Freelancers, remote workers, and global entrepreneurs often face challenges when converting USD into their local currencies. Traditional banking systems and payment platforms introduce hurdles like high fees, long processing times, and poor exchange rates. These issues make it harder to access earnings efficiently, impacting financial stability and cash flow.
Parallax offers a modern, cost-effective solution that simplifies USD conversion, ensuring users get the most out of their hard-earned income.
Many traditional banks and payment platforms charge excessive fees for currency conversion.
Platforms like PayPal and Wise deduct a significant percentage per transaction, reducing the actual amount received.
Hidden fees in FX markups can further erode earnings.
Bank wire transfers can take several business days to complete, causing cash flow disruptions.
Payment holds and processing delays with platforms like PayPal make instant access to funds difficult.
Some services require additional verification steps, leading to further delays.
Many financial institutions set their own exchange rates, often lower than the mid-market rate.
The discrepancy between official rates and actual payout rates means freelancers and remote workers lose money on every transaction.
Some platforms only allow withdrawals to specific banks, limiting accessibility for freelancers in certain countries.
Users may need to use multiple services to move money efficiently, adding complexity and extra fees.
Parallax offers transparent and competitive rates, avoiding the high fees charged by traditional banks and payment processors.
Receiving USD payments is free for freelancers, while cash-out fees are under 1.5%—significantly lower than PayPal and other platforms.
Instant cash-outs are available for ARS, BRL, COP, IDR, MXN, and PHP.
No long waiting periods—freelancers can access their earnings when they need them.
Blockchain technology ensures speedier transactions compared to traditional banks.
Parallax offers exchange rates closer to the real mid-market rate.
Users get more value from their money when converting to their local currency.
Users can cash out in local currencies (ARS, BRL, COP, IDR, MXN, PHP) or choose stablecoins (USDC, USDT, DAI).
Payouts can be received directly in bank accounts or crypto wallets, giving freelancers more control over their finances.
Freelancers and remote workers no longer have to deal with high fees, slow transactions, and poor exchange rates. Parallax simplifies USD conversion, offering fast, low-cost, and reliable withdrawals in multiple currencies.
Q: How long does it take to withdraw from Parallax to my local currency?
A: Most withdrawals are processed instantly or within a few hours, depending on the currency and method.
Q: What are the fees for withdrawing from Parallax?
A: Parallax charges under 1.5% per transaction, significantly lower than PayPal and other competitors.
Q: Can I receive payments via card or bank transfer?
A: Yes! Parallax allows freelancers to receive payments via card (Visa, Mastercard), ACH, and wire transfers in USD.
Q: Does Parallax support stablecoin withdrawals?
A: Yes, users can withdraw in USDC, USDT, and DAI on Ethereum, Polygon, and Solana.
Q: Is Parallax available in my country?
A: Parallax currently supports users in Argentina, Brazil, Colombia, Indonesia, Mexico, and the Philippines for local currency cash-outs.
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