Local payment methods are essential services to understand when building an e-company in a certain area. Today Genome dedicates a whole blog to the phenomenon, explaining their kinds, and introducing readers to the most prominent European local methods,  Local payment methods – how they relate to worldwide ones Local payment methods represent a combination of the most frequently used payment options in a certain geographic location to accept money and receive money. These financial services are sometimes available only in a precise geographical area. Here’s what we mean: credit and debit cards are a common local payment method in Germany,

It’s no secret that financial services are now flourishing in all parts of the world. Due to high competition in this sphere, people can choose from a wide range of providers or even have a couple of accounts.  The timeframes of money transfers are among the crucial factors to consider. Especially when we’re talking about transactions overseas. Here comes the tricky part – to send a speedy payment, one needs to know the basic terminology connected with types of payments/bank details.  Genome supports various transfers and helps individuals and companies when it comes to starting personal or business wallets. In

Financial technologies are nothing new anymore. Indeed, they are only getting more advanced each year and widely integrated into the daily life of millions of people. Fintechs are not only about fast and simple personal accounts management anymore. In fact, there are different types of financial technologies and they introduce such online services as opening merchant accounts and business accounts, lending, buy now – pay later, etc.  No wonder that fintech investments are on a rise, especially with so many options to choose from in all corners of the world, which know how to invest and earn money.   Genome, as

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. EGaming businesses are now widespread in almost every country. And, no doubt, both gamers and such companies need reliable accounts to make payments and receive money accordingly. The downside – not all PSPs and banks offer services for such companies and gamers. But it doesn’t mean the situation is hopeless!  Genome offers personal, business, and merchant accounts for various companies and industries all over the world. The transportation, SaaS, retail, entertainment, and many other industries make use of Genome multicurrency accounts and all the other awesome perks

SEPA transfers are a fast way of sending funds in euros within the Eurozone. The mechanism for both personal and SEPA payments for business is the same, as well as timeframes and even fees.  In Genome, we know all about SEPA payments for business and support them for our personal and business eWallets. Let’s have a closer look at SEPA transfers and their peculiarities to find out what’s needed to receive money via the network.   What is SEPA It’s a scheme adopted in 2008 for quick and simple transfers. These are available in the SEPA area that includes 36 countries.

IBAN payments for business are now more available than ever. One can instruct IBAN transfers anytime from a mobile or web application of their financial provider. By separating your personal and business expenses within two bank accounts, it’s easier to track spendings and income. What’s more, some financial institutions demand a list of business transactions to give company owners a loan. Finally, some people prefer paying by sending a transfer rather than using their bank card.  For all these transactions and more, you will need an IBAN. Genome has a large experience in opening dedicated IBAN accounts for companies of all sizes. We offer not only

Most EU countries now use the euro as their currency, so you don’t need to exchange money all the time when traveling from one country to another. However, Poland, the Czech Republic, Croatia, and some other countries still have their own money. Thus, the currency exchange rate is one of the main issues for any travelers coming from outside of the EU.  How do you find the best exchange rate in Europe? Is it wise to use ATMs to withdraw local currencies? How to avoid high fees? Genome answers all these questions and more in today’s blog post. Within our business and personal

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. The e-commerce industry is booming, and for a good reason. Since the dawn of the internet, more and more companies move their products online to reach more customers and receive money. And in recent years, it has also become a safety issue – not all people could attempt brick-and-mortar stores during lockdowns.  Some businesses start the websites for said purpose. But others prefer using services of marketplaces and e-commerce platforms. And today Genome’s team will talk about one such platform – PrestaShop. Find out more about the

With a gradual shift to online services in all spheres, digital wallets became a breakthrough when it comes to financial services. Undoubtedly, eWallets are not a novelty anymore. Indeed – they became a must for smooth, safe, and, what’s the most significant – quick payments and money transfers.  Genome helps to open personal and online business accounts for users in Europe and other countries. Genome’s digital wallet is functional, easy to operate, and allows you to not only receive and send money but also exchange multiple currencies.  What is an eWallet and how it works A classic example of eWallets

Freelancing has proven to be a lasting trend that indicates global social changes. Truth is that many people can now work from home or travel as much as they want due to numerous freelance job options. They are not tied to one city or even country anymore. More and more young people try living the lives of digital nomads to explore the world before finally choosing what they want to do.  With great freedom comes great responsibility. If you’re a freelance worker or considering doing some side projects in your free time, it’s worth looking into available online payment methods.