Aggregator: Difference between revisions
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imported>Doug Williamson (Create the page. Sources: The Treasurer, March 2017, p32; hostmerchantservices.com webpage https://www.hostmerchantservices.com/2012/10/industry-terms-payment-aggregation/) |
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Revision as of 18:07, 13 March 2017
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.
