Join the EPSM
To become EPSM member your organisation shall have an essential business interest in providing payment services to merchants in Europe.

Issuers, merchants and consultants are excluded from participation.

Potential EPSM Members in"four-party" card markets

EPSM Members List
EPSM Bylaws (Status: 04. April 2005)

Name, Seat, Register of Associations
1.1 The name of the association is the:
European Association of Payment Service Providers for Merchants
1.2 The association must be entered in the register of associations. After the registration, the abbreviation "e.V." (eingetragener Verein; engl. registered association) will be added to its name
1.3The association is located in Munich.
The purpose of the association is to represent the interests of European companies providing payment services or services for payment service providers for merchants. In these statutes, all companies which are not a bank or payment service provider are referred to as merchants.
Executive Committee
3.1The Executive Committee consists of the chairperson, his deputy and the treasurer. A general meeting of the members may elect two more members as committee members.
3.2Unless otherwise agreed to the contrary, the deputy chairperson has the same authority as the chairperson, if the chairperson is absent.
3.3The Executive Committee is elected by a general meeting of the members for a period of two years. At all events they will remain in their office until a new election takes place. If a committee member leaves the Executive Committee before the end of his/her term of office, a new member will be elected until the end of the regular term.
3.4The Executive Committee will pass decisions according to a majority of the members present. If the votes are tied, the chairperson will have the casting vote. Decisions via telecommunication are permitted, if all members of the Executive Committee participate.
4.1The treasurer, and thus the Executive Committee, is responsible for maintaining correct accounts. The financial year is the calendar year.
4.2The annual accounts shall be produced by April 30th every year, at the latest, and submitted to the Executive Committee. It shall be audited by June 30, at the latest, by one or several auditors who are elected by the general meeting of the members. Each member shall have access to the auditor`s reports.
5.1The association is represented jointly by two committee members. If two further committee members have been elected, one of them shall act as chairperson, deputy chairperson or treasurer.
5.2If there is only one committee member, then this member has the power of sole representation of the association.
5.3There is no prohibition of multi-representation.
6.1All companies, regardless of their legal form, whose payment services or services for payment services provided for merchants within the Single European Payment Area amount to more than half of their turnover, can become an ordinary member of the association.
6.2An application for membership must be made in writing, with proof of registration in a commercial register and a short company profile being attached to the application.

