Additional services
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Additional services
Send as much as you need with a money transfer API
Experience seamless transactions with Genome’s money transfer API. With our Live Genome Payout API Service, your payments will be frictionless even if a large amount of transactions are sent. It will be withdrawn from your business account. Send money via API and track all the transactions from the dashboard with real-time notifications.
Benefit from multifunctional money transfer API
Our API money transfers can be integrated with various accounting systems, allowing clients to do direct financial activities without logging into the Genome account. It also enables mass payouts, meaning you can send funds to many other accounts at the same time. Plan your payments— send money via API and schedule them directly in Genome, and never miss a deadline.
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Pay your employees and contractors via batch transfers
It’s easy to send and schedule mass payments to your staff, business partners, suppliers, etc., using API money transfers. You can find the detailed instructions and parameters of the payout request in Genome’s documentation— the "Payout via SEPA" section.
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What is an API money transfer?
With API money transfer, you can send money to another account using an application programming interface. As an electronic money institution, Genome has developed multiple APIs for our customers’ needs. This includes our payout API.
What you need to send API money transfers in Genome
The payments are carried out using SEPA services. Thus, to use API money transfers, you are required to know the beneficiary’s main payment details: their full name and an IBAN. Find all the fees for the transfers on Genome’s pricing page.
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Feel free to reach out to get payout API services
If you are interested in API money transfers, you first need to open a business account within Genome. Once you have done that, our support will guide you through setting up the process for a merchant account required for SEPA payout services. The onboarding for all our accounts is carried out online.
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Start a merchant account to access API money transfers
Open a merchant account to use the payout API. A Genome merchant account will also allow you to accept payments on your website for your products and services and easily integrate a payment gateway with it. We offer companies tools for fraud prevention, as well as merchant reports to track your progress. Send money via API and benefit from other Genome services!
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How to open a merchant account in Genome
Open account
Register at Genome and pass business verification.
After approval, fill in the merchant registration form and indicate the projected monthly volume.
Finish the process by uploading proof of domain and bank statements or a business plan.
That’s it! After approval, your account in Genome is ready to accept payments, and you can make API money transfers!
Need to send mass payments without a merchant account? No worries!
Money transfer API is not the only tool that allows you to make mass payments. In fact, you don’t need a merchant account to access this feature. Genome’s team has developed a batch transfer feature, which you can access after opening a business wallet. Learn how you can send up to 3000 transfers at a time below.
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Additional services
Explore other Genome services
The Genome team delivers services to multiple companies across industries. All they need to do is open a business wallet online and try for themselves. These are only some of the features you get:
Apply for additional multi-currency accounts
Start additional business accounts without any delays! Once you open a business wallet, you can add more business accounts inside of it with just a click of a mouse! You can open up to 5 accounts per currency— euros, British pounds, and US dollars. Store funds and make payments in preferred currencies.
Order virtual and physical cards online
Genome offers both virtual and physical card options to business wallet users. These debit Visa cards can be ordered online in just a couple of quick and simple steps! Use your physical cards for all types of payments. Pay with virtual cards online and contactless (Apple Pay, Google Pay, Garmin Pay-compatible).
Use money transfer options
The ability to transfer funds is crucial for businesses. This is why Genome provides SEPA transfers for fast and easy payments, which can easily be made or scheduled from the dashboard. There is also an instant internal transfer option for accounts that are registered inside Genome.
Enhance the security of your finances
Genome is licensed and supervised by the Bank of Lithuania. All log-ins, outgoing payments, and confirmation actions are protected by two-factor authentication. Business wallet clients can also get a Genome token— a separate device that allows the business wallet owner to additionally confirm every outgoing transaction.
Allow employees to manage the wallet
You don’t have to do everything yourself! Genome allows business wallet owners to add their employees to manage the wallet operations via the shared account feature. The process is secure, as the staff needs to register at Genome. You can assign employees different roles and limit them to specific financial operations, reports, etc.
Keep track of all your operations
Make your operational planning easier with Genome! Every transaction and financial operation is tracked inside your wallet, and you can access the extensive reports at any time! Not only that, but Genome uses instant notifications to inform you of all important happenings. And if you have any questions, our support team is always ready to help!
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Discover more Genome services for your business
Open a merchant account
Open multiple merchant accounts completely online and start accepting payments on your website within 72 hours.
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Unlock SWIFT and other international transfers
Business wallet users can access international transfers and send funds to partners and contractors around the world! SWIFT, BACS, CHAPS, Faster Payments, and TARGET2 payments are available.
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IBAN account
Dedicated IBAN account for your company for secured transfers and payments from licensed EMI.
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Business online account
Fully functional business account: send and receive international payments, share access, schedule transfers.
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