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#1960158 - 09/08/14 07:52 PM TPPP vs Third-Party Sender
Madawaska Offline
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Joined: Sep 2008
Posts: 105
Hi, can someone clarify for me exactly the difference, if there is any, between defining a customer as a 'Third Party Payment Processor' and a 'Third Party Sender'.

Is a 'Third Party Sender' still considered a 'TPPP'?


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#1961258 - 09/11/14 04:40 PM Re: TPPP vs Third-Party Sender Madawaska
Sunshine Lady Offline
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Sunshine Lady
Joined: Apr 2014
Posts: 620
Third-party processor such as PayPal lets you accept online payments without a merchant account of your own. Instead, they let you use their merchant account under their own terms of services

THIRD-PARTY SENDER A third-party service provider is considered to be a third-party sender when there exists an agreement with an ODFI or another third-party sender to originate transactions and also has an agreement with an originator to initiate transactions into the ACH Network on their behalf. In this situation, there is no agreement between the originator and the ODFI. A third-party sender is a subset of the third-party service, usually with very little setup required.

Hope this helps.
Define Success on your own terms, achieve it by your own rules, and build a life you are proud of. Anne Sweeney

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#1961919 - 09/15/14 02:06 PM Re: TPPP vs Third-Party Sender Madawaska
Calmeida12 Offline
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Joined: Sep 2012
Posts: 249
Does anyone have keywords to search for these types of entities? Thank you.

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#1962757 - 09/18/14 12:59 PM Re: TPPP vs Third-Party Sender Madawaska
WonderWoman Offline
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Joined: Mar 2007
Posts: 2,108
gone fishin'
We had a consultant tell us that all of our property management accounts for HOAs are considered Third Party Senders.
My opinions are my own, and not that of my employer.

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#1962863 - 09/18/14 04:02 PM Re: TPPP vs Third-Party Sender Madawaska
CantBeShocked Offline
Gold Star
Joined: Apr 2006
Posts: 260
I would disagree with the consultant - IF the HOAs are not procesing payments via ACH. If all check, no third party sender.

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#1962895 - 09/18/14 05:11 PM Re: TPPP vs Third-Party Sender Sunshine Lady
CBAP Offline
New Poster
Joined: Aug 2011
Posts: 4
So, this would mean that a TPPP is NOT the same things as a Third Party Sender?

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