Payment Services Directive definition
Examples of Payment Services Directive in a sentence
When we refer to “PSD2” in this section we mean the Second EU Payment Services Directive ((EU)2015/2366).
For the avoidance of doubt, neither the Ancillary Documents nor the parts of this Agreement that incorporate the terms of the Ancillary Documents constitute "framework contracts" for the purpose of the EU Payment Services Directive (2015/2366 ) or any implementation of that directive in the EU or EEA.
For the avoidance of doubt, neither the Ancillary Documents nor the parts of this Agreement that incorporate the terms of the Ancillary Documents constitute “framework contracts” for the purpose of the EU Payment Services Directive (2007/64/EC), the Second EU Payment Services Directive (EU)2015/2366) (“PSD2”) or any implementation of those directives in member states of the EU or EEA.
You acknowledge and agree that the User Agreement, and not this Agreement, is the “framework contract” between you and PayPal as defined in laws transposing the Second Payment Services Directive ((EU)2015/2366).
If you are not a consumer, (being an individual acting for purposes other than a trade, business or profession) Micro-Enterprise or a charity with an annual income of less than 1 million GBP, we consider you to be a “Corporate Customer” and certain provisions of the Payment Services Directive may be disapplied for your use of the Service.