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How PSD2 impacts platforms and marketplaces
Learn how PSD2 affects platforms and marketplaces, and how these European regulations concern platform businesses around the world.
Platforms and marketplaces have transformed commerce by making the link between buyers and sellers easier. These platform business models are continuing to grow in popularity and are spreading into more and more industry niches and use cases.
But as their importance increases, platform businesses have also brought accountability into question. Which party is legally responsible for the funds that are transferred from the buyer to the seller?
This is what the Revised Payment Services Directive(PSD2) clarifies and shifts more responsibility onto platforms.