Frequently asked questions about the cross-border payment information declaration (06/02/2024)

No.

Payment transactions carried out by a payer located in a third country to a Member State are not covered by the reporting obligation. Therefore, such transactions should not be included in the calculation of the threshold.

Yes. The payment method used has no influence on this. All payments must be considered regardless of the payment method used. In addition, where the payment service provider has information that the beneficiary has multiple identifiers/accounts, the calculation will be performed per beneficiary.

The number of cross-border payments should be calculated by each payment service provider per Member State in which the services are provided.

No, the paying payment service provider must determine the threshold considering all transactions made to the same beneficiary.