One leg payment

Payment Services Directive 2 (PSD2).

A one leg payment is one where only one of two payment service providers involved is located in the European Union (EU).

Also known as 'one-leg-out' payments.

Transparency and cost

"PSD2 is set to bring improved transparency, as payments going out of the EU will be required to have transparency on cost, opening the way to better management of one-leg-out payments."

The Treasurer magazine, August 2018, p15.

See also

• European Union
• Payment service provider
• Payment Services Directive
• Payments and payment systems
• PSD2
• Single Euro Payments Area

Other links

EACT position paper on PSD2