QR bills and eBills

Here’s how to change the way you pay

From 1 October 2022, it will no longer be possible to use payment slips. QR bills and eBills will make it easier for everyone to issue and pay invoices – this also includes in the VZ Financial Portal. Please note the following changes.

Invoice recipients

Invoice issuers

Contact

Invoice recipients

1. Paying invoices

From 1 October 2022, it will only be possible to process bills using an IBAN or QR code in Switzerland. This means the following for you:

You can only use orange and red payment slips for payment orders and online payments if the execution date is before 30 September 2022.
From 1 October, it will only be possible to use QR bills. If you receive a payment slip after this date, you will have to request a QR bill from the issuer of the invoice.

Tip: Check whether the invoice issuer accepts eBills. Read here how eBills work and what the advantages are.

2. Re-entering standing orders

From 1 October, standing orders using IBANs or QR codes are no longer valid. They have to be deleted and re-entered. This is how you do it:

Log in to the VZ Financial Portal and click on “Payments” on the left to see your standing orders.
For each order, check the account details for the beneficiary:
- If there is an IBAN (e.g. CH12 3456 7890 1234 5678 9), you do not have to do anything.
- If there is an account number (e.g. 01-234567-8), you have to delete the standing order and re-enter it using an IBAN or QR code. If you do not know the IBAN, you need to ask the payment recipient.

Tip: Check whether all of your payment templates contain an IBAN.

3. Direct debits (LSV)

In general, nothing needs to be done with direct debits.

Tip: We recommend that you switch your direct debits to eBills.

Invoice issuers

1. Issuing invoices

From 1 October 2022, it will only be possible to process bills using an IBAN or QR code in Switzerland. The best thing is to start sending your customers QR bills already so that you will receive your money without any problems.

2. Re-entering standing orders

Standing orders that were set up using payment slips (e.g. rent payments) have to be re-entered. Send your customers QR bills and notify them that they have to delete their old standing orders and replace them with the new QR bills.

3. Direct debit collections

In general, nothing needs to be done with direct debits. If you wish to make it easier for your customers to make payments, you can register for eBills. Find out more here.

4. Software for issuing invoices and reconciling payments

Contact your suppliers if your software cannot generate QR bills. You should also consider restructuring your accounts receivable master data and switching your account statements and notifications from V11 (ESR) to camt.053/camt.054 (QR).

Find out more here.