Chapter IV: Payment services

Payment institutions and electronic money institutions that provide payment services are required to make available, on paper or on another durable medium, to their customers and to the public the general terms and conditions they apply to the transactions they carry out. When they open a payment account mentioned in I of Article L. 314-1, the institutions mentioned in the first paragraph must provide their customers, on paper or on…

For the purposes of Article L. 314-1, the following definitions apply 1° Direct debit service: a service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of 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° Transfer service means a service provided by the payment service provider…