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Payment Processor Jobs in Chicago, IL (NOW HIRING)

McMaster-Carr

Payment Solutions

Chicago, IL · On-site

$103K - $118K/yr

Our ability to do that comes from world-class execution - robust systems, disciplined processes ... Solving customer and supplier payment discrepancies. You will trace issues through the full ...

WorkNovas LLC

BA/PO Payment Systems

Chicago, IL · On-site

Monitoring, alerting, fraud, and payment-process oversight. * Some SQL knowledge may be evaluated during interviews. Key Responsibilities Requirements Gathering & Analysis · Serve as the primary ...

Paradigm

Payment Specialist

Chicago, IL · On-site

$24.42 - $26.50/hr

Process payment reissue, void, stop payment, recoupment, and offset requests in accordance with department procedures and compliance standards * Create and validate client refund files for Accounting ...

pca

Analyst Freight Payment

Lake Forest, IL · Hybrid

This process alleviates the review, preparation, approval and payment of invoices manually by the individual plants. The environment is constantly changing with new/changed rates, new/changed ...

Enhanced Payment Systems

Customer Support

Chicago, IL · On-site

$20 - $23/hr

Enhanced Payment Systems has been helping businesses with their payment-processing needs for more than 20 years. We offer a professional, team-focused environment where strong performance, initiative ...

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Payment Processor information

See Chicago, IL salary details

$10

$18

$27

How much do payment processor jobs pay per hour?

As of Aug 26, 2026, the average hourly pay for payment processor in Chicago, IL is $18.55, according to ZipRecruiter salary data. Most workers in this role earn between $15.87 and $20.34 per hour, depending on experience, location, and employer.

What is a payment processor?

Payment processors perform a variety of bookkeeping duties for a financial institution, such as a bank, mortgage lending company, or another kind of financial merchant. They document and catalog all payments that come through their systems and oversee credit card transactions made by customers. In addition to overseeing all payments and financial transactions, payment processors may perform clerical duties, such as documenting customer payment plans, writing reports, pulling customer information, and providing customer service whenever account or payment questions arise.

What is a payment processor?

Payment processors are companies or services that handle transactions between merchants and customers, ensuring the secure transfer of payment information. They facilitate the authorization, processing, and settlement of credit card, debit card, and electronic payments. Payment processors act as intermediaries between the bank of the customer and the bank of the merchant, making sure funds are transferred quickly and securely. These services are essential for businesses that accept non-cash payments, both online and in-person.

What are the key skills and qualifications needed to thrive as a payment processor?

To thrive as a Payment Processor, you need strong attention to detail, accuracy in data entry, and a foundational knowledge of financial transactions, often supported by a high school diploma or equivalent. Familiarity with payment processing software, accounting systems, and compliance tools such as PCI DSS standards is typically required. Excellent organizational skills, integrity, and the ability to communicate effectively with both clients and colleagues are standout soft skills in this role. These skills ensure timely, secure, and error-free processing of payments, which is critical for maintaining client trust and operational efficiency.

What are some common challenges faced by payment processors, and how can they be effectively managed?

Payment Processors often encounter challenges such as handling high transaction volumes, detecting fraudulent activity, and resolving discrepancies quickly. Staying organized and detail-oriented is essential, as even small errors can impact financial records. Building strong communication with internal teams and external clients can help resolve issues efficiently. Regularly updating knowledge on compliance regulations and payment technologies also ensures accuracy and security in daily operations.

What is the difference between Payment Processor vs Payment Clerk?

AspectPayment ProcessorPayment Clerk
Required CredentialsBasic financial knowledge, sometimes certifications in payment systemsHigh school diploma, basic accounting or clerical skills
Work EnvironmentFinancial institutions, e-commerce companies, payment service providersAccounting departments, retail stores, administrative offices
Employer & Industry UsageUsed in industries handling electronic payments and transactionsCommon in retail, hospitality, and administrative roles
Search & Comparison IntentUnderstanding payment processing roles, career optionsAdministrative payment tasks, clerical roles in finance

The main difference is that a Payment Processor manages electronic payment transactions and systems, often requiring technical knowledge of payment platforms. A Payment Clerk handles manual payment processing, record-keeping, and administrative tasks related to payments. Both roles are essential in financial operations but differ in complexity, environment, and responsibilities.

More about Payment Processor jobs

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Cities near Chicago, IL with the most Payment Processor job openings:

Payment Processor jobs near you
Infographic showing various Payment Processor job openings in Chicago, IL as of August 2026, with employment types broken down into 84% Full Time, 7% Part Time, 2% Temporary, and 7% Contract. Highlights an 89% In-person, and 11% Remote job distribution, with an average salary of $38,580 per year, or $18.5 per hour.

Payment Solutions

McMaster-Carr

Chicago, IL • On-site

$103K - $118K/yr

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 11 days ago

McMaster-Carr rating

9.2

Company rating: 9.2 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

18th of 423 rated retail wholesalers

Job description

Who We Are

McMaster-Carr is a trusted e-commerce company that keeps industry moving. For 125 years, customers have counted on us to deliver the right parts quickly and accurately so they can fix problems, avoid downtime, and keep critical operations running. Our ability to do that comes from world-class execution - robust systems, disciplined processes, and people who take pride in getting the details right.

Our success is built on our people. At McMasterCarr, teams work side by side to solve real problems, adapt as technology evolves, and continually improve how we operate. The work is fast-paced, essential, and meaningful. We invest in our people, value collaboration, and create careers where effort, curiosity, and accountability drive meaningful results for customers every day.

What You'll Do

You will learn about many parts of McMaster-Carr's operations and adapt quickly to new tasks and environments. We look for people who want to build a career, not just fill a job. Over time, success in one area could lead to opportunities in another.

Make an impact and grow your professional skillset through experiences like:

  • Solving customer and supplier payment discrepancies. You will trace issues through the full transaction, from purchase to payment, since the root cause is often upstream of the payment itself.
  • Distinguishing one-off errors from systemic payment issues. This includes recognizing patterns across cases and deciding what action prevents them from recurring.
  • Owning resolutions end to end. You will identify the issue, decide what action to take, and carry it through, whether that means correcting the payment yourself or looping in others.
  • Communicating your reasoning clearly. Your work will guide customers, suppliers, and teammates toward a resolution they can understand and act on.

Who You Are

We are looking for broadly skilled, resourceful, and talented people to join our team. Whether you're an archaeologist, engineer, business student, or thespian, people from a range of backgrounds are successful at McMaster-Carr. We're interested in your ability to think and find solutions for our customers.

Strong candidates will produce high-quality work efficiently, while thinking creatively and critically to meet new challenges. You will be challenged, and your success will be rewarded.

A bachelor's degree is required for this role.

Cash Compensation

Total cash compensation typically ranges from $103,000 - $118,000, which includes annual cash profit sharing based on company profitability.

Benefits

We are committed to comprehensive benefits to support employees and their dependents, such as:

  • 100% tuition reimbursement
  • Medical, dental, pharmacy, and vision plans with no monthly premiums
  • Industry leading company-funded retirement accounts
  • Employee resource groups
  • Inclusive, all-gender benefits
  • First-time home buyer assistance
  • Paid parental leave for all new parents
  • Adoption and surrogacy assistance
  • Paid time off for vacation and personal time

What McMaster-Carr employees say

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Benefits

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