direct debit

Defined in Article 2, Regulation (EC) No 924/2009

Uses as of 20/09/2017

Definitions over time (1)

1. 31/03/2012 – 19/08/2021 applies on 20/09/2017 Article 2, Regulation (EC) No 924/2009 Scope: Whole act

   For the purposes of this Regulation, the following definitions shall apply:

   ‘direct debit’ means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

Used in (37 places in 10 provisions on 20/09/2017)

Regulation (EC) No 924/2009 (37 in 10)

Recital 3 · Recital 5 · Recital 11⁸ · Recital 12¹⁴ · Recital 19 · Article 1 · Article 2⁴ · Article 4 · Article 6 · Article 7⁵