Security
How to prevent chargeback fraud: a step-by-step guide
Money and you
How much cash can you deposit: a complete guide
Money and you
Insufficient funds explained: causes, fees, and how to avoid them
Money and you
How much cash can I withdraw from an ATM: a complete guide
Business services
Raising capital for iGaming startups: a comprehensive guide
iGaming is part of the gaming industry that has undergone massive growth. It makes it an attractive area for startups to invest in. It’s vital that gaming startups raise capital to make a solid start with solid finances. But there are some common mistakes to be avoided. Find out how to secure funding to fuel rapid growth while avoiding any key issues that could harm the company’s future. Why iGaming startups need a solid fundraising strategy The iGaming industry offers the chance to create fast growth, but it requires substantial initial investment. A license is required, which gambling companies need
Security
How to prevent chargeback fraud: a step-by-step guide
Chargeback fraud occurs when a customer disputes a transaction on their bank card. They claim not to have received the goods or services they paid for, so they start the chargeback process to try and reclaim the money. But is it true or a fraud attempt? It’s crucial that businesses know what a fraudulent chargeback involves. We can then look at how to reduce the risk of being affected by this fraud and how to dispute chargebacks safely. What is chargeback fraud, and why does it happen Legitimate chargebacks happen when a customer disputes a payment they’ve made. It can
Money and you
How much cash can you deposit: a complete guide
Cash deposit limits are set on bank accounts to allow financial institutions to monitor any large or unusual transactions. It can help them to spot possible suspicious activity such as money laundering or tax evasion attempts. Find out how this type of deposit limit works and how the amounts vary. You’ll also see the importance of managing your large deposits effectively to avoid any of the potential issues we’ll be looking at. Understanding bank cash deposit limits The cash deposit limits placed on bank accounts are set by each bank based on the country’s financial regulations and guidelines. For instance,
Money and you
Insufficient funds explained: causes, fees, and how to avoid them
Insufficient funds (also known as non-sufficient funds or just NSF) is a term that refers to a situation when a bank account lacks the necessary balance to cover a transaction. Without enough money on credit or debit cards, payments bounce, which naturally leads to declined transactions. In this article, our team will explain the causes of insufficient funds and why you have to deal with associated fees. We will also provide practical strategies to avoid unfortunate situations of insufficient funds. What does insufficient funds mean Insufficient funds mean that your account balances don’t have enough money to cover a transaction.
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Casino payment methods: a comprehensive guide to secure transactions
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Understanding host-to-host payments in banking and host-to-host payment pages for merchants
Product news
Genome sets up sole proprietor accounts for Ukrainians to receive income
Business services
How much does it cost to start an online casino: costs and considerations
Money and you
Top-paying online casinos: your guide to high payouts
Discover the benefits of online financial servicesOpen account Looking for the top-paying online casinos to get the best possible chance of winning when you play? You are in luck, as our team will dive deeper into those high-payout casinos where you can play with a higher-than-average chance of claiming a cash win. Read on to find out how we have identified the best payout casinos and the top tips for maximizing your chances of winning the games you play. What is a top-paying online casino? Let’s start by considering what sets the best-paying online casinos apart from others. They look
Business services
Casino payment methods: a comprehensive guide to secure transactions
The payment diversity exists for a reason – it is a customer demand. Online gambling is one of the best examples of this demand for payment options. Take a look at Malta, a very popular place to register an online casino. According to the survey on online gambling customer payments distribution, in 2021, 40% of respondents preferred bank transfers, 34,7% – a credit or debit card, 13,2% – e-Wallets, and 12,1% – other options, like cryptocurrencies. So, the question stands: why do clients prefer such different options when using online casinos? Moreover, what are the benefits of these casino payment
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
Product news
Genome sets up sole proprietor accounts for Ukrainians to receive income
Earlier this year, Genome introduced a special initiative for Ukrainians – they can now start personal wallets within our platform for free and get discounts for many of our services. Since then, our team figured we needed to establish more features for Ukrainian people to use Genome more efficiently. Thus, we now offer sole proprietor accounts, using which Ukraine-registered individual entrepreneurs can receive income in euros. These accounts are free and as easy to open as the regular ones. Most importantly, you can access your account anytime – whether from Ukraine or abroad. You will be able to transfer money
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Best bank for new businesses: everything you need to know
Business services
How to attract investors for an iGaming business: a guide for 2025
Business services
Understanding TARGET2 payments: Europe’s centralized payment system
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Understanding batch payments: a comprehensive guide
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Raising capital for iGaming startups: a comprehensive guide
