{"id":10292,"date":"2025-08-06T17:40:04","date_gmt":"2025-08-06T15:40:04","guid":{"rendered":"https:\/\/paynopain.com\/glosario\/psd2\/"},"modified":"2026-01-21T16:03:12","modified_gmt":"2026-01-21T15:03:12","slug":"psd2","status":"publish","type":"glosario","link":"https:\/\/paynopain.com\/en\/glossary\/psd2\/","title":{"rendered":"PSD2"},"content":{"rendered":"<h2 data-start=\"260\" data-end=\"280\"><span class=\"ez-toc-section\" id=\"What_is_PSD2\"><\/span><strong data-start=\"263\" data-end=\"280\">What is PSD2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><b>PSD2 <\/b><span style=\"font-weight: 400;\">(Payment Services Directive 2) is the <\/span><b>second European Payment Services Directive<\/b><span style=\"font-weight: 400;\">, a regulation that governs electronic payment services within the European Union. It came into effect on <\/span><b>January 1, 2021<\/b><span style=\"font-weight: 400;\"> and represented a profound change for both users and merchants, who had to adapt to new security and transparency measures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its main objective is to <\/span><b>strengthen security in digital payments<\/b> <b>and protect consumers against fraud.<\/b><span style=\"font-weight: 400;\"> This directive replaces the first PSD from 2007, which had become obsolete due to the evolution of <\/span><a href=\"https:\/\/paynopain.com\/en\/use-case\/online-payment-platform-ecommerce\/\"><b>ecommerce<\/b><\/a><span style=\"font-weight: 400;\"> and new payment methods.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"SCA_enhanced_security_in_digital_payments\"><\/span><b>SCA: enhanced security in digital payments<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">One of the key innovations of PSD2 is the introduction of <\/span><b>Strong Customer Authentication (SCA)<\/b><span style=\"font-weight: 400;\">. This measure requires verifying the user\u2019s identity by fulfilling at least two of the following three elements:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Something the user <\/span><b>possesses<\/b><span style=\"font-weight: 400;\"> (their mobile phone)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Something the user <\/span><b>knows<\/b><span style=\"font-weight: 400;\"> (a PIN or password)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Something <\/span><b>inherent to the user<\/b><span style=\"font-weight: 400;\"> (fingerprint or facial recognition)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This verification applies to all online purchases within the European Union or whenever a user enters payment details for future transactions, such as trial subscription payments.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-13977\" src=\"https:\/\/paynopain.com\/wp-content\/uploads\/2023\/02\/SCA-en.png\" alt=\"\" width=\"750\" height=\"500\" srcset=\"https:\/\/paynopain.com\/wp-content\/uploads\/2023\/02\/SCA-en.png 750w, https:\/\/paynopain.com\/wp-content\/uploads\/2023\/02\/SCA-en-300x200.png 300w\" sizes=\"(max-width: 750px) 100vw, 750px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_players_in_the_payment_ecosystem\"><\/span><b>New players in the payment ecosystem<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">PSD2 also encourages the emergence of new actors in the payment system, known as <\/span><b>Third Party Providers (TPP)<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These are third-party service providers that can operate on behalf of the customer, always with their consent, giving rise to the concept of <\/span><b>open banking<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With this openness, barriers are removed for new tech companies to offer innovative financial solutions, fostering greater competition and better services for users.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among the new types of providers regulated by PSD2, two are especially important:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Account Information Service Providers (AISP)<\/b><span style=\"font-weight: 400;\">: allow access to information from the user\u2019s different bank accounts, always with prior authorization.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Payment Initiation Service Providers (PISP)<\/b><span style=\"font-weight: 400;\">: allow payments directly from the consumer\u2019s account to the merchant\u2019s account.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These providers must comply with the same security standards as banks and traditional payment institutions to ensure full customer protection.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"PSD2_exceptions\"><\/span><b>PSD2 exceptions<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The new European regulation includes certain <\/span><b>exempt transactions<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Low-risk <\/b><span style=\"font-weight: 400;\">transactions, when the fraud rate is controlled.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Low-value <\/b><span style=\"font-weight: 400;\">transactions, as long as the amount is equal to or less than \u20ac30, the cumulative exempt amount is \u20ac100 or less, or the total number of exempt transactions is 5 or fewer.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Recurring <\/b><span style=\"font-weight: 400;\">transactions, with the same amount and payment method.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transactions from merchants on a customer\u2019s<\/span><b> whitelist.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Transactions<\/span><b> initiated by phone, email, or regular mail.<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Corporate <\/b><span style=\"font-weight: 400;\">card payments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payments<\/span><b> outside the European Union.<\/b><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_PSD2_affects_ecommerce\"><\/span><b>How PSD2 affects ecommerce<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The application of PSD2 is <\/span><b>mandatory for all online businesses selling products in the European Union<\/b><span style=\"font-weight: 400;\">. Initially, its implementation reduced conversion rates due to user unfamiliarity, but today, companies specializing in digital payments ensure full compliance without affecting the shopping experience.<\/span><\/p>\n<p><a href=\"http:\/\/www.paynopain.com\/en\"><b>PaynoPain<\/b><\/a> <b>meets all PSD2 requirements<\/b><span style=\"font-weight: 400;\">, making the purchase process fast and fully trustworthy for customers. Its easy integration with ecommerce payment platform, security guarantees (PCI certification, 3D Secure authentications, and intelligent anti-fraud system), and focus on creating a highly intuitive and simple user experience ensure <\/span><b>higher conversion rates<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"PSD2_and_recurring_subscription_payments\"><\/span><b>PSD2 and recurring subscription payments<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For businesses that manage their products or services through recurring payment platforms (<\/span><b>monthly, quarterly, or similar subscriptions)<\/b><span style=\"font-weight: 400;\">, the user only needs to <\/span><b>authenticate the<\/b> <b>first payment<\/b><span style=\"font-weight: 400;\">. Subsequent charges are exempt if the following conditions are met:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Same amount and frequency<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Same payment method<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Same beneficiary<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Benefits_of_PSD2\"><\/span><b>Benefits of PSD2<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">PSD2 provides <\/span><b>several advantages for both consumers and merchants<\/b><span style=\"font-weight: 400;\">:<\/span><\/p>\n<h3><b>Greater security<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Two of the three SCA factors are required, reducing online fraud and increasing user confidence in digital payments.<\/span><\/p>\n<h3><b>Faster payments\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Payment execution times are reduced, with transactions completed immediately once authorized.<\/span><\/p>\n<h3><b>Immediate correction of unauthorized transactions<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The user\u2019s liability for unauthorized payments is reduced to \u20ac50 (previously \u20ac150) before notification.<\/span><\/p>\n<h3><b>Greater control over financial data<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Consumers can share financial information with third parties, consolidating their accounts on a single platform for easier management.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is PSD2?<\/p>\n<p>PSD2 (Payment Services Directive 2) is the latest European regulation covering payment services, affecting online payments as well as card and mobile payments.<\/p>\n","protected":false},"featured_media":9302,"template":"","meta":{"_acf_changed":false},"class_list":["post-10292","glosario","type-glosario","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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