(1) Where a specific payment instrument is used for the purposes of giving consent, the payer concerned and the payer’s payment service provider may agree on spending limits for payment transactions executed through that payment instrument.

(2) If agreed in a framework contract, the payment service provider concerned may reserve the right to block a payment instrument for objectively justified reasons relating to -

(a) the security of the payment instrument,

(b) the suspicion of unauthorised or fraudulent use of the payment instrument, or

(c) in the case of a payment instrument with a credit line, a significantly increased risk that the payer concerned may be unable to fulfil its liability to pay.

(3) Where a payment instrument is blocked in accordance with paragraph (2), the payment service provider concerned shall inform the payer concerned in an agreed manner of the blocking of the payment instrument and the reasons for it, where possible, before the payment instrument is blocked and at the latest immediately after it is blocked, unless providing such information would compromise objectively justified security measures or is unlawful.

(4) Where a payment instrument is blocked in accordance with paragraph (2), the payment service provider concerned shall unblock the payment instrument or replace the instrument with a new payment instrument as soon as the reasons for blocking no longer apply.