A third-party payment processor is a service that allows businesses to accept online payments. These processors facilitate transactions between the customer and the business by transferring funds from the customer's bank or credit account to the business's bank account. Examples of popular third-party payment processors include Square, PayPal, Stripe, and Stax. Unlike setting up their own merchant accounts, businesses can work with these processors to quickly and easily begin accepting online payments without the need for a lengthy setup process. If you're considering using a third-party payment processor, make sure to choose one that aligns with your business needs and goals!
Some of the third-party payment processor solutions are: Skrill, Stripe, PayPal, Square