Parallax: Money Transfer Service - Cheapest Way to Send Money to the Philippines from the United States (USA)

Written by
Lou Zarcal
Published on
June 26, 2024
Parallax: Money Transfer Service - Cheapest Way to Send Money to the Philippines from the United States (USA)

Sending money to the Philippines from the USA is a common necessity for many individuals supporting their families, friends, or business transactions. However, finding the most cost-effective and efficient method for someone to receive payments online can be challenging. With numerous money transfer services available, each with varying fees and exchange rates, it’s crucial to choose the right platform.

This blog post aims to demonstrate why Parallax is the cheapest and most reliable way to send money to the Philippines from the USA.

The Importance of Choosing the Right Money Transfer Service

With the rise of digital technology, sending money transfers online has become a convenient and popular option for many people. However, it's important to consider the associated costs and benefits of different online money transfer services. Factors such as transaction speed, security, and ease of use can vary significantly between providers. Choosing the right service can make a substantial difference in how quickly and safely your money reaches its destination.

Transferring money internationally involves various costs, including transaction fees, exchange rates, and hidden charges. These costs can add up, significantly reducing the amount your recipient receives. Therefore, selecting a service that offers low fees and favorable exchange rates is essential to maximize the value of your transfer.

Various Methods for Sending Money from the US

When considering how to send money to the Philippines from the USA, there are several options available, each with its own set of benefits and drawbacks. Here, we will explore the different ways to send money, helping you make an informed decision based on cost, speed, and convenience.

1. Bank Transfers

Bank transfers are a traditional method for sending money internationally. They are secure and reliable but often come with high fees and less favorable exchange rates. Additionally, the transfer time can be slower, sometimes taking several days for the funds to reach the recipient's account.

2. Money Transfer Services

Services like Western Union and MoneyGram are popular for their extensive networks and ability to send money to virtually any location. These services allow for both cash pickups and bank deposits, providing flexibility for the recipient. However, the fees can be substantial, especially for fast transfers, and the exchange rates may not be as competitive.

3. Online Payment Platforms

Platforms such as PayPal and Xoom (a PayPal service) provide convenient online money transfers. They are easy to use and offer quick transfers, but the fees can add up, and the exchange rates may be less favorable compared to other methods.

4. Mobile Wallets

Mobile wallets like GCash and PayMaya in the Philippines allow recipients to receive money directly on their phones. These wallets can be linked to bank accounts or used to pay bills and make purchases. While convenient for the recipient, the sender may still face significant fees and less competitive exchange rates.

5. Cryptocurrency

Cryptocurrency transfers using platforms like Bitcoin or Ethereum can offer low fees and fast transfer times. However, both the sender and receiver need to be familiar with using cryptocurrencies, and the value can fluctuate, adding an element of risk.

6. Parallax

Parallax, a payment processing platform based in the Philippines, stands out as the cheapest option to send money to the Philippines from the USA. It offers low transaction fees, competitive exchange rates, and fast processing times, ensuring that more of your money reaches its intended destination. Parallax also supports multiple payment methods, including bank transfers, e-wallets, and crypto wallets, providing flexibility and convenience for both the sender and the recipient.

Comparing Parallax Rates with Other Transfer Services in the USA

When sending money from the United States to the Philippines, finding the cheapest way is crucial for maximizing the amount your recipient receives. Various money transfer services offer different fees and exchange rates, which can significantly impact the total cost of your transfer. In this section, we will compare Parallax with other popular transfer services to highlight why Parallax is the most cost-effective option.

1. Parallax

Parallax stands out for its low transaction fees and competitive exchange rates. With a focus on transparency, Parallax ensures that users are aware of all costs upfront. Additionally, Parallax’s advanced technology and efficient processes result in faster transfer times, making it a reliable choice for sending money to the Philippines.

2. Western Union

Western Union is a well-known name in the money transfer industry. While it offers a broad network of physical locations for cash pickups, its fees and exchange rates can be less favorable compared to digital platforms. For example, a $500 transfer can incur fees ranging from $5 to $50 depending on the transfer speed and payment method.

3. MoneyGram

MoneyGram provides both online and offline transfer options. It is known for its quick service, but this speed comes at a cost. The fees and exchange rates can be quite high, particularly for fast transfers. A $500 transfer might cost around $10 to $40 in fees, with varying exchange rates.

4. PayPal

PayPal is another popular option, especially for those who already use it for other transactions. However, its fees for international transfers can be significant, including a percentage of the transfer amount plus a fixed fee. Additionally, PayPal’s exchange rates are often lower than those offered by specialized money transfer services.

