Without prejudice to the above, where a multilateral interchange fee or other agreed remuneration for a national direct debit transaction existed before 1 November 2009 or agreed remuneration agreed up to 1 November 2012.\u00a0 They apply to national direct debit transactions executed before that date.<\/p>\n
The regulation require that a payment service provider of a payee are reachable for national direct debit transaction in euro on account of the payer shall be reachable in accordance with the direct debits scheme, where direct debit transactions denominated in euro initiated by a payee through his payment service provider located in any Member State.\u00a0 This only apply to direct debit transactions which were available to the consumers under the direct debit scheme.\u00a0 Payment service providers were obliged to comply with the about obligation by 1 November 2010.<\/p>\n
Member states which do not have euro as a currency were obliged to comply with the requirements above for a direct debit transactions denominated in euro by 1 November 2014.<\/p>\n\n
\n <\/div>\n\n","protected":false},"excerpt":{"rendered":"
Overview The Single Euro Payments Area (SEPA) seeks to integrate payment services in the EU.\u00a0 It simplifies bank transfers in Europe.\u00a0 SEPA consist of the 28 EU states and the 4 EFTA members, Iceland, Liechtenstein, Norway and Switzerland.\u00a0 It also comprises Monaco and San Marino. SEPA seeks to improve the efficiency of payments cross-border and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/27563"}],"collection":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/comments?post=27563"}],"version-history":[{"count":8,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/27563\/revisions"}],"predecessor-version":[{"id":30534,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/posts\/27563\/revisions\/30534"}],"wp:attachment":[{"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/media?parent=27563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/categories?post=27563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/legalblog.ie\/wp-json\/wp\/v2\/tags?post=27563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}