What is a Payment Aggregator and how does it work?



Recently, the ability to pay online for services and purchases in online stores was considered a great achievement. Online payment by card is a widespread method, but now it is not only one. People have the possibility to pay in a variety of ways: with cards, from e-wallets, from mobile phone accounts, from social network accounts, from instant messengers, etc.


How to be in such a situation online merchant? Connect each payment method separately or use the services of the payment aggregator?


What is an payment aggregator?


A payment aggregator is an e-commerce system that combines all possible payment methods into one to facilitate payments on the Internet.

The company-payment aggregator establishes agreements with separate payment systems and operators and simplifies the process of making purchases on the Internet.


How does work payment process directly without an aggregator?


Working directly without an aggregator is a multiple registration, familiarization, making contact, setting up an API, and entering into contracts with each payment service separately. Subsequently, regular reconciliations, tracking API changes, user support, independent work with errors in payments. And so dozens and hundreds of times. It’s even hard to imagine how long it will take to connect even the most popular payment systems. As a result, it’s just a waste of time, effort, an endless stream of unresolved issues and complexity at each stage of the connection.


How does work payment process with an aggregator?


Accepting payments on the site with an aggregator facilitates, speeds up and automates each level of financial transactions when paying. The aggregators supports by default:

- electronic money

- pay-point terminals and cash desks

- mobile payments

- payments through the bank

- Internet acquiring

- bank cards


How does a payment aggregator work?


The buyer places an order for a product or service online store. The order is assigned a unique numeric number.


On the payment page, the buyer chooses the desired payment method: bank cards VISA, MasterCard, e-money, telecom operators and many others (PayPal, Skrill, WebMoney, Qiwi etc).

After entering the data, the payment aggregator checks and conducts the transaction.

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