The ever-increasing popularity of online business accounts, in particular, was brought about by big fintech companies and their innovative approach to banking. No wonder that now we have numerous providers that come with unique offers for both small businesses and for larger ones. But how to choose the best online business account, especially if you’ve only opened a small company recently? How to make a wise decision if you’ve never really dealt with the business’  financial side before?  Genome helps open both personal and business accounts for companies from all possible industries. In today’s article, we’re shedding light on how to

Here we go again! That’s right, our team continues talking about some of the most versatile and sophisticated platforms for the eCommerce industry. This time, Shopify is at the center of attention!  This article will explain why this CMS is so popular, which payment methods it offers, and how its integration with Genome works.  How to receive money as an eCommerce business?  For years, the eCommerce market has been growing and offering more opportunities to businesses of any kind. And now, as the number of online users increases and people is more accustomed to making purchases via the internet, the time is right to

In this article, Genome overviews Google Pay technology and what it offers. Read on to find out how to set it up and make the most of this service.  What is Google Pay It’s a digital wallet platform where you can store bank, loyalty, gift cards, coupons, and tickets. It also serves as an online payment system because one can use card details for in-store and online purchases. In both cases, you need to download an application and add your card information. In the next step, the card is tokenized – it means that during transaction processing, a randomly generated token is used rather than a

The spring flows so quickly and delightfully, and so are Genome’s updates! We have important news to share this month, so let’s cover it all in this blog post! The latest on merchant services  It is never late to launch an online business, as the eCommerce industry grows more popular and offers more accommodations to companies each year. And if you have decided 2022 is the year for that, our team has written some informative articles! The first one covers all the basics of online trade. If you are still unsure how to set up your e-commerce website and what

Genome is all things finance! As we provide services for everyone – from individuals to companies and merchants*. But it is not only about transfers and payments. Security plays a fundamental role in all financial processes.  Thus, today we are talking about the online account and card protection tools we offer our clients and what you get along with our services and debit cards! Common safety instruments for your online accounts You are already protected the moment you set your foot on Genome’s digital ground! That’s because we make sure that your every step on our territory is safe – starting from

Article was updated on 31.07.2024 The Single Euro Payments Area (SEPA) initiative was and still is an incredible solution for improving transfers within the Eurozone, allowing for safe and fast payments. If you live, work, or have a business in the EU, SEPA transfers are definitely what you need to explore.   In today’s Genome article, we explain SEPA transfers – the most common transactions abroad within the European Union. We will dive into different types of SEPA transfers and talk about the pros and cons of this pan-European network. What is SEPA? SEPA transfers are standardized euro payments across Europe

The article was updated on 24.10.2024 A business debit card can be a powerful tool for any business. Using a debit card linked to a business current account allows you to manage your finances more effectively and grow the business sustainably. We’ll be looking at what benefits business debit cards involve and how to choose one wisely.  What is a business debit card? A business debit card is a payment card issued by a bank or other financial institution specifically for business use. It allows business owners and authorized employees to make transactions directly from the company’s checking or savings

Predictably, the eCommerce sphere has been growing immensely during the past few years. At first glance, accepting money online, especially if we’re talking about different payment types, seems like a hectic thing to do. However, it all gets easy peasy lemon squeezy when you actually have everything set up. What’s more, many financial services providers, Genome included*, have taken care of things so that payment processing requires minimum involvement from sellers. Today’s article explains all the tools needed to accept funds online in Europe and other parts of the world.   Let’s start with a detailed overview of the payment lifecycle to understand everything better. To accept

A merchant account is essential for an eCommerce business. It allows a company or a freelancer to receive electronic payments. This Genome article describes what a merchant account is, what are other merchant services, how to compare providers, and which one to select. What is a merchant bank account? A merchant account is the only financial account that permits a business owner to accept electronic payments made in retail or online with credit cards and other electronic payment methods. A merchant account differs from a business account by the functions.  Basically, a business bank account offers all the same basic

Being a part of the payment system would allow a business owner to accept payments on the website. But the specific nature of the business itself does influence the process, especially such characteristics as high-risk. In this article, Genome will talk about types of bank accounts, high-risk businesses, high-risk payment processing, and how to open a high-risk merchant account. The difference between bank accounts There are three types of accounts in the banking world: personal, business, and merchant. Each serves various purposes and consists of different functionalities. Thus, a personal eWallet allows an owner to benefit from the financial services with electronic money.