Third-Party Payment Services

Third-party payment services are companies that act as intermediaries to facilitate online financial transactions between buyers and sellers. Instead of entering credit card details directly on a merchant’s website, you pay through platforms like PayPal, Stripe, or Square. These services securely handle your payment information, providing an added layer of protection and convenience. They also manage billing, fraud prevention, and sometimes currency conversions. Essentially, third-party payment services streamline and secure digital payments, making online transactions easier and safer for both consumers and merchants without revealing sensitive financial data directly to vendors.