What is a Payment Aggregator?
A payment aggregator processes card transactions for multiple merchants under a single shared merchant account, allowing businesses to start accepting payments without their own merchant account.
Overview
A payment aggregator processes card transactions for multiple merchants under a single shared merchant account, allowing businesses to start accepting payments without their own merchant account.
How It Works in Practice
In a typical card transaction, payment aggregator plays a key role in ensuring payments are processed accurately and securely. Understanding this concept helps businesses manage their payment operations more effectively.
PCI DSS Relevance
Under PCI DSS, all stages of payment processing must be secured. This includes the payment aggregator stage, where cardholder data must be protected from unauthorised access.
Paytia's secure payment platform handles the full transaction lifecycle for phone payments, including payment aggregator. All transactions are processed through PCI DSS Level 1 certified infrastructure.
Frequently Asked Questions
What is payment aggregator in payment processing?
A payment aggregator processes card transactions for multiple merchants under a single shared merchant account, allowing businesses to start accepting payments without their own merchant account.
How long does payment aggregator take?
The timing depends on the payment processor and card network. Most payment aggregator processes complete within 1-3 business days for UK transactions.
Can I track payment aggregator status?
Yes. Payment processors and platforms like Paytia provide real-time transaction status tracking through dashboards and API notifications.
Related Terms
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