For employers/clients: How do I send funds to my employee / contractor / freelancer?

For employers or clients:

The great thing about Parallax: you don't NEED to setup a Parallax account to send money!

You can send USD from platforms you already use such as your bank account or existing payment platform (such as Gusto), which we'll go through in this article.

We have examples below but roughly the same steps should be the same if you're sending an ACH or Wire transfer, whether you're using Wells Fargo, Chase, or any other US business bank account.

1. Receive your account details from your freelancer or contractor. 

   If you haven't gotten this from your freelancer or contractor, you can send them this FAQ for step by step instructions: https://parallaxlabshelp.zendesk.com/hc/en-us/articles/19229082184205-How-can-my-employer-or-client-send-me-money-through-my-Parallax-account 

2. Send money via your bank or existing payment platforms. Go to the part of your bank where you can input a recipient's payment details to send them money and input the recipient details.

   • Payment Method: ACH or Wire Transfer

     • ACH is usually faster, safer and costs less fees from your bank account.

   • Recipient Legal Name: "Account Holder Name" on the Parallax USD account details

   • Account Number: [Account Number] on the Parallax USD account details

   • Routing Number: [Routing Number] on the Parallax USD account details

   • Recipient Address: You can use the US "Bank address" on the Parallax USD account details

   • Account Type: Personal Checking

• •  

That's it! Should be all set. Should have trouble, email: [e-mail] and we'd be happy to help.

Example with Chase

1 - Transfer Money -> External accounts -> Add external account

2 - Add account manually

3 - Add account details

Example with Mercury

1 - Move Money -> Pay Someone

2 - Add Recipient Details

3 - Add Payment Details