If the request for redemption of the electronic money is made within one year of the term stipulated in the contract or if the contract is terminated, the electronic money held will be redeemed in full.
When the request for redemption of electronic money is made within one year of the term stipulated in the contract between an electronic money institution carrying out hybrid activities within the meaning of Article L. 526-3 and an electronic money holder, redemption is total if the proportion of the funds to be used in the form of electronic money is not agreed between the parties.
Redemption under this section shall be made, at the option of the electronic money holder, in legal tender coins and banknotes or by a payment transaction ordered by the issuer for the benefit of the electronic money holder. For redemption in coins and banknotes, the electronic money issuer may agree with the holder on redemption by transmission of funds. Notwithstanding any clause to the contrary, the electronic money issuer shall…
Except in cases where the electronic money holder is a natural person acting for non-business purposes, Articles L. 133-30 to L. 133-36 may be waived contractually.
Where an electronic money issuer uses a person to distribute electronic money on its behalf within the meaning of Article L. 525-8, it shall remain liable for the reimbursement provided for in this Section.
I. – Where the payment is initiated by means of a card-linked payment instrument, the payment service provider managing the account shall, at the request of one of the payment service providers issuing that instrument, immediately confirm whether the amount required to execute the card-linked payment transaction is available on the payer’s payment account, provided that all of the following conditions are met: 1° The payer’s payment account is accessible…
I. – Provided that the payment account is accessible online, the payer may contact a payment service provider of his choice to obtain the payment initiation service referred to in 7° of II of Article L. 314-1. Where the payer gives his explicit consent to the execution of a payment in accordance with Article L. 133-6, the payment service provider managing the account shall carry out the actions provided for…
I. – Provided that their payment account is accessible online, payment service users may access their payment account data via a payment service provider of their choice providing the account information service referred to in 8° of II of Article L. 314-1. II. – When providing the account information service, the payment service provider : 1° obtains the express consent of the payment service user ; 2° Ensure that the…
Where a payment transaction is initiated via the payee as part of a card-related payment transaction and the exact amount is not known at the time the payer gives his consent to the execution of the payment transaction, the payer’s payment service provider may block funds on the payer’s payment account only if the payer has given his consent as to the exact amount of funds to be blocked.
The payer’s payment service provider shall release the funds blocked on the payer’s payment account referred to in Article L. 133-42 without undue delay after receiving information on the exact amount of the payment transaction and at the latest immediately after receiving the payment order.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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