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Parallax

Parallax

Parallax is a financial services platform for global work, enabling freelancers, remote workers, and businesses to send and receive money internationally. It supports personal and business accounts, allowing users to manage funds through features like receiving, depositing, sending, and withdrawing money in USD, EUR, or via card payments. The platform aims to make cross-border payments seamless, with a particular focus on transfers to Philippine banks, and provides support for onboarding and account security.
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Description

Parallax is a financial technology company providing services for freelancers, remote workers, and businesses across over 30 countries to make cross-border payments seamless. The platform supports both individual and business accounts, facilitating the sending, receiving, depositing, and withdrawing of money, with options for USD, EUR, or card payments. It offers specific guidance for transfers involving Philippine banks using InstaPay and PesoNet. Parallax emphasizes security through self-custodial wallets, and while it is not a bank, its deposit services are provided by FDIC-member partner banks. Its crypto services are handled by a certified US Money Service Business, though crypto assets are not FDIC-insured. The platform provides comprehensive support regarding pricing, security, and user onboarding.