# PSR Article 67 — Receipt of payment orders

Textual state: amended_substantial. 18 words changed

- Compared text: Council position at first reading (Council document 8543/26) — not yet law.
- Compared against: Council document 8221/26 — superseded.
- Classification is mechanical; method: https://paymentslaw.eu/method/
- Editorial review state: not_assessed. Editor's notes are selective, not a complete assessment.

Word-level diff for each step, earlier → later edition: `{+text+}` was inserted, `[-text-]` was deleted.

## Step 1 · Commission proposal (2023) to Council compromise text (April 2026)

Article 64 → 64. Textual state: unchanged. No text changes from the 2023 proposal.

- Editorial review state: not_assessed.

### Paragraph 1

1. The time of receipt of a payment order shall be when the payment order is received by the payer’s payment service provider. The payer’s account shall not be debited before receipt of the payment order. If the time of receipt is not on a business day for the payer’s payment service provider, the payment order shall be deemed to have been received on the following business day. The payment service provider may establish a cut-off time near the end of a business day beyond which any payment order received shall be deemed to have been received on the following business day.

### Paragraph 2

2. If the payment service user placing a payment order and the payment service provider agree that the execution of the payment order shall start on a specific day or at the end of a certain period or on the day on which the payer has put the funds at the payment service provider’s disposal, the time of receipt for the purposes of Article 69 shall be deemed to be the agreed day. If the agreed day is not a business day for the payment service provider, the payment order received shall be deemed to have been received on the following business day.

### Paragraph 3

3. This Article shall not apply to instant credit transfers denominated in Euro as covered by Regulation XXX (IPR).

## Step 2 · Council compromise text (April 2026) to Council position at first reading (October 2026)

Article 64 → 67. Textual state: amended_substantial. 18 words changed

- Editorial review state: not_assessed.

### Paragraph 1

1. The time of receipt of a payment order shall be when the payment order is received by the payer’s payment service provider. The payer’s account shall not be debited before receipt of the payment order. If the time of receipt is not on a business day for the payer’s payment service provider, the payment order shall be deemed to have been received on the following business day. The payment service provider may establish a cut-off time near the end of a business day beyond which any payment order received shall be deemed to have been received on the following business day.

### Paragraph 2

2. If the payment service user placing a payment order and the payment service provider agree that the execution of the payment order shall start on a specific day or at the end of a certain period or on the day on which the payer has put the funds at the payment service provider’s disposal, the time of receipt for the purposes of Article [-69 -]{+73 +}shall be deemed to be the agreed day. If the agreed day is not a business day for the payment service provider, the payment order received shall be deemed to have been received on the following business day.

### Paragraph 3

3. This Article shall not apply to instant credit transfers denominated in [-Euro as covered by -]{+euro that fall within the scope of +}Regulation [-XXX (IPR). -]{+(EU) No 260/2012.+}