Definitions › Consumer protection (English)
payer
Defined in 1 EU act of the Consumer protection group: Payment Accounts Directive First
Payment Accounts Directive, Article 2(13) First adopted 2014-07-23
a natural or legal person who holds a payment account and allows a payment order from that payment account or, where there is no payer’s payment account, a natural or legal person who makes a payment order to a payee’s payment accountSee also: payee.