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SEPA Payment Scheme Participation Fees - Policy and Invoicing Guidelines

In accordance with the relevant provisions of the Payment Scheme Management Rules, the establishes each year the following year’s payment scheme participation fees to recover the costs related to the Payment Scheme Management function performed by the and the Payment Scheme Management governance bodies.

The purpose of the present document is to clarify the administrative rules put in place to ensure the effective collection of the payment scheme participation fees, as defined in the Payment Scheme Management Rules.

The main amendments relate to the section 7 outlining the role of the National Adherence Support Organisations (NASOs) in this annual process. The NASOs can assist the in its recovery of fees from payment scheme participants which would fail to pay the invoices. The NASOs can also act as a billing agent for the fees being levied in their community. 

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