What is PSD2 - Open Banking?

The second Payment Services Directive (“PSD2”) - Open Banking is a revised European directive allowing you to share your Crypto.com VISA EU card account details to regulated third-party providers in a safe and secure manner. 

You as the account holder must give your explicit approval prior to any sharing of account information. Ultimately, Crypto.com is supportive of this initiative to give you control back of your own data!

How can Third Party Providers (“TPPs”) connect with us?

Crypto.com is partnering with Salt Edge Limited to provide and support a dedicated interface for any TPPs to connect with us. All the onboarding and complete integration documentation can be found on Salt Edge’s Developer portal via this link.

What information can I share as an account holder?

Right now this service is only available for the Crypto.com VISA EU card account. This means that you can give the approval to share your card balance and transaction history with a TPP of your choice. 

How can I revoke my approval?

Please let your TPP know that you wish to revoke the consent provided to them to have access to your Crypto.com VISA EU card account details. Once you have revoked the consent, they will no longer be able to retrieve your account details from us.

Past availability and performance

Please refer to this link

What is PSD2 - SCA?

The second Payment Services Directive (“PSD2”) - Strong Customer Authentication (SCA) is a revised European regulatory requirement that aims to reduce fraud and make online payments more secure. This applies to online payments within Europe with some exemptions for contactless payments.

Why do I still need to insert a PIN or Swipe card for contactless transactions?

Strong Customer Authentication is required at the point of sale subject to the following conditions:

  • Greater than £100 / €50: The value of the transaction must exceed £100 / €50, and either

  • Total Amount of Consecutive Contactless Transactions greater than £300 / €150: The cumulative monetary amount of consecutive contactless transactions without a PIN must not exceed £300 / €150; or

  • More than 5 consecutive contactless transactions: The number of consecutive contactless transactions since the last usage of a PIN must not exceed five

Once you have used a PIN to authenticate a transaction, the count will be reset to zero.

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