | $29,352 |
| 11 | Cincinnati | 2 | 1% | $31,739 |
| 12 | Des Moines | 2 | 1% | $30,645 |
| 13 | Austin | 4 | 0% | $34,216 |
| 14 | Baltimore | 3 | 0% | $31,925 |
| 15 | Dallas | 3 | 0% | $34,006 |
| 16 | Los Angeles | 3 | 0% | $40,032 |
| 17 | San Diego | 3 | 0% | $39,558 |
| 18 | Phoenix | 2 | 0% | $33,797 |
Payment Processor job outlook: Expert opinions
Our panel of payment processor experts
Oklahoma State University
Rachel Domnick
Instructor of Professional Practice, MS Program CoordinatorOklahoma State University
School of Accounting
What hard/technical skills are most important for Payment Processors?
Rachel Domnick: In designing this effort, our master's faculty selected five key competencies from the Korn Ferry Leadership Architect framework to augment the technical skills that are the focus of our program. Those competencies include ensuring accountability, managing ambiguity, collaborating, communicating effectively, and self-awareness. As part of the first course in our master's program, students are introduced to these competencies and guided to understand how they tie into the accounting profession. Students are provided with resources to understand the competencies, and instructors explicitly label activities and assignments with the competencies to which it ties.
Further, at multiple points during their master's experience, each student receives an individualized report containing feedback from master's faculty and their fellow master's students. Students also have the opportunity to understand better the feedback they've received through tailored sessions with a career center staff person trained in the Korn Ferry framework.