The benefits of QR-bills
The QR-bill will make life for companies much easier because they will be able to generate invoices on commercially available black & white printers. They’ll only need to use standard perforated paper if they want to send hardcopy invoices, meaning special paper will no longer be required. The QR-bill also offers many benefits for you as a private client:
- You can scan the QR code quickly and easily with your smartphone: no need to type in the account and reference number any more.
- All relevant payment information is integrated in the QR code, as well as being clearly printed on the QR payment part.
- Black on white, bills are easier to read – for the human eye as well as for your smartphone camera.
- Instead of seven variants, there will be only one QR-bill.
- It will still be up to you how and when to pay the invoice, whether via UBS Mobile Banking, in UBS E-Banking, at a UBS Multimat in your branch, by post, e.g., with UBS easy, or also at the post office.
Important information about QR-bills
The modernization of Swiss payment transactions has been under discussion for some time. Additional adjustments, which were very well received by market participants in a public consultation in the fall of 2018, further improved the new standard, but led to a delay of one year in the launch of the QR-bill.
Since the first announcement, some myths have already started circulating, which our experts are happy to comment on for you:
Three myths about QR-bills
QR-bills can only be paid digitally.
No, you can also settle a QR-bill at a UBS Multimat, at a post office, or using the UBS easy form.
QR-bills can only be paid using a QR-compatible end device.
No, QR-bills can also be entered manually, e.g., in UBS E-Banking.
The red and orange payment slips will both be abolished in one go.
No, both orange and red payment slips remain valid. Although it is not yet clear for how long, companies will be given enough time to change over their systems and a period of two to three years can be assumed.
How to pay a QR-bill
You decide how to pay a QR-bill. As a UBS client, you have several options to choose from, e.g.,
- In the UBS Mobile Banking app, scan the bill conveniently anywhere and anytime.*
- In UBS E-Banking, scan it using either a scanner or your computerʼs built-in camera, or enter it manually.*
- Enter it in your own payment software and then send it to UBS.
- Scan it at a UBS Multimat – UBS’s electronic counter.
- Send it to UBS by mail using the UBS easy payment order forms.
- Settle it in cash or use a payment card at the post office.
* Important: Security confirmation in UBS Digital Banking
The history of the payment slip
Today, payment slips are used around 800 million times a year in Switzerland. Around 15 percent of all payment orders are settled in cash at the post office. Payment slips have a long history in this country going back more than 110 years.
Source: Kulturgeschichte des Geldflusses, Verlag SKV, Zürich