business accounts
Business services
Payment webhooks: integrating real-time pay-in notifications
Using payment webhooks can significantly improve your company’s operational flow. Some platforms use API polling – one of the standard payment models that works by asking the payment gateway’s API about the payment status. How do payment webhooks work? Technically, instead of repeatedly asking a payment provider for updates, a merchant’s backend receives an HTTP notification the moment an event occurs. In other words, if API polling is asking for confirmation every 10 seconds, webhooks are like requesting: “Notify me the moment the payment arrives.” This isn’t a perfect analogy, but it gives you a sense of what is going
Business services
Dedicated business IBAN: why your company needs individual bank details for global payments
Taking your company to the global stage is an incredible milestone. Finding customers in different countries, working with international partners, and entering new regions mean your brand is scaling successfully. But as your customer base expands, your financial operations must evolve too. When businesses first start handling international sales, they focus heavily on how to send money out to suppliers or remote teams. However, as transaction volumes grow, many operational managers realize that the way they collect money matters just as much. Managing global payments for business requires a system that is fast, transparent, and completely organized. Unfortunately, many standard
Business services
Cross-border B2B transactions: how to scale international supplier payments safely
“Why did my supplier receive less than I sent?” is quite a common question you may find on the entrepreneur forums. Finding the right supplier abroad can already be tough, and you really don’t want any more problems associated with the process. Very common setup: a semiconductor manufacturer in Taiwan, a component maker in the USA, and your factory in the EU. Asia-America-Europe, multiple currencies, and regular shipments literally around the world. You will be paying them invoice after invoice – supply, shipment, currency conversion – and it’s your responsibility to pay on time, in full. Cross-border B2B transactions are
Business services
How to manage currency conversion fees and FX risk in global e-commerce
There is a saying that currency conversion fees quietly eat into your margin. We are about to disagree: not quietly anymore. FX risk in e-commerce is not a minor inconvenience. Recent currency volatility has already had a measurable impact on businesses. For example, 48% of UK corporates surveyed said they had lost money in 2025 because of large swings in sterling’s value. Another example comes from a personal finance platform. Despite reporting a 15% year-over-year increase in revenue in Q1 2026, the company posted a net loss of $6.7 million. It was primarily driven by non-cash and currency-related adjustments, including
Product news
Welcome, UAE! Genome expands business onboarding of United Arab Emirates companies
Our team continues to expand Genome’s services for companies operating internationally. Today, we are happy to share an important update: the United Arab Emirates is now approved for onboarding business clients under a high-risk classification and pricing model. Eligible UAE-registered companies can now apply for a Genome business account and use a wide range of our financial services, including international SWIFT transfers! What this update means for UAE businesses With this update, UAE business clients can be reviewed and onboarded under Genome’s high-risk business account pricing. This is especially useful for companies that operate across borders, work with international partners,
Business services
Batch transfers vs. API payouts: which mass payment solution is right for your business?
Do you find it fine to manually pay 10 of your employees every single month? Will you change your mind when you have employed a few hundred more people? At some point, every growing business hits the same wall. You’ve got more people to pay, more suppliers waiting for invoices, more users expecting their withdrawals – and suddenly the way you’ve been handling payments just doesn’t hold up anymore, even if it has been handled by a professional accountant. Processing transactions one by one is genuinely unsustainable. You’d usually have 2 options on how to deal with this, both from
Business services
Mastering B2B cross-border payments: optimizing SWIFT transfers
Update: Genome has expanded its network! You can now execute SWIFT transfers for business to and from 161 countries and territories. B2B international payments are becoming harder to manage as global trade, supplier relationships, and currency markets keep changing. Tariffs, new regulations, regional payment rules, FX volatility, and shifting supply chains can all affect how quickly and cost-effectively businesses move money internationally. For companies managing international supplier payments, intercompany transfers, and contractor settlements, even small delays or unexpected fees can create operational pressure. It is especially true for high-value cross-border payments using SWIFT transfers, where routing, intermediary banks, and compliance
Business services
How to open a merchant account for startups: the 2026 strategy guide
Here’s something nobody tells you before you launch: getting paid for your product or service is sometimes harder than getting customers. You’ve built the product. You’ve got people interested. Then you try to set up a merchant account through a traditional bank, and suddenly you’re being asked for three years of audited financials, an in-person appointment at a branch that’s only open on Tuesdays, and a six-week underwriting review – for a business that’s been live for four months. The client’s side of the story is also complicated. A 2025 survey of merchants in the UK shows that payment method
Business services
Why multi-currency accounts and infrastructure are the secret to SaaS longevity
SaaS longevity is usually measured by churn reduction and lifetime value optimization. Simply put, these mean “do not lose customers” and “maximize profit per client”. However, a third pillar that determines long-term viability is financial infrastructure, and here’s why. FX risk and currency friction can silently erode revenue across collection, holding, conversion, and operational spending. In MillTech’s Q4 2025 Corporate Hedging Monitor (survey of 250 UK/US finance leaders), 80% reported losses from unhedged FX risk in 2025, averaging $9.85 million in the US and £6.71million in the UK. A software-as-a-service business usually operates globally, using the world’s most popular currencies.