iGaming is part of the gaming industry that has undergone massive growth. It makes it an attractive area for startups to invest in. It’s vital that gaming startups raise capital to make a solid start with solid finances. But there are some common mistakes to be avoided. Find out how to secure funding to fuel rapid growth while avoiding any key issues that could harm the company’s future. Why iGaming startups need a solid fundraising strategy The iGaming industry offers the chance to create fast growth, but it requires substantial initial investment. A license is required, which gambling companies need
Business services
Best bank for new businesses: everything you need to know
Finding the best bank for new businesses is one of the significant challenges for any start-up or emerging small business. We’ll be looking at the main reasons you must be careful and thorough when choosing a business account. It will ensure that you get the right financial partner for growth that offers good financial management and transaction efficiency, among other benefits. Why it matters to pick the right business bank A business bank account must meet a small business’s needs to be effective. It means reasonable monthly fees, good customer service, and a range of business-focused products. Business banking services
Business services
How to attract investors for an iGaming business: a guide for 2025
The online gambling business is in good shape, a rapidly growing industry with an enormous 5,42% annual growth rate for 2025-2029, which is more than the expected GDP growth in many countries. Global iGaming market trends indicate it’s a worthy investing pool, and it provides many opportunities for rapid growth for iGaming businesses. In this article, our team explains how to attract investors for iGaming business companies, providing some tips on what you can do to succeed. Understanding the iGaming market landscape First and foremost, why is the iGaming market in such a good position? If we take a look
Business services
Understanding TARGET2 payments: Europe’s centralized payment system
SEPA transfers are not be-all-and-all when it comes to payments in euros. After all, you have another option – TARGET2. But what are these transfers exactly, and how do they work? Genome’s here to help you figure this out! Learn how TARGET2 payment transactions work and what their benefits are in the article below! What is TARGET2? Trans-European Automated Real-Time Gross Settlement Express Transfer, or the short and sweet TARGET2, is a payment system used by some of the EU banks to make cross-border payments in euros. It was implemented as a part of Eurosystem’s monetary policy to enhance the
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Genome x Gamingtec: making iGaming financial services accessible on one platform
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Support Ukraine: Genome introduces the resource for donations to Ukrainians
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All the grandest Genome updates – now in one place!
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Alternative payment methods: strength and challenges merchants should understand
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Genome reaches a milestone in security and personal data protection with ISO 27001 and 27701
When it comes to enhancing the security of the Genome platform, our team never stops. Our team is well aware of all the pitfalls when it comes to running and maintaining the safety of financial services, which is why we are always on top of the latest security-related solutions in the industry. And, the team is happy to see that our efforts in this field paid off! Genome is now ISO 27001 and ISO 27701 certified, meaning we apply effective security measures to protect our clients’ data up to the highest of industry standards. What is ISO 27001? ISO 27001
Company
Genome x Gamingtec: making iGaming financial services accessible on one platform
Having years of experience, the Genome’s team crossed paths with professionals from multiple industries. As such, we learn a lot about the needs of different companies and apply this knowledge to improve and tailor special financial solutions for them. We also partner with prominent companies that do the same to combine our efforts to deliver even better, more convenient services. And this is what Genome’s partnership with Gamingtec is all about, as it empowers the iGaming industry! Gamingtec provides B2B software solutions for the iGaming industry, offering diverse iGaming services for companies across the industry. Thanks to the partnership, all
Company
Support Ukraine: Genome introduces the resource for donations to Ukrainians
On February 24th, 2022, the lives of millions of people changed dramatically. For these millions of Ukrainians, their whole world turned upside down as Russia started a full-fledged invasion of Ukraine. Months later, the war continues, bringing devastation, destruction, and death. We hear of the horrors of war daily: both grownups and children have to abandon their homes, get separated, lose limbs, and perish due to Russian troops and shelling. Genome’s team feels incredible sorrow towards these people: based in Lithuania, we see Ukrainians as our dear and valuable friends, many of us have acquaintances, relatives, and loved ones in
Company
All the grandest Genome updates – now in one place!
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
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The importance of 2FA: why the biometric authentication is preferable to the SMS one
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Money transfers at Genome: options, fees, transfer execution times
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Genome cards, part two: card features
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Genome cards, part one: card order, limits, contactless payments
How to's
Genome expands with 4 more currencies – 11 total for your use! How to benefit from them?
