Article 54
| No: 000044093096 | Date(g): 13/6/2023 | Date(h): 24/11/1444 | Status: In-Force |
Effective from Jun 13 2023 - Jun 12 2023
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| (1) | A Payment Service Provider must include in the Framework Contract the right of the Payment Service User to terminate the Framework Contract, without imposing any penalties, within a period of not less than ten working days. |
| (2) | The Payment Service Provider can start the provision of Relevant Payment Services during the cooling-off period, provided the Payment Service User agrees and compliance with all the relevant requirements verification has been completed. Accordingly, the Payment Service User’s right to terminate the Framework Contract during that period shall not be affected. |
| (3) | If the Payment Service User terminates a Framework Contract during the cooling-off period, the Payment Service User will be entitled to a full refund of any previously paid fees that are not yet attributable to a Payment Service provided to them. |