What does the updated Payment Services Act mean?

Starting 1st of July 2020, a change in the Swedish Payment Services Act will take place. It affects the presentation of different payment methods for consumers in e-commerce.

The change means that payment methods that does not involve the use of credit, for example direct debit or Swish, have to be presented as the first option. The payment methods that does involve the use of credit will be presented as the last option, and cannot be pre-chosen. 

This change will not affect you as a merchant directly, but is intended for payment services.

The Mondido Team has of course made changes to meet the new requirements!