Doing business through eCommerce platforms has long been commonplace. And for more convenient trading, you need a payment system with the ability to integrate eCommerce platforms. That’s exactly what a business account (and a merchant one, of course!) on the Genome platform gives you. Let’s take a look at these opportunities.
The business account – what is it for?
What is important for a business built on sales? It’s a convenient and secure payment system. That’s exactly what Genome is. This online payment service provider is regulated by the Bank of Lithuania, so you don’t have to worry about the security of your transactions.
The convenience of use is disclosed when you register a business account.
Namely, it opens up these possibilities:
- You can start multiple merchant accounts – a service necessary to accept payments;
- Ability to use multiple IBANs and have eWallet with Genome Account;
- Transfer money templates;
- Advantageous exchange rates. The money received will be exchanged into USD, EUR, or GBP;
- Account statements and analytics;
- Real-time notifications. It is possible by using an app for Android or iOS.
All of these features make the online payment part of doing business much easier. The ability to convert currencies alone opens up huge opportunities for business account users that offer services in many countries. And this is where analytics capabilities come in handy because it’s necessary to keep track of every transaction. So having a Genome account will only benefit your business. However, how do you get an account?
How to get a business account?
There is nothing complicated about getting a business account on Genome. The procedure is not much different from opening a business account with any other payment system. Start by registering on the website. Choose “Business account” rather than “Personal account” in the first dialog box.
And then, you have to pass the user verification. It includes standard KYC procedure and verification of your business activity.
That’s the end of the registration. Apply for a merchant account to accept money for your services or goods.
Next, you’ll be able to flexibly set up your account. For instance, integrate online payment tools into eCommerce platforms, set up multi-currency accounts, transfer money to Genome account or external accounts in the EU, access transfers, and much more.
And, remarkably, business account users can also get a corporate virtual or physical debit card. It gives you another tool to manage your finances.
That’s the kind of benefits open to business owners who will start a business account on the Genome payment platform. It is very simple but brings incommensurable benefits.