The European Payment Services Directive, also known as EU PSD2, regulates how a platform operates when acting as an intermediary between buyers and sellers. According to EU PSD2, an intermediary who simply makes payment on behalf of one party to another party may require authorization.
Takeaway: EU PSD2 could impact an MSP’s ability to act as a payment intermediary in EMEA client engagements. Watch for updates about required adjustments, particularly related to automated solutions that currently provide payment speed and accuracy benefits for MSP clients and suppliers alike.
This update contains general information only, and AGS is not rendering legal advice. Before making any decision or taking any action that may affect your business, you should consult qualified legal counsel. AGS shall not be responsible for any loss whatsoever sustained by any person or company who relies on this update.