Parent term:
Absence of payee’s payment account with the payment service provider (Article 84, PSD2)
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Domain: World
Definition
Where the payee does not have a payment account
with the payment service provider, the funds shall be made available to
the payee by the payment service provider who receives the funds for the
payee within the time limit laid down in Article 83.
Source law
TITLE IV, CHAPTER 3, Section 2, Article 84