merchant accounts
Business services
Benefits of a merchant account: Why online businesses need one
Running an online business is easier when payments are smooth and predictable. A merchant account connects your checkout, payment gateway, and payouts so you can get paid without friction. The benefits of a merchant account include better tracking, faster access to funds, and a more trusted checkout. Genome offers merchant services built for modern online businesses. Learn all about merchant accounts in this article! What is a merchant account? A merchant account is a type of business account that helps you take customer payments and receive the funds in an organized way. With a merchant account, money from a purchase
Business services
Fintech for the travel industry: A complete payments guide
The travel industry is now a high-volume, global business. It means that clients need flexible payment options with different currencies. The latest fintech innovations have become essential in creating secure transactions without delays, fraud, or high costs spoiling the customer payment experience. Why the travel industry needs fintech solutions The digital era has brought a variety of challenges for the travel sector. These include the following issues that each require new fintech travel solutions. The industry continues to grow With a high volume of global transactions, this is a fast-moving industry. Travelers want to book flights and hotels 24/7 from
Business services
What is a subscription merchant account? A complete guide
A subscription merchant account gives you a simple way to process recurring payments. It is a secure approach to receive subscription payments that boost your ongoing revenue streams without any extra effort. It helps businesses with a subscription model grow seamlessly without having to do more work to collect payments. Subscription management has become a major area, driven by the rise of recurring payment models across SaaS, digital services, streaming services, and other online platforms. We’ll be showing you how to support your subscription-based business model to keep the revenue flowing. What is a subscription merchant account? It
Business services
What is an instant bank payment? A complete guide for businesses
Do you like the idea of instant transactions, instant payments? If you’ve ever waited a day (or two) for a bank transfer to land, you already know why instant bank payments became such a big deal. Nobody wants to wait to transfer money or listen to “tomorrow morning” or “during regular business hours.” This is where instant bank payments come in. They allow money to move between bank accounts in seconds, giving companies and consumers a faster, safer, and cheaper way to get paid. If the instant payment system is such a big deal, why do many still choose to
Business services
What is Pay by Bank? A complete guide for businesses
Pay by Bank is an Open Banking-powered bank payment method. It allows customers to make an account-to-account payment without a debit or credit card. It means faster, smoother, and more secure payments. This payment method is becoming increasingly popular in the UK and the European Union. The simplicity and security of this easy payment process have led to many businesses replacing cards with Pay by Bank among their main payment solutions. What is Pay by Bank? This payment method allows customers to pay a business directly by sending digital payments from their bank account to the merchant’s account. There is
Business services
What is a hosted payment page? Everything businesses need to know
Suppose you’re running online stores, a SaaS platform, a marketplace, or any kind of business online, or want to reach new markets. In that case, you might be looking for ways to accept online payments that will not require advanced website development from your team. That’s exactly why hosted payment pages exist. A hosted payment page is one of the simplest and safest ways to handle online payments, reduce your PCI DSS compliance burden, and offer customers a clean, secure checkout experience. And yes – Genome provides hosted payment pages designed specifically for modern EU businesses. Find out more about
Security
What is merchant fraud prevention, and how does it work?
Online payment fraud has become one of the biggest worries in the digital payments age. It makes merchant fraud prevention a top concern for merchants worldwide. As well as financial loss, credit and debit card fraud also damages a business’s reputation and compliance status. Let’s define merchant fraud prevention and how it works. Discover how to prevent fraud and the best practices for dealing with suspicious transactions. What is merchant fraud prevention? Merchant fraud prevention covers the process and systems used to protect ecommerce transactions. It’s used to detect, stop, and mitigate fraudulent payment activities. The growth in the use
Business services
Merchant account for travel agency: what it is and why you need one
Getting the right merchant account for travel agency use is a crucial part of the travel industry. Reliable payment solutions are needed to handle large volumes of payments, both locally and internationally. A solid travel merchant account is the foundation for accepting online debit and credit card payments. It means these companies can accept payments from around the world seamlessly. We’ll be looking at what travel merchant accounts are, why they’re important, and how you can open one. What is a merchant account for travel agency use, and how does it help your online credit card processing? Find out in
Business services
Why are ecommerce merchant accounts considered high-risk?
A merchant account is a special bank account that has a single important role: to accept payments from customers via credit card or debit card payments. No expenses or taxation, like using a business bank account, just pure payment processing from clients. So, how could it be considered high-risk? Among payment processing providers, high-risk usually refers to certain industries that are considered high risk in terms of frequent chargebacks and fraud risk. In reality, any businesses or transactions that are more likely to result in financial loss for banks or a payment processor would be considered high-risk businesses. When a