The application to become an ordinary member shall be accompanied by the assurance that, during the elapsed financial year, payment services or services for payment services provided for merchants amounted to more than half of the turnover within the Single European Payment Area. A provisional decision regarding whether membership will be granted or not will be made by the Executive Committee. The final decision will be taken in the course of the following general meeting of the members. There is no right to membership. There is no right to vote before the decision by the general meeting has been taken.
6.3At the beginning of each year, ordinary members shall pay a membership fee determined by the general meeting of the members.
6.4Companies which are in the same branch of business (e.g. producers of terminals), or companies whose turnover with merchants has not met the criterion referred to in 6.2, can be granted membership as extraordinary members on the condition that they have been expressly recommended by at least two ordinary members. Extraordinary members are not required to attach the assurance referred to in 6.2 (2nd sentence) when submitting their application. Otherwise the regulations on membership for ordinary members shall apply accordingly.
6.5Extraordinary members have no right to attend the informal meetings mentioned in 7.5, unless the Executive Committee invites them expressly. Extraordinary members will pay an annual fee which shall be agreed with the Executive Committee.
6.6If a member is in arrears by more than one annual fee, the Executive Committee may cancel this member from the membership list.
6.7A resignation letter is possible at any time and shall be made in writing. There will be no refund of fees already paid.
6.8A member can be dismissed from the association by the Executive Committee, if this member behaves within or outside the association in a manner which damages the purposes or the reputation of the association.
6.9An extraordinary membership can be terminated by the Executive Committee to take effect at the end of any year without giving any reasons.
General meetings of the members
7.1A general meeting of the members shall be convened by the Executive Committee, as required, and this will be at least once a year. This does not affect legal regulations concerning the right to convene the general meeting of the members.
7.2Invitations must be made in writing and sent to the members. Invitations sent to the latest known address shall be considered to be in accordance with these statutes. Invitations shall be dispatched at least two weeks in advance, enclosing the agenda.
7.3The general meeting will be chaired by the chairperson. The chairperson shall ensure that decisions are recorded in the minutes, and he shall sign the minutes when completed. Each member shall have access to the auditor`s reports.
7.4Only ordinary members who have declared by June 30 that during the elapsed financial year, their payment services or services for payment services provided for merchants within the Single European Payment Area amounted to more than half of their turnover, have a vote. At the request of the Executive Committee, a proof by an auditor of the company may be required. Members who are in arrears with their annual fee for the current year or for previous years do not have the right to vote.
7.5The Executive Committee may hold informal meetings of the members.
7.6The general meetings of the members and the informal meetings shall be held in turn in the premises of the member companies or shall be organized by them. The Executive Committee is authorised to decide whether the association will bear all or part of the costs arising from the organization of such meetings.
Advisory Council
8.1The general meeting of the members may elect an Advisory Council, consisting of up to five members. The term of office of the members of the Advisory Council corresponds to that of the Executive Committee.
8.2As required, the Advisory Council shall be convened by the chairperson, who also chairs the meetings.
8.3The Advisory Council shall advise the Executive Committee.
Dissolution of the association
9.1The dissolution of the association requires a majority decision of the general meeting of the members, as prescribed by the statutes. Several liquidators will jointly represent the association. Otherwise the regulations concerning the Executive Committee shall apply accordingly.
9.2In the event of the dissolution of the association, the association`s assets will be transferred to the ordinary members in equal parts.
Final Provisions
10.1 All declarations, invitations and messages may also be communicated by other means of telecommunication, as long as they are delivered in a form (e.g. fax, e-mail) which can be retained on a permanent data storage medium and the consignee is in agreement. By indicating the relevant address data, e.g. in his/her letterhead, a consent on the part of the consignee shall be considered to be given.
10.2The working language within the association is English. The use of other languages requires the consent of the participants.
Translated by Margit Sies, state certified translator, sworn by the Munich Regional Court.

EPSM Admission Guidelines

Guidelines for the Admission of new Members
Status: 05 August 2008
The EPSM is an interest representation for "European Payment Service providers for Merchants."

In order to keep the focus, the following criteria shall be applied by the EPSM board (that is the EPSM Executive Committee, or “Vorstand”; in the following: the EPSM board) for the acceptance of new members:
  1. Potential new members shall have an essential direct or indirect business interest in providing commercially successfully payment services to merchants in Europe.
  2. For voting members, the fulfilment of point 1 shall regularly be assumed if the published annual report shows for more than 50% of sales revenues with payment and supporting services for merchants in the area of the European Union (EU) and European Free Trade Area (EFTA).
    If the annual report is not published in this detail, the EPSM board may decide to accept a written certification that more of 50% of or sales revenues in the last financial year have been generated with payment and supporting services to merchants.
  3. For non-voting members, the fulfilment of point 1 shall regularly be assumed for:
    • terminal manufacturers for current voting EPSM members,
    • payment processors for current voting EPSM members, and
    • payment schemes for current voting EPSM members,
    • deposit taking credit institutions with significant business in payment services for merchants or supporting services as long as the EPSM representatives belong to the organisational units that are responsible for providing these services
    if the at least one current voting EPSM member endorses the application by E-Mail, Fax or Mail.
  4. For non-voting members, the fulfilment of point 1 shall regularly be not assumed for applicants, whose main business activities are:
    • consultancy,
    • issuing for cards, or
    • merchant business.
  5. In any doubtful cases, the board shall decide. Any negative decision by the board may appealed by the applicant at the yearly Annual General Meeting to all voting EPSM members, which can decide ultimately by majority voting upon the application.

