LSV⁺ is the direct debit procedure with right of objection. In LSV⁺ the debtor can object to a payment made at his financial institution – without having to provide a reason for doing so – up to 30 days after notice of the debit to the account has been given.

There is also a second option for the business customer sector, the Business Direct Debit (BDD). BDD does not permit any objection and is an appropriate procedure for business models conducted according to the delivery-versus-payment principle.

LSV Payment - LSV+ and BDD Solutions

Current LSV⁺/BDD Direct Debits Will Be Discontinued on 30 September 2028.

Learn More

The payCOMweb Application Will Also Be Discontinued as Part of the LSV⁺/BDD Phase-Out.

Please review your processes and prepare for this transition in a timely manner.

Learn More

Handling of Regularly Occurring Claims

LSV⁺ and BDD are Swiss direct debit procedures that can be used to settle regular receivables in Swiss francs and euros. Once set up, the account is debited automatically for services purchased. With LSV⁺ there is a right of objection, whereas BDD exists in the corporate customer business and does not offer a right of objection.

Direct Debit Procedures LSV⁺ and BDD for Financial Institutions

LSV⁺ and BDD are attractive direct debit procedures offered by the Swiss banks for the handling of regularly occurring claims in francs and euro. They combine the best-possible consumer protection with efficient and secure processes, which minimize risks and costs for banks, debtors and creditors.

The legal basis for the direct debit procedures is formed by the participation conditions and debit authorizations. The participation conditions regulate the handling of instructions between the creditor and his bank. The debit authorization documents the legal relationship between the creditor, his financial institution and the debtor as well as that between the debtor and his bank. The debtor's bank is only permitted to pay the amount claimed if there is a valid debit authorization from the debtor.

Do You Need Further Information?

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The Two Procedures

LSV⁺ Direct debit (BDD)

Direct Debits for Companies

LSV⁺ and BDD are attractive direct debit procedures offered by the Swiss banks for the handling of regularly occurring claims in francs and euro

They combine the best-possible consumer protection with efficient and secure processes, which minimize risks and costs for both the debtor and creditor. Companies can efficiently manage their liquidity with direct debits. Special features include incoming payments according to value date and a significantly simplified dunning process.

The creditor can choose to collect direct debits in two different ways:

with LSV⁺ (direct debits with right to objection) or
with BDD (direct debits without right to objection).

Download Handbook

LSV⁺ – Direct debits with right of objection

LSV⁺ is the process offered by the Swiss banks for the processing of direct debits with right of objection. It is suitable for companies that regularly collect amounts in francs or euro and which seek to offer their customers a simple and mode of payment.

LSV⁺ is used for both company and private customer business sectors and offers the best possible consumer protection through the right of objection.

A debit authorization from the debtor forms the basis for the collection of direct debits, along with a bank account for both parties, the debtor and the creditor. The creditor submits the direct debit electronically through an interface (such as e-banking) at his financial institution or to SIX Interbank Clearing (via payCOMweb or file transfer).

The collected bill sent will be left open in the creditor's accounts receivable until the direct debit is paid. Reconciliation occurs automatically upon receipt of the incoming payment on the basis of the reference number provided in the direct debit.

In LSV⁺ the debtor can object to a payment made at his/her financial institution – without having to provide a reason for doing so – up to 30 calendar days after notice of the debit to the account has been given. Such objections, however, arise rarely due to the close relationship of trust that generally exists between debtors and creditors.

Reference Number

Each transaction must contain an unambiguous reference number to ensure that the incoming payment can be allocated to the proper open entries in the account receivables. The file structure and the data fields of the transactions are described in the Section E "technical provisions" of the LSV⁺/BDD handbook for billers.

Order and Support

Would you like more information? Please contact your financial institution.

Further Information

BDD – Direct debits without right of objection

BDD (Business Direct Debit) is the process offered by the Swiss banks for the processing of direct debits without right of objection. It is suitable for companies that predominantly collect large amounts in francs or euro in the business customer sector. The business model here is generally based on the delivery-verses-payment principle.

A debit authorization from the debtor forms the basis for the collection of direct debits, along with a bank account for both parties, the debtor and the creditor. The creditor submits the direct debit electronically through an interface (such as e-banking) to his financial institution or to SIX Interbank Clearing (via payCOMweb or file transfer).

