Open on EUR-Lex ↗

Article 7 - Interchange fee for national direct debit transactions

Article 7
Interchange fee for national direct debit transactions

1.Without prejudice to paragraphs 2 and 3, where a multilateral interchange fee or other agreed remuneration for a national direct debit transaction executed before 1 November 2009 applies between the payment service providers of the payee and of the payer, such a multilateral interchange fee or other agreed remuneration shall apply for any national direct debit transaction executed before ►M1 1 February 2017 ◄ .

2.Where such a multilateral interchange fee or other agreed remuneration is reduced or abolished before ►M1 1 February 2017 ◄ , such reduction or abolition shall apply to any national direct debit transactions executed before that date.

3.In the event of a bilateral agreement between the payment service providers of the payee and of the payer for a national direct debit transaction, paragraphs 1 and 2 shall not apply where that national direct debit transaction was executed before ►M1 1 February 2017 ◄ .

Official text · consolidated version 31/03/2012 (no longer in force) Open full page ↗
8 queries · page built in 8 msInventory f82bbfa3