Changes to Online Payments in the EU

What is PSD2?

On September 14, 2019, certain requirements under the Revised Payment Services Directive (PSD2) will come into effect. PSD2 aims to make online payments in the EU more secure by requiring shoppers to verify their identities before making a purchase.

How will PSD2 impact me?

Your customers in the EU may need to complete additional security steps when making a purchase on your website. For example, they could be asked to enter a password or a code sent by text message. This will happen automatically through each customer’s bank and doesn’t require you to do anything.