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Article L133-25-2 of the French Monetary and Financial Code

The payer and his payment service provider may agree in the deposit account agreement or in the framework agreement for payment services that the payer is not entitled to a refund where he has given his consent to the execution of the payment transaction directly to his payment service provider and, where applicable, the information relating to the future payment transaction has been provided to the payer or made available…

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Article L133-26 of the French Monetary and Financial Code

I. – The payment service provider may not charge the payment service user for fulfilling its information obligations or for carrying out corrective and preventive measures pursuant to this chapter, except in the cases provided for in IV of Article L. 133-8, I of Article L. 133-10 and Article L. 133-21. The charges referred to in the aforementioned articles are then agreed between the payment service user and the payment…

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Article L133-27 of the French Monetary and Financial Code

The payee shall pay the charges levied by his payment service provider and the payer shall pay the charges levied by his payment service provider where: 1° A payment transaction is made within the European Economic Area and both the payer’s payment service provider and the payee’s payment service provider are located in a Member State of the European Union or another State party to the Agreement on the European…

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Article L133-28 of the French Monetary and Financial Code

I. – A decree defines the maximum amounts of payment, expenditure or storage of funds below which payment instruments designed to guarantee compliance with these thresholds are considered to be reserved for small-value payments. II. – For the instruments mentioned in I, the payment service provider may agree with the payer that : 1° The payer may not revoke the payment order after having transmitted it or after having given…

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Article L133-31 of the French Monetary and Financial Code

As an exception to article L. 133-30, when the parties are bound by a contract that expressly provides for a term, they may agree to reimburse expenses only in the following cases: 1° The request for redemption is made before the end of the contract ; 2° The electronic money holder terminates the contract before its term; 3° The electronic money holder requests redemption more than one year and one…

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