Why PSD2 is necessary
What are the options available to marketplaces to comply:
Obtaining a banking authorisation to provide "payment services"
Benefitting from an exemption from authorisation
Using a payment service provider
"... The PSD2 is mainly known for the regulatory changes it has brought about for banks and FinTechs. Marketplaces are directly affected by these developments because they are most often required to entrust the management of payments on their platform to payment service providers ..."
"... As financial intermediaries holding bank accounts through which funds due to merchants pass, platform operators are responsible for the financial flows they organise ..."
"... Companies falling within the scope of PSD2, but not wishing or having the means to become payment service institutions, may delegate this function to a third party company. This solution can potentially be used by any marketplace..."