Business services
How hard is it to get a merchant account
If you run an online business, a merchant account is a very useful tool that lets you accept payments from a single credit card, multiple debit cards, or other types of electronic payments, separating it from your main business bank account. So, if any business owner were to ask us, “How hard is it to get a merchant account?” The short answer: it sadly depends on different things. Many, if not most, providers share a no-high-risk business policy; others charge additional fees because of the risk profile and high-risk industry in which the business operates. In this step-by-step guide, we
Product news
Introducing the Verification of Payee (VOP): no more misdirected SEPA Transfers!
At Genome, we are always on top of your security, implementing the necessary features to keep your money and data protected, as well as safeguarding transactions from errors. The Verification of Payee service is perfect for the latter! As of next week, we are implementing a Verification of Payee, a huge security and quality-of-life feature. It will apply to SEPA Transfers within Genome, for both personal and business wallet users. Verification of Payee (or in short, VoP) is a security measure in the SEPA payment system designed to combat fraud and misdirected payments. It verifies that the name of the
Product news
Genome’s month in review: September 2025
Welcome to the fall season! For Genome, September brought numerous insights, fresh guides, and deep dives into evolving fintech, compliance, and merchant-related topics. Sounds interesting? Here’s a roundup of what you might have missed this month! Our merchant services are in BETA: brush up on your knowledge Genome has launched merchant services in exclusive beta from September 16, 2025, allowing clients to receive payments from customers via SEPA Instant Transfers. Not sure if you need a merchant account? We have written and updated some of the articles that might help you with the decision! The difference between business and merchant
Business services
Open banking transactions: a guide for merchants using Genome
The payments world is shifting rapidly, and one of the most significant changes is the shift toward open banking. How does it differ compared to traditional banking methods? Open banking refers to the practice of allowing your bank to securely share your financial information or make payments with other authorized financial service providers. If put simply, open banking occurs when third-party apps can directly interact with your bank accounts, rather than you having to log into each bank individually, which is essentially why it is called open. At Genome, we adopted open banking tools to respond to strong demand for
Business services
What is a payment gateway: definition, how it works, and how to choose one
What is a payment gateway and how does it work? A payment gateway is a technology solution that works as an intermediary in online transactions between customers and merchants. It safely collects the customer’s payment data and passes it to a payment processor, allowing the payment to go through smoothly. The secure payment gateway process has become a vital part of the e-commerce industry. It allows customers to make credit card payments or pay in other ways safely and without any fuss. As e-commerce becomes even more important, this online payment method is going to be a major part of
Product news
Genome’s month in review: August 2025
August might be the last full month of summer for many, but at Genome, we didn’t slow down. From exciting news about merchant services and upcoming iGaming events, to explaining the latest fintech trends and diving deeper into the financial landscape of Italy, the Genome blog has it all! Discover all the highlights in our August month in review! iGaming conferences 2025 – don’t miss a chance to meet Genome! iGaming conferences are crucial for staying informed about the latest trends, technologies, and regulatory updates in the global gaming industry. These events serve as perfect networking hubs, where tech providers,
Product news
Genome’s month in review: July 2025
July might be all about beach trips and iced coffees for some, but at Genome, we’ve been busy making waves in the world of finance and fintech. A new partnership, awards as an acknowledgement of our services, and multiple informative articles – read all about these and more in our month in review for July! Genome partners with Huch to expand the reach of its instant C2B payment notifications Big news for the iGaming world! This month, we announced our partnership with fintech provider Huch. It means even more businesses will get access to secure, scalable financial services, primarily real-time
Business services
What is a money transfer API? A complete guide
We aim to explain what APIs (application programming interfaces) truly represent and how financial institutions utilize API banking to facilitate money transfers. The reason for that is twofold: first, the growing popularity of using API to send money or utilize other financial services, and second, Genome, as a provider of API-driven payment tools, sometimes faces questions from clients such as “What is banking API,” “Do I need API for a bank account,” and so on. Discover what API banking is and how Genome utilizes APIs for its financial services below. What is an API money transfer? In broad terms, a
Product news
Genome’s month in review: June 2025
June has come and passed, marking the official start of summer – and with it, a perfect time to catch up on the latest from Genome! Find out how our partnership with Sepagon expands our API-based services to more businesses, explore Malta’s iGaming landscape, learn the formulas for COGS and EBIT, choose the best money transfer app, and more – all through our June updates! Genome empowers Sepagon clients with instant C2B payments and notifications Our new services are finding their use among other companies, and our team can’t be happier to help! Our partnership with Sepagon, an open banking