Third-party source

In business, a third-party source is a supplier or service provider who is not directly controlled by the seller (first party) or the buyer (second party) in a transaction.[1] The third party is independent, even if hired by the seller or buyer. There can be more than one third party in a single transaction. A second-party source, on the other hand, is directly controlled by the buyer.[2]

In technology, a third-party source provides software or accessories that are independent of the main computer product's supplier and customer.

In e-commerce, a third-party seller (3P) is a person or company that sells items on a marketplace without the marketplace owning or storing the items. When a customer orders, the seller fulfills the order. For example, third-party sellers use Amazon's FBM (Fulfilled by Merchant) program.[3]

References

  1. ↑ "Glossary". Rise Research Institutes of Sweden. Archived from the original on 2009-02-13. Retrieved 2024-11-13.
  2. ↑ "Definition - third party", Yale.edu, 2011, web: YLic Archived 2011-05-14 at the Wayback Machine.
  3. ↑ "Online Sales and Its Sellers (1P, 2P, 3P)". GeekSeller. 2017-09-05. Retrieved 2024-11-13.