How much does a Payment Manager make in the United States?

As of September 01, 2026, the average salary for a Payment Manager in the United States is $86,188 per year, which breaks down to an hourly rate of $41.

However, a Payment Manager's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $103,529
  • Majority Range (25th-75th percentile): $76,344 to $95,265
  • Entry-Level (10th percentile): $67,382

Key Factors That Influence Payment Manager Salaries

A 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, education and company size can directly affect your earning potential.

How Experience Level Affects Payment Manager Salaries?

Experience is a primary driver of a 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:

  • Entry-Level (less than 1 year): $83,454
  • Early Career (1-2 years): $83,864
  • Mid-Level (2-4 years): $84,821
  • Senior-Level (5-8 years): $85,914
  • Expert (over 8 years): $87,161
Levels Salary
Entry Level Payment Manager$83,454
Intermediate Level Payment Manager$83,864
Senior Level Payment Manager$84,821
Specialist Level Payment Manager$85,914
Expert Level Payment Manager$87,161

How Do Payment Manager Salaries Vary from State to State?

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 Payment Managers. For example, consider the average annual salaries in these key locations:
  • District of Columbia: $95,427.
  • California: $95,065.
  • Massachusetts: $93,798.

Top Paying Cities for Payment Managers

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:

  • San Jose: $108,709
  • San Francisco: $107,519
  • Oakland: $105,253

Payment Manager Salary by Industry: Top Paying Sectors

For Payment Manager roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 10% above the average. Conversely, Payment Manager positions in Business Services typically offer lower base pay, as this sector often view Payment Manager as a support function rather than a direct revenue driver.

The top paying industry for a Payment Manager

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Edu., Gov't. & Nonprofit$94,807$46.010%

How Education impacts a Payment Manager's Salary?

Your level of education can impact your salary potential. While many Payment Managers enter the field with a Associate's Degree degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Payment Manager with a Associate's Degree is between $71,780 and $78,989).

Payment Manager Salaries by Degree Level

Typical Education for Payment Manager
Degree Level % of user with this level of education
No Diploma 11.7%
High School 11.7%
Associates 10.8%
Bachelors 53.3%
Masters 24.2%
Doctorate 0.0%

Payment Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a 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.

Last Updated on September 01, 2026
$76,344
Average $86,188/year
$95,265
$6,362
Average $7,182/month
$7,939
$1,468
Average $1,657/week
$1,832
$37
Average $41/hour
$46
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $95,265 $7,939 $1,832 $46
Average $86,188 $7,182 $1,657 $41
25th Percentile $76,344 $6,362 $1,468 $37

Most common benefits for Payment Manager

  • Social Security
  • 401 (k)
  • Disability
  • Healthcare
  • Pension
  • Time Off (days)

Common company salaries for Payment Manager

Here are companies hiring for Payment Manager and their salaries, click below for more details.

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FAQ about Payment Manager

1. What industry pays the highest salary for Payment Manager?

The Edu., Gov't. & Nonprofit industry offers the highest average compensation for Payment Manager roles, with salaries approximately 10% above the market median.

Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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