Article 56

Path:
Payment Services Directive 2 (PSD2) > TITLE III > CHAPTER 3 > Article 56
Title:
Article 56
Description: 
Information before execution of individual payment transactions
Main content: 

In the case of an individual payment transaction under a framework contract initiated by the payer, a payment service provider shall, at the payer’s request for this specific payment transaction, provide explicit information on all of the following:

(a) the maximum execution time;

(b) the charges payable by the payer;

(c) where applicable, a breakdown of the amounts of any charges.