Money transfers are integral to any person that uses the financial services of banks or payment service providers.  It is no wonder that there are many types of transfers, such as ACH or wire payments. So, our team at Genome decided – why not explain what ACH and wire transfers are and the difference between wire transfers and ACH? Let’s get to the bottom of this right away! What you need to know about the ACH bank transfer The ACH money transfer is an electronic payment method made with the help of the Automated Clearing House network. This way, the

Not so long ago, the Genome team published a blog dedicated to our virtual and physical cards and contactless payment features. And, as promised, it’s time for part two of the topic. This time, we will focus more on the card features within Genome. Learn what you can do with your cards in this blog.  Card activation Now, before using the card’s services, note that your virtual card is activated within 5 minutes after you order it. The same applies to your physical card if you want to use it for online payments. To activate your physical card for contactless

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. For many, their financial journey starts when they open a bank account – a gateway to multiple banking services. However, today we witness an abundance of banks and fintech companies, which is overwhelming for some when picking a new bank or financial provider.  Thus, some people need guidance when they choose a bank for the first time. And Genome is here to help! Our team is here to explain how to select a bank account depending on your needs, the types of accounts, and what features are

When you sell products and services, you need to know your client base. It includes research on what payment methods they prefer. And, as it is an extensive topic, we will get to it country by country. So today, Genome takes a look at the most used payment methods in Germany so merchants know what to expect from their customers in this market.  What is a payment method? Before discussing the popular payment methods in Germany, let’s first dissect the term.  It is a payment option a client chooses to purchase goods or services either in-person or online. There are

One of the main goals of Genome’s team is to make financial services as accessible and user-friendly as possible. And we commit to this goal completely.  That’s why you are now reading this article, as we wanted to clarify some of the questions you might have regarding our cards. This topic is actually pretty vast, and we will break it into several parts. So be on the lookout for part two pretty soon! How to order Genome cards? Genome provides virtual and physical debit Visa cards for personal and business wallet owners. Virtual cards can be used for online and

Lately, our team has embarked on a journey of describing all the main aspects of financial services for companies. And now, it is time we explain how you make international money transfers for business. Interested? Read on and find out more – with Genome! What is an international money transfer? An international money transfer refers to a process of you using a certain transfer system to send funds abroad, as opposed to when you transfer money domestically – within your country. So, you can make personal as well as international payments for business. Usually, international transfer involves more than one

October – the spooky season is finally here! But there’s nothing spooky about Genome’s month in review – only the juiciest updates we had this month! Let’s see what we’ve got for you: All the tips on choosing the right card We at Genome have multiple card options, so we know a lot about this part of the financial industry. And we want you to know which type of card will suit your company’s needs the most. Thus, this month we had two crucial articles on the topic. The first one is regarding debit cards for business, where we explained

Virtual cards – another essential part of digitalization within the financial sphere. But what are these cards exactly, and how can they be used for your company? Genome is here with all the answers! Find out about virtual cards for business and how to order them in this article.  What are virtual cards for business? Before diving into the business virtual cards, let’s first take a look at virtual cards in general. Don’t be misguided by the “card” part of the naming – it is just a term and does not include a plastic card in its original form. Instead,

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. When you run a company, there’s a big chance that sometimes you will need to make multiple payments simultaneously. It may seem overwhelming, but the truth is that the banking industry has taken care of that. We are talking about mass payment solutions – tools that allow you easily instruct transfers in bulk. But how do mass payouts work exactly? Let’s uncover it all in this Genome article.  Why do you need mass payouts? Maintaining a company entails multiple processes, and making numerous transfers is one of

In 2021, the number of non-cash payments amounted to 114.2 billion in the euro area alone. Needless to say, our daily lives are full of transactions.  So, an important question arises: are you sure you understand the difference between a personal and a business transaction? Today, Genome’s team is here to sway away all the doubts you may have about what business transactions are.  Definition of a business transaction Generally, a business transaction is a broad term representing a process during which two or more parties exchange money, products, or services. The common denominator with all these transactions is that