Our new e-store needs to establish a payment connection with customers. But to do this, you need to integrate the payment system. I know there are 2 types of such systems. This is a payment aggregator and the payment gateway itself. What is the difference among them? Which system is more efficient?

I think that it is better to contact such a question with such a question on financial software. As I understand it, for your online store you need to develop and install the necessary software and understand how it works.

Payment aggregators and payment gateways are both types of payment systems that provide payment integration and processing in online stores. However, they have different functions and roles. One payment aggregator can provide access to several payment systems. This means that you can integrate multiple payment methods for your customers through one platform.

The main difference between a payment gateway and a payment aggregator lies in their functions and target customers. A payment gateway specializes in secure authorization and transaction processing for individual merchants, while a payment aggregator optimizes the payment process for multiple merchants by providing them with a single merchant account. But to figure out the best way to do it for your intranet store, it is better to contact professionals in this business.

Good day to all. In fact, these are two concepts that are very different in essence. A payment aggregator is a company that connects the merchant and the payment system. and a payment gateway, in turn, is sophisticated software that facilitates transaction processing by allowing merchants to securely accept payments from customers. Based on this, you just need to decide what exactly you want. If you want to know more, you can look here: akurateco.com/blog/what-is-a-payment-aggregator

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A payment aggregator and a payment gateway are both components of online payment processing, but they serve different roles. A payment gateway acts as a bridge between a merchant's website and a financial institution, securely transmitting payment data to process transactions. In contrast, a payment aggregator consolidates multiple merchants' transactions into a single merchant account, simplifying payment processing for small businesses but often handling sensitive payment data directly, necessitating robust data protection measures to ensure security.

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