Business services
What is Pay by Bank? A complete guide for businesses
Pay by Bank is an Open Banking-powered bank payment method. It allows customers to make an account-to-account payment without a debit or credit card. It means faster, smoother, and more secure payments. This payment method is becoming increasingly popular in the UK and the European Union. The simplicity and security of this easy payment process have led to many businesses replacing cards with Pay by Bank among their main payment solutions. What is Pay by Bank? This payment method allows customers to pay a business directly by sending digital payments from their bank account to the merchant’s account. There is
Business services
What is a hosted payment page? Everything businesses need to know
Suppose you’re running online stores, a SaaS platform, a marketplace, or any kind of business online, or want to reach new markets. In that case, you might be looking for ways to accept online payments that will not require advanced website development from your team. That’s exactly why hosted payment pages exist. A hosted payment page is one of the simplest and safest ways to handle online payments, reduce your PCI DSS compliance burden, and offer customers a clean, secure checkout experience. And yes – Genome provides hosted payment pages designed specifically for modern EU businesses. Find out more about
Product news
Genome’s month in review: November 2025
This November, we focused on services that help businesses scale smarter and optimize operations. We explored how Italian SMEs can manage their finances with multi-currency accounts, broke down practical tools like mass payouts and travel merchant accounts, and added clear guides on SMEs and virtual IBANs. Interested? Dive deeper into the articles we covered in November and find out how to make your business grow and run smoothly! Italian SMEs: closing the finance gap and using multi-currency accounts How fintech companies close the finance gap for Italian SMEs Italian SMEs are the backbone of the country’s economy, representing the vast
Business services
Mass payouts for business: How they work and why use them
Mass payouts have gained popularity as a preferred payment method. This increasing popularity is because payment processing can prove to be problematic for businesses. Sending a large number of payments individually is time-consuming and introduces the risk of human error in the process. It is where the benefits of mass payments can be crucial in financial transactions. These are bulk payments that help companies save time by introducing a more efficient process that fits their needs. We’ll be looking at how to choose mass payment solutions and what you need to know about using them. What are mass payouts? In
Business services
Merchant account for travel agency: what it is and why you need one
Getting the right merchant account for travel agency use is a crucial part of the travel industry. Reliable payment solutions are needed to handle large volumes of payments, both locally and internationally. A solid travel merchant account is the foundation for accepting online debit and credit card payments. It means these companies can accept payments from around the world seamlessly. We’ll be looking at what travel merchant accounts are, why they’re important, and how you can open one. What is a merchant account for travel agency use, and how does it help your online credit card processing? Find out in
Product news
Genome’s month in review: October 2025
We are currently in the heart of autumn! October on the Genome blog was packed with practical guides for merchants, security tips, and country-focused insights. If you missed anything, this roundup gets you up to speed in minutes. Italy: banking and fintech The best digital banking solutions for Italian startups Starting a business is stressful already, and getting your financial matters in order can be very frustrating. One thing is clear – Italy’s startups need speed, clarity on pricing, and simple international scalability. Our guide breaks down why digital-first accounts fit startups. The benefits include fast onboarding, multi-currency, SEPA/SWIFT transfers,
Business services
Why are ecommerce merchant accounts considered high-risk?
A merchant account is a special bank account that has a single important role: to accept payments from customers via credit card or debit card payments. No expenses or taxation, like using a business bank account, just pure payment processing from clients. So, how could it be considered high-risk? Among payment processing providers, high-risk usually refers to certain industries that are considered high risk in terms of frequent chargebacks and fraud risk. In reality, any businesses or transactions that are more likely to result in financial loss for banks or a payment processor would be considered high-risk businesses. When a
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