The collected bill sent will be left open in the creditor's accounts receivable until the direct debit is paid. Reconciliation occurs automatically upon receipt of the incoming payment on the basis of the reference number provided in the direct debit.

Reference Number

Each transaction must contain an unambiguous reference number to ensure that the incoming payment can be allocated to the proper open entries in the account receivables. The file structure and the data fields of the transactions are described in the Section E "technical provisions" of the LSV⁺/BDD Handbook for billers.

Order and Support

Would you like more information? Please contact your financial institution.

Further Information

Discontinuation of payCOMweb – Action Required

The payCOMweb application, which is used to submit and approve LSV⁺/BDD direct debit requests, will be gradually discontinued as part of the phase-out of LSV⁺/BDD services in Swiss francs and euros.

Timeline for the Discontinuation of the LSV⁺/BDD Service

To enable the payCOMweb users to make the necessary process adjustments, please find below a chronological overview of the key dates and the next steps presented as a table.

Date	Milestone
31.12.2025 12:00	Last date for SIX to issue new LSV identifications LSV⁺/BDD billers who hold an existing LSV identification may, until a later date (see the dates below): • change bank, provided the new financial institution does not discontinue the LSV⁺/BDD service before the official end-of-life date. • switch the submission channel between "direct to financial institution" and "via payCOMweb" until 31 August 2028, in agreement with their financial institution.
30.08.2027	Discontinuation of the LSV⁺/BDD service in euro The Board of Directors of SIC Ltd has taken the decision to discontinue euroSIC as of 31 December 2027. Participation in euroSIC is a prerequisite for the LSV⁺/BDD in euro. To ensure the processing of downstream processes, in particular return debits under LSV⁺, the last possible date for the submission and approval of LSV⁺/BDD direct debit requests in euro has been set at 30 August 2027 (observing the defined cut-off times). Submissions and approvals received after that date will be rejected with an error message.
31.08.2027	The last possible requested processing date for (LSV⁺/BDD) direct debit requests in euro is 31 August 2027. Processing of direct debit requests with a requested value date of 31 August 2027 requires timely submission and approval no later than 30 August 2027 (observing the cut-off times).
31.08.2028 16:00	Last possible processing of initial registrations for new payCOMweb billers holding an existing LSV identification (switch of LSV⁺/BDD submission channel to payCOMweb). Last possible processing of all payCOMweb approval forms by SIX (assigning of approval rights to users or bank account changes).
22.09.2028 16:00	Last possible date for: • New recording/changing of payCOMweb users (without approval rights). Prerequisite: by this date at the latest, the user must have successfully uploaded a certificate for activation by SIX or must have a SwissID ready to use. • Assigning of approval rights by SIX based on confirmation from the financial institution.
27.09.2028	In view of the discontinuation of the LSV⁺/BDD service, SIX recommends submitting and approving in the LSV system the last direct debit requests in CHF no later than 27 September 2028 (observing the cut-off times). This minimises the risk of technical or other processing issues shortly before the final discontinuation date.
28.09.2028	The last possible date for submission and approval of direct debit requests in CHF is 28 September 2028 (observing the defined cut-off times and provided the financial institution has not discontinued the LSV⁺/BDD service earlier). Submissions and approvals received after that date will be rejected with an error message.
From 28.09.2028 at end-of-day processing (EOD)	From this date, access to payCOMweb will be exclusively in read-only mode. From this date, payCOMweb will no longer receive e-mail-notifications regarding certificate expiry.
29.09.2028	The last possible requested processing date for direct debit requests in CHF is 29 September 2028. Processing of direct debit requests with a requested value date of 29 September 2028 requires timely submission and approval no later than 28 September 2028 (observing the cut-off times).
30.09.2028	Discontinuation of the LSV⁺/BDD service in CHF As 30 September 2028 is a Saturday, the last possible processing of LSV⁺/BDD direct debit requests in CHF will take place on Friday, 29 September 2028.
14.12.2028 12:00 noon	Last processing of deletion requests from payCOMweb users by SIX. User deletions made by 12:00 will become effective on 15 December 2028.
15.12.2028	Last possibility to view the payCOMweb portal

Data Retrieval

SIX will retain the data from the payCOMweb application for the statutory retention period. This concerns payCOMweb user master data as well as the data of transactions submitted via payCOMweb.

payCOMweb users can retrieve the data they submitted via payCOMweb themselves until 15 December 2028.

