In direct H2O2 synthesis, the Pd-Au alloy was considered as a potential catalyst because of its much better performance compared to the prototype Pd; unfortunately, achieving both high activity and selectivity remains a challenge. Here, we synthesized nonconcentric Pd-Au NPs in which Au domain shells are formed only partially on Pd domain cores and tested them for direct H2O2 synthesis. It has three exposed regions of Pd, Au domains, and Pd-Au interfaces in a single NP (hence, a 3-in-1 strategy). Creating nonconcentric forms was demonstrated convincingly by density functional theory calculations. The nonconcentric Pd-Au particles exhibit high and well-balanced performances that are hard to achieve with traditional alloyed Pd-Au. The number of Pd/Au interfaces was found to be the key factor and thus was optimized by controlling the Au precursor concentrations. The hitherto underutilized structure of nonconcentric bimetallic alloys can be useful and thus should be more actively investigated for catalyst development.