1 Answers
A Multi Merchant Payment Gateway is used by various merchants. Its a bit complex to explain but i will try. Lets take an example of a salon where there are multiple hair dressers and each work as independent entity. In this case they all can use a single terminal However they will have to share individual kyc to the acquiring bank.
Before accepting payments the hair dressers will have to switch to there Terminal ID to ensure that the funds will reach the right individual.