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

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 doing so but don’t have enough tools? Then Magento can be a solution

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, merchant 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

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

3D Secure step of payment verification is a crucial 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 does 3D Secure mean? 3D Secure or 3DS is an online security protocol created to improve the safety of CNP transactions during online payments. It connects the POS with the card issuer, card network, and other parties that take part in the online payment services process. The main goal is to increase safety via payment authentication.   Open an account in Genome online

Running a business makes you take care of multiple issues at once, which is extremely stressful sometimes. Our team understands the struggle, and we decided to ease your worries at least partially when it comes to your funds’ security. The solution to the issue is made possible with Genome’s security token! You can get the token right now if you have a business wallet within Genome. If not, just start the wallet online – follow a comprehensive tutorial to do so. Once you’ve joined, order a corporate Visa card. We will deliver the token alongside the physical card straight to

New year – new updates! That’s right – it is time for another month in a review blog from Genome. So, what did our team manage to release during the first month of 2022? Read on and find out. Going deep on why you need a business account Even if you don’t sell products or services online, it is still great to utilize a business account for your company’s needs. And you don’t even have to visit a bank for that! The number of fintech companies grows each day, and they come up with more features catering to as many

Obtaining a high-risk business can seem problematic at first. But with a closer look, it is not that necessarily complicated. In this Genome article, let’s talk about what a high-risk account is, why it is considered to be so, and how to open it. A high-risk merchant account: what is this? There are two types of businesses: low-risk and high-risk. They differ by the potential risk they can bring to an acquiring bank. An acquiring bank is the only institution that is authorized to launch accounts.  It is the only way to accept money via e-payments, such as credit and debit cards, eWallets,

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