Best Wise Alternatives for Filipino Freelancers

Written by
Lou Zarcal
Published on
October 25, 2023
Best Wise Alternatives for Filipino Freelancers

Looking for an alternative payment platform as a Filipino freelancer, remote worker, or business owner? Here are the top Wise alternatives perfectly suited for anyone in the Philippines in 2023.

An overview of Wise as a payment platform

Wise offers an exceptional platform for money exchange and transfer. This widens the pool of Filipino remote workers who can send their hard-earned money home with reduced fees.

Wise stands out in terms of currency exchange given its competitive rates. Such features earned a positive review, paving the path for more users to leverage the bank's services. Wise offers a convenient app for monetary transactions, helping to bridge gaps in the business world. It's clear that Wise has revolutionized the concept of bank transfers and it is a key successor to TransferWise remittance. However,  recently Wise started being regulated as Wise Pilipinas, and customers have started complaining about their payments being locked or accounts being held for verification. This is why we’re all here, looking for Wise alternatives worth considering which we'll explore together in the rest of the article.  But if you can’t wait, here are the different Wise alternatives for freelancers, remote workers, and business owners in the Philippines today.

  • Paypal
  • Payoneer
  • Parallax

➡️ Looking for a Wise alternative? Learn how Parallax is helping freelancers, remote workers, and business in the Philippines

Understanding Wise and its Significance

As a remote worker, managing your money effectively is paramount. Wise understands this and offers a means to effortlessly send, transfer, and exchange money across several bank accounts globally. It has proven popular among Filipino remote workers due to its simple to use services that support personal financial workflows.

If you're taking the time to review Wise's features, you'll find they do more than just facilitate money transfer. Wise goes beyond being a regular money transfer service. It compares your bank and other exchange rates in real time, giving you the information you need to make wise decisions. Though Wise is not the only service out there, it has set a high bar. But before we go into the wise alternative let’s first look into what makes Wise significant, and survey potential alternatives offering similar features.

Why do Filipinos use Wise?

Besides the fact that they spend a ton of money promoting their platform, Wise made an innovative approach to handling money. With an account, you can send, transfer, and exchange currency all from the comfort of your personal space. The services are tailored to fit your needs, providing a seamless money transfer experience without the hefty bank fees. Yes, you read that right, you can send or transfer money without worrying about banking fees.

The amazing thing is, the time taken for these transactions is exceptionally short, thanks to the dedicated support team at Wise. Plus, their user-friendly app makes it all even more convenient. But as a Filipino remote worker, Wise may not be always the best option out there, and if you’ve experienced locked payments on your account or your account is held for verification, then it may be time to find an alternative to Wise. Not to mention that Wise usually doesn’t usually have the best exchange rates. Together, lets find the best alternatives to Wise.

Deep Dive into Wise's Main Competitors, the Alternatives to Wise

When we dive deep into Wise's main competitors, we find a range of alternatives to Wise that offer alternative services for business and money transfer endeavors. It's crucial to review Wise alternatives and compare their features carefully. Here are the few main competitors which can be the perfect Wise alternative for freelancers, remote workers, and business owners.


Wise vs.PayPal, which one is better? Paypal stands out as a prominent digital payment gateway facilitating online transfers across the globe. Many individuals and companies favor it due to its ease of use and widespread recognition.


  1. International Acclaim: Its global presence ensures that PayPal is a versatile choice for transacting with overseas clients.
  2. Safety Measures: PayPal underscores its commitment to user safety through rigorous buyer and seller protection measures.
  3. Ease of Use: A seamless interface, complemented by its mobile app, ensures that PayPal remains readily accessible to users.


  1. Elevated Charges: International transfers with PayPal come with substantial fees. For example, a receipt of $1,000 from a foreign client could lead to fees ranging from $29 to $59, contingent on the fund source and the beneficiary's location.
  2. Exchange Rate Disparities: Users might face less attractive conversion rates when managing different currencies on PayPal.
  3. Customer Support Concerns: Getting in touch with their support team can sometimes be a task, and the waiting period for responses can be lengthier than anticipated.


If you’re trying to make a comparison, Wise vs.Payoneer operates as a holistic financial service platform, dedicated to providing payment utilities and tools, emphasizing seamless international transactions for enterprises and independent professionals.


  1. Broad Accessibility: Payoneer's reach spans over 200 nations, ensuring it caters to a global audience.
  2. Multifaceted Offerings: Beyond just facilitating payments, Payoneer also delivers specialized services, including VAT solutions and programs that provide working capital.
  3. Diligent Customer Support: One of Payoneer's hallmarks is its attentive and efficient customer assistance.


