Batch transfers
Send batch transfers, accept C2B payments
Tired of handling individual transfers one by one? Genome simplifies the process with our batch transfers, allowing businesses to efficiently manage large-scale customer-to-business (C2B) and business-to-customer (B2C) transactions by processing multiple payments at once! Learn how to benefit from batch payments to the fullest and take your operations to a new level.
Batch transfers
Manage high volumes of transactions via batch transfers
Companies can efficiently streamline large-scale C2B2C transactions with Genome’s batch transfer feature. This method allows companies to handle multiple transactions simultaneously, whether accepting deposits via open banking platforms or processing payouts. Batch payments are especially valuable for industries where managing high volumes of deposits (C2B), withdrawals (B2C), and payouts in different currencies are critical to operations, like in iGaming, marketing, e-commerce, subscription services, travel industries, and more.
Get notified about clients' payments
C2B payments are easy to track - with Genome's advanced real-time notifications via API. Be aware of each pay-in a client makes in real-time. Try it for yourself - experience a transparent, up-to-the-minute view of incoming funds.
Batch transfers
There are two ways to send batch payments via Genome
Via Genome
Get access to the batch payout system to manage all the transfers efficiently. Upload or create a payment .CSV or .XML file ( examples included ) to make the batch transfer.
Use API
Use the payout API from our documentation page. Choose the Payout via SEPA tab for more information. Learn more about API payouts here.
Batch transfers
Easy deposits via banking platforms
By accepting deposits via open banking platforms, businesses can leverage direct bank transfers for a faster, more secure, and cost-effective payment process. Open banking allows customers to initiate payments directly from their bank accounts, reducing intermediaries and minimizing delays associated with traditional payment gateways. It results in quicker deposit times, improving the user experience and helping businesses maintain a steady cash flow.
Batch transfers are not the only essential tool we provide:
Multi-currency accounts
Open multi-currency accounts inside Genome right away. You can have up to 5 accounts per currency – EUR, USD, GBP, PLN, CHF, JPY, CAD, CZK, HUF, SEK, and AUD. You can have up to 5 accounts per currency and link accounts to Genome’s cards.
International transfers
Access international money transfers for your company. Use the SWIFT payment system to receive and send payments to over 40 countries in 11 different currencies and unlock other payment options, such as Faster Payments, CHAPS, BACS, and TARGET2.
Virtual and physical Visa cards
Genome provides businesses with virtual Visa cards, with the first 100 cards available for just €1 each. Perfect for corporate expenses, subscriptions, and media buying. Physical debit cards are also available for on-the-go, offline, and contactless payments.
Currency exchange
Genome offers online currency exchange with competitive fees - just 1% for EUR, USD, and GBP, and 2% for PLN, CHF, JPY, CAD, CZK, HUF, SEK, and AUD flat fee over the interbank rate. You will see how much money you will get as a result of an exchange right away.
Shared account feature
Allow your employees access to your business wallet in a secure and advanced way with a shared account feature! They will be able to manage your wallet alongside sharing the workload. Assign roles with various access levels and functionality, and edit the team list anytime.
App for business management
Manage and track your finances effortlessly with the Genome app, available for iOS and Android. Take the app with you wherever you go, and you will be able to oversee your business operations at all times, know when you receive payments, and manage accounts, transfers, balance, cards, etc. via the app!
Genome business
How to apply for a business account
Step 1
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Additional Services
Discover more Genome services for your business
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.
Corporate card
Card for your corporate and marketing expenses in slick black matte finish with additional security layer.
EU SEPA transfers
A better way to send or receive money if you live, work or run your business within the Eurozone.
Genome Business account
Fully functional business account: send and receive international payments, share access, schedule transfers.
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What is a batch transfer?
A batch transfer is a method of processing multiple payments together as a group rather than individually. This approach is commonly used by businesses to efficiently send payments in bulk to different countries and clients/partners. Genome's batch transfer feature allows you to send up to 3000 batch payments at once and has additional useful features.
What is the best way to transfer a large amount of money?
Sending huge sums of money from your bank accounts to different people and accounts is easy if you have access to batch transfers, which allow you to manage all the payments efficiently. Using Genome, you can make these batch payments via SEPA Credit and Instant Transfers, as well as Genome’s internal transfers. All you need is to start a business account within our electronic money institution. The onboarding is quick and takes place online.
Is there a limit to the amount of money you can transfer?
Some banks and payment service providers might have limitations as to how much funds can be sent via batches in the batch transfer. Genome has no limits when it comes to these transfers, just make sure you have enough funds in your dedicated IBAN business account. Using our batch transfer feature, you can send up to 3000 payments at once!
How long does it take to transfer a large amount of money?
Within Genome, the number and sum of batch transfers do not influence the time it takes to complete them, as all transfers are completely processed. If the batch payments are made via the SEPA Credit Transfers, it takes up to 4 hours or the next business day to complete these, depending on the time they are made. You should also take into account weekends and holidays. If the payment was made using SEPA Instant Transfers, it would reach the beneficiary's balance within seconds.
How do I get the best exchange rate for large amounts?
Banks and payment service providers generally have different exchange rates for money transfers, and you can find the best one by comparing them.
How do I automate incoming and outgoing payments?
Automation of incoming and outgoing payments, including specifying the recipient account, can be efficiently handled using the Genome API, which provides businesses with tools to streamline financial transactions.
What is the difference between batch transfer and wave transfer?
Batch transfers and wave transfers are quite similar, as they both deal with processing a large number of payments simultaneously. The main difference is that batch payments are usually processed at once during a scheduled time. The wave transfer process works in waves, taking a smaller number of payments to process, but doing so will result in quicker operations.