The aggregator model allows multiple merchants to process payments under a single payment service provider (PSP), streamlining the payment process without requiring each merchant to set up their own merchant account. This is commonly used by businesses to handle payments efficiently through platforms like Trust Payments or Planet.
The Aggregator Model in Travel Payments
In the travel industry, aggregators are used by smaller travel agents or platforms to manage multiple payment methods without the complexity of individual merchant accounts.
Aggregator Model Challenges
Aggregators may impose higher fees and stricter risk controls, limiting flexibility for businesses.
Key Takeaways
- Aggregates payments for multiple merchants.
- Reduces complexity for small businesses.
- May involve higher fees.
How does Felloh Help with Aggregator Models?
Felloh offers flexible aggregation models that help travel companies streamline payments while managing costs effectively. By providing real-time insights and customisable solutions, Felloh ensures smooth payment operations without the drawbacks of higher fees or restrictions.