- charge
means any amount levied on a payment service user by a payment service provider that is directly or indirectly linked to a payment transaction, any amount levied on a payment service user by a payment service provider or a party providing currency conversion services in accordance with Article 59(2) of Directive (EU) 2015/2366 for a currency conversion service, or a combination thereof;
- consumer
means a natural person acting for purposes other than his or her trade, business or profession;
- cross-border payment
means an electronically processed payment transaction initiated by a payer, or by or through a payee, where the payer’s payment service provider and the payee’s payment service provider are located in different Member States;
- direct debit
means a 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 consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;
- direct debit scheme
means a common set of rules, practices and standards agreed between payment service providers for the execution of direct debit transactions.
- funds
means banknotes and coins, scriptural money and electronic money as defined in Article 2, point (2), of Directive 2009/110/EC of the European Parliament and of the Council;
- instant credit transfer
means an instant credit transfer as defined in Article 2, point (1a), of Regulation (EU) No 260/2012, that is in euro and cross-border.
- interchange fee
means a fee paid between the payment service providers of the payer and of the payee for each direct debit transaction;
- micro-enterprise
means an enterprise, which, at the time of conclusion of the payment service contract, is an enterprise as defined in Article 1 and Article 2(1) and (3) of the Annex to Commission Recommendation 2003/361/EC;
- national payment
means an electronically processed payment transaction initiated by a payer, or by or through a payee, where the payer’s payment service provider and the payee’s payment service provider are located in the same Member State;
- payee
means a natural or legal person who is the intended recipient of funds which have been the subject of a payment transaction;
- payer
means a natural or legal person who holds a payment account and allows a payment order from that payment account, or, where there is no payment account, a natural or legal person who gives a payment order;
- payment order
means an instruction by a payer or payee to its payment service provider requesting the execution of a payment transaction;
- payment service provider
means any of the categories of legal persons referred to in Article 1(1) of Directive (EU) 2015/2366 and the natural or legal persons referred to in Article 32 of that Directive, but excludes those institutions listed in points (2) to (23) of Article 2(5) of Directive 2013/36/EU of the European Parliament and of the Council benefiting from a Member State waiver exercised under Article 2(5) of Directive (EU) 2015/2366;
- payment service user
means a natural or legal person making use of a payment service in the capacity of either payer or payee, or both;
- payment transaction
means an act, initiated by a payer or by or through a payee, consisting of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the payer and the payee;