“ eNovaPay Payments Processing Solutions ”

What are third-party payment processors? How they work and choosing the right fit for your business

• Third-party payment processors enable businesses to accept online payments from customers.
• Businesses can enjoy fast payment processing, support for multiple payment methods, and the convenience of accepting payments without setting up a merchant account with a bank.
• The right third-party payment processor offers transparent fees, global reach, seamless integration, and reliable support.

Revenue in the eCommerce market could reach US$4.32 trillion in 2025.1 If you’re one of the lucky businesses riding that wave, you’ll need a payment setup that can keep pace with rising demand and rising customer expectations.

More sales mean more pressure on your checkout experience. Customers expect to pay in their local currency, using the method they trust, and to see the transaction go through instantly. If your setup can’t keep up, you’ll lose them before the sale is complete.

Many businesses try to manage this with a patchwork of gateways, plugins, and bank accounts. It works, until it doesn’t. Settlement delays, reconciliation headaches, and clunky checkouts start getting in the way of growth.

That’s where third-party payment processors can help. They take care of the heavy lifting so you can start accepting payments quickly, expand into new markets, and keep the checkout experience smooth and secure.

In this guide, we’ll explain how third-party payment processors work, what to look for in a provider, and how to choose one that supports your long-term growth.

What is a third-party payment processor?

A third-party payment processor helps your business accept online payments without opening a dedicated merchant account. It acts as the link between your checkout, your customer’s bank, and your own. The processor handles the payment in real time, so funds move from the customer to your business quickly and securely.

When someone places an order, the processor checks their payment details, confirms the funds, and completes the transaction. It also handles fraud checks, compliance, and encryption, so you don’t need to build that infrastructure yourself.

Airwallex is a third-party payment processor designed for global businesses. You can get started with simple no-code tools or build a more tailored setup using payment APIs. Our solution also includes enterprise-grade security features like PCI compliance, tokenization, and AI-powered fraud detection to keep your customers’ data safe and your business protected.