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Transaction Processor Careers

A transaction processor is a payment clerk that tracks payments, fine penalties, and other expenses. Transaction processors are usually employed by government offices, insurance companies, and other consumer businesses. Although individual duties differ according to their sector and ability, they execute tasks close to those of bookkeeping and accounting personnel.

Payment processors accept, register, and issue payment receipts made in person, online, on the phone, or by post. As such, customer care and accounting tasks are also performed by payment processors. They use several office and electronic equipments to manage and retain account records, enter alphanumeric details, codes, and financial reports. Payment processors may also prepare bank deposits, which require consistency.

Candidates must have a high school diploma or similar qualifications. However, some employers may favor someone with a bachelor's degree. Bureau of Labor Statistics calculated the median wages of payment processors, bookkeeping, and accounting clerks at $40,240 annually.

There is more than meets the eye when it comes to being a transaction processor. For example, did you know that they make an average of $16.54 an hour? That's $34,397 a year!

Between 2018 and 2028, the career is expected to grow 5% and produce 72,100 job opportunities across the U.S.

What Does a Transaction Processor Do

There are certain skills that many transaction processors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed communication skills, math skills and organizational skills.

When it comes to the most important skills required to be a transaction processor, we found that a lot of resumes listed 20.4% of transaction processors included source documents, while 19.2% of resumes included clerical tasks, and 18.6% of resumes included computer database. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the transaction processor job title. But what industry to start with? Most transaction processors actually find jobs in the finance and professional industries.

How To Become a Transaction Processor

If you're interested in becoming a transaction processor, one of the first things to consider is how much education you need. We've determined that 29.8% of transaction processors have a bachelor's degree. In terms of higher education levels, we found that 3.6% of transaction processors have master's degrees. Even though some transaction processors have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a transaction processor. When we researched the most common majors for a transaction processor, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on transaction processor resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a transaction processor. In fact, many transaction processor jobs require experience in a role such as customer service representative. Meanwhile, many transaction processors also have previous career experience in roles such as cashier or sales associate.

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Average Salary
$34,397
Average Salary
Job Growth Rate
5%
Job Growth Rate
Job Openings
5,418
Job Openings

Transaction Processor Career Paths

Top Careers Before Transaction Processor

Cashier
16.7 %

Top Careers After Transaction Processor

Cashier
10.5 %

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Transaction Processor

Transaction Processors in America make an average salary of $34,397 per year or $17 per hour. The top 10 percent makes over $49,000 per year, while the bottom 10 percent under $23,000 per year.
Average Salary
$34,397

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Transaction Processor
Transaction Processor
Randstad
Randstad
03/04/2021
03/04/2021
$31,30503/04/2021
$31,305
Transaction Processor
Transaction Processor
Randstad
Randstad
01/28/2021
01/28/2021
$31,30501/28/2021
$31,305
Single Streamline Application Processor-Transaction Processing Associate III
Single Streamline Application Processor-Transaction Processing Associate III
Conduent Incorporated
Conduent Incorporated
07/16/2020
07/16/2020
$35,47907/16/2020
$35,479
Single Streamline Application Processor-Transaction Processing Associate III
Single Streamline Application Processor-Transaction Processing Associate III
Conduent
Conduent
07/15/2020
07/15/2020
$35,47907/15/2020
$35,479
Healthcare Transaction Processor Honolulu
Healthcare Transaction Processor Honolulu
Conduent
Conduent
04/06/2020
04/06/2020
$29,21804/06/2020
$29,218

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Transaction Processor Resumes

Designing and figuring out what to include on your resume can be tough, not to mention time-consuming. That's why we put together a guide that is designed to help you craft the perfect resume for becoming a Transaction Processor. If you're needing extra inspiration, take a look through our selection of templates that are specific to your job.

Learn How To Write a Transaction Processor Resume

At Zippia, we went through countless Transaction Processor resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

View Detailed Information

Transaction Processor Demographics

Gender

female

68.7 %

male

27.1 %

unknown

4.3 %

Ethnicity

White

61.2 %

Hispanic or Latino

17.7 %

Black or African American

10.4 %

Foreign Languages Spoken

Spanish

67.1 %

Hmong

3.8 %

Portuguese

2.5 %
See More Demographics

Transaction Processor Education

Majors

Business
28.4 %

Degrees

Bachelors

29.4 %

Certificate

25.1 %

Associate

18.7 %
See More Education Info
Job type you want
Full Time
Part Time
Internship
Temporary

Top Skills For a Transaction Processor

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 20.4% of transaction processors listed source documents on their resume, but soft skills such as communication skills and math skills are important as well.

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Top Transaction Processor Employers

1. Xerox
4.7
Avg. Salary: 
$40,564
Transaction Processors Hired: 
981+
2. Fidelity Investments
4.8
Avg. Salary: 
$51,732
Transaction Processors Hired: 
98+
3. Conduent
3.6
Avg. Salary: 
$31,370
Transaction Processors Hired: 
94+
4. U.S. Bank
4.7
Avg. Salary: 
$40,754
Transaction Processors Hired: 
55+
5. Computershare
4.5
Avg. Salary: 
$33,538
Transaction Processors Hired: 
39+
6. Veritude
4.1
Avg. Salary: 
$41,578
Transaction Processors Hired: 
26+

Transaction Processor Videos

Updated October 2, 2020