French Monetary and Financial Code
In forceI. - The payment service user may not revoke a payment order once it has been received by the payer's payment service provider unless otherwise provided for in this article.
II. - Where the payment transaction is initiated by the payee or by the payer giving a payment order through the payee, the payer may not revoke the payment order after transmitting the payment order to the payee or giving his consent to the execution of the payment transaction to the payee.
Where the payment transaction is initiated by a payment service provider providing a payment initiation service mentioned in 7° of II of Article L. 314-1, the payer may not revoke the payment order after having given his consent for the payment service provider providing the payment initiation service to initiate the payment transaction.
However, in the case of direct debits and without prejudice to the right to reimbursement referred to in Article L. 133-25, the payer may revoke the payment order no later than the end of the business day preceding the day agreed for debiting the funds.
III. - Where it has been agreed between the payment service user who ordered the payment transaction and his payment service provider that execution of the payment order will begin on a given day or at the end of a specified period or on the day on which the payer has made the funds available to his payment service provider, the payment service user may revoke the payment order no later than the end of the business day preceding the agreed day;
IV. - On expiry of the deadlines referred to in I, II and III, the payment order may only be revoked if the payment service user and his payment service provider have agreed to this. In the cases mentioned in II, the payee's consent is also required. If the deposit account agreement or the payment services framework agreement so provides, the payment service provider may charge a fee for the revocation.
