direct debit
Definitions over time (1)
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19/08/2021 – 08/04/2024 Article 2, Regulation (EU) 2021/1230 Scope: Whole act
For the purposes of this Regulation, the following definitions 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;
Other definitions of this term in this act (1)
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