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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.

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Sameer

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

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Wiki User

11y ago
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Q: What is a third party payment processor?
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