Merchant Account in Genome

A merchant account is a type of business account required for eCommerce companies.

You cannot accept online payments and electronic transactions without a merchant bank account. If your store does not work with electronic money, but only with cash, you do not need to have a merchant account.

But let's say you decide that you need a merchant account. Which company to choose? We will offer you a Genome account. Why? Here are some of the benefits.

Benefits of Genome merchant account:

· Credit cards (VISA, MasterCard, DinersClub) and local payment methods can be used.

· Over 20 accepted currencies, including money used in Europe or the US (EUR, USD).

· The ability to create reports of varying complexity to track money transfers, chargebacks, and other financial operations in your online Genome account.

· Integrate with CMS and platforms like Shopify, PrestaShop, OXID, Magento, and others.

· No delays.

· No hidden fees.

· Oversee your online account and eWallet after financial operations from the control panel.

· Fast and safe security for your online connection.

· Create your own page style for the convenience of users.

· Test your page before making it public.

· Professional assistance for your merchant account in technical issues, setup, integration, and others.

· Easy access to features from the online account via the app or the website dashboard.

Types of Genome accounts

When you are an entrepreneur, you must know what a business account is. A business account is an account that is used for all business transactions (corporate services, travel, and suppliers, pay your employees, etc.).

A merchant account is a type of business account. A merchant account accepts money transactions. You cannot take cash from a merchant account. They will go to the main business account. How long? It depends on the bank you had chosen. A merchant account has some types:

1. Aggregate merchant account. This type is convenient for start-up businesses. This online account is used by several people - subcontractors. This type of account is characterized by a small commission.

2. Dedicated merchant account. In this case, you are the only user of the merchant account. You need to have an income threshold to open it. Creation and monthly usage fees apply.

3. High-risk merchant account. The third type does not depend on the income of your business, only on the industry if it is considered risky.

Choose Genome and be a successful businessman!