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Instacart logo
Instacart

Instacart invites the world to share love through food. This is how homemade is made.

Senior Product Manager, Payments

Product ManagerProduct ManagerOtherRemoteSeniorTeam 1,001-5,000Since 2012H1B SponsorCompany SiteLinkedIn

Location

United States

Posted

142 days ago

Salary

$184K - $233K / year

Seniority

Senior

Bachelor Degree6 yrs expEnglishSQL

Job Description

Senior Product Manager, Payments

Instacart

• Own the global payments roadmap and strategy across authorization, routing, retries, tokenization, chargebacks/disputes, and refunds/partial captures, with clear KPIs for conversion, cost, latency, and reliability. • Design and scale a multi-PSP platform, including smart routing, failover, experimentation frameworks, and performance monitoring to continuously improve auth rates and reduce processing costs. • Expand payment methods in the US and internationally, including wallets, local payment methods, EBT SNAP, HSA/FSA, and other emerging options, ensuring compliance with regional and network requirements. • Partner closely with engineering (working with approximately 10–20 engineers) to define PRDs, scope systems, manage delivery timelines, and uphold high standards for availability, security, and PCI compliance. • Collaborate across Platform, Fraud, Order Management, Loyalty, Pricing/Discounting, Shopper (for payouts), and Instacart+ (for subscriptions) to support nuanced flows like post-order changes, substitutions, partial captures, and disbursements. • Manage external relationships with PSPs and card networks—driving performance reviews, negotiating favorable terms, running vendor evaluations, and ensuring SLAs and compliance are consistently met.

Job Requirements

  • 6+ years of product management experience, including 3+ years focused on payments, ecommerce, or financial platform products.
  • Proven track record optimizing payment stacks at scale, including improving authorization rates, reducing processing costs, and integrating or scaling multi-PSP platforms.
  • Hands-on experience delivering core payments capabilities such as routing and retries, tokenization/vaulting, 3DS/payer authentication, chargebacks/disputes, and refunds/partial captures.
  • Proficiency with data and experimentation (e.g., SQL and analytics tools) to define KPIs, diagnose issues, and drive A/B tests or holdouts that inform product decisions.
  • Demonstrated success working cross-functionally with engineering, operations, finance, legal, and compliance, as well as externally with PSPs and card networks.
  • Working knowledge of PCI DSS, card network rules, and regional payments regulations and privacy standards.
  • Bachelor’s degree in business, engineering, computer science, or a related field; equivalent practical experience considered.

Benefits

  • Highly market-competitive compensation
  • Equity grant for new hires
  • Annual refresh grants
  • Flex First remote work policy
  • Health insurance

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