What are third party services?

Third-party services are web-based technologies that are not exclusively operated or controlled by a government entity or that involve significant participation of a nongovernment entity. The FTC uses third-party services to assist it in communicating or interacting with the public.

What is third party payment examples?

PayPal is one good example of an online payment portal that acts as a third party in a retail transaction. A seller offers a good or service, and a buyer uses a credit card entered through the PayPal payment service. The payment is run through PayPal and is thus a third-party transaction.

What does 3rd party mean?

Word forms: third parties. countable noun. A third party is someone who is not one of the main people involved in a business agreement or legal case, but who is involved in it in a minor role.

What is a third party contractor meaning?

Third Party Contractor means a person or organisation that provides services to or on behalf of an Insured pursuant to a written agreement in circumstances where the person or organisation acts within the scope of the agreement and the agreement has been reviewed by the Insured’s in-house or outside counsel prior to …

What is a third party provider in banking?

Third Party Providers or “TPPs” means any payment service provider that provides payment services to you or someone else that concerns the Account, for example, an AISP (described in Clause 1(c) below).

What is third party in banking?

What Is a Third Party? A third party is an individual or entity that is involved in a transaction but is not one of the principals and, thus, has a lesser interest in the transaction.

What is third party payment in banking?

A third-party payment processor is an entity that helps you receive payments online from your customers without first setting up your own merchant account with a bank. Businesses that have a merchant account can directly process and settle payments in their own account.

Are contractors considered third parties?

Depending on the industry you’re in, examples of third parties can include: Consultants and independent contractors. Subcontractors. Temporary agencies.

What is an example of a third party service provider?

Third-party service provider definition (noun) Common third-party service providers include web-hosting platforms, marketing agencies, software services (including analytics software), contractors, and consultants.

Is a subcontractor considered a third party?

SUBCONTRACTORS USUALLY ARE NOT THIRD PARTY BENEFICIARIES OF CONTRACTS BETWEEN GENERAL CONTRACTORS AND OWNERS. By: Robert S. Generally, a person cannot claim benefits under a contract to which he is not a party, unless he can establish that the contracting parties intended him to be a third-party beneficiary.

What is a third party contractor used for?

Third Party Contractor means any person or entity, other than an educational agency, that receives student data or teacher or principal data from an educational agency pursuant to a contract or other written agreement for purposes of providing services to the educational agency, including but not limited to data …

What is a 3rd party supplier?

In commerce, a “third-party source” means a supplier (or service provider) who is not directly controlled by either the seller (first party) nor the customer/buyer (second party) in a business transaction.