A payment aggregator is a service or company that combines several payment systems and offers them to customers as part of a single solution. It provides a convenient way for merchants to accept various types of online payments through different payment systems without the need to integrate each system separately.
Payment aggregators typically provide their clients with their own API (Application Programming Interface) or ready-made modules for the most popular CMS versions , as well as payment gateways that allow merchants to accept payments on their websites or applications. They process payments from customers, transfer money from buyers india email list to merchants, and provide reporting on transactions and fees.
The benefits of using a payment aggregator include:
Simplified Integration: Merchants can integrate one payment aggregator system to accept payments through multiple payment systems without the need for separate integrations for each system.
Variety of payment methods: Payment aggregators usually support various types of payments such as credit and debit cards, e-wallets, online banking and other payment instruments.
Risk Management: Payment aggregators provide tools to handle fraudulent transactions and protect against fraud, ensuring safety for merchants and their customers.
Customer Convenience: Buyers do not need to create accounts with each individual payment system as they can use their preferred payment methods through the payment aggregator.
Popular payment systems in Russia
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