---
term: "Credit transfer"
category: "Agent payments"
url: https://agenticopenfinance.com/glossary/credit-transfer
source: AgenticOpenFinance glossary
---

# Credit transfer

> A payment pushed from the payer's account to the payee's account on the payer's instruction.

Under PSD2, a credit transfer is a payment service for crediting a payee's payment account with a payment transaction or series of transactions from a payer's payment account, carried out by the payer's provider on the payer's instruction. It is a push payment: the payer's side sends the money, unlike a card payment or direct debit, where the payee's side collects it. Push payments are hard to reverse once sent, so agent-initiated transfers need strong checks before execution.

Related terms: [Direct debit](https://agenticopenfinance.com/glossary/direct-debit.md), [Instant payment](https://agenticopenfinance.com/glossary/instant-payment.md), [Payment initiation service](https://agenticopenfinance.com/glossary/payment-initiation-service.md), [APP fraud reimbursement](https://agenticopenfinance.com/glossary/app-fraud-reimbursement.md)