After that date, SIX will provide requested data concerning the financial institution or the payCOMweb user, and which are subject to statutory retention requirements, only upon corresponding request from the financial institution or from the payCOMweb user. SIX reserves the right to invoice the requesting party for costs incurred in connection with the data retrieval.

Need More Information?

For more information on the discontinuation of the LSV+/BDD service, please visit the website below or contact your bank. If you are a biller using payCOMweb and have further questions, please contact us using the below contact form.

Discontinuation of LSV+/BDD Direct Debit Procedures Contact form for payCOMweb invoice issuers

Data Transfer via Paycomweb

payCOMweb is an Internet-based solution for the transmission of direct debits (LSV⁺/BDD). It is the electronic interface for the automated exchange of data between your finance software and SIX.

With payCOMweb you can securely, rapidly and efficiently transmit data around the clock, seven days a week.

How It Works, Access with Certificate and Ordering

Order Login payCOMweb How Does It Work? Access with Certificate Prices

Forms for Completing/Saving on Your PC and Subsequent Printing

Initial Order

Register/order

With the registration form you can

register your company for payCOMweb,
request payCOMweb approval rights for LSV⁺/BDD.

Modifications

Modifications

With the modifications form you can

register new users with access to new or existing mailboxes
issue or rescind user access to mailboxes
delete users and/or mailboxes
delete payCOMweb approval rights.

Registration for Electronic Approval

Electronic approval of LSV⁺/BDD

Required for the electronic approval of order is registration for the payCOMweb service by means of of the registration form (see the above chapter initial order).

PayCOMweb login

How Does It Work?

The ordering party logs in with the certificate into the payCOMweb application and transmits the locally saved files though the Web browser with SSL encryption. He/she then receives an electronic confirmation of receipt.

payCOMweb offers the option of electronic approval by the ordering party. Alternatively, the approval can also be made by the ordering party’s house bank, if the ordering party has sent the credit or debit order on paper.

The payment approval is made upon verification of the payment data. The ordering party can call up, save and print out the processing confirmation at any time.

The creditor’s financial institution of account, i.e. the ordering party, as well as that of the debtor will be notified about the incoming payment, whereby the debtor banks checks whether the requirements (e.g. authorization, credit-worthiness) are sufficient to execute the payment.

If the payments are approved by the respective financial institution, payCOMweb then processes the order and carries out the corresponding credits and/or debits upon the customers’ accounts through the financial institutions.

Access to the payCOMweb application takes place via a web browser and is secured by a certificate or SwissID issued by third-party providers.

The two following authentication methods are recommended:

SwissID

The operator can register for SwissID free of charge here: www.swissID.ch:

Create an account on www.swissID.ch
Perform an online identity check

DigiCert® Document Signing Service

We accept DigiCert Document Signing Service Individual Account and DigiCert Document Signing Service Enterprise Account. In both cases, ‘Client authentication certificate’ must be selected, only authentication certificates can be used for the login.

Order form

The service payCOMweb is free of charge until further notice. Certificates can be acquired separately and there might be additional charges from the manufacturer.

Resources

Downloads Finanzinstitute Support payCOMweb FAQ Download Bankenstamm Inquiry IID Downloads payCOMweb

LSV⁺/BDD Handbuch für Rechnungssteller

Nachfolgende Dokumente sind passwortgeschützt (Member Section von eBill & Direct Debit (LSV)).

LSV⁺/BDD – Handbuch für Finanzinstitute

The following documents are password-protected (Member Section of eBill & Direct Debit (LSV)).

Registration does not work

Support by SwissSign (Swiss Post)
Support by QuoVadis

Have you already registered your SuisseID with SIX?

Send us an e-mail

You were able to transmit the file but receive no details of its status

Any data transmitted using payCOMweb between 6 pm and approx. 7 pm Mondays to Fridays, between 12 noon on Saturdays to 5 pm on Sundays and on public holidays are not validated. This is the reason why a status is not sent to senders during these times and why it is also not possible to approve the transmitted orders.

Cash Management, Transaction Costs, Transaction Currencies

What impact do the direct debit procedures have on my liquidity management?

