As of May 18, 2021, the average salary for a Payment Manager in the United States is $87,803 per year, which breaks down to an hourly rate of $42.
However, a Payment Manager's salary can vary significantly. Here’s a look at the typical salary range:
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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.
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:
| Levels | Salary |
|---|---|
| Entry Level Payment Manager | $85,078 |
| Intermediate Level Payment Manager | $85,436 |
| Senior Level Payment Manager | $86,271 |
| Specialist Level Payment Manager | $87,226 |
| Expert Level Payment Manager | $88,383 |
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 Payment Managers. For example, consider the average annual salaries in these key locations:
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
| 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% |
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 May 18, 2021Salaries for a Payment Manager can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $56,189 in 2023 to around $55,752 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Payment Manager salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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| 2023 | $56,189 |
| 2024 | $56,004 |
| 2025 | $55,752 |
| 2026 |
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| 2027 |
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Compensation PlanningHere are companies hiring for Payment Manager and their salaries, click below for more details.
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