Benefits of Using Elevate Pay in the Philippines

Benefits of Elevate Pay in the Philippines
Benefits of Elevate Pay in the Philippines
Benefits of Elevate Pay in the Philippines
Mesan Ali

Jul 9, 2024

Jul 9, 2024

4 min read

4 min read

Since traditional banking systems are struggling to keep up with the evolving demands of the digital economy, a more modern solution is needed. Remote workers are taking a huge toll on their earnings paying hefty conversion fees and FX rates just to access their funds. 

This problem is more worrying for emerging markets like the Philippines where millions of freelancers have to face this. 

Elevate Pay brings you a solution tailored to the needs of the modern workforce. An innovative financial platform set to revolutionize how professionals in the Philippines receive and manage their international earnings.

Elevate Pay offers loads of benefits that can change how most remote professionals in the country manage their finances.

Benefits of Elevate Pay

Global USD Account

At the heart of Elevate Pay's offering is the Global USD Account, a game-changer for Filipino freelancers and remote workers. This account allows you to receive, hold, and manage US dollars. If you receive payments from international clients and companies, with Elevate Pay you can eliminate the need for complex currency conversions and reduce any associated fees. The Global USD Account acts as a bridge between international work and local financial needs, streamlining the process of getting paid.

Free Virtual Debit Card

Elevate Pay provides you with a free virtual debit card. This virtual card can be used for online purchases and transactions, allowing you to access funds easily. It's an ideal solution for remote workers in the Philippines who prefer to use digital payments for their daily lives and international transactions.

Save in USD

The ability to save in USD is a vital feature for many remote professionals who earn in USD. Currency fluctuations can significantly impact earnings when converting to Philippine Pesos. By offering the option to save in USD, Elevate Pay allows you to maintain the value of your earnings. This can be very useful if you are planning future expenses in USD or looking to protect your savings from local currency devaluation.

Free ACH Deposit

Elevate Pay facilitates free ACH deposits, making it easy for you to receive payments from US-based clients or employers. This feature eliminates international wire transfer fees, ensuring you have access to your earnings without any extra charges. This leads to a more predictable cash flow and fewer delays in receiving payment for your work.

Minimum FX Fee

While many traditional banks and payment platforms charge hefty fees for currency conversion, Elevate Pay offers minimal FX fees. This is to ensure that you retain the maximum of your earnings when converting USD to Philippine Pesos. The transparent and competitive FX rates provided by Elevate Pay make it an attractive option if you frequently deal with multiple currencies.

Free Deposit from Upwork

Recognizing the popularity of platforms like Upwork among Filipino freelancers, Elevate Pay offers free deposits from this freelancing website. This integration streamlines the payment process for Upwork users in the Philippines, allowing you to receive your earnings directly into your Elevate Pay account without additional fees. This feature demonstrates Elevate Pay's commitment to serving the specific needs of the freelance community in the Philippines.

Top Security

In an era where digital security is paramount, Elevate Pay prioritizes the protection of user data and funds. The platform employs state-of-the-art security measures, including encryption protocols, two-factor authentication, and biometric verification on the app. These robust security features ensure that you can transact with confidence, knowing that your financial information and assets are well-protected.

Easy Signup

Elevate Pay understands the value of time. Therefore, the platform offers a streamlined three-step signup process that can be completed quickly and easily. The user-friendly interface guides new users through the necessary steps, requiring minimal documentation while still adhering to regulatory requirements. This ease of access removes barriers to entry, making it simple for you to start benefiting from Elevate Pay's services.

24/7 Customer Support

Recognizing that financial needs don't adhere to traditional business hours, especially for a global user base, Elevate Pay provides round-the-clock customer support. This 24/7 availability ensures that you can get assistance whenever you need it, regardless of the time zone you work in. Expert support is always available if you have a question about a transaction, need help with account settings, or require guidance on using platform features.

Conclusion

Elevate Pay represents a significant step forward in financial services for the global workforce. By addressing the specific needs of remote workers, freelancers, and international professionals, it offers a comprehensive solution that combines the security of traditional banking with the flexibility and innovation required in the digital age.

As the gig economy grows and remote work becomes more prevalent, Elevate Pay will play an increasingly crucial role in empowering workers worldwide. By bridging the gap between traditional banking and the needs of the modern workforce, Elevate Pay is not just a financial tool but a catalyst for global professional empowerment.

© 2024 Elevate Pay. Bloom Financial Technologies Inc trading as Elevate Pay is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass through FDIC insurance coverage is subject to certain conditions.

© 2024 Elevate Pay. Bloom Financial Technologies Inc trading as Elevate Pay is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass through FDIC insurance coverage is subject to certain conditions.

© 2024 Elevate Pay. Bloom Financial Technologies Inc trading as Elevate Pay is a financial technology company, not an FDIC insured depository institution. Banking services provided by Bangor Savings Bank, Member FDIC. FDIC insurance