Genome is all things finance! As we provide services for everyone – from individuals to companies and merchants*. But it is not only about transfers and payments. Security plays a fundamental role in all financial processes.  Thus, today we are talking about the online account and card protection tools we offer our clients and what you get along with our services and debit cards! Common safety instruments for your online accounts You are already protected the moment you set your foot on Genome’s digital ground! That’s because we make sure that your every step on our territory is safe – starting from

Article was updated on 31.07.2024 The Single Euro Payments Area (SEPA) initiative was and still is an incredible solution for improving transfers within the Eurozone, allowing for safe and fast payments. If you live, work, or have a business in the EU, SEPA transfers are definitely what you need to explore.   In today’s Genome article, we explain SEPA transfers – the most common transactions abroad within the European Union. We will dive into different types of SEPA transfers and talk about the pros and cons of this pan-European network. What is SEPA? SEPA transfers are standardized euro payments across Europe

More and more people join Genome each day. What’s more, we roll out updates pretty often, so some customers find it hard to keep up. But no worries – we are here to help! Our team decided to dedicate this article to some of the most frequent questions asked by clients that use Genome. So, without further ado, let’s clear everything up! How to top up your wallet via SEPA transfers? We often get asked how a person can send money to their Genome account without using their cards. Easy – we have SEPA transfers for this purpose. But before

The article was updated on 24.10.2024 A business debit card can be a powerful tool for any business. Using a debit card linked to a business current account allows you to manage your finances more effectively and grow the business sustainably. We’ll be looking at what benefits business debit cards involve and how to choose one wisely.  What is a business debit card? A business debit card is a payment card issued by a bank or other financial institution specifically for business use. It allows business owners and authorized employees to make transactions directly from the company’s checking or savings

Genome’s team has recently released virtual cards for individuals and businesses. Since then, we have been continuously improving their features. Today, we have a grand one! Genome virtual personal and corporate cards now have Google Pay – a fast, easy way to make payments! What it means for Genome’s users: When designing the virtual cards, we envisioned a one-stop tool for your financial needs, completely digital too. That’s why your virtual card only exists in your phone – no plastic and no way to steal it. And now, thanks to Google Pay, you can use your virtual card for payments

Predictably, the eCommerce sphere has been growing immensely during the past few years. At first glance, accepting money online, especially if we’re talking about different payment types, seems like a hectic thing to do. However, it all gets easy peasy lemon squeezy when you actually have everything set up. What’s more, many financial services providers, Genome included*, have taken care of things so that payment processing requires minimum involvement from sellers. Today’s article explains all the tools needed to accept funds online in Europe and other parts of the world.   Let’s start with a detailed overview of the payment lifecycle to understand everything better. To accept

A merchant account is essential for an eCommerce business. It allows a company or a freelancer to receive electronic payments. This Genome article describes what a merchant account is, what are other merchant services, how to compare providers, and which one to select. What is a merchant bank account? A merchant account is the only financial account that permits a business owner to accept electronic payments made in retail or online with credit cards and other electronic payment methods. A merchant account differs from a business account by the functions.  Basically, a business bank account offers all the same basic

Being a part of the payment system would allow a business owner to accept payments on the website. But the specific nature of the business itself does influence the process, especially such characteristics as high-risk. In this article, Genome will talk about types of bank accounts, high-risk businesses, high-risk payment processing, and how to open a high-risk merchant account. The difference between bank accounts There are three types of accounts in the banking world: personal, business, and merchant. Each serves various purposes and consists of different functionalities. Thus, a personal eWallet allows an owner to benefit from the financial services with electronic money. 

So, you now have a personal wallet within Genome; what’s next? By the way, if you have any issues applying, check out our tutorial on how to start a personal account. After the wallet opening, the first thing you need to know is how to top up your account and send money to other users. The top up Press the plus sign under the “top up” title on the dashboard. From there, you can top up your account using a bank card. Choose the new card option and fill in the card number, expiry date, CVV2/CVC2, cardholder name, and the

This time we start our blog by addressing important events. February 2022 has brought times of great unease and sadness upon Europe and beyond. Right now, the Ukrainian people keep on fighting for their freedom and independence, as they have to defend their country. Genome and Lithuania stand with Ukraine, and we ask our clients and partners to share the word and donate to the Armed Forces of Ukraine. The current situation concerns every European state! Now, let’s discuss our product updates. Money movements and transfers abroad: what to know No bunking is possible without funds, which sometimes need to