How much does a Transaction Processing Specialist make? The average Transaction Processing Specialist salary is $54,928 as of November 27, 2023, but the salary range typically falls between $47,820 and $63,387. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Salary range for a Transaction Processing Specialist
$47,820 to $63,387
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What does a Transaction Processing Specialist do?
Common responsibilities of a Transaction Processing Specialist
Answer technical questions with respect to account types, transactions, reporting and general product rules and attributes.
January 11, 2023
Handle complex beneficiary and divorce payments resolution.
May 15, 2023
Supports other teammates within the team.
February 12, 2023
Provide high degree of professionalism and confidentiality in handling and having access to sensitive information.
March 03, 2023
Receives and opens incoming remittance mail using a variety of methods, including manual, low-speed mail opening equipment, and high speed mail opening/extracting/sorting equipment.
March 07, 2023
Understanding assigned process and procedures as it relates to the job task.
March 27, 2023
Demonstrated ability to be flexible while working in a team environment and with multiple managers.
April 02, 2023
Transaction Processing Specialist Salary in Major Cities
This chart shows the salary comparison for Transaction Processing Specialist between major cities. San Francisco City consistently ranks #1 as of November 27, 2023. Click on the chart to see the detail salary data for Transaction Processing Specialist in each city.
Transaction Processing Specialist Salary by State
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- District of Columbia
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
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- Kansas
- Kentucky
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- Maine
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- Minnesota
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- Mississippi
- Montana
- North Carolina
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- New Hampshire
- New Jersey
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- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Transaction Processing Specialist Salary by City
Click to see the salary for Transaction Processing Specialist in these major U.S. cities.
| City Name | Average Salary |
|---|---|
| San Francisco, CA | $68,661 |
| Washington, DC | $61,146 |
| Miami, FL | $53,309 |
| Chicago, IL | $57,944 |
| Boston, MA | $61,888 |
| New York, NY | $64,541 |
| Dallas, TX | $54,571 |
If you'd like know Transaction Processing Specialist Salary in other cities, then please select a city in
Average Salary Range for Transaction Processing Specialist
Average Base Salary
Core compensation
47820
63387
Average Total Cash Compensation
Includes base and annual incentives
What is the average salary for Transaction Processing Specialist in 2023?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Transaction Processing Specialist in the United States. The base salary for Transaction Processing Specialist ranges from $47,820 to $63,387 with the average base salary of $54,928. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $48,008 to $63,660 with the average total cash compensation of $55,104.
View Average Salary for Transaction Processing Specialist as table
| Average Salary | Average Salary Range | |
|---|---|---|
| Base Salary | $54,928 | $47,820 - $63,387 |
| Bonus | $176 | $189 - $273 |
| Total Pay | $55,104 | $48,008 - $63,660 |
* 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.
Estimate Salary for Transaction Processing Specialist online for free
Salary.com Estimate Salary Tool provides free, accurate and real-time salary for thousands of careers. Please enter the following pay factors for Transaction Processing Specialist, to get a real-time salary target. If you want to get more detailed salary information, please view Professional Salary Report
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Comments about Transaction Processing Specialist
What's the difference between Transaction Processing Representative and Transaction Processing Specialist?
According to our latest salary estimation on November 27, 2023. The average salary of Transaction Processing Specialist is $54,928, and the average salary of Transaction Processing Representative is $48,547. The average salary of Transaction Processing Representative is lower than Transaction Processing Specialist. ( 2023-11-27 salary.com )
I am a Transaction Processing Specialist, which location’s salary is higher, Hattiesburg, MS or Nashua, NH?
Nashua, NH typically sees higher pay than Hattiesburg, MS for Transaction Processing Specialist. a Transaction Processing Specialist Salary in Nashua, NH is $59,542 as of November 27, 2023; a Transaction Processing Specialist Salary in Hattiesburg, MS is $47,997 as of November 27, 2023. ( 2023-11-27 salary.com )
Transaction Processing Specialist Frequently Asked Questions
Why does the salary of a Transaction Processing Specialist vary from city to city?
The cost of living is tied to salaries. If the expenses are higher in a particular city, then the wage level will be higher as well to afford the people can opportunity to live there. This is why you're always going to make more money in New York City for example, than in a small town. ( 2023-11-27 salary.com )
What are the Pay Factors for Transaction Processing Specialist?
Salary ranges for a Transaction Processing Specialist can vary widely, depending on the city and several other pay factors, including (but not limited to) education level, certifications, additional skills, and work experience. Click here to view Eight Factors That Can Affect Your Pay ( 2023-11-27 salary.com )
How the Pay Factors Influence Your Pay?
Salaries are ultimately dictated by the position being applied to, and hiring company, but there are several important pay factors that come into play based on your individual history that could impact your value to the company. Salary.com's Personal Salary Report will analyze these factors for you to help you maximize your earning potential. ( 2023-11-27 salary.com )
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Last Update: November 27, 2023