Payment Analyst Salary in Madison, Wisconsin

How much does a Payment Analyst make in Madison, WI?

As of March 01, 2025, the average annual salary for a Payment Analyst in Madison, WI is $55,877. According to Salary.com, salaries can range from a low of $42,036 to a high of $72,373, with most professionals earning between $48,632 and $64,511.

Search Payment Analyst Jobs in Madison, WI

Develop a Job description

Pay Equity

2024 Compensation Trend

Benefits Consulting

Salary range for a Payment Analyst

$48,632 to $64,511

Employers: Find Surveys For This Job

Employers: Price Your Company Jobs

View Average Salary for United States
Adjust Payment Analyst Salary:
Select State
Select City in WI
Choose Similar Job
Pick Related Category
View Cost of Living in Madison, Wisconsin

Facing Salary Structure Challenges? Let Our Expert Guide You

The job market is increasingly challenging. Our whitepaper, Navigating the Challenges of Creating Salary Structures, offers guidance on creating salary structures. Provide your phone number and work email to download the full version.

We will handle your contact details in line with our Privacy Policy. If you prefer not to receive marketing emails from Salary.com, you can opt-out out of marketing communications at any time by clicking unsubscribe.

Payment Analyst

Review the job openings and experience requirements for the Payment Analyst job to confirm that it is the job you are seeking.

See user submitted job responsibilities for Payment Analyst.

Search Payment Analyst Job Openings

Job Openings for Payment Analyst in Madison, WI

What does a Payment Analyst do?

Common responsibilities of a Payment Analyst

Understand network and system vulnerabilities and provide recommended counter measures or mitigating controls to reduce payments risk to an acceptable and manageable level.

August 23, 2022

Manages monthly processing of Request for Refund letters to be managed, including, letter creation, facilitating the mail out of letters, ensuring reporting mechanism is updated with date letter(s) are sent.

August 29, 2022

Communicates directly and liaises with technical departments/Investigator Payments Programming Lead on changes to projects that affect site payment report programming.

December 30, 2022

Review the site payment report based on the required due date for payments to be made to make sure the report is correct and free of errors before processing any payments.

January 13, 2023

Assists in training and working with the Provider Customer Service team to answer questions or help to respond to any questions.

January 30, 2023

Provide support and participate in the development of requirements, sourcing, selection, and implementation of prospective third-party business partners and products in consumer payments, summarize findings and action plans for proposed partners and products for the lines of business and Enterprise Consumer Payments management.

February 28, 2023

Demonstrated experience in multiple advanced analytics techniques such as inferential statistics, forecasting, data extrapolation, and predictive modeling.

April 14, 2023

Works with product, channel, operations and technology stakeholders to identify requirements and capabilities to support consumer payment and transaction journeys.

April 15, 2023

Create ad-hoc reports as requested in a timely and accurate manner, assist senior manager with various tasks and items as needed, comply with all company policies and departmental procedures, ensuring honest and ethical conduct at all times while maintaining a positive attitude.

May 05, 2023

Support the largest and most complex consumer payments initiatives undertaken by the Enterprise, including providing project management support, liaising across cross functional teams and lines of business, supporting problem solving, and issue tracking and resolution.

May 21, 2023

Submit Other Responsibilities

Not the job you're looking for? Search more salaries here:

Are you an HR manager or compensation specialist?

Salary.com's CompAnalyst platform offers:

Detailed skills and competency reports for specific positions
Job and employee pricing reports
Compensation data tools, salary structures, surveys and benchmarks.

Learn about

Payment Analyst Salary By Experience Levels in Madison, WI

How much should you be earning in Payment Analyst in Madison, WI based on your current experience?

Tell us how much experience you have and see an estimate of earnings and view how different experience leavels impact potential pay for Payment Analyst in Madison, WI

RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Payment Analyst Salary By Level of Education in Madison, WI

Do you know how much should you be paid for a Payment Analyst position in Madison, WI based on your education level?

Tell us about your education and see an estimate of earnings for Payment Analyst in Madison, WI and well to know the impact of education on future careers.

LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Payment Analyst in Madison, WI

Average Base Salary

Core compensation

48632

64511

55877

Average Total Cash Compensation

Includes base and annual incentives

49435

66838

56950

What is the average salary for Payment Analyst in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Payment Analyst in Madison, WI. The base salary for Payment Analyst ranges from $48,632 to $64,511 with the average base salary of $55,877. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $49,435 to $66,838 with the average total cash compensation of $56,950.

View Average Salary for Payment Analyst as table

	Average Salary	Average Salary Range
Base Salary	$55,877	$48,632 - $64,511
Bonus	$1,073	$803 - $2,326
Total Pay	$56,950	$49,435 - $66,838

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Payment Analyst Salary Near Madison, WI

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Madison, WI
CITY, STATE Janesville, WI	AVERAGE SALARY RANGE $48,180 - $63,912	COMPARE TO Madison, WI
CITY, STATE Rockford, IL	AVERAGE SALARY RANGE $48,622 - $64,498	COMPARE TO Madison, WI
CITY, STATE Waukesha, WI	AVERAGE SALARY RANGE $48,680 - $64,574	COMPARE TO Madison, WI
CITY, STATE Milwaukee, WI	AVERAGE SALARY RANGE $48,864 - $64,819	COMPARE TO Madison, WI
CITY, STATE Oshkosh, WI	AVERAGE SALARY RANGE $47,067 - $62,435	COMPARE TO Madison, WI
CITY, STATE Dubuque, IA	AVERAGE SALARY RANGE $46,605 - $61,822	COMPARE TO Madison, WI

See salaries for Payment Analyst in locations close to Madison, WI. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Madison, Wisconsin

Madison is located in the center of Dane County in south-central Wisconsin, 77 miles (124 km) west of Milwaukee and 122 miles (196 km) northwest of Chicago. The city completely surrounds the smaller Town of Madison, the City of Monona, and the villages of Maple Bluff and Shorewood Hills. Madison shares borders with its largest suburb, Sun Prairie, and three other suburbs, Middleton, McFarland, and Fitchburg. Other suburbs include the city of Verona and the villages of Cottage Grove, DeForest, and Waunakee as well as Mount Horeb, Oregon, Stoughton, and Cross Plains among others. According to th...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

View Salary for Similar Jobs to Payment Analyst in Madison, WI

See Additional Similar Jobs

Loading results...

JOB TITLE	LOCATION	MINIMUM SALARY	MAXIMUM SALARY
JOB TITLE Payment Processing Analyst	LOCATION Madison, WI	MINIMUM SALARY $56,917	MAXIMUM SALARY $67,957
JOB TITLE Payment Integrity Analyst	LOCATION Madison, WI	MINIMUM SALARY $53,303	MAXIMUM SALARY $74,235
JOB TITLE Payment Operations Analyst	LOCATION Madison, WI	MINIMUM SALARY $63,525	MAXIMUM SALARY $67,806
JOB TITLE Analyst Payment Services	LOCATION Madison, WI	MINIMUM SALARY $65,535	MAXIMUM SALARY $82,402
JOB TITLE Payment Recovery Specialist	LOCATION Madison, WI	MINIMUM SALARY $48,799	MAXIMUM SALARY $64,145
JOB TITLE Analyst - Claims Coding and Payment Review	LOCATION Madison, WI	MINIMUM SALARY $40,650	MAXIMUM SALARY $48,694

The Payment Analyst job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Madison, WI that might be a good fit for the type of job and salary you are looking for.

Discover how your pay is adjusted for skills, experience, and other factors

How much should you be paid?

For a real-time salary target, tell us more about your role in the four categories below.