Aggregator

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Revision as of 14:06, 8 October 2020 by imported>Doug Williamson (Add category.)
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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.


See also