The ISR inpayment slip is a very efficient way to collect payments via invoice and prepayment in Switzerland with your bank.
ISR stands for inpayment slip with a reference number (orange payment slip). Payments with a reference number are processed automatically and therefore more quickly. ISR is a very widely used payment methods among merchants in Switzerland as the reference makes invoicing and sales ledger accounting easier.
Every invoice contains a unique payment reference number normally also contains the amount to be paid, the identification, a checksum and the details of the debited person. Whenever a person pays the invoice with the account number on the inpayment slip he will be asked to fill in the details including the reference number. Due to the checksum in the reference number, misspelling of the number is not possible.
Once the invoice is paid and the money has arrived the merchant will be informed in his e-banking account about the payment - also known as .v11 file. The bank will provide you a file to download. This file can be imported into wallee. The file contains all the information to identify the invoice including the amount and - if applicable transaction costs in case the slip was processed manually at the bank counter. Based on this the payment can automatically be matched and the invoice can be closed. In case the is not paid on time then you can automatically trigger the dunning process.
Accepting payments with inpayment slips is quite easy. All you need to have as precondition is a Bank Account and an ISR Participant Number. Your bank will be able to help you with the registration.
The payment information should be printed onto special paper that already contain the slip preprinted. You can purchase this paper with your local bank. Due to the automated processing of the slips it is essential that the printing guidelines are followed. We help you to position the information on the PDF so that it matches your print settings. However there are also alternative delivery methods.
ISR inpayment slips are either added at the end of the invoice on a new page or just on the last page. In case you want to use the pre-printed ISR paper that you get from your bank you can select to print the last page from a different tray.
You have the option to print the invoices on your local printer viaGoogle Cloud Print or you automatically send the invoice via post to your clients using our Pingen Integration. The same delivery methods also apply to dunning documents.
Based on the payment report from your bank we are able to automatically close paid invoice and start to remind your customers based on open invoices. Depending on your bank we are able to import the ISR-Payment Reports automatically. Otherwise you can upload them manually on a regular basis in the backend.
Part of the reconciliation is the dunning feature that lets you configure dunning flows and reminder templates based on your needs.
More about the topic of dunning flows can be found in our use cases or if you prefer to get down to the technical details in our detailed dunning documentation.
With the migration to ISO 20022 your bank will start to provide the new report files. Detailed information about the migration timelines can be asked from your bank. wallee is able to process the new XML based files camt053 including detail records as the existing v11-files.
With the integration of the ISR feature into the wallee gateway you are able to create ISR Payment Slips including all related workflows like dunning very easily. All you need to do is to connect your business to the wallee gateway. In order to do this have a look at our pre-existing plugins (Magento, WooCommerce, Shopware, etc) or simply use an existing SDK.