Electronic Accounts Payment Processor Salary
The average rate for an Electronic Accounts Payment Processor is $15.00 per hour.
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$25,296 - $43,117|
|Hourly Rate||$12.03 - $20.29|
|Total Pay (||$25,296 - $43,117|
Job Description for Electronic Accounts Payment Processor
Electronic accounts payments processors assist with clients' and companies' financial transactions, making sure that payments are processed smoothly. They must respond to inquiries from any relevant parties (such as outside vendors and departments within their company) with accurate information in a timely manner. Additionally, electronic accounts payment processors must perform reconciliations as necessary and prepares invoices for payment in line with company standards. At times, the processor may need to be in contact with a third party, such as an insurance company; being able to use the phone and email applications is essential to communicate with all relevant parties, keeping mistakes to a minimum and avoiding delays in processing financial transactions.Read More...
Because processors work with money, attention to detail is necessary; mistakes can be damaging and cause delays, so it is important for the processor to be able to remained focused and on-task for long periods of time. Processors need to be organized and document their work to ensure they have accurate, up-to-date records of all transactions.
For most electronic accounts payment processor jobs, a high school diploma or equivalent is required; experience is generally needed as well. Some employers may prefer applicants have an associate's degree. Additionally, these professionals must be proficient with basic computer software and have good communication skills. Electronic accounts payment processors generally work full time during regular business hours in an office setting. This position is mostly sedentary and has minimal physical requirements. (Copyright 2017 PayScale.com)
Electronic Accounts Payment Processor Tasks
- Maintain and review financial records to ensure completeness, accuracy, and compliance with regulations.
- Monitor budgets and report overages or shortages.
- Conduct data entry and identify and isolate errors or discrepancies.
- Review payroll, purchase requisitions, receipts, and maintain all documentation.
Electronic Accounts Payment Processor Job Listings
Pay by Experience Level for Electronic Accounts Payment Processor
Pay by Experience for an Electronic Accounts Payment Processor has a positive trend. An entry-level Electronic Accounts Payment Processor with less than 5 years of experience can expect to earn an average total compensation of $32,000 based on 37 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Electronic Accounts Payment Processor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $34,000 based on 19 salaries. An experienced Electronic Accounts Payment Processor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $34,000 based on 13 salaries. An Electronic Accounts Payment Processor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $38,000 based on 10 salaries.
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Key Stats for Electronic Accounts Payment Processor
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