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Payment processor salary
Average payment processor salary
$16.36
Understanding Payment Processor Salaries
As a payment processor, you play a pivotal role in managing financial transactions. The average salary for this position is approximately $34,030 annually, translating to about $16 per hour. Salaries can vary widely based on geographic location, years of experience, and the specific industry. For example, experienced payment processors in high-demand areas may earn significantly more.
Salary Variations by Experience
Entry-level payment processors can expect to earn lower salaries, while those with several years of experience often see an increase in their compensation. For instance, those with over five years in the field can command higher salaries, often exceeding $40,000 per year.
Top Paying States
States like California, New York, and Texas tend to offer the highest salaries for payment processors. Understanding the market trends in these regions can provide insights into potential earnings.
Explore Opportunities
For those considering a career in this field, various job platforms, including Zippia, offer resources to find suitable positions. Leverage these tools to navigate your career path effectively.
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Where can a Payment Processor earn more?
Payment processor salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level payment processor | $24,000 | $11.56 |
| Mid-level payment processor | $34,300 | $16.51 |
| Senior-level payment processor | $45,100 | $21.69 |
Payment processor salary estimates from across the web
Average payment processor salary by state
The average payment processor salary in Alaska, California, and Washington are the highest in the U.S. The lowest average payment processor salary states are Utah, Arkansas, and Florida.
- State view
- County view
Highest paying states for payment processors
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Washington | $40,159 | $19.31 |
| 2 | Alaska | $43,827 | $21.07 |
| 3 | New Jersey | $39,420 | $18.95 |
| 4 | Illinois | $37,865 | $18.20 |
| 5 | California | $40,278 | $19.36 |
| 6 | Tennessee | $34,308 | $16.49 |
| 7 | Rhode Island | $35,720 | $17.17 |
| 8 | Minnesota | $35,554 | $17.09 |
| 9 | Colorado | $36,745 | $17.67 |
| 10 | Massachusetts | $38,722 | $18.62 |
| 11 | Texas | $34,223 | $16.45 |
| 12 | Oregon | $35,209 | $16.93 |
| 13 | Arizona | $33,683 | $16.19 |
| 14 | Kentucky | $33,189 | $15.96 |
| 15 | Ohio | $32,815 | $15.78 |
| 16 | Pennsylvania | $32,879 | $15.81 |
| 17 | Connecticut | $37,130 | $17.85 |
| 18 | Vermont | $36,031 | $17.32 |
| 19 | New York | $36,244 | $17.43 |
| 20 | North Dakota | $34,621 | $16.64 |
| 21 | Delaware | $35,167 | $16.91 |
| 22 | District of Columbia | $36,960 | $17.77 |
| 23 | Indiana | $31,023 | $14.91 |
| 24 | New Hampshire | $32,436 | $15.59 |
| 25 | Virginia | $33,633 | $16.17 |
| 26 | Louisiana | $32,739 | $15.74 |
| 27 | Hawaii | $36,985 | $17.78 |
| 28 | Iowa | $30,764 | $14.79 |
| 29 | Nebraska | $30,105 | $14.47 |
| 30 | Wisconsin | $30,769 | $14.79 |
| 31 | Kansas | $30,682 | $14.75 |
| 32 | Maryland | $31,764 | $15.27 |
| 33 | Georgia | $31,068 | $14.94 |
| 34 | Nevada | $29,627 | $14.24 |
| 35 | Montana | $31,933 | $15.35 |
| 36 | Idaho | $31,091 | $14.95 |
| 37 | Missouri | $29,975 | $14.41 |
| 38 | Oklahoma | $30,560 | $14.69 |
| 39 | Wyoming | $30,646 | $14.73 |
| 40 | Utah | $28,928 | $13.91 |
| 41 | Michigan | $29,241 | $14.06 |
| 42 | Florida | $28,884 | $13.89 |
| 43 | Arkansas | $28,910 | $13.90 |
| 44 | North Carolina | $29,689 | $14.27 |
| 45 | South Dakota | $29,024 | $13.95 |
| 46 | Maine | $29,906 | $14.38 |
| 47 | New Mexico | $29,723 | $14.29 |
| 48 | Alabama | $29,320 | $14.10 |
| 49 | South Carolina | $27,694 | $13.31 |
| 50 | Mississippi | $26,632 | $12.80 |
| 51 | West Virginia | $23,609 | $11.35 |
Highest paying cities for payment processors
The highest-paying cities for payment processors are San Jose, CA, Vancouver, WA, and Jersey City, NJ.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Jose, CA | $41,031 | $19.73 |
| 2 | Vancouver, WA | $40,443 | $19.44 |
| 3 | Jersey City, NJ | $39,590 | $19.03 |
| 4 | Englewood, CO | $36,775 | $17.68 |
| 5 | New York, NY | $36,188 | $17.40 |
| 6 | Edina, MN | $35,462 | $17.05 |
| 7 | Newark, DE | $35,218 | $16.93 |
| 8 | San Antonio, TX | $34,414 | $16.55 |
| 9 | Brentwood, TN | $34,353 | $16.52 |
| 10 | Phoenix, AZ | $33,797 | $16.25 |
| 11 | Richmond, VA | $33,499 | $16.11 |
| 12 | Allentown, PA | $33,235 | $15.98 |
| 13 | Owensboro, KY | $32,964 | $15.85 |
| 14 | Columbus, OH | $32,427 | $15.59 |
| 15 | Baltimore, MD | $31,925 | $15.35 |
| 16 | Neenah, WI | $31,240 | $15.02 |
| 17 | Atlanta, GA | $31,186 | $14.99 |
| 18 | Indianapolis, IN | $30,841 | $14.83 |
| 19 | Des Moines, IA | $30,645 | $14.73 |
| 20 | Oklahoma City, OK | $30,603 | $14.71 |
Payment processor salary details
A payment processor's salary ranges from $27,000 a year at the 10th percentile to $42,000 at the 90th percentile.