5. Remitly

Remitly is a digital transfer service that offers different transfer speeds. While it provides competitive rates for economy transfers, its express service incurs higher fees. For instance, sending $500 can cost between $3.99 and $9.99, depending on the transfer speed and payment method.

6. Xoom

Xoom, a service by PayPal, offers fast transfers with transparent fees. However, like PayPal, its fees and exchange rates can be higher than those of competitors like Parallax. A $500 transfer might cost around $5 to $15, with variable exchange rates.

Why Parallax is the Cheapest Way to Send Money Online to the Philippines from the United States

Sending money to the Philippines is a critical task for many Filipinos living in the United States, as it allows them to support their families, invest in local businesses, and contribute to various community projects. Finding an affordable and reliable payment processing service is essential to ensure that the maximum amount of money reaches the intended recipients without excessive fees. Parallax stands out as the cheapest and most efficient way to send payment online from the United States to the Philippines for several reasons.

➡️ Click here to sign-up for your free Parallax account today

✅ Low Fees: Parallax prides itself on offering some of the lowest fees in the market. This affordability ensures that more of your hard-earned money reaches your recipient in the Philippines.

✅ Competitive Exchange Rates: Parallax provides competitive exchange rates, often better than those offered by traditional banks and other transfer services. This means you get more Philippine Pesos for your US Dollars.

✅ Transparency: With Parallax, there are no hidden fees. All costs are disclosed upfront, allowing you to know exactly how much your recipient will receive.

✅ Fast Transfers: Parallax leverages advanced technology to ensure fast and secure transfers. This efficiency not only saves time but also provides peace of mind, knowing that your money will arrive quickly.

✅ Security: Parallax uses top-notch security measures, including encryption and multi-factor authentication, to protect your financial information and ensure that your money reaches its destination safely.

How to Send Money Using Parallax

Step 1: Sign Up for a Free Account

Visit and click on the "Sign Up" button. The registration process is quick and straightforward, taking only 10 seconds to complete. Simply enter your email address and create a password to get started.

Step 2: Complete All Necessary Requirements

After signing up, you'll need to complete your profile to ensure your account is secure and ready for transactions. This process takes approximately 3 minutes and includes:

  • Personal Details: Enter your name, address, and contact information.
  • Updated Selfie: Take a clear, recent selfie using your device's camera.
  • Government ID: Upload a photo of your government-issued ID. Note that scans are not allowed; you must take a clear photo.

Step 3: Set Up Security Features

To enhance the security of your account, choose a PIN and complete the Security File requirements. This step takes about 1 minute and ensures your account is protected from unauthorized access.

Step 4: Link Your Local Bank Account, E-Wallet, or Crypto Wallet

To receive your payments, link your Parallax account to your local bank account, e-wallet, or crypto wallet. Navigate to the "Banking" or "Payment Methods" section of your Parallax dashboard and enter the necessary details, including the account number and bank name. Parallax supports various local banks and e-wallets in the Philippines and Argentina, providing flexibility in how you access your funds.

Step 5: Invoice Your Clients

With your account set up and linked to your preferred payment method, you can start invoicing your clients. Use Parallax’s invoicing tool to create professional invoices, customizing them with your branding and payment terms. Make sure your clients are aware that you prefer to receive payments through Parallax.

Step 6: Transfer Funds to Your Bank or E-Wallet

Once your clients pay the invoice, the funds will be transferred to your Parallax account. You will receive a notification upon payment receipt. To access your money, transfer the funds from your Parallax account to your linked bank account, e-wallet, or crypto wallet. Go to the "Withdraw" section in your Parallax dashboard, select the amount to transfer, and confirm the transaction.

Step 7: Track Your Earnings

Parallax offers a comprehensive tracking system that allows you to monitor your transactions. You can view the status of your invoices, payments received, and funds transferred. This feature helps you keep track of your earnings and ensures that you are always aware of your financial status.

➡️ Click here to sign-up for your free Parallax account today

Send Money Online with Parallax

Sending money to the Philippines from the USA doesn't have to be expensive or complicated. With Parallax, you can enjoy low fees, competitive exchange rates, and fast, secure transfers. By choosing Parallax, you ensure that more of your hard-earned money reaches your loved ones or business partners in the Philippines. Visit today to start making cost-effective and efficient international transfers.

Whether you are a Filipino supporting your family back home or a businessperson managing international transactions, Parallax offers the most reliable and affordable solution. By leveraging advanced technology and prioritizing customer satisfaction, Parallax bridges the gap between the United States and the Philippines, making online payments to you seamless and secure. Choose Parallax for your money transfer needs and experience the peace of mind that comes with knowing your money is in safe hands and reaches its destination quickly.

➡️ Click here to sign-up for your free Parallax account today

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