Should My Business Be Using a Smartphone or Tablet to Process Credit Card Payments?

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Mobile payment technology, which enables the processing of credit cards wherever customers may be, has exploded in many industries — yet it still hasn’t caught on everywhere, especially not in Canada. Why not? In our experience, mobile payment systems lead to happier and more loyal customers. If you’re simply too comfortable with your existing payment […]

The Rise of Interac e-Transfers

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Did you know Canadian consumers and businesses are using Interac e-Transfer services at record levels? According to a recent article in Payment Business, more than 158 million transfers were made over the Interac e-Transfer platform in 2016. This represents an increase of almost 50% in the span of just one year. The total value of […]

How To Choose the Best Payment Processor

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Choosing a payment processor is a financially critical business decision– whether you’re in the B2B or the retail space. This decision determines how you’re paid for the goods and services you offer and the cost of processing these payments. At first it may seem all payment processors are created equal, and each would likely provide […]

What to Do When Your Merchant Account is Frozen

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Having your merchant account frozen by your payment provider can be one of the most disruptive things you and your business can experience. Payment processor sometimes warn businesses their merchant account is about to be frozen, but in our experience, they rarely do. Instead, the provider simply turns off your service and keeps your money […]

How to Avoid Fraud

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If you’re not worried about small-scale and large-scale fraud, you haven’t been reading the news. Businesses and payment processors do what they can to prevent fraud, and some have very sophisticated anti-fraud systems and tactics; but cyber-criminals, fraudsters and hackers are also constantly updating their skills and activities. At MyWatchmen, we are constantly analyzing the […]

How to Know If You’re PCI Compliant

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PCI compliance is probably the last thing on your mind when running a business; but if you’re not compliant, it can cost you big time. Failing to meet PCI standards for compliance, and experiencing a data breach, could cost your business between $5,000 and $500,000 per breach in penalties. Furthermore, you could be at risk […]

3 Ways to Increase Your Merchant Account’s Bottom Line

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You’re making sure your merchant account is running as efficiently as possible. That’s why you’re probably a top executive. Working with numerous clients, we’ve found that optimizing your merchant account, in three different ways, can increase your company’s bottom line even further. We want to share these profit optimization strategies with you. #1 – Ensure […]

7 Ways to Fight a Chargeback

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After working with thousands of business owners, we see many of them leaving thousands of dollars on the table every single year. Here’s the crazy part… …they do not need more leads or to close more sales to add multiple hundreds of thousands of dollars to their bottom lines. Instead, all they need to do […]

9 Ways To Defend Your Merchant Account

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At MyWatchmen, we provide companies with a line of defense against merchant account disruptions.  We do so by applying precise tactics to improve efficiency, stability and profitability. We understand your payment processing system is the heart of your business and how important it is to have your Merchant Account run efficiently so you can focus […]