Understanding Merchant Aggregators and PSPs

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Merchant aggregators and Payment Service Providers (PSPs) simplify payment acceptance for businesses by acting as intermediaries between merchants and acquirers. Aggregators allow multiple merchants to operate under a single master merchant account, enabling smaller businesses to accept card payments without needing their own full merchant account. PSPs provide technology platforms, gateways, and integration tools to process payments across channels like online, in-store, and mobile.

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These providers handle authorization, settlement, and risk monitoring, allowing merchants to focus on operations rather than technical or regulatory complexities. They also often offer value-added services like fraud protection, recurring billing, and multi-currency support.

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Monavate integrates with aggregators and PSPs to provide a seamless connection between card issuing, merchant acceptance, and payment processing. This integration allows fintechs and businesses to manage both customer-facing and merchant-facing transactions efficiently. By combining card issuance with payment acceptance, Monavate enables complete visibility, real-time controls, and smoother reconciliation across the payment ecosystem.

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