What is a payment processor's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $42,000 | $3,500 | $20 |
| 75th Percentile | $38,000 | $3,167 | $18 |
| Average | $34,030 | $2,836 | $16 |
| 25th Percentile | $30,000 | $2,500 | $14 |
| 10th Percentile | $27,000 | $2,250 | $13 |
Highest paying payment processor jobs
The highest paying types of payment processors are accounts receivable analyst, account receivable associate, and account specialist.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Accountable Clerk | $38,120 | $3,177 | $18.33 | 81,209 |
| Accounting Clerk | $38,683 | $3,224 | $18.60 | 106,969 |
| Collections/Accounts Receivable | $38,949 | $3,246 | $18.73 | 30,523 |
| Accounts Receivable Analyst | $43,692 | $3,641 | $21.01 | 26,558 |
| Accounts Receivable Clerk | $36,425 | $3,035 | $17.51 | 87,935 |
| Accounts Payable Clerk | $38,333 | $3,194 | $18.43 | 89,564 |
Top companies hiring payment processors now:
Which companies pay payment processors the most?
Payment processor salaries at University of California, Berkeley and Google are the highest-paying according to our most recent salary estimates. In addition, the average payment processor salary at companies like NuVasive and Santander Bank are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | University of California-Berkeley | $48,484 | $23.31 |
| 2 | $47,947 | $23.05 | |
| 3 | NuVasive | $43,451 | $20.89 |
| 4 | Santander Bank | $43,257 | $20.80 |
| 5 | Zynex Medical | $42,580 | $20.47 |
| 6 | Pinnacol Assurance | $42,564 | $20.46 |
| 7 | BioCryst Pharmaceuticals | $42,361 | $20.37 |
| 8 | JPMorgan Chase & Co. | $42,346 | $20.36 |
| 9 | UMass Memorial Health | $41,760 | $20.08 |
| 10 | CSC Holdings LLC | $41,651 | $20.02 |
| 11 | UBS | $41,136 | $19.78 |
| 12 | Western Alliance Bank | $40,710 | $19.57 |
| 13 | Kiewit | $40,643 | $19.54 |
| 14 | Washington State University | $40,507 | $19.47 |
| 15 | JBS USA | $40,412 | $19.43 |
| 16 | BNP Paribas | $40,296 | $19.37 |
| 17 | Santander Private Banking International | $40,251 | $19.35 |
| 18 | West Fraser | $40,032 | $19.25 |
| 19 | City National Bank | $40,030 | $19.25 |
| 20 | Fay Servicing | $39,957 | $19.21 |
Wage gap by gender, race and education
Payment Processor salary by industry
The average payment processor salary varies across industries:
- The average payment processor salary in the insurance industry is $38,534, the highest of any industry.
- The average payment processor salary in the finance industry is $37,227.
- Payment processors in the technology industry earn an average salary of $34,593, the lowest of any industry.
Highest paying industries for payment processors
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Insurance | $38,534 | $18.53 |
| 2 | Finance | $37,227 | $17.90 |
| 3 | Retail | $36,730 | $17.66 |
| 4 | Health Care | $34,762 | $16.71 |
| 5 | Technology | $34,593 | $16.63 |
High paying payment processor jobs
Payment processor salary trends
The average payment processor salary has risen by $6,155 over the last ten years. In 2014, the average payment processor earned $27,875 annually, but today, they earn $34,030 a year. That works out to a 10% change in pay for payment processors over the last decade.
Compare payment processor salaries for cities or states with the national average over time.
Average payment processor salary over time
Compare payment processor salaries for individual cities or states with the national average.
Payment processor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $34,000 | $16.36 | +2.8% |
| 2024 | $33,100 | $15.91 | +2.4% |
| 2023 | $32,300 | $15.52 | +2.5% |
| 2022 | $31,500 | $15.14 | +2.2% |
| 2021 | $30,800 | $14.81 | +3.0% |
Recently added payment processor salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Memorialcare | Payment Specialist | Fountain Valley, CA | 06/29/2025 | $51,632 |
| Memorial Care Health System | Payment Specialist | Fountain Valley, CA | 06/29/2025 | $51,632 |
| Commerce Bancshares | Payment Processor-Lockbox (3RD Shift) | Kansas City, MO | 06/28/2025 | $36,523 |
| Fort Knox Federal Credit Union | Payments Specialist | Radcliff, KY | 06/28/2025 | $39,778 |
| Abound Credit Union | Payments Specialist | Radcliff, KY | 06/28/2025 | $39,778 |
| Xifin, Inc. | Payment Posting Specialist | Charleston, SC | 06/27/2025 | $41,740 |
| BNP Paribas | Analyst-Payments Junior Sanctions Specialist | Jersey City, NJ | 06/26/2025 | $60,000 |
| Teksystems | Retail Loan Payment Processor | Raleigh, NC | 06/25/2025 | $35,479 |
| Bankers Trust | Epayments ACH Specialist I | Des Moines, IA | 06/24/2025 | $44,200 |
| ABB Optical Group | Payment Queue Specialist | Coral Springs, FL | 06/24/2025 | $35,479 |
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