Aggregator: Difference between revisions
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imported>Doug Williamson (Add second definition.) |
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Revision as of 14:06, 8 October 2020
1. Payment systems.
An aggregator is one of a number of online payment service providers (PSPs) that enable e-commerce merchants to accept payments on the merchant's own website.
Aggregators allow merchants to accept credit card and debit card transfers without having to set up a merchant account with each card association or bank.
Instead, the aggregator takes the payments from the different card associations and banks, remitting a total to the merchant, net of the aggregator's charges.
2.
More generally, any structure or intermediary that combines smaller individual transactions or amounts, into larger combined transactions or amounts.
