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, merchant, 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

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.

Every year we’re experiencing an increase in remote job opportunities, no matter if it’s working for a company within one country or being an employee of an international corporation. Along with this change, one more crucial shift has happened – a rise in the number of freelancers. For most freelancing jobs all over the world, the pros of self-employment outweigh the cons. The one sphere that has a constantly growing number of freelancers is IT. And here we’re not only talking about developers and testers. The IT industry contributed greatly to the development of such freelance jobs as marketers, content

If you answered “yes”, then you are in the right place already, as Genome provides said accounts for ecommerce and other companies, with a dedicated IBAN account to settle earned funds.  And for those who are still not sure whether you require an ecommerce merchant account or not – no worries! In today’s article, our team will explain what kind of account is that, how it can be useful, and what is needed to set it up.  Ecommerce merchant account: the basics Online merchant accounts get brought up often here, within Genome’s blog. But to keep it short and simple, this

Funds transfers are the most rapid way to send and receive payments online. This Genome article is dedicated to the nature of wire transfers, their functionality, usability, and types of transfers available nowadays, and how to send them from your digital wallet. What is a money transfer? Money transfer is also called a banking transfer, or wireless transfer. It is the transmission of e-funds to a private or business account of a person or an entity. E-money sendings today do not have to involve an actual physical exchange of funds, only the electronic equivalent of it. And instead of receiving

What is an IBAN? IBAN stands for the International Bank Account Number. This is a unified global system that was established by banking networks to identify any valid bank account in a lot of countries around the world. Obtaining this number, along with other payment data, enables a person or a business to transfer and receive funds globally – using bank accounts or eWallets. We at Genome offer personal and business IBANs as well! IBAN has strict rules in its order: It always begins with two letters of a country code. If we take Europe for example, for the UK

IBAN transfers are wires abroad widely used all over the world. They are speedy, supported by the majority of banks, and not-so-difficult to order. In Genome, we support IBAN bank transfers for our personal and business wallets clients. Today, we’re talking about how to send them and how long they take. What is an IBAN transfer? The word IBAN stands for International Bank Account Number. It’s a special code that indicates a unique account and usually consists of 34 digits and letters but can also be shorter. This code is usually required for sending money, that is why some people

In a world where most cards look all the same and are mostly used virtually via digital wallets, being able to differentiate between credit and debit bank cards is a money-saving skill. Today we will talk not about how these cards look. Indeed, we will get deeper into their functionality and features, along with all the fees and charges.  Genome offers physical and virtual debit cards to its users both on personal and business accounts. We are well aware of what features are the most requested ones, where people tend to spend the most, and, finally, at what occasions it’s

In the modern world, opening your own business is a growing tendency, no matter in what country you’re living. First of all, it brings some stability (along with constant challenges) to your life. That is, some people prefer working on their own rather than doing corporate jobs where they have almost no influence on the company and all the processes. Secondly, globalization, coupled with digitalization, presents new ways of starting and managing a business without even leaving your house. Beginning from DIY little things and ending up with courses/lectures/workshops – all these products can be sold and monetized online. Consequently,

Prepaid debit cards are a great way to have better control of your spendings. Why? Because you can only use as much money as you’ve put on such a card in advance. As a matter of fact, prepaid cards are pretty similar to debit ones. The major difference is that with a second one you can sometimes go overdraft. With a prepaid card, it’s not possible under any conditions.  In today’s blog post, Genome will discuss how prepaid debit cards for travel work, what are their strong sides, and which one of them is the best. Read on for more