The European Economic Area (EEA) consists of the European Union plus Iceland, Liechtenstein, and Norway. It enables the free movement of goods, services, people, and capital across borders. For payments, this means unified rules for consumer protection, chargebacks, and strong customer authentication (SCA) under PSD2. Businesses operating in the EEA must meet these standards for compliance and interoperability.
If you’re accepting payments from customers in the EEA, you’ll need to ensure that your systems support SCA and other regional requirements. AltoPay’s platform includes support for EEA-specific regulations like 3DS2 and provides assistance in understanding compliance obligations. Familiarity with EEA rules helps reduce approval issues and avoid penalties tied to cross-border non-compliance.
For more than a decade, Jessica Velasco has been a thought leader in the payments industry. She aims to provide readers with valuable, easy-to-understand resources.
