Processor, Collector, Aggregator or Acquirer? Find out more about the differents types of payment providers:
Master merchants are payment facilitators. These third-parties operate as transaction aggregators on behalf of sub-merchants or billing companies. The sub-merchants are usually smaller organizations who would not qualify for credit cards acceptance contracts. Shorter contract periods from a year are offered. Master merchants are particularly frequently used in the government, education, utilities and non-profits sectors.
Master Merchants not only handle all the processes of payment. They also offer to help their customers meet all requirements for a credit card acceptance contract and to comply with the strict requirements of Visa and Mastercard.
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