As of July 01, 2026, the average salary for an Electronic Payment Manager in Minnesota is $115,231 per year, which breaks down to an hourly rate of $55.
However, an Electronic Payment Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Electronic Payment Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $131,064 | $10,922 | $2,520 | $63 |
| Average | $115,231 | $9,603 | $2,216 | $55 |
| 25th Percentile | $97,657 | $8,138 | $1,878 | $47 |
Diverse Lynx - Minneapolis, MN
Careers Integrated Resources Inc - Minneapolis, MN
Tradition Capital Bank - Minneapolis, MN
Northfield Hospital & Clinics - Northfield, MN
An Electronic Payment Manager'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 Payment Manager'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 Payment Administrator I | 0-2 years | $64,257 |
| Electronic Payment Administrator II | 2-4 years | $70,708 |
| Electronic Payment Supervisor | 3-5 years | $114,942 |
| Electronic Payment Manager | 5+ years | $115,231 |
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 Payment Managers. 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 Payment Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $128,885. While startup companies pay approximate $108,998.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $108,998 |
| Growth Stage | 51~500 | $115,282 |
| Established | 501~5000 | $124,463 |
| Enterprise | 5000+ | $128,885 |
For Electronic Payment Manager roles, the industry you choose can affect earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 10% above the average. In contrast, Electronic Payment Manager positions in Internet or Insurance typically offer lower base pay, as these industries often view Electronic Payment Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $126,754 | $61.0 | 10% |
| Biotechnology | $126,754 | $61.0 | 10% |
| Business Services | $126,754 | $61.0 | 10% |
| Chemicals | $126,754 | $61.0 | 10% |
| Construction | $126,754 | $61.0 | 10% |
Understanding how an Electronic Payment Manager'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 | $131,064 | $10,922 | $2,520 | $63 |
| Average | $115,231 | $9,603 | $2,216 | $55 |
| 25th Percentile | $97,657 | $8,138 | $1,878 | $47 |
For an Electronic Payment Manager, the most direct path to higher earnings is advancing to the Credit and Collections Director role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $162,995 - a projected growth of 41% over your current level.
Ready to take the next step in your career? Browse thousands of current Electronic Payment Manager job openings on our job board. Use the search bar below to find your perfect match.
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