Black Friday, one of the most eventful days of November for many folks, is coming. It is a truly special occasion for many: many retailers try to sell the remnants of goods, while people buy products for a decent price and stock up for Christmas. While it sounds like a great time for retailers and clients, some of the more worrisome aspects of Black Friday shopping can get overlooked. Mainly due to overconsumption, uncontrolled spending, and security threats.  Our team gathered some expert tips to go through Black Friday and Cyber Monday stress-free. Read on to be ready for your

Cross-border transactions are one of the main pillars that make business truly international.  Companies of all sizes constantly engage in international payments, navigate through currency conversions, and use different payment methods. In this article, our team will cover the most common ways to make cross-border payments and explain how international payments work. What are international business payments? International business payments are financial transfers made between companies or companies and individuals for business purposes. The payer and the beneficiary are located in different countries, so such transactions are considered international.  Many transaction types can fall under the broad international business payment

A bank account with a debit card is not the be-all and end-all of financial services, as multiple features make up a complete financial experience. One such service is the exchange of currencies, as people might require it for many reasons.  Find out how this service works, the best options to exchange currencies, and what problems you can face when doing so. What is a currency exchange? Currency exchange is a process that occurs when one currency is converted into another. It can happen with physical cash or online. A person or a legal entity can initiate the exchange process

The payment diversity exists for a reason – it is a customer demand. Online gambling is one of the best examples of this demand for payment options. Take a look at Malta, a very popular place to register an online casino. According to the survey on online gambling customer payments distribution, in 2021, 40% of respondents preferred bank transfers, 34,7% – a credit or debit card, 13,2% – e-Wallets, and 12,1% – other options, like cryptocurrencies. So, the question stands: why do clients prefer such different options when using online casinos? Moreover, what are the benefits of these casino payment

Gross and net profits are a must if you want to better understand your company’s profitability. In this article, we will compare gross profit vs. net profit and explain how they are calculated and why they are important for a business’s financial health and financial goals.   What is gross profit? A business gross profit refers to the funds your business earned over a specific period, excluding the cost of goods sold. You can find gross profit (aka gross income) on a company’s income statement. Identifying the business’s gross profit allows companies to understand if they earn enough funds to keep

Cash flow forecasting is not some fancy term; it is a significant tool for any business. It’s all about predicting cash inflows and outflows for the future.  In the article, our team will explain how it works, provide examples of the best software and tools for cash flow forecasts, and answer the most common questions about determining future cash flow. What is a cash flow forecast? A cash flow forecast is a financial tool that estimates the amount of all the money expected to flow in and out of a company over a specific period, from a few weeks to

Starting a company can be both exciting and chilling. On one hand, a person is driven by fresh ideas and passion for their craft. On the other hand, you need to go through various complicated processes to put your business on the map.  One such thing is a business license. Many businesses require it to provide services, sell goods, etc. So, how do you get a business license? Read on to find out as we explore different types of business licenses and what challenges you may face when obtaining one.     What is a business license? A business license is a

Work is not just about 9-to-5 tasks, calls, and meetings. Sometimes, other matters are at hand, and you need to be aware of your options. For instance, you may need to receive your salary earlier to pay for unexpected expenses. It is what a salary advance is used for. Still, salary advances have benefits and drawbacks. This article will explore the pros and cons of a salary advance request and explain how it works.  What is a salary advance? A salary advance (sometimes called payroll advance) refers to a situation when a business allows its employee to receive a portion

Online casino games are by far the most convenient way to use a casino. There is no need to waste time going to crowded brick-and-mortar casinos or another country. No wonder the iGaming market is expected to reach over $136 billion by 2029, showing a stable annual growth rate (2024-2029) of 6,20%. There are different types of such companies, so our Genome team dedicated an article to specific online casino games offered by pay-by-mobile casinos. Such iGaming businesses found their rightful niche on the market. Today, the use of smartphones for various tasks is unprecedented, thanks to their accessibility and

Managing a business is not only about producing products and making a profit. Mutual respect and trust between employers and their staff are crucial to the company’s success.  That’s why a business owner and their salaried employees need to understand the concepts of gross salary (gross pay) and what it consists of. In this article, you will learn more about gross pay and how it differs from net pay.   What is a gross salary? Also known as gross pay, gross salary is the term that describes the individual’s total earnings (based on hourly rate, monthly salary, etc.) before any expenses