What are payment methods? A payment method is an option that a client can choose to pay for goods or services. In retail stores, a merchant might operate with physical cash, banknotes, prepaid cards, mobile payments, checks, gift cards, credit and debit cards. In the eCommerce sector, the payment methods usually include more options for online exchange.  Types of eCommerce payment methods   Open an account in Genome online Get Started What is a CMS? A CMS stands for the content management system. It is a software app that makes it possible for users to build and manage a website.

For our team, this platform is everything, and we enjoy improving it! And, of course, we love telling you all about it as well, whether it’s a new feature introduced within Genome or yet another article to educate people about financial services. And now, our clients have an opportunity to get the most essential updates in one place – sent straight to them even! We are talking about Genome’s newsletter. You can subscribe to it right now – just scroll down the page and fill in your email in the subscription form. With our newsletter, you will always stay on

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. The must-have mechanism that lays the foundations for sales is money exchange. In other words, this process is also known as a payment. The cashless society is not a distant variation of the future. Indeed, it’s the reality of millions of people worldwide. No wonder that payment methods have also evolved compared to what they looked like only 50 years ago.  But what does this change mean for businesses? Many companies now either create websites for their physical stores or operate online only. E-commerce has made shopping

Local payment methods are essential services to understand when building an e-company in a certain area. Today Genome dedicates a whole blog to the phenomenon, explaining their kinds, and introducing readers to the most prominent European local methods,  Local payment methods – how they relate to worldwide ones Local payment methods represent a combination of the most frequently used payment options in a certain geographic location to accept money and receive money. These financial services are sometimes available only in a precise geographical area. Here’s what we mean: credit and debit cards are a common local payment method in Germany,

It’s no secret that financial services are now flourishing in all parts of the world. Due to high competition in this sphere, people can choose from a wide range of providers or even have a couple of accounts.  The timeframes of money transfers are among the crucial factors to consider. Especially when we’re talking about transactions overseas. Here comes the tricky part – to send a speedy payment, one needs to know the basic terminology connected with types of payments/bank details.  Genome supports various transfers and helps individuals and companies when it comes to starting personal or business wallets. In

Financial technologies are nothing new anymore. Indeed, they are only getting more advanced each year and widely integrated into the daily life of millions of people. Fintechs are not only about fast and simple personal accounts management anymore. In fact, there are different types of financial technologies and they introduce such online services as opening merchant accounts and business accounts, lending, buy now – pay later, etc.  No wonder that fintech investments are on a rise, especially with so many options to choose from in all corners of the world, which know how to invest and earn money.   Genome, as

It is time to have some fun as the year ends! And to our team, fun means we get to go through the most deciding Genome updates that occurred in 2021. Keep in mind that we had plenty of new articles and features over the year. And you can learn about them in our monthly blogs. The following are just the team’s personal favorites that define Genome and what we strive for. Saving your time on SEPA transfers This one is very recent, so you might have missed it! Genome now pre-fills in the BIC code when you make SEPA

Please note that Genome’s merchant services have been temporarily unavailable since September 2024. EGaming businesses are now widespread in almost every country. And, no doubt, both gamers and such companies need reliable accounts to make payments and receive money accordingly. The downside – not all PSPs and banks offer services for such companies and gamers. But it doesn’t mean the situation is hopeless!  Genome offers personal, business, and merchant accounts for various companies and industries all over the world. The transportation, SaaS, retail, entertainment, and many other industries make use of Genome multicurrency accounts and all the other awesome perks

SEPA transfers are a fast way of sending funds in euros within the Eurozone. The mechanism for both personal and SEPA payments for business is the same, as well as timeframes and even fees.  In Genome, we know all about SEPA payments for business and support them for our personal and business eWallets. Let’s have a closer look at SEPA transfers and their peculiarities to find out what’s needed to receive money via the network.   What is SEPA It’s a scheme adopted in 2008 for quick and simple transfers. These are available in the SEPA area that includes 36 countries.

The end of the year 2021 is so close! You probably need to finish some things at work or have family matters. There’s not much time for insignificant stuff though. And we at Genome made sure we can ease your end of the year at least somehow! So now our SEPA bank transfers are quicker and easier to file! All because you don’t have to fill in the BIC when sending money from your personal or business wallets. Just a quick reminder: a BIC aka (SWIFT code) is 9 to 11 characters long and consists of both numbers and letters.