# PSR Article 62 — Refunds for payment transactions initiated by or through a payee

Textual state: amended_substantial. 24 words changed

- Current text: Council final compromise text (Council document 8221/26) — not yet law.
- Compared against: COM(2023) 367 final — superseded.
- Classification is mechanical; method: https://paymentslaw.eu/method/
- Editorial review state: not_assessed. Markers are curated and selective, not a complete assessment.

Word-level diff, proposal → compromise: `{+text+}` was inserted, `[-text-]` was deleted.

## Paragraph 1

1. A payer shall be entitled to a refund from the payment service provider of an authorised payment transaction which was initiated by [-the payer -]{+or +}through a payee and which has already been executed, where both of the following conditions are met: (a) the authorisation did not specify the exact amount of the payment transaction when the authorisation was made; (b) the amount of the payment transaction exceeded the amount the payer could reasonably have expected taking into account the previous spending pattern, the conditions in the framework contract and relevant circumstances of the case. At the payment service provider’s request, the payer shall bear the burden of proving such conditions are met. The refund shall consist of the full amount of the executed payment transaction. The credit value date for the payer’s payment account shall be no later than the date the amount was debited. Without prejudice to paragraph 3 of this Article, in addition to the right referred to in the first subparagraph of this paragraph, for [-authorised payment transactions which were initiated by a payee, including -]direct [-debits as referred to in Article 1 of Regulation (EU) No 260/2012, -]{+debits, +}the payer shall have an unconditional right to a refund within the time limits laid down in Article 63 of this Regulation.

## Paragraph 2

2. For the purposes of paragraph 1, first subparagraph, point (b), the payer shall not invoke reasons related to possible currency exchange costs if the reference exchange rate agreed with its payment service provider in accordance with Article 13(1), point (e), and Article 20, point (c)(iii), was applied.

## Paragraph 3

3. The payer and the payment service provider may agree in a framework contract that the payer has no right to a refund where: (a) the payer has authorised the execution of the payment transaction directly with the payment service provider; (b) where applicable, information on the future payment transaction was provided or made available in an agreed manner to the payer for at least 4 weeks before the due date by the payment service provider or by the payee.

## Paragraph 4

4. For direct debits in currencies other than euro, payment service providers may offer more favourable refund rights in accordance with their direct debit schemes provided that they are more advantageous to the payer.