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Home News Finance Opening a Merchant Account: Things You Should Know
  • News
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Opening a Merchant Account: Things You Should Know

By
Marcin Dragunov
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November 23, 2021
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    CryptoMode Merchant Account Crypto Merchant

    Merchant Account can be opened in a traditional bank, but the number of rules and demands is quite appalling. If you do need it for business, try to open it via Genome account, which is an easily accessible and user-friendly online account.

    Why Do Companies Need a Merchant Account?

    Genome is an Electronic Money Institution, that aims to provide accessible, convenient, and fast financial service. Money and all transactions with them inside the system are well-protected from risks and frauds. Genome account will be suitable for small, medium and enterprise size companies because of the wide range of possibilities. 

    Merchant Account here has such benefits as:

    Accepting of credit cards and local payment methods

    Check out our weekly crypto and fintech newsletter here! Follow CryptoMode on Twitter, Youtube and TikTok for news updates!

    Your clients will be able to use their credit cards as well as other alternative payment methods. Moreover, more than 20 currencies are accepted.

    Reports and statistics

    Merchant Account is provided together with reports and in-depth analysis of your transactions.

    Integration with CMS, platforms and web sites

    Your online account will be easily integrated with Shopify, PrestaShop, OpenCart, OXID, WooCommerce, Magento, and Drupal, etc. On your website you can create customizable checkout pages.

    Benefits from direct payout

    All the payouts may be scheduled to reoccur: there are D+1, D+3, D+7 timing options. There will be no delays or some hidden fees.

    One of the best things is that you can test your Merchant Account. First explore the fully functional space, then fit it to your needs and start the great journey to the satisfactory financial system.

    How to Open Your Merchant Account?

    Merchant Account can be started by those who have a company for accepting of electronic payments. Banks in Europe and other countries provide different requirements for such an application. With Genome, you’ll be surprised by the simplicity, safety and swiftness of this process.

    You will need access to your phone, website of Genome and identification business documents. Everything are going to be done through your personal online account. It can be personal or business. The application itself proceeds as follows:

    1. Sign up to Genome and select the option ‘Business eWallet’.
    2. Read the instruction and follow it, filling in data about your company.
    3. Upload the scanned documents for identification of your business.

    Money can be operated via the account and eWallet both in USD and EUR. The opening of a merchant account is free. Keep in mind some Genome’s fees for accounts with low-risk and high-risk, which are applied when the account is used.


    None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.

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      Previous article“Pass The Baton” is The New NFT Project to Support Nonprofits For Social Justice
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      Marcin Dragunov
      A freelance writer covering many topics.

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