Third-party source explained

In commerce, a third-party source means a supplier (or service provider) who is not directly controlled by either the seller (first party) nor the customer/buyer (second party) in a business transaction.[1] The third party is considered independent from the other two, even if hired by them, because not all control is vested in that connection. There can be multiple third-party sources with respect to a given transaction, between the first and second parties. A second-party source would be under direct control of the second party in the transaction.[2]

In information technology, a third-party source is a supplier of software (or a computer accessory) which is independent of the supplier and customer of the major computer product(s).

In e-commerce, 3rd party (3P) source refers to a seller who publishes products on a marketplace, without this marketplace to own or physically carry those products. When an order comes in, a 3P seller has the item on hand and fulfills it. An example of 3P sellers are merchants participating in Amazon's FBM program.[3]

See also

Notes and References

  1. Web site: Glossary. Rise Research Institutes of Sweden. https://web.archive.org/web/20090213030328/http://www.sp.se/EN/PRESS/GLOSSARY/Sidor/default.aspx. 2009-02-13. live. 2018-07-28.
  2. "Definition - third party", Yale.edu, 2011, web: YLic, states: "not directly involved in the transaction".
  3. Web site: Online Sales and Its Sellers (1P, 2P, 3P). GeekSeller. 2019-06-01. 2017-09-05.