Cross-border payment concept

A payment will be considered cross-border when the payer is located in one Member State and the beneficiary is located in another Member State or in a third country or territory.

For these purposes, the payer is deemed to be located in the Member State corresponding to:

1. To the number IBAN of the payer's payment account or to any other means of identification that allows the payer's location to be unequivocally identified and provided, or in the absence of such means of identification.

2. To the code BIC or any other entity identifier code that uniquely identifies and provides the location of the payment service provider acting on behalf of the payer.

As regards the beneficiary, he shall be deemed to be located in the Member State or third territory or country concerned:

1. To the IBAN number of the beneficiary's payment account or to any other means of identification that allows the beneficiary to be unequivocally identified and the location to be provided, or in the absence of such means of identification.

2. The BIC code or any other entity identifier code that uniquely identifies and provides the location of the payment service provider acting on behalf of the beneficiary.

• Cross-border payments excluded from reporting obligation

Cross-border payments shall not be reported where, in the course of a calendar quarter, the payment service provider does not provide payment services to the same beneficiary corresponding to more than 25 cross-border payments.