The LSV⁺ payments that you receive as a creditor are final and are only carried out if the debtors have sufficient coverage in their accounts and if there are valid direct debit authorizations on hand. You can access the funds as soon as they arrive if no objection is received on time. However, objections by creditors are rare. Based on experience, only approximately 0.5% of the debits are contested.

BDD payments that you receive as a creditor are final and only checked for sufficient debtor account coverage and a valid direct debit authorization. You have unlimited access to the funds as soon as they arrive, because with this procedure there is no right of objection.

As the creditor, can I count on receiving my funds on time? What transaction prices will be charged by the debtor’s bank? For which currencies can I use the direct debit procedures, and in which countries?

You can make transactions in LSV⁺ and BDD in francs and euro. LSV⁺ and BDD were primarily developed for the Swiss market, but can also be used by banks, debtors or creditors in other countries. To use LSV⁺ and BDD, the respective banks must participate in the Swiss payment systems SIC and/or euroSIC. However, there is no direct interoperability with the direct debit systems of other countries.

Can I use the direct debit procedure to settle payments with customers within the EU zone in euro?

Though LSV⁺ and BDD were primarily developed for the Swiss market, they can also be used by banks, debtors or creditors in other countries. To do so, the respective banks must be direct participants in the payment systems SIC and/or euroSIC. However, there is no ability to directly communicate with the direct debit systems of other countries.

Organizational and Contractual Issues

As the creditor, how much time should I plan for sending reminders? What effects does the direct debit procedure have on my accounting? How must the dispatch of bills be organized? What manual procedures do I need to complete as a direct debit procedure participant?

Basically, all processes can be handled automatically as long as:
LSV⁺: the debtor's bank account has sufficient coverage, there is a direct debit authorization, the account data is correct and there is no objection by the creditor;
BDD: the debtor’s bank account has sufficient coverage, there is a direct debit authorization and the account data is correct.

Objection

Which direct debit procedure provides the right of objection? Should I expect objections to be raised often with LSV⁺?

Alternatives to the Direct Debit Procedure

As a creditor, what alternatives do I have should I prefer not to accept the direct debit procedure LSV⁺ with the right of objection? Which alternative payment methods should I recommend to my debtors if they prefer not use the direct debit procedure?

Download Bank Master

The Bank Master in ASCII or Excel format is an extract of the daily updated Swiss Bank Master.

The file is ideal for updating existing bank master data in software programs relating to IIDs in credit, debit, and general payment traffic applications.

The file may be downloaded either in text (ASCII) or in Excel format. The text file contains capital and lower case letters, umlaut and special characters. Each entry consists of a record with fixed-length field, ending with carriage return and linefeed (CR/LF). The records are sorted in ascending order according to IIDs (cf. record description). The contents of the two files are the same. The text file shows a separate title line.

As an alternative to the Bank Master the Electronic Index is at disposal as a reference in the form of an offline inquiry.

Records description Bank Master data structure in ASCII and Excel

Inquiry IID

The Inquiry IID is an online search for master data of financial institutions as Swiss payment traffic participants.

Find Out More

Download Center for Forms

Data transfer via payCOMweb

Have you got any questions regarding eBill and Direct Debit (LSV)?
Contact Us

The payCOMweb Application Will Also Be Discontinued as Part of the LSV⁺/BDD Phase-Out.

Please review your processes and prepare for this transition in a timely manner.

Handling of Regularly Occurring Claims

Direct Debit Procedures LSV⁺ and BDD for Financial Institutions

The Two Procedures

Direct Debits for Companies

Discontinuation of payCOMweb – Action Required

Timeline for the Discontinuation of the LSV⁺/BDD Service

Data Retrieval

Need More Information?

Data Transfer via Paycomweb

How It Works, Access with Certificate and Ordering

Forms for Completing/Saving on Your PC and Subsequent Printing

Initial Order

Modifications

Registration for Electronic Approval

How Does It Work?

SwissID

DigiCert® Document Signing Service

Resources

Cash Management, Transaction Costs, Transaction Currencies

Organizational and Contractual Issues

Objection

Alternatives to the Direct Debit Procedure

Download Bank Master

Download Center for Forms

Data transfer via payCOMweb

Newsroom

The SIX Blog

Company