Online money transfers abroad have never been more simple. But there are still some basic things to know before instructing any international transactions. In today’s blog post, Genome explains all about overseas payments and how to make them.  International transfer types Let’s start with a definition. Online money transfers abroad are any transactions between two or more countries. They can be made in one currency or involve currency exchange. There are a few methods of moving funds overseas, and we will discuss all of them further. Wires were first introduced 150 years ago but remain the most widespread method of

When discussing financial services, some topics are always timely. IBANs and IBAN accounts are one of these. And also, people often wonder, “how can I check my IBAN number?”. Today, Genome’s team answers this and other related questions in this short but sweet article!   Transfer money online with Genome At this point, we have talked a lot about what IBANs are and how IBAN transfers work. But what we would like to explain is what services our EMI provides. First and foremost, it is a dedicated IBAN account opening for personal and business wallets. The onboarding doesn’t take much time

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. We at Genome love coming up with features that make merchants’ jobs much more manageable. We provide extensive analytics, stable and easy payouts, virtual and physical corporate cards – to name a few. But what we also enjoy doing is highlighting other services and companies that merchants may find helpful. And this time, we are talking about Magento and its pros for e-commerce businesses. Want to know more? Read on!  Magento CMS: the basics Do you want to start selling goods and services online? Or maybe, already

Let’s begin with an explanation of what a banking system is. To put it shortly, it’s a unity of institutions that offer a bunch of financial services. When one needs to accept money from somebody else, make a transfer, or apply for a loan, the funds circulate within this system.  In Genome, we help our clients open business accounts and personal accounts. Just like any other financial institution, we’re involved in the movement of money when our customers send funds between their accounts in EUR, USD, etc. Therefore, today we will talk more about how all these processes happen to make a banking system

Being a blogger is not only about taking photos every day, cooperating with famous brands, and traveling. Just like everyone else, influencers need to manage their income, deal with taxes, and pay their teams money. For this, they need a business bank account. But here comes a tricky part. Which one works best in which country? Can a blogger send funds in different currencies from one business account? Genome answers all these questions and even more in today’s article.  Features of a business account If you’ve only started creating a blog or vlog, you might not need a business account straight away. But

The article was last updated on 26 April, 2024 The 3D Secure step of payment verification is a crucial fraud protection tool when it comes to online payments. Today, the Genome team will explain how it works, when and why it was established, and how to have it on the eCommerce website. What is 3D Secure? So, what is 3D Secure? Also known as 3DS, it is a security protocol created to improve the safety of card-not-present (CNP) transactions during online payments. Its main goal is to increase security via payment authentication by confirming the identities of cardholders. It does

The article has been updated on March 29, 2024 Obtaining a high-risk business can seem problematic at first. Not all payment processors are equipped to accommodate high-risk businesses. But with a closer look, it is simple. In this Genome article, let’s talk about what a high-risk merchant account is and how to open it. Navigating the landscape of high-risk merchant accounts In today’s complex financial ecosystem, understanding the intricacies of a high-risk merchant account is essential for businesses that want to select a reliable service provider and improve their financial operations, attract more clients, and stay compliant with regulations. What

No matter what type of business or company you’re running, sooner or later, you will need a business account for this. Agriculture is no exception to this rule. Even though it may seem that this industry is more connected with actual farming and taking care of crops and animals. Nevertheless, there’s always a financial side to any agriculture business, and here’s when a reliable banking solution can make your life much easier.  Genome offers multicurrency (USD, EUR, GBP), merchant*, and business accounts for companies in numerous spheres, including agriculture. The quick and simple online onboarding process, advanced functionality, and low fees – all

What are payment methods? A payment method is an option that a client can choose to pay for goods or services. In retail stores, a merchant might operate with physical cash, banknotes, prepaid cards, mobile payments, checks, gift cards, credit and debit cards. In the eCommerce sector, the payment methods usually include more options for online exchange.  Types of eCommerce payment methods   Open an account in Genome online Get Started What is a CMS? A CMS stands for the content management system. It is a software app that makes it possible for users to build and manage a website.

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. The must-have mechanism that lays the foundations for sales is money exchange. In other words, this process is also known as a payment. The cashless society is not a distant variation of the future. Indeed, it’s the reality of millions of people worldwide. No wonder that payment methods have also evolved compared to what they looked like only 50 years ago.  But what does this change mean for businesses? Many companies now either create websites for their physical stores or operate online only. E-commerce has made shopping