direct debit
Defined in Article 2, Regulation (EU) 2021/1230
Definitions over time (1)
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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;
Earlier definition records in this act (1)
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- Article 2(14) Historical · definitions end 08/04/2024