  1. Significant Withdrawal Costs: Fees associated with ATM withdrawals and direct bank transfers can accumulate. For instance, extracting $500 at a local ATM might levy charges between $14 and $20.
  2. Exchange Rate Costs: Currency exchange on Payoneer might come with a premium, with conversion fees hovering between 2% and 3.5% typically.
  3. Dormancy Charges: Extended inactivity on one's account might incur specific fees, urging users to remain vigilant.


Parallax is a rising star in the world of online money transfers. It aims to provide a seamless experience while reducing fees, making it an excellent alternative to Wise. With Parallax, you can send and receive money internationally at a fraction of the cost charged by traditional methods. You can even withdraw your money to crypto! The platform offers transparent pricing, low exchange rates, and quick transfers.

➡️ Use a Wise alternative today and start converting your USD into PHP with Parallax today


  • Fast PHP Payouts: We don’t require account verification, so transferring to local banks, such as BPI or BDO, and e-wallets like Gcash or Paymaya, takes only a couple minutes. It’s also easy to raise any monthly withdrawal limits as seen fit.
  • Low Fees: Parallax maintains one of the lowest fees when it comes to money transfers, consistently staying below 1%, and going even lower over time.
  • Competitive Exchange Rates: Parallax offers exchange rates very close to the mid-market rate, minimizing hidden conversion costs. And sometimes, we even offer better exchange rates than the ones your find on Google!
  • Customer Support: Robust customer support, responding as quickly as possible! They won’t leave you for days without an answer.


  • Limited Receiving Accounts Details. At the moment, Parallax readily enables USD accounts, and will be adding other receiving accounts soon like EUR, AUD and more.

The Best Wise Alternative for Freelancers

In the hustle and bustle of freelancing, having a reliable money transfer tool can be very helpful. And when it comes to getting paid from your clients or employers, Parallax is the perfect payment platform built to help freelancers in the Philippines and across the globe.

Parallax goes beyond just replicating what's already out there. We’re set on crafting a distinctive and efficient international money transfer experience. And if you're wary of hidden costs or less-than-stellar exchange rates, we offer a breath of fresh air with its transparent fees and competitive rates.

What distinguishes Parallax in the freelance realm is its commitment to a hassle-free experience. Its rapid and seamless transaction process makes it a top choice, especially when dealing with international payments or invoicing clients worldwide.

The Best Wise Alternative for Remote Workers

In today's ever-evolving digital workspace, remote workers need tools that keep pace with their dynamic needs. Parallax is the perfect choice for remote workers as we understand the nuances of remote work and we do our best to cater to those specific demands. It's all about facilitating hassle-free, swift, and smooth financial transactions. Whether you're receiving your monthly salary, settling payments for a collaborative project, or handling any other cross-border financial activity, we ensure the process is as seamless as sipping your morning coffee.

Parallax is tailored specifically for the modern remote worker. If you've been on the lookout for a Wise alternative that truly resonates with the spirit of remote work, look no further. Parallax is not just an option; it's an upgrade.

The Best Wise Alternative for Business Owners

In the fast-paced world of business, owners are constantly on the lookout for tools that can help make operations seamless. And when it comes to financial transactions, both PayPal and Parallax are both great choices as top-tier alternatives to Wise.

Here's the breakdown: PayPal, a seasoned veteran in the online payment arena, offers widespread recognition and trustworthiness. Its global footprint and robust security measures are known to many. On the other hand, Parallax, the rising star, is making waves with its innovative approach, tailored specifically to meet modern business challenges. Its emphasis on swift, hassle-free, and seamless transactions resonates deeply with the entrepreneurial spirit.

Together, PayPal and Parallax provide different features, catering to both traditional and forward-thinking business needs. Whether you're running an established enterprise or a new startup, these platforms offer flexibility and reliability that's hard to match.

For business owners eyeing a Wise alternative that's both time-tested and cutting-edge, either PayPal or Parallax presents a compelling proposition. With these two, it's not just about choosing an alternative – it's about choosing excellence.

All You Need to Know To Find a Platform Like Wise

Navigating through different online payment platforms can be a challenging task, especially when you're searching for reliability, efficiency, and cost-effectiveness. While many platforms may say that they’re the next big thing, it's essential to find reliable information first and consider your specific needs, especially in the dynamic landscape of 2023.

After diving deep into various options, one platform stands out from the rest: Parallax. With our seamless user experience, competitive exchange rates, and tailored features for today's digital professionals, Parallax emerges as the better Wise alternative for Filipinos. Whether you're just starting on your remote work journey or are a seasoned professional, Parallax offers the perfect blend of modernity and functionality to make your financial transactions smoother than ever.

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