The structural disorder and aggregation of the third acceptor with the host active layer are critical in the light absorption, film morphology, and charge‐carrier mechanism of their photovoltaic blends to achieve highly efficient organic solar cells (OSCs). However, an effective third component needs to be introduced in the host binary blend as a combination of ternary blend, which can improve the absorption profile, film morphology, and charge dynamics. In this work, non‐fullerene acceptor DRCTF is incorporated as a third component in host PM6:Y6 binary blend. Compared to host blend, the ternary blend improves charge‐transfer processes, as evidenced by steady‐state photoluminescence and time‐resolved photoluminescence measurements. It is found that the addition of 20% DRCTF into host binary blend results in improved charge dissociation and transport with reduced recombination, and voltage losses. All these characteristics contribute to an improved power conversion efficiency of 14.45% in the PM6:Y6:DRCTF ternary OSCs (T‐OSCs), compared to PM6:Y6 (12.46%) in open‐air fabrication conditions. Consequently, in this study, the impact of third components on the charge‐transfer mechanism in T‐OSCs is elucidated. These findings suggested that T‐OSCs with a perfectly chosen third component in the host binary blend achieve a comprehensive absorption profile, smooth film morphology, efficient charge dynamics, and reduced voltage loss.