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Subjects>History>American Government

What is a third party payment processor?

Anonymous

∙ 11y ago

Updated: 4/28/2022

Non-Bank, or third-party, Payment Processors are financial institution customers that provide payment processing services to merchants and other business entities, typically initiating transactions on behalf of merchant clients that do not have a direct relationship with the Payment Processor's financial institution.

Sameer ∙

Lvl 5

∙ 3y ago

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More answers

A Third party payment processor is a business that offers customers and alternative fast, safe method to pay for online goods and services.

Wiki User

∙ 11y ago

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Continue Learning about American Government

What is the party called responsible for payment an obligation?

The debtor is the party responsible for payment obligation on an account.

What party stood for the third parties?

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