merchant services
Business services
Business bank accounts for restaurant owners: how to choose one
A business bank account is a must for any company that offers products, merchandise, and services to customers. However, there’s no one-size-fits-all solution. Meaning that the needs of companies may vary drastically when it comes to financial services. While e-commerce websites won’t need much in terms of banking solutions, restaurant owners will face quite a different experience. That’s why today, Genome’s team decided to explain the intricacies of getting a restaurant bank account. In this article, restaurant owners can learn what their business needs to run the financial side of it. Types of bank accounts for restaurant owners Generally, as
Business services
What is a cross-border fee: a guide for merchants
Let’s be clear: merchants have to deal with a lot. Not only the customers’ demands are high, but the management of financial operations can be exhausting as well. Not to mention all the service fees merchants need to take care of. Speaking of, do you know enough about cross-border fees? If not, you will – thanks to Genome’s article. Today our team explains what a cross-border fee is, their types, and how companies should deal with cross-border processing fees. Cross-border fee: meaning of the term A cross-border fee is a common thing that occurs during cross-border transactions. For instance, when
Business services
Payment methods for small businesses: the most popular options
The sheer number of businesses and services they provide forces customers to be more picky and critical. As a result, companies are under constant pressure – they need to ensure every part of their business operations is on par with high expectations. Payment methods are no exception. In today’s article, Genome lists some of the best payment methods for small businesses, along with contactless payment options. Read on to find out more about small business payment options. What are different payment methods for businesses? Before answering this question, let’s first dissect what the term itself means. A payment method refers
Business services
Payment processing for business: what to know
If you have a company, step one in our financial activity will be opening a business account. After all, you need it for main banking activities, such as sending and receiving funds, ordering debit and credit cards, etc. But what about step two? Well, if you sell goods and/or services, this step will be getting a merchant account. But before you do, you also need to know the basics of merchant processing and processing systems. Find out all the necessary information about payment processing in this Genome article. Payment processing as a part of payment systems for business There are
Business services
How to choose a payment gateway: a comprehensive guide
There are many aspects to financial services for companies that sell their goods or services. One such thing is a payment gateway. Unfortunately, only a few merchants dive into the nitty-gritty of how the right payment gateway can improve your conversions. Genome is here to fix that! In this article, our team will explain how to choose a payment gateway for your e-commerce store and other types of business. We will also uncover the difference between payment gateways and payment processors, as some people consider them the same thing. What is a payment gateway? Before learning how to choose the
Business services
Understanding host-to-host payments in banking and host-to-host payment pages for merchants
When it comes to banking, the number of components it consists of is staggering. And while some of these components, such as bank accounts, credit cards, and wire transfers, are well known, others, like host-to-host payments, are obscure. Today, Genome will describe how host-to-host payments work, as well as explain what host-to-host payment pages are. Host-to-host payments meaning in banking In the modern financial world, the host-to-host term (H2H for short) mainly refers to host-to-host payments and host-to-host payment pages. The former can often be found when corporate financial operations are mentioned, while the latter is a type of merchant
Business services
Bank account for e-commerce businesses – how to choose the right one
Due to the growing popularity of online shopping, the e-commerce industry has become a playfield of ferocious competition. That’s why such companies must ensure they have the most advanced tools and services the financial sphere can provide, including bank accounts. In this article, Genome’s team explains how to pick the best business bank account for e-commerce and how to use it. The basis of e-commerce bank accounts So, if you are about to start a company that will delve into e-commerce, you probably wonder, “do I need a bank account for e-commerce business?”. Yes, you absolutely do. As with any
Business services
Payment methods in Germany: notes for merchants
When you sell products and services, you need to know your client base. It includes research on what payment methods they prefer. And, as it is an extensive topic, we will get to it country by country. So today, Genome takes a look at the most used payment methods in Germany so merchants know what to expect from their customers in this market. What is a payment method? Before discussing the popular payment methods in Germany, let’s first dissect the term. It is a payment option a client chooses to purchase goods or services either in-person or online. There are
Business services
Payment methods for Shopify CMS and its Genome integration
Here we go again! That’s right, our team continues talking about some of the most versatile and sophisticated platforms for the eCommerce industry. This time, Shopify is at the center of attention! This article will explain why this CMS is so popular, which payment methods it offers, and how its integration with Genome works. How to receive money as an eCommerce business? For years, the eCommerce market has been growing and offering more opportunities to businesses of any kind. And now, as the number of online users increases and people is more accustomed to making purchases via the internet, the time is right to