A multi-transceiver configuration method, a multi-transceiver channel multiplexing method, and an apparatus are disclosed. The multi-transceiver configuration method includes: an access point obtains maximum data transfer rates Ri(n) of N terminals STAis on sub-channels n in a specified sub-channel combination, where 1≤i≤N, and N is a positive integer greater than 1; and calculates a channel access time Ti(n) required by the STAi for transmitting an average data volume on the sub-channel n, and when the specified sub-channel combination manner meets an allocation requirement of the N STAis, the access point configures at least one transceiver for each sub-channel n in the specified sub-channel combination.