Payments
Manage your payments and grow your cash flow
.jpg?mw=1900&hash=579BE177F647720C38595851EE092499)
Payment solutions for small business owners
Explore payment solutions
CAFT for small business
Customer Automated Funds Transfer (CAFT) validates bank transits and pre-authorizes payment collections. Remove cheques, envelopes and mail costs with an automated payment management system.
Use CAFT to:
- Transfer funds electronically
- Simplify collections with pre-authorized debits
- Elevate business reporting standards
CWB Wire Service
A simple, easy and secure way to send money locally and internationally in over 130 currencies for payout to over 200 countries and territories
Use CWB Wire Service to:
- Conveniently send money locally and internationally
- Send wires online from anywhere
- Get live currency exchange rates
- Set up limits and customize employee access
Card processing
Accept debit and credit cards on mobile, online and in-stores with leading Canadian merchant services partner Payfirma.
Use card processing to:
- Simplify payments from debit or credit cards
- Get preferred pricing for merchant services
- Gain key insights from transaction reporting
Tax & bill payments
Process tax and bill payments easily and securely through cwb.digital online banking platform.
Use our payment services to:
- Make secure payments online for corporation income tax, GST/HST, payroll source deductions, excise duty, Alberta tax vendor transactions and much more
- Receive CRA relief benefits and payments via direct deposit including Canadian Emergency Response Benefit (CERB), Income Tax Refund and GST & HST Credits.
What's included with a new Merrco Payfirma Account?
1. An all in one package
Everything you need for your business in one device. Loyalty program, gift card system, manage your staff, inventory, and much more.
2. No extra costs and no hidden fees
Enjoy a transparent monthly billing without surprises and no unexpected costs.
3. Acceptance of all payment types
Whether they prefer dip, tap, using credit or debit cards, Apple Pay, Google Pay, and beyond – we have you covered.
Benefits of payment solutions for small business
Our experts understand small business operations and how to make your life easier. Explore how payment solutions benefits you below:
| Payment solution | Example of benefit | Example of use |
| Customer Automated Funds Transfer (CAFT) | CAFT eliminates costs and simplifies payment reconciliation. small business owners can remit and receive payments from their payers with ease. |
Ideal for small businesses collecting ongoing payments for services rendered to customers |
| Wire services | Digitally-savvy small business owners can take advantage of their agility to improve currency rates and save themselves valuable time |
Monitor currency rates live and create and load templates to save time entering your wire details |
| Card Processing | Simplified payments enable frictionless payment processing | Collection of debit and credit payments on mobile wherever your small business is operating (home, market, office, etc) |
| Tax and bill payments | Make secure payments online for corporation income tax, GST/HST, payroll source deductions, excise duty, Alberta tax vendor transactions and much more | Filing your corporate taxes electronically to receive your corporation income tax refund. |
Find the right CWB solutions for your business size
Manage finances, grow investment, access key insights, and utilize dedicated support.
Small businesses can grow and maintain their operations with confidence using our tailored financial solutions. These solutions are designed for digitally savvy business owners looking for over-the-phone support and who have non-complex lending needs up to $50,000.
Generally, your business would be considered a small business if you:
- Employ up to 20 people
- Generate up to $2 million in annual revenue
- Have no more than 4 signatories
- Have no greater than 4 people acting as owners
- Are not owned by another business.
If you meet this criteria, continue on to explore our small business products and solutions. If your business is larger than described, explore our mid-large business products and solutions instead.
See the complete listing of related service charges including payment and other sundry services.
Canadian Western Bank is a member of the Canada Deposit Insurance Corporation (CDIC).