<img height="1" width="1" src="https://www.facebook.com/tr?id=1572149729722066&amp;ev=PageView &amp;noscript=1"> PSD2: What It Is, Why It Matters, and What Merchants Need to Know
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PSD2: What Merchants Need to Know

EU’s revised Payment Services Directive will have repercussions for merchants globally. Download our free report to learn about key elements of this directive:   

  • The impact of Strong Customer Authentication
  • The end of surcharges on card transactions
  • The difference between AIS and PIS providers
  • Effects on merchants outside the EU


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How PSD2 Will Impact Merchants

The revised Payment Services Directive (PSD2) levels the playing field for banking across the EU and opens up the door for a host of new players to enter the payment environment. The end results will affect merchants globally—not just in the EU. From new required authorizations to the elimination of surcharges on card transactions, PSD2 mandates could potentially impact your revenue.

Our exhaustive report explains the key mandates of the directive, including what merchants will need to do to be compliant. We even offer insight on the potential of increased risk, and discuss simple ways to protect your revenue. Download your free copy now!


The original Payment Services Directive (PSD, or PSD1) was put in place to regulate payment services—and payment service providers—across the EU and European Economic Area. Adopted in 2007, the new rules were intended to encourage and facilitate pan-European competition by establishing the legal framework for a single EU payments system.

In simple terms, the goal was to make cross-border payments as simple and secure as payments within each respective member state. Additionally, the legislation mandated upgraded consumer protection mechanisms, and helped standardize rights and requirements for payment providers and users.

Was it successful?

Without a doubt, the PSD positively impacted the European economy by methodizing regulations and making it easier for new players to break into the payments field. Increased competition led to more payment choices for the consumer. The new rules also brought faster transaction times, stronger refund rights, and heightened transparency into payment transactions as a whole. Having said that, rapid changes (largely brought about...