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.
