3 Amendments of Alex MAYER related to 2018/0076(COD)
Amendment 53 #
Proposal for a regulation
Recital 7 a (new)
Recital 7 a (new)
(7a) Whenever a currency conversion is offered by the payment service provider of the payer for a credit transfer as defined in Regulation (EU) No 260/2012, the payment service provider must disclose, immediately prior to the initiation of the transaction, the estimated total costs of any transaction fee and the charge in the exchange rate, using the reference rate from the ECB to calculate that charge. The payment service provider must also provide the estimated amount to be received by the payee’s account servicing payment service provider before their fees are deducted.
Amendment 74 #
Currency conversion charges where the provider is the payment service provider of the payer
Amendment 81 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EC) No 924/2009
Article 3 a – paragraph 1
Article 3 a – paragraph 1
1. From [OP please insert date 369 months after the entry into force of this Regulation], payment service providers shall inform payment service users of the estimated full cost of currency conversion services, and where applicable, those of alternativeredit transfer currency conversion services prior to the initiation of a paymentthe transaction, in order that payment service users can compare alternative currency conversion options and their corresponding costs. To that effect, payment service providers shall disclose the extotal amount of all chanrge rates applied, the foreign exchange reference rate used and the total amount of all chargecable to the conversion of the payment transaction in both the currency of the payer and of the payee including any transaction fee and the charge levied in the difference between the exchange rate used for converting the payment transaction and the latest available reference exchange rate of the ECB, as applicabled to the conversion of the payment transactiontransaction amount. The payment service provider should also estimate to the payer the total amount to be received by the payee after the payment service providers chargers have been levied, without any receiving fees.