September at Genome was all about making business payments easier to understand. We covered checkout options, card security, settlement times, and the best way to send euro payments across Europe. Read on to find out more.
What should you check before choosing a European payment provider?
When you’re looking for a provider, a low transaction fee can look appealing. But before you commit, check what else comes with it: supported payment methods, currencies, settlement times, security, and the cost of integrating the service.
Our guide to choosing a European payment provider gives you practical questions to ask before your team starts building. All experience-based, as we at Genome offer a wide range of financial tools for businesses: from multi-currency accounts to merchant services!
Selling digital goods? Plan for fast delivery and payment disputes
Buyers expect immediate access to software, courses, and other digital products. Sellers, meanwhile, need a way to show what was delivered if a customer disputes a payment.
Our team explained how merchant accounts for digital goods and online services function. Such merchant accounts allow keeping checkout quick, managing disputes, and handling sales across borders.
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Hosted payment page or host-to-host integration: which fits your checkout?
A hosted payment page gives customers a ready-to-use checkout managed by the payment provider. Host-to-host integration offers more control over the payment experience, but takes more work to build and maintain.
The comparison of both checkout options helps you decide which setup suits your team. Genome’s hosted payment page is available now, while host-to-host integration is coming soon.
What happens after a customer pays by card?
As a merchant, you need to have some understanding of certain payment processes to set up your operations accordingly. For instance, how about card payments? The customer sees “payment successful,” but the money may not be in your account yet. Card payments go through authorization, clearing, and settlement before the merchant receives a payout.
If that gap has ever made cash-flow planning tricky, follow a card payment from checkout to your account. The article also explains why payout times vary and how rolling reserves work.
SEPA or SEPA Instant: which should your business use?
Both methods let you send euro payments within the SEPA area. SEPA Instant is built for payments that need to arrive in seconds, including outside business hours. Standard SEPA Credit Transfers work on a different schedule.
The SEPA vs. SEPA Instant guide for businesses helps you choose the right rail for supplier payments, regular transfers, and more time-sensitive expenses. Genome offers both methods, allowing you to use them for both business transfers and instant bank payments (Pay by Bank) as a merchant payment method.
How do 3D Secure and SCA affect card approvals?
Security checks help protect online card payments, but an awkward authentication step can cause a customer to give up at checkout.
Learn how the two work together in the guide to 3D Secure, SCA, and approval rates. It explains what merchants should consider when reviewing their payment flow.
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PCI DSS: what does your checkout setup mean for compliance?
PCI DSS requirements can feel complicated, especially when you’re deciding how to accept card payments. The amount of card data your systems handle affects the security work your business needs to do.
The PCI DSS guide for merchants explains how those responsibilities differ between checkout integrations, so you can factor them in early.
Verification of Payee: check the name before you send
A mistyped account number or a payment request with the wrong recipient details can be costly. Verification of Payee (VoP) adds a check before you confirm a SEPA transfer by comparing the name you entered with the name on the recipient’s account.
Our Verification of Payee (VoP) guide explains what the check can tell you and how it can help your business catch mistakes before sending money. Verification of Payee is also a service that is available inside Genome.
Did you miss Genome’s previous month in review? Don’t forget to check the August updates! It broadly covers merchant accounts, international payments, and practical ways to manage business finances.
