Average Payment Processing Clerk Salary in Chile for 2024

In this article, we will look at the average Payment Processing Clerk salary for 2024 in Chile and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Chilean peso. To keep things simple, we are using the CLP currency code instead of the currency symbol $.

How Much Does a Payment Processing Clerk Make in Chile?

A Payment Processing Clerk working in Chile will typically earn around 8,701,100 CLP per year, and this can range from the lowest average salary of about 4,260,400 CLP to the highest average salary of 13,561,900 CLP.

Average Annual Salary
8,701,100 CLP
Average Monthly Salary
725,091 CLP

Lowest Annual Salary
4,260,400 CLP
Lowest Monthly Salary
355,033 CLP

Highest Annual Salary
13,561,900 CLP
Highest Monthly Salary
1,130,158 CLP

These are average salaries for a Payment Processing Clerk in Chile and include benefits such as housing and transport. It's also possible for a Payment Processing Clerk to earn more or less than the average salaries shown above.

Payment Processing Clerk salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Payment Processing Clerk Salaries in Chile

So we've looked at the average salaries a Payment Processing Clerk will earn in Chile. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Payment Processing Clerk can earn between 4,260,400 CLP and 13,561,900 CLP on average in Chile. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Payment Processing Clerk in Chile is 8,879,100 CLP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 8,879,100 CLP, and 50% of the population earn more than 8,879,100 CLP.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Payment Processing Clerk salary in Chile, 25% of the population are earning less than 5,914,900 CLP while 75% of the population earn more than 5,914,900 CLP.

75% of the population earn less than 11,447,200 CLP, and 25% of the population earn more than 11,447,200 CLP.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Payment Processing Clerk Salary by Experience Level in Chile

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average payment processing clerk salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Payment Processing Clerk in Chile that has less than two years of experience can expect to earn somewhere in the region of 5,053,200 CLP.
  • 2 - 5 Years Experience. With two to five years of experience the average Payment Processing Clerk salary would increase to 6,493,000 CLP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Payment Processing Clerk, the average salary would be 8,962,200 CLP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 11,113,100 CLP.
  • 15 - 20 Years Experience. A Payment Processing Clerk with 15 to 20 years of experience can earn an average of 11,891,900 CLP.
  • 20+ Years Experience. For a Payment Processing Clerk with more than 20 years, the expected average salary increases to 12,721,300 CLP.

Average Salary by Experience Chart

0-2 Years
5,053,200 CLP
2-5 Years +29%
6,493,000 CLP
5-10 Years +38%
8,962,200 CLP
10-15 Years +24%
11,113,100 CLP
15-20 Years +7%
11,891,900 CLP
20+ Years +7%
12,721,300 CLP

Payment Processing Clerk Salary by Education Level in Chile

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Payment Processing Clerk in Chile based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Payment Processing Clerk in Chile with a certificate or diploma education can earn an average salary of 7,150,200 CLP.

  • Bachelor's Degree. A Payment Processing Clerk in Chile with a bachelor's degree education can earn an average salary of 10,966,400 CLP.

Average Salary by Education Chart

Certificate or Diploma
7,150,200 CLP
Bachelor's Degree +53%
10,966,400 CLP

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Chile is around 9,340,000 to 28,000,000 CLP and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Payment Processing Clerk Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Chile, a male payment processing clerk will earn an average of 8,962,200 CLP, while a female payment processing clerk will earn around 8,352,700 CLP.

This means that a male payment processing clerk earns approximately 7% more than a female payment processing clerk for performing the same job.

Average Salary by Gender Chart in Chile

Male
8,962,200 CLP
Female -7%
8,352,700 CLP

Payment Processing Clerk Average Pay Raise in Chile

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Payment Processing Clerk in Chile is around 10% every 17 months.

The national average pay raise across all professions and industries in Chile is around 7% every 19 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 10 ÷ 17 ) × 12  = 7%

What this means is that a Payment Processing Clerk in Chile can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Chile for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Chile.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Payment Processing Clerk Bonus and Incentive Rates in Chile

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Payment Processing Clerk is a low bonus based job, with 28% of employees reporting at least one bonus in the last 12 months.

72% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 0% to 4%.

Received Bonus
28%
No Bonus
72%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Chile earn approximately 7% more than private sector employees in the same role.

Public Sector
23,399,000 CLP
Private Sector -7%
21,841,900 CLP

Salaries for Jobs Similar to a Payment Processing Clerk

In the table below, we have salary information for jobs that are similar to a Payment Processing Clerk in Chile.

Job Title Category Salary
AML Analyst Banking 33,360,800 CLP
Assistant Bank Branch Manager Banking 28,560,900 CLP
Assistant Bank Manager Banking 39,241,100 CLP
ATM Manager Banking 34,561,900 CLP
ATM Service Technician Banking 9,001,900 CLP
Bank Accounts Analyst Banking 12,481,200 CLP
Bank Accounts Collector Banking 8,267,800 CLP
Bank Accounts Controller Banking 16,439,200 CLP
Bank Accounts Executive Banking 25,440,400 CLP
Bank Accounts Manager Banking 27,841,200 CLP
Bank Auditing Manager Banking 30,240,200 CLP
Bank Branch Manager Banking 41,158,900 CLP
Bank Branch Operations Coordinator Banking 18,121,700 CLP
Bank Clerk Banking 7,896,400 CLP
Bank Client Service Associate Banking 11,434,900 CLP
Bank Collector Banking 8,460,900 CLP
Bank Compliance Specialist Banking 20,400,600 CLP
Bank Manager Banking 47,880,300 CLP
Bank Operational Risk Manager Banking 45,478,500 CLP
Bank Operations Head Banking 49,561,800 CLP
Bank Operations Officer Banking 18,840,100 CLP
Bank Operations Specialist Banking 28,200,200 CLP
Bank Process Manager Banking 27,001,700 CLP
Bank Product Manager Banking 29,761,800 CLP
Bank Programme Manager Banking 31,081,900 CLP
Bank Project Manager Banking 38,878,700 CLP
Bank Propositions Manager Banking 33,360,800 CLP
Bank Quantitative Analyst Banking 24,958,800 CLP
Bank Regional Manager Banking 48,119,900 CLP
Bank Regional Risk Officer Banking 25,079,200 CLP
Bank Relationship Manager Banking 36,841,600 CLP
Bank Relationship Officer Banking 15,838,200 CLP
Bank Teller Banking 8,701,100 CLP
Banker Banking 17,519,700 CLP
Banking Business Analyst Banking 24,958,800 CLP
Banking Business Development Officer Banking 15,360,400 CLP
Banking Business Planning Executive Banking 34,561,900 CLP
Banking Product Manager Banking 29,761,800 CLP
Banking Reference Data Manager Banking 28,200,200 CLP
Banking Risk Analyst Banking 24,359,000 CLP
Banking Technical Analyst Banking 12,481,200 CLP
Bankruptcy Coordinator Banking 17,519,700 CLP
Bill and Account Collector Banking 9,082,500 CLP
Budget Analyst Banking 24,478,500 CLP
Capital Risk Manager Banking 47,880,300 CLP
Cards Marketing Manager Banking 29,519,900 CLP
Cash Management Manager Banking 44,760,700 CLP
Check Processing Manager Banking 31,201,500 CLP
Commercial Vault Associate Banking 22,918,100 CLP
Corporate Banker Banking 18,479,600 CLP
Corporate Dealer Banking 25,801,200 CLP
Credit Analyst Banking 19,321,100 CLP
Credit and Collections Manager Banking 31,678,800 CLP
Credit Card Fraud Investigator Banking 25,321,400 CLP
Credit Portfolio Manager Banking 46,080,100 CLP
Credit Risk Analyst Banking 27,960,400 CLP
Credit Risk Associate Banking 25,200,800 CLP
Direct Bank Sales Representative Banking 18,121,700 CLP
Exchange Control Consultant Banking 25,919,400 CLP
Executive Account Analyst Banking 23,399,000 CLP
Financial Bank Planning Consultant Banking 31,800,300 CLP
