How PSD2 affects the merchants?


PSD2 intends to speed up the process of taking payments with the introduction of APIs from major banks.

 This allows for third party providers, which consist of Account Information Service Providers (AISPs) and Payment Information Service Providers (PISPs) to provide services for our merchants and cardholders.

 PSD2 also makes it easier for your potential customers to bulk buy products from your business. This only applies to eCommerce for the time being, however.