New rules on electronic payments


New rules come into force on 13th January that are aimed to protect consumers. This applies to transactions in shops and online. In brief they will:

  •  Prohibit surcharging, which are additional charges for payments with consumer credit or debit cards, both in shops or online;
  • Open the EU payment market to companies offering payment services, based on them gaining access to information about the payment account;
  • Introduce strict security requirements for electronic payments and for the protection of consumers’ financial data;
  • Enhance consumers’ rights in numerous areas. These include reducing the liability for non-authorised payments and introducing an unconditional (“no questions asked”) refund right for direct debits in euro.

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