In October 2024, Genome introduced Polish zloty (PLN), Swiss franc (CHF), Japanese yen (JPY), and Canadian dollar (CAD) as new currencies for your accounts and other services. Then we thought – why stop there? And thus, later on, we introduced 4 more new currencies: Czech koruna (CZK), Hungarian forint (HUF), Swedish krona (SEK), and Australian dollar (AUD). This brings the total number of currencies in which you can open an account to 11, including our originals: euro (EUR), US dollar (USD), and British pound (GBP). So, how can you use and benefit from all these currencies inside Genome? Let’s take
How to's
The importance of 2FA: why the biometric authentication is preferable to the SMS one
The article was updated on 18.09.2024 Did you know that Genome offers one of the quickest and most secure authentication methods for your log-ins – biometric authentication? To enable biometric authentication, you just need to: If you don’t have the Genome app, don’t worry. You can easily download it for free for your iOS or Android-based device, giving you instant access to its powerful security features. You might wonder – what is a big deal about additional authentication steps when managing finances online? Unfortunately, even with multiple advanced security solutions, the internet still remains a place where fraudulent scams and
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Money transfers at Genome: options, fees, transfer execution times
Article was last updated on May 8th, 2024 Money transfers are one of the first features you look for when choosing a financial provider. So, it was crucial for our team at Genome to design and offer you the most essential and convenient options for sending funds. Let’s go over our money-transferring services and answer your questions about our features. Where to find Genome’s transfers? You can access all Genome’s transfer options from the main dashboard. If you use the web version, the Transfers section will be in the left-side menu. And for the app users, the Transfers section is
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Genome cards, part two: card features
Not so long ago, the Genome team published a blog dedicated to our virtual and physical cards and contactless payment features. And, as promised, it’s time for part two of the topic. This time, we will focus more on the card features within Genome. Learn what you can do with your cards in this blog. Card activation Now, before using the card’s services, note that your virtual card is activated within 5 minutes after you order it. The same applies to your physical card if you want to use it for online payments. To activate your physical card for contactless
Money and you
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Insufficient funds explained: causes, fees, and how to avoid them
Money and you
How much cash can I withdraw from an ATM: a complete guide
Money and you
Currencies in Europe: what you need to know
Money and you
Samsung Wallet vs. Google Pay: which is right for you?
Money and you
How much cash can you deposit: a complete guide
Cash deposit limits are set on bank accounts to allow financial institutions to monitor any large or unusual transactions. It can help them to spot possible suspicious activity such as money laundering or tax evasion attempts. Find out how this type of deposit limit works and how the amounts vary. You’ll also see the importance of managing your large deposits effectively to avoid any of the potential issues we’ll be looking at. Understanding bank cash deposit limits The cash deposit limits placed on bank accounts are set by each bank based on the country’s financial regulations and guidelines. For instance,
Money and you
Insufficient funds explained: causes, fees, and how to avoid them
Insufficient funds (also known as non-sufficient funds or just NSF) is a term that refers to a situation when a bank account lacks the necessary balance to cover a transaction. Without enough money on credit or debit cards, payments bounce, which naturally leads to declined transactions. In this article, our team will explain the causes of insufficient funds and why you have to deal with associated fees. We will also provide practical strategies to avoid unfortunate situations of insufficient funds. What does insufficient funds mean Insufficient funds mean that your account balances don’t have enough money to cover a transaction.
Money and you
How much cash can I withdraw from an ATM: a complete guide
Daily limits are important when you need to withdraw cash from an ATM. These limits let you know what cash withdrawals you can make using a credit or debit card each day. The type of card and whether you’re at home or abroad are key factors in what size of cash withdrawal limits will be in force. Find out how to obtain cash from an ATM without any problems. Understanding daily ATM withdrawal limits for cash withdrawals A daily cash limit shows you how much you can take from ATM cash machines using a debit card or credit card. Banks
Money and you
Currencies in Europe: what you need to know
Europe is not all about euros! After all, countries maintain their own currencies, each with unique value and history. And sometimes, especially when you travel across Europe, knowing more about those currencies and having a way of quickly using them can save you a great deal of headaches. In this article, Genome’s team will review common currencies in Europe so that you’re always aware of currency exchange options when conducting business or just visiting Europe. Why Europe has multiple currencies The abundance of different currencies within Europe shows its complex history, national identities, and economic policies. These factors greatly contributed
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Real-time payment notifications for businesses: know about client transfers instantly!
