direct debit

Defined in Article 4, Payment Services Directive (PSD2)

Definitions over time (2)

1. 08/04/2024 – today applies on 10/11/2026 Article 4, Payment Services Directive (PSD2) Scope: Whole act

   For the purposes of this Directive, 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 consent given by the payer to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

2. 23/12/2015 – 12/01/2016 Article 4, Payment Services Directive (PSD2) Scope: Whole act

   For the purposes of this Directive, 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 consent given by the payer to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

Used in (24 places in 10 provisions on 10/11/2026)

Payment Services Directive (PSD2) (24 in 10)

Recital 49 · Recital 68 · Recital 76⁹ · Recital 77 · Recital 82² · Article 4 · Article 76³ · Article 80 · Article 83 · Annex I⁴