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As of August 01, 2026, the average salary for an Electronic Payments Processor in Illinois is $64,000 per year, which breaks down to an hourly rate of $31.
However, an Electronic Payments Processor's salary can vary significantly. Here’s a look at the typical salary range:
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Electronic Payments Processor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $70,820 | $5,902 | $1,362 | $34 |
| Average | $64,000 | $5,333 | $1,231 | $31 |
| 25th Percentile | $59,040 | $4,920 | $1,135 | $28 |
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An Electronic Payments Processor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of an Electronic Payments Processor's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Electronic Payments Processor | 0-2 years | $64,000 |
| Senior E-Billing Coordinator | 2-4 years | $70,429 |
| E-Billing Supervisor | 3-5 years | $114,501 |
| E-Billing Manager | 5+ years | $114,784 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Electronic Payments Processors. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Electronic Payments Processor salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $71,644. While startup companies pay approximate $60,609.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $60,609 |
| Growth Stage | 51~500 | $64,102 |
| Established | 501~5000 | $69,185 |
| Enterprise | 5000+ | $71,644 |
For Electronic Payments Processor roles, the industry you choose can affect earning potential by as much as 35% (the gap between the highest and lowest paying industries). Data shows that the Pharmaceuticals and Internet sectors offer the strongest compensation, at 20% above the average. In contrast, Electronic Payments Processor positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Electronic Payments Processor as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Pharmaceuticals | $76,800 | $37.0 | 20% |
| Internet | $75,520 | $36.0 | 18% |
| Aerospace & Defense | $71,680 | $34.0 | 12% |
| Construction | $70,400 | $34.0 | 10% |
| Insurance | $69,120 | $33.0 | 8% |
Understanding how an Electronic Payments Processor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $70,820 | $5,902 | $1,362 | $34 |
| Average | $64,000 | $5,333 | $1,231 | $31 |
| 25th Percentile | $59,040 | $4,920 | $1,135 | $28 |
Promotions are the fastest way to increase your earnings. As an Electronic Payments Processor, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Consumer Credit/Collections Analyst, Experienced | $69,100 | 8% |
| Senior E-Billing Coordinator | $70,500 | 10% |
Ready to take the next step in your career? Browse thousands of current Electronic Payments Processor job openings on our job board. Use the search bar below to find your perfect match.
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