Making payments in Europe

Thanks to EU rules, payments are becoming safer and you can now make payments throughout Europe as easily as you do at home.

The EU’s revised Payment Services Directive (PSD2) in a nutshell:

• You can no longer be charged extra costs by a merchant when you pay using a card issued in the EU.
• The rules cover all kinds of electronic payments (e.g. credit transfers, direct debits, card payments…).
• Anybody legally residing in Europe has the right to a bank account for making electronic payments (“payment account”).

To find out more,

https://ec.europa.eu/info/sites/default/files/business_economy_euro/banking_and_finance/documents/leaflet-your-rights-payments-eu_en.pdf