Industries
What is an ecommerce merchant account?
An ecommerce merchant account is a payment account that lets an ecommerce merchant accept online payments. They can settle funds from debit card payments/credit card payments, and other supported methods. An ecommerce business needs a merchant account to process transactions securely, reduce checkout friction, and build customer trust. A merchant account is used to accept payments and authorize transactions. Our ecommerce merchants get modern tools like hosted payment pages, instant bank payments, and instant payouts. They help you launch or scale faster while keeping your checkout compliant and efficient.
How Genome’s ecommerce merchant account works
Genome’s ecommerce merchant account simplifies how you accept and manage online payments with a streamlined setup, clear reporting, and tools designed for digital-first businesses. We offer instant bank payments, allowing ecommerce merchants to settle funds they accept instantly. Debit card and credit card payment processing is coming soon. Our merchant account is powered by hosted payment pages with easy setup. Unlike other merchant account providers that may require complex onboarding, Genome aims to keep the process unified and easier.
Why ecommerce businesses choose Genome
Genome provides secure payments, accountability and transparency for merchants. We offer ecommerce merchant services connected to a business Genome IBAN account to settle the funds directly. There are no settlement delays. Our instant bank payments enable customers to make purchases via Pay by Bank. It is an account-to-account (A2A) method that helps cut costs by avoiding card interchange and many scheme fees. Because customers authenticate in their banking app (SCA), it can reduce card-related fraud and chargeback exposure while delivering fast, confirmed payments.
Industries
What you get with Genome’s ecommerce merchant account opening
Choosing an ecommerce merchant account provider among many PSPs might be confusing for many, but Genome covers all the services the ecommerce business requires. Here’s what you get with Genome’s merchant account provider:
Pay by Bank (Open Banking) support
Expand beyond cards with Pay by Bank (Open Banking). Genome connects to 2,000 financial institutions across 27 European countries, enabling your ecommerce website to accept SEPA and SEPA Instant transfers. It is a speedy, cost-effective alternative to slow transfers.
Hosted payment page included
Get a hosted payment page as a website-ready checkout option, perfect for ecommerce. Customers pay online retailers via a secure redirect link, so you can start accepting payments quickly without building your own payment page infrastructure, while keeping the experience simple and secure.
Faster settlement times
Reduce waiting with faster settlement options to improve cash flow of your online store. We offer instant payouts, so client payments can be settled into your business account immediately for operational needs. This supports day-to-day spending and helps online businesses keep outgoing payments on schedule.
SEPA Instant Transfers
Let customers across Europe pay you via SEPA Instant/Credit bank transfers. Genome supports these as a core payment method for merchant accounts, helping you accept reliable EUR payments and reduce delays. Debit and credit card processing is to be introduced soon.
Dedicated IBANs
Start with a business wallet and business checking account in Genome as your gateway to merchant services. Your settlements can be transferred safely into that business account. It helps you process payments and keep incoming funds structured, easier to reconcile, and ready for payouts or expenses.
Multi-currency accounts
Accept payments and have them settled into your business bank account, then exchange funds between multi-currency accounts in EUR, USD, GBP, PLN, CHF, JPY, CAD, CZK, HUF, SEK, AUD, and DKK. You can manage cross-border payments and FX from one platform.
Industries
What do you need to look for in payment systems for ecommerce?
Look for payment systems for ecommerce that can offer transparency in communication and pricing, along with features and services frictionless enough for online shops. With Genome’s ecommerce merchant services and checkout pages, the customer experience is smooth without any disruptions. You can also monitor every single transaction in real-time and track the most specific information about the payment.
Industries
How to open a merchant account for an ecommerce business in Genome
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Protect your transactions with our safe ecommerce payment processing
As an online shop, it's crucial to protect clients' data and your assets. Our clients are safe with fraud prevention tools in place. Genome helps you secure your online business presence across your website and ecommerce platform, offering advanced risk controls tailored even for high-risk businesses. On top of that, Genome’s operations follow strict compliance standards, including GDPR, PSD2, and PCI DSS requirements, to keep sensitive payment and customer information protected.
Merchant services
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Do you have any questions regarding Genome?
Find answers here or contact us using the application form
Additional services
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.
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.
IBAN account
Dedicated IBAN account for your company for secured transfers and payments from licensed EMI.
Business online account
Fully functional business account: send and receive international payments, share access, schedule transfers.
What is a merchant account for ecommerce?
This is a type of account that allows merchants to accept credit/debit card transactions and alternative electronic payments on their website or ecommerce platforms for goods and services. If you sell online and need a merchant account, it acts as a secure buffer between your customers’ cards or business bank accounts and your business funds. This way, you can process credit card transactions and instant bank payments without handling sensitive data directly. Genome provides such accounts for ecommerce businesses across Europe, letting you accept payments via instant bank transfers today, with card processing coming soon in a secure, delay-free environment.
How can I get an ecommerce merchant account?
If you have a company and want to accept money for your goods and services online, you can apply for an ecommerce merchant account. With Genome, the onboarding process takes place completely online. You fill in details about your business, submit the required corporate and ownership documents, and provide basic information about your expected turnover. Once approved, you can start accepting payments on your website or platform and track everything from a single online dashboard.
Which ecommerce merchant account is the best?
It depends on your business model, industry, and growth plans. The right merchant account should be secure, reliable, easy to integrate with your checkout, and able to settle funds quickly to your business bank account. If you operate in more challenging verticals, you may also need a provider that can support a high-risk merchant account while keeping underwriting and monitoring requirements transparent. Genome offers fast online onboarding, essential tools for tracking payments and payouts, and smooth connectivity with modern payment processors. All within a PCI DSS, GDPR, and PSD2-compliant environment that uses anti-fraud tools for risk management and fraud prevention.
How much does an ecommerce merchant account cost?
Each bank or payment service provider sets its own pricing for account maintenance and payment processing. Costs typically include transaction fees on every payment processed and may also involve setup, monthly, chargeback, or refund-related charges, depending on the provider and your industry. You can review Genome’s pricing for all merchant services and monthly fees here, as well as additional fees for business wallet services.