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Section 14: Payment transactions where the amount is not known in advance

Article L133-42 of the French Monetary and Financial Code

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.

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Article L133-43 of the French Monetary and Financial Code

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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