Finance

Opening a Merchant Account: Things You Should Know

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

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.


Looking to advertise? We will gladly help spread the word about your project, company, or service. CryptoMode produces high quality content for cryptocurrency companies. We have provided brand exposure for dozens of companies to date, and you can be one of them. All of our clients appreciate our value/pricing ratio. Contact us if you have any questions: contact@cryptomode.com

Marcin Dragunov

A freelance writer covering many topics.

Share
Published by
Marcin Dragunov

Recent Posts

The Number of Bitcoin Addresses Holding Over 0.01 BTC Hits A New All-Time High

While no one really enjoys seeing the bitcoin price fall, it does create an excellent…

10 hours ago

The ‘ETH In Mellieha’ NFT Changes The Concept of Using NFTs to Claim Asset Ownership

There are many types of non-fungible tokens to explore. Some favor the collections, whereas others…

13 hours ago

Crypto Community HeritageDAO Seeks to Acquire Korean National Treasures

Singapore, Singapore, 26th January, 2022, ChainwireThe sudden birth of HeritageDAO,$HDAO, was the response of the…

14 hours ago

Challenge Your Poker Skills with CryptoGames’ Video Poker!

When you think of Gambling, often a room full of serious gamblers sitting at a…

16 hours ago

Capitrade Launchpad Aims to Be the Pioneer of Luna Based Decentralized Fundraising Platform

Capitrade Launchpad operation level and mechanism ensures every tier level gets allocated. Capitrade Ventures has…

16 hours ago

MyCointainer Raises $6 Million in Seed Round to Develop Its Yield Earning Platform

Tallinn, Estonia, 26th January, 2022, ChainwireMyCointainer, a platform for easy yield staking, announced it has…

22 hours ago