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 provider.ice, 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