For the purposes of this Directive, the following definitions apply:
(1) "consumer" means any natural person who is acting for purposes which are outside his trade, business, craft or profession;
(2) "legally resident in the Union" means where a natural person has the right to reside in a Member State by virtue of Union or national law, including consumers with no fixed address and persons seeking asylum under the Geneva Convention of 28 July 1951 Relating to the Status of Refugees, the Protocol thereto of 31 January 1967 and other relevant international treaties;
(3) "payment account" means an account held in the name of one or more consumers which is used for the execution of payment transactions;
(4) "payment service" means a payment service as defined in point (3) of Article 4 of Directive 2007/64/EC;
(5) "payment transaction" means an act, initiated by the payer or by the payee, of placing, transferring or withdrawing funds, irrespective of any underlying obligations between the p
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