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It's an affiliate network. There is some informaton about somewhere in the affiliate networks category of the affiliate programs directory section of this site.
Also, if you go to tradedoubler and look at the site and read what it's about there, then I'm sure you will get a good understanding of what they do. Tradedoubler is one of the UK's biggest affiliate network. I think it also caters for some other European Countries aswell.
It also has a section of the site where you can easily grab datafeeds from various merchants within their network which is good if you want to make a product site.
As usual with most affiliate networks, all your earnings from each merchant gets consolidated into one check which is paid to your monthly once you reach their minimum payout amount.
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