Definitions › Consumer protection (English)
direct debit
Defined in 2 EU acts of the Consumer protection group: Payment Accounts Directive First Geo-blocking Regulation Reference
Payment Accounts Directive, Article 2(19) First adopted 2014-07-23
a national or cross-border 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 consentGeo-blocking Regulation, Article 2(10) Reference adopted 2018-02-28
Refers to PSD2, Article 4(23) (not in this group).
direct debit as defined in point (23) of Article 4 of Directive (EU) 2015/2366