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Parallax VS Remitly

Compare Parallax VS Remitly and see what are their differences

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  4. » Alternatives

Parallax logo Parallax

Receive money as if you were abroad. Save big with best rates and lowest fees. Withdraw instantly.

Remitly logo Remitly

Send money online with Remitly faster with great exchange rates and low transfer fees. Special new customer offer! 100% Satisfaction Guarantee.
Not present
  • Remitly Landing page
    Landing page //
    2023-07-27

Parallax features and specs

No features have been listed yet.

Remitly features and specs

  • Ease of Use
    Remitly offers a user-friendly platform with an intuitive interface, making it easy for users to send money quickly and efficiently.
  • Multiple Delivery Options
    Remitly provides various delivery options including bank deposits, cash pickups, and mobile wallets, allowing recipients to choose the most convenient method.
  • Competitive Exchange Rates
    Remitly often provides competitive exchange rates compared to traditional banks, allowing users to get more value for their money.
  • Promotions and Offers
    New users can take advantage of special promotions, such as fee-free transfers or preferential exchange rates for a limited time.
  • Speed
    Remitly offers Express and Economy options, with express transfers delivering funds in minutes in many cases.

Possible disadvantages of Remitly

  • Transfer Fees
    While Remitly offers competitive rates, the fees can sometimes be higher than other options depending on the transfer method and destination.
  • Limited Sending Countries
    Remitly's services are not available in every country, which limits its usability for senders and recipients located outside of supported regions.
  • Exchange Rate Margins
    Despite competitive rates, Remitly still adds a margin to the exchange rate, which might be more costly than using a forex dedicated service.
  • Verification Process
    First-time users might need to go through a verification process, which can delay the initial transfer and may feel cumbersome for some.
  • Recipient Limitations
    Certain recipient options, such as mobile wallet transfers, may not be available in all regions, limiting flexibility for receivers.

Parallax videos

+ Add

Neural DSP Parallax Multiband Distortion Review - Demo

More videos:

  • Review - Neural DSP: Parallax Review! // The BEST Bass Plugin Ever Made!
  • Review - Storm Parallax | Ball Reviews With Verity

Remitly videos

+ Add

🔥 REMITLY: Is safe to TRANSFER MONEY? ⚠️ DISCOVER How Remitly Works

More videos:

  • Tutorial - Remitly Review: HOW TO SEND MONEY TO THE PHILIPPINES Using Remitly | Online Remittance
  • Review - REMITLY Review: Money Transfer to Your Loved Ones

Category Popularity

0-100% (relative to Parallax and Remitly)

Parallax

Remitly

Online Payments
13 13%
Online Payments
87% 87
Money Transfer
13 13%
Money Transfer
87% 87
International Money Transfers
13 13%
International Money Transfers
87% 87
Payments
100 100%
Payments
0% 0

User comments

Share your experience with using Parallax and Remitly. For example, how are they different and which one is better?
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Reviews

These are some of the external sources and on-site user reviews we've used to compare Parallax and Remitly

Parallax Reviews

6 Cheaper Payoneer Alternatives for Your Online Transcations
Parallax is an emerging platform that allows you to move money faster and cheaper, simplifying international money transfers when you need it. By opting for Parallax, you can significantly reduce your transfer costs while enjoying reliable service.
Source: www.withparallax.com

Remitly Reviews

6 Cheaper Payoneer Alternatives for Your Online Transcations
The standard fee for sending money to the Philippines would range between $0 to $4.99. Remitly charges 1% – 3% for their exchange rate.
Source: www.withparallax.com
Top 5 Payoneer Alternatives [2024]
With Remitly, you can transfer in 100+ currencies to more than 170 countries worldwide. They offer low to no transfer fees and fast transfers, and a money-back guarantee for late delivery. A cash pickup option is available in some countries.
Source: www.exiap.com
Top 7 Wise Alternatives
In terms of fees and exchange rate, Remitly is comparable to Wise (although we have found Wise to be slightly cheaper generally). However, Wise has a more transparent fee structure where you will see exactly the amount the receiver will get before you hit “send”.
Source: transumo.com
9 Best Payoneer Alternatives for Freelancers | 2022
You might also like the fact that Remitly provides multiple ways through which you can collect your cash including bank transfers, mobile wallet transfers, home delivery, and pick-up points. Notably, Remitly offers a guaranteed delivery which if money doesn’t get to the other party, your money is refunded.
Source: www.digitalgondola.com
5 Safe Money Transfer Alternatives to Wise
Similar to Wise, Remitly is a company that was born online and has grown rapidly. Unlike Wise, however, they specialise in sending smaller transfers amounts or remittances to countries in South America, Asia and Africa. Remitly offer to send your money "Express" which is faster, but comes with a higher fee or "Economy" which is cheaper, but can be slower. Like Wise, their...
Source: www.exiap.com

What are some alternatives?

When comparing Parallax and Remitly, you can also consider the following products

Revolut - The easiest, fastest way to save for your financial goals.

Wise - Currency exchange Banks and other providers could charge you up to 5% in hidden costs when sending ...

Remitbee - RemitBee is a worldwide money transfer and mobile money company specialized in online money transfer. Its a convenient and user friendly service in which customers can send money online using their web browsers, tablets and mobile phones.

FINSYNC - Business owners know that managing cash flow is critical, but complex. FINSYNC makes it simple. Save time and access the funds you need when you need them.

Airwallex - Airwallex offers international payments solution for businesses of all shapes and sizes.

Bill.com - Your financial operations platform. The intelligent way to create and pay bills, send invoices, manage expenses, control budgets, and access the credit your business needs to grow—all on one platform.

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