Financial Banking Analysis Manager Banking 37,078,800 CLP
Financial Banking Assistant Banking 11,365,600 CLP
Financial Banking Systems Manager Banking 33,961,700 CLP
Foreign Exchange Manager Banking 34,198,600 CLP
Fraud Analyst Banking 27,361,200 CLP
Fraud Detection Associate Banking 17,758,500 CLP
Fraud Detection Manager Banking 40,079,600 CLP
Fraud Detection Supervisor Banking 22,321,900 CLP
Internal Bank Audit Manager Banking 45,961,300 CLP
Internal Bank Auditor Banking 23,040,200 CLP
Internal Private Banker Banking 18,479,600 CLP
International Banking Manager Banking 50,878,500 CLP
Investment Banking Analyst Banking 36,960,300 CLP
Loan Analyst Banking 25,440,400 CLP
Loan Area Manager Banking 29,881,100 CLP
Loan Audit Team Leader Banking 28,078,900 CLP
Loan Branch Manager Banking 28,919,800 CLP
Loan Business Development Officer Banking 14,760,200 CLP
Loan Clerk Banking 9,001,900 CLP
Loan Collection and Recovery Manager Banking 30,001,600 CLP
Loan Collection Manager Banking 28,801,400 CLP
Loan Collector Banking 7,726,700 CLP
Loan Examiner Banking 10,775,000 CLP
Loan Officer Banking 9,372,400 CLP
Loan Processing Manager Banking 27,721,300 CLP
Loan Processor Banking 10,956,400 CLP
Loan Quality Assurance Auditor Banking 25,679,100 CLP
Loan Quality Assurance Manager Banking 27,001,700 CLP
Loan Quality Assurance Representative Banking 18,840,100 CLP
Loan Review Manager Banking 26,759,500 CLP
Loan Team Leader Banking 24,958,800 CLP
Loans Manager Banking 31,440,200 CLP
Mortgage Advisor Banking 17,879,000 CLP
Mortgage Collection Manager Banking 28,560,900 CLP
Mortgage Collector Banking 8,329,200 CLP
Mortgage Credit Analyst Banking 12,721,300 CLP
Mortgage Credit Manager Banking 28,078,900 CLP
Mortgage Development Manager Banking 30,360,800 CLP
Mortgage Document Reviewer Banking 10,801,300 CLP
Mortgage Funding Manager Banking 33,481,400 CLP
Mortgage Operations Manager Banking 41,040,700 CLP
Mortgage Payment Processing Clerk Banking 9,456,600 CLP
Mortgage Processing Manager Banking 27,960,400 CLP
Mortgage Processor Banking 11,447,200 CLP
Mortgage Quality Assurance Auditor Banking 25,561,400 CLP
Mortgage Quality Assurance Manager Banking 27,601,100 CLP
Mortgage Servicing Clerk Banking 8,362,500 CLP
Mortgage Servicing Manager Banking 27,721,300 CLP
Mortgage Underwriter Banking 10,775,000 CLP
Online Banking Manager Banking 40,799,600 CLP
Personal Banker Banking 18,239,400 CLP
Personal Banking Advisor Banking 18,840,100 CLP
Phone Banker Banking 12,121,000 CLP
Private Banker Banking 18,479,600 CLP
Reconciliation and Investigation Specialist Banking 20,878,800 CLP
Tax Officer Banking 14,158,800 CLP
Teller Banking 8,134,400 CLP
Trade Officer Banking 10,128,600 CLP
Trade Product Manager Banking 30,240,200 CLP
Trader Banking 11,986,500 CLP
Treasury Operations Officer Banking 21,719,900 CLP

Salary Comparison by City

If you want to compare salaries with different cities in Chile, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Antofagasta 8,785,800 CLP
Concepcion 8,195,200 CLP
La Florida 9,673,100 CLP
Las Condes 8,267,800 CLP
Maipu 9,649,800 CLP
Penalolen 8,111,500 CLP
Puente Alto 9,610,800 CLP
Rancagua 7,919,400 CLP
San Bernardo 8,279,300 CLP
Santiago 10,092,500 CLP
Temuco 8,279,300 CLP
Valparaiso 8,915,100 CLP
Vina del Mar 9,073,200 CLP

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