Method B of Article 9(1) Directive 2015/2366/EU (PSD2) refers to the total amount of payment transactions executed by the payment institution (PI). According to Article 4(5) PSD2, a payment transaction means “an act, initiated by the payer or on his behalf or by the payee, of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the payer and the payee”. According to Article 4(44) PSD2, acquiring of payment transactions means "a payment service provided by a payment service provider contracting with a payee to accept and process payment transactions, which results in a transfer of funds to the payee". An actual transfer of funds by the acquirer to the payee does not have to take place if the parties agree upon other forms of settlement (Recital 10 of PSD2).

It follows from the above that the acquiring of payment transactions may entail two steps. One step is crediting the funds from the acquired transaction to an account held by the acquirer; the other step may entail an actual transfer of the funds to the payee's account, which can be held with the acquirer or another payment service provider. In the case where the acquirer transfers the funds to the merchant’s account within another PI and therefore both steps take place, the acquiring entails crediting and subsequent transferring of funds, which are two separate payment transactions. PSD2 does not stipulate to whom the execution of these payment transactions should be attributed where such transactions entail transferring of funds between two PIs. Therefore, Method B of Article 9(1) PSD2 allows for an approach whereby each of these transactions are counted in order to calculate the total amount of payment transactions executed by the acquiring PI.

Disclaimer:

The answers clarify provisions already contained in the applicable legislation. They do not extend in any way the rights and obligations deriving from such legislation nor do they introduce any additional requirements for the concerned operators and competent authorities. The answers are merely intended to assist natural or legal persons, including competent authorities and Union institutions and bodies in clarifying the application or implementation of the relevant legal provisions. Only the Court of Justice of the European Union is competent to authoritatively interpret Union law. The views expressed in the internal Commission Decision cannot prejudge the position that the European Commission might take before the Union and national courts.