EPSM Membership Fee Rules

EPSM Membership Fee Rules
Status: 01 January 2024
For all EPSM members, the following rules do apply:
  1. The annual membership fee is Euro 1 600,- for a full year and in case of new members proportional Euro 133,33 per month for each started month of the membership.
  2. The annual membership fee will be due for all members that are voting or non-voting members effective on 1st January of each year.
  3. For members that cancel their membership during a year, the full annual membership fee will still be due. There will be no refund and no proportional calculation of the membership fee

    Only in case of cancellation of a membership and financial hardship of the former member (like high costs for closing a business), the former member can apply in writing to the EPSM board for a waiver of the outstanding membership fee. Two members of the EPSM board will decide on giving this waiver and will inform all members.
  4. The membership fee will be invoiced in January of each year. The due date will be app. 4 weeks after the invoice date and will be printed on the invoice.
  5. All changes to a member’s billing information, especially any changes in the billing address or contact person, have to be send without delay by the member to .
  6. In case a member needs a “Purchase Order number” or similar item on the invoice, the member has to send this number by e-mail to until Dec 15th of the preceding year.
  7. The membership fee is payable in full amount the Euro account of the EPSM. In case of non-Euro credit transfers, the sender has to pay the transaction cost (e.g. SWIFT cost option for the sender: “OUR”).
  8. The membership fee is a “true membership fee” according to EU and German tax laws. It will be invoiced without VAT.
  9. According to the bylaws of EPSM, membership is continuously valid. Therefore, an active, written cancellation (by paper, fax, or scanned pdf-file per email) is needed to cancel the EPSM membership.
  10. In case an EPSM membership invoice will not be paid in time, a typical collection process will be started: 1st step: an e-mail-based “Informal Reminder”, 2nd step: a paper-based “First Formal Reminder”, 3rd step: a paper-based “Second Formal Reminder” 4th step: a paper-based “Third and Last Formal Reminder”, as final step by decision of the EPSM board: exclusion from the EPSM according to the bylaws, afterwards optional transfer to a professional collection specialist.
New membership fee approved at the EPSM Annual General Meeting, Frankfurt, 29th June 2023.

EPSM Application Form
If you want to join EPSM as a member:
1. Please fill out the enclosed data fields for the application form below,
2. print the filled out application-form in pdf, get it signed by the right person(s) (according to the legal registry), and
3. then send it to, together with
- a pdf-copy of your legal registry (for the check, that an authorized person has signed) and
- a brief company profile in English in pdf-format for distribution by e-mail to all EPSM Members and Guests

Application for Membership in the European Association of Payment Service Providers for Merchants - EPSM
Short Name:
Full Legal Name:
Street, No.:
ZIP- City:
I / We hereby apply to become member of the “European Association of Payment Service Providers for Merchants - EPSM e.V.”, Ludwigstr. 8, 80539 Munich, Germany, registered at Amtsgericht München, VR 18893, according to the current EPSM by-laws and membership fee rules that I have received (also available on the EPSM website). The annual membership fee is currently 1,600.00 Euro per year. I / we agree that the membership can be published by the EPSM. The application is endorsed by two EPSM members. The membership becomes valid after confirmation by an EPSM board member by e-mail, is a continuous membership and is valid until cancelled in writing (including e-mail) by either side.

For a full membership with voting rights:
Name of the signing person (according to legal registry):
Optional: Name of the 2nd signing person (according to legal registry)
- EPSM Contact Form -
Short Name of the Organization
Status :
Representative 1:
Representative 2:
Representative 3: (optional)
Invoicing Data:
Full Legal Name
Invoice Name 2
E-mail for invoicing
Street, No.
ZIP - City
Other member data for publication on the EPSM website:
Web page
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