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.

PSD2 sets out improved transparency: payments going out of the EU are required to have transparency on cost, opening the way to better management of one leg payments.

See also

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