Product news
Genome’s month in review: January 2025
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Genome’s top 5 news and updates in 2024
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Genome’s month in review: November 2024
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Genome’s month in review: February 2025
Say bye-bye to the winter season! It’s finally time for spring, flowers, and fresh beginnings! Genome ended winter strong, bringing you an exciting product update, some important news, and many useful articles! Read on to find out more! We are now ISO 27001 and ISO 27701 certified! Data security is something that doesn’t leave our team’s minds on any given day. We constantly work on improving every aspect of it. So, it is very rewarding to know that our efforts were recognized. Genome has achieved ISO 27001 and ISO 27701 certifications, underscoring our commitment to improving and perfecting information security
Product news
Real-time payment notifications for businesses: know about client transfers instantly!
Genome ended the year 2024 strong with a new exciting feature for our business wallet users, and we’re finally ready to unveil it! Introducing real-time notifications for incoming payments via API using webhooks. Thanks to the feature, you will learn about incoming payments instantly! The webhook messages are sent straight to URLs defined by your business. This service was tailor-made for industries like iGaming, marketing, e-commerce, retail, and others, helping you keep tabs on external payments like a pro. With it, you can finally say goodbye to unnecessary stress and hello to smoother operations, happier customers, and a whole lot
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Genome’s month in review: January 2025
Welcome to 2025! It might be hard to believe, but the first month of it is already over. Still, we hope your January was still festive but productive. It surely was for Genome, as we have new articles to share! Benefit from Genome’s new currencies to the fullest If you haven’t heard already, we’ve recently expanded our currency offerings, adding the Polish zloty (PLN), Swiss franc (CHF), Japanese yen (JPY), Canadian dollar (CAD), Czech koruna (CZK), Hungarian forint (HUF), Swedish krona (SEK), and Australian dollar (AUD) to our lineup. These new currencies, in addition to already available EUR, USD, and
Product news
Genome’s top 5 news and updates in 2024
As 2024 officially comes to an end, we wanted to reflect on the biggest changes and achievements the year has brought us. We invite you to take this journey with us – who knows, maybe there’s something you have missed! Getting acknowledged in our beloved Lithuania Although Genome provides services across dozens of European countries, there is always something special about our fellow Lithuanians enjoying our platform this much! Genome has achieved a significant milestone by becoming the 5th largest electronic money institution (EMI) in Lithuania in terms of client funds turnover, as reported by the Bank of Lithuania for
Security
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Security
Love is scammed: what is romance fraud
Security
What is loan fraud? When all participants risk being deceived
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What is an account takeover: how to protect your personal data
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Pharming scams: how to avoid them and protect your finances
Security
How to prevent chargeback fraud: a step-by-step guide
Chargeback fraud occurs when a customer disputes a transaction on their bank card. They claim not to have received the goods or services they paid for, so they start the chargeback process to try and reclaim the money. But is it true or a fraud attempt? It’s crucial that businesses know what a fraudulent chargeback involves. We can then look at how to reduce the risk of being affected by this fraud and how to dispute chargebacks safely. What is chargeback fraud, and why does it happen Legitimate chargebacks happen when a customer disputes a payment they’ve made. It can
Security
Love is scammed: what is romance fraud
Have you recently received any random messages professing eternal love for you? Well, don’t be in a rush to respond – this is likely a primitive romance scheme. But sometimes, this type of fraud is not so obvious. Let Genome help you figure it out. In this article, we uncover the meaning behind romance scams and explain how these can be avoided. What is a romance scam? Like in many other fraudulent cases, the criminal creates a fake identity and starts surfing dating sites or social media. There, the fraudster starts corresponding with people, trying to quickly establish a “romantic
Security
What is loan fraud? When all participants risk being deceived
Not all fraud types are created equally, so to speak. Some are decades old, others are very simplistic, and even those that require deeper knowledge of technology. Loan fraud also has some specific characteristics. Its complexity is mainly due to the types and involvement of different parties. But don’t let us at Genome get ahead of ourselves. Let’s take on the topic one step at a time to better understand the risks of loan fraud and how to prevent it. Loan fraud: definition of the term In general terms, loan fraud (sometimes called lending fraud) is a fraudulent activity when
Security
What is an account takeover: how to protect your personal data
The internet is too much sometimes: you answer emails, browse the web, scroll social media, get messages, and so on. All these can make you let your guard down, which is what scammers want. Especially when it comes to account takeover fraud. However, there are ways to prevent it, and Genome‘s team is ready to share our insights. What is an account takeover? An account takeover (ATO) occurs when a malicious actor gains unauthorized access to someone’s personal account, varying from social media to a banking app. After that, the scammer steals the individual’s money or personal information. How serious