Lots of tracking technologies will let you do this. Either using www.merchant.com/product12?affid=123 as your link and having code on the landing pages to catch the affid or even just www.merchant.com/product12 and relying on using the referring domain to identify affiliates. This can be done by similar software and both can be reported in affiliate's interfaces as usual.
Another option would be to drop PI cookies on the (trusted) affiliate's landing page, and then use direct links to the (trusted!) merchant.
Just make sure non of your affiliates slip through Google as their registered domain...![]()
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