ZVD Clearing

SIX collects payments from the cardholder and transfer the equivalent value into the merchant’s account – in various forms of collective credit note, upon request.
Your main advantage is: Because one single partner processes the complete payment transaction for girocard sales, queries and background checks can be implemented really easily.  

These are the key benefits of ZVD Clearing:

• Fewer accounting entries at the merchant’s bank
• No need for a direct debit agreement with the merchant’s bank
• Collective credit notes possible in many different forms
• Individual references for the balancing credit
• Electronic information about return debits