Title 7b
in forcePayment transaction
Section 1
General provisions
In this Title and the provisions based thereon, the following definitions shall apply:
This Title applies if both the payer's payment service provider and the payee's payment service provider, or the sole payment service provider…
Only articles 522c and 524 of this Title shall apply to payment service providers that exclusively offer an account information service.
During the contractual relationship, the payment service user has the right at any time to request the contractual terms of the framework agreement…
Any amendment to the framework agreement and to the information and conditions specified in or pursuant to the general administrative order referred…
The payment service user may terminate the framework agreement at any time, unless a notice period has been agreed upon by the parties. Such period…
Payment transactions shall take place in the currency agreed upon between the parties.
The payment service provider shall not charge the payment service user for its information obligations or the application of corrective or preventive…
With regard to payment instruments with a spending limit of € 150 or on which a maximum amount of € 150 can be stored at any one time and which, in…
An electronic money institution shall, upon request by the holder of the electronic money, redeem the nominal value of the electronic money.
The payment service provider shall bear the burden of proof for compliance with the obligations laid down in Articles 516 to 519 inclusive and 521…
Section 2
Authorisation of payment transactions
A payment service provider shall execute a payment transaction only with the consent of the payer to the execution of the payment order.
An account servicing payment service provider shall, at the request of a payment service provider that issues card-based payment instruments…
A payer has the right to use a payment initiation service provider for payment services as referred to in Annex I, point 7, of the directive. This…
A payment service user has the right to make use of services providing access to account information as referred to in Annex I, point 8 of the…
If a specific payment instrument is used for the purpose of communicating consent, the payer and his payment service provider may agree on spending…
The payment service user entitled to use a payment instrument,
The payment service provider issuing a payment instrument,
The payment service user who is aware of an unauthorised or incorrectly executed payment transaction for which he may hold the payment service…
If a payment service user denies having authorised an executed payment transaction or claims that the payment transaction was not correctly executed…
Without prejudice to Article 526, in the event of an unauthorised payment transaction, the payer's payment service provider shall immediately refund…
The payer shall bear all losses resulting from unauthorised payment transactions if these have occurred because he has acted fraudulently or has…
When a payment transaction is initiated by or through the payee in the context of a card-based payment transaction and the exact amount is not known…
A payer is entitled to a refund by his payment service provider of an already executed payment transaction initiated by or through a payee with his…
The payer has an unconditional right to request the refund referred to in Article 530 during a period of eight weeks from the date on which the funds…
Section 3
Execution of the payment transaction
The time of receipt is the time at which the payment order is received by the payer's payment service provider.
If the payment service provider refuses to execute a payment order or to initiate a payment transaction, the payment service user shall be notified…
The payment service user may no longer revoke a payment order from the time of receipt, as referred to in Article 532, paragraph 1, unless otherwise…
The payment service provider(s) of the payer, the payment service provider(s) of the payee and any intermediaries of the payment service provider(s)…
This paragraph applies to:
The payer's payment service provider shall ensure that the payment account of the payee's payment service provider is credited with the amount of the…
If the beneficiary does not have a payment account with the payment service provider, the funds shall be made available to the beneficiary by the…
If a consumer deposits cash in the currency of a payment account with a payment service provider into that payment account, that payment service…
By order in council, shorter maximum execution periods than those provided for in this Section may be established for national payment transactions.
The value date of the crediting of the payment account of the beneficiary shall be no later than the business day on which the amount of the payment…
If a payment order is executed in accordance with a unique identifier, the payment order shall be deemed to have been executed correctly as regards…
If a payment order is initiated directly by the payer, the payer's payment service provider shall, without prejudice to Article 526, Article 542…
If a payment order is initiated by or through the payee, the payee's payment service provider shall, without prejudice to Article 526, Article 542…
In the cases referred to in Articles 543 and 544, the payment service providers are furthermore liable to their respective payment service users for…
When a payment order is initiated by a payer through a payment initiation service provider, the account servicing payment service provider shall…
This paragraph applies without prejudice to the right to additional damages under the general rules of contract law.
If the liability of a payment service provider under Articles 528, 543, 544 and 545 can be attributed to another payment service provider or an…
Liability under Sections 2 and 3 of this Title shall not apply in abnormal and unforeseen circumstances beyond the control of the party invoking…
Section 4
Final provisions
By or pursuant to the general administrative measure referred to in Article 4:22 of the Financial Supervision Act (Wet op het financieel toezicht)…
The provisions of this Title may not be deviated from to the detriment of the payment service user, unless otherwise provided.
It is not permitted to deviate from the provisions laid down by or pursuant to the general administrative measure referred to in Article 4:22 of the…