Direct debit payment authorisation (LSV)

Simplify your invoicing processes

The LSV+ or BDD direct debit system simplifies your invoicing processes and reduces processing costs.

It is aimed at medium and large companies that collect regular receivables in CHF or EUR, but of varying amounts, from the same clients and wish to offer them a simple and fast payment method.

LSV+ : direct debit with right of objection

The client may contest a payment made to his bank - without giving reasons - up to a maximum of 30 calendar days after notification of the debit to his account.

BDD (Business Direct Debit): direct debit without right of objection

How it works

Your clients must authorise you to debit their bank account directly for the amount of receivables due, by means of a debit authorisation. This authorisation may be granted with right of objection (LSV+) or without right of objection (BDD).

Details

1. Your company issues invoices directly from its invoicing software with your client's references
2. You send an LSV/BDD file via Six from your invoicing software to the various banks that must release payments (provided the client has given prior authorisation)
3. Your client pays the invoice via his bank
4. You download an LSV file via Netbanking or Business link to obtain the details and status of payments
5. You can reconcile incoming payments via your invoicing software

What you need to join the LSV system

• A SIEBK account
• A contract with PayCom Web and a BVR payment slip member number
• A debit authorisation issued by clients from whom the company wishes to recover receivables in CHF or EUR
• Be equipped with software which has an interface to Netbanking
• The company's clients must have an account with a bank in Switzerland or Liechtenstein