Section 63(5)

Where the payment service user is not a consumer, a micro-enterprise or a charity, the payment service user and the payment service provider may agree that— any or all of regulations 66(1) (charges), 67(3) and (4) (withdrawal of consent), 75 (evidence on authentication and execution), 77 (payer or payee's liability for unauthorised transactions), 79 (refunds for direct debits), 80 (requests for direct debit refunds), 83 (revocation of a payment order), 86(2A) to (2D) (payment transactions to a payment account), 91 (defective execution of payer-initiated transactions), 92 (defective execution of payee-initiated transactions) , 94 (liability for charges and interest) and 94A (liability for charges and interest as a consequence of delay under regulation 86(2B)) do not apply; a different time period applies for the purposes of regulation 74(1) (notification of unauthorised or incorrectly executed payment transactions).

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Source: legislation.gov.uk · retrieved 2026-09-04