Posting clerk vs payment processor

The differences between posting clerks and payment processors can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 6-12 months to become a posting clerk, becoming a payment processor takes usually requires 4-6 years. Additionally, a posting clerk has an average salary of $37,587, which is higher than the $34,030 average annual salary of a payment processor.

The top three skills for a posting clerk include data entry, patients and patient accounts. The most important skills for a payment processor are customer service, patients, and data entry.

Posting clerk vs payment processor overview

	Posting Clerk	Payment Processor
Yearly salary	$37,587	$34,030
Hourly rate	$18.07	$16.36
Growth rate	-3%	-5%
Number of jobs	66,943	33,161
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 37%	Bachelor's Degree, 35%
Average age	46	51
Years of experience	12	6

Posting clerk vs payment processor salary

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

	Posting Clerk	Payment Processor
Average salary	$37,587	$34,030
Salary range	Between $29,000 And $47,000	Between $27,000 And $42,000
Highest paying City	Buffalo, NY	San Jose, CA
Highest paying state	Michigan	Alaska
Best paying company	Pacific Medical	University of California, Berkeley
Best paying industry	Manufacturing	Insurance

Differences between posting clerk and payment processor education

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

	Posting Clerk	Payment Processor
Most common degree	Bachelor's Degree, 37%	Bachelor's Degree, 35%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Posting clerk vs payment processor demographics

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

	Posting Clerk	Payment Processor
Average age	46	51
Gender ratio	Male, 19.9% Female, 80.1%	Male, 21.5% Female, 78.5%
Race ratio	Black or African American, 10.6% Unknown, 4.3% Hispanic or Latino, 19.7% Asian, 7.2% White, 57.4% American Indian and Alaska Native, 0.9%	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 posting clerk and payment processor duties and responsibilities

Posting clerk example responsibilities.

Manage finance operations of assign USPS location.
Process transactions including, ACH information, payments and NSF fees.
Assist with monthly account reconciliations, perform reconciliation of cash accounts and researched/follow up with age or outstanding items.
Enter numeric data into PeopleSoft system and research unidentify cash payments receive from customers.
Respond to inquiries from internal organization and external customers regarding package processing, delivery information and services offer by USPS stores.

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.

Posting clerk vs payment processor skills

Common posting clerk skills

Data Entry, 17%
Patients, 16%
Patient Accounts, 11%
Medicaid, 7%
Computer System, 7%
Credit Card Payments, 6%

Common payment processor skills

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