Payment Aggregator

A Payment Aggregator is a service provider to merchants — typically in the e-commerce world — that allows them to accept payments without the need to set up their own merchant account.

Instead, the payment aggregator bundles all of its clients into one large merchant account which it manages on behalf of its clients. This can be a quicker, simpler way for small businesses or individuals to start accepting card payments.

Payment aggregators usually provide a user-friendly interface, consolidated reporting, and integrated fraud prevention tools. They often support a wide range of payment methods and currencies, which can be beneficial for businesses targeting a global customer base.

However, merchants using a payment aggregator typically have less control over the payment process, may face higher transaction fees, and may experience delayed settlements.