(1) Subject to the proviso of subsections (2) to (4), the payment service user no longer may revoke a payment order after it has been received by the payer’s payment service provider.
(2) If the payment transaction was initiated via a payment initiation service provider, by the payee or through the payee, the payer no longer may revoke the payment order after having granted consent to the payment initiation service provider to initiate a payment transaction or after having granted consent to the payee regarding the execution of the payment transaction. However, in the case of a direct debit, the payer may revoke the payment order without prejudice to their rights under section 675x until the end of the business day prior to the agreed due date.
(3) If a specific date has been agreed between the payment service user and their payment service provider for the execution of a payment order (section 675n (2)), the payment service user may revoke the payment order until the end of the business day prior to the agreed date.
(4) The payment order may only be revoked after the deadlines set out in subsections (1) to (3) if the payment service user and the respective payment service provider have so agreed. In the cases governed by subsection (2), additionally, consent by the payee to the revocation of the payment order is required. The payment service provider may agree on a charge with the payment service user in the framework contract on payment services for processing such revocation.
(5) Participants in payment transaction systems no longer may revoke orders to the credit of another participant from the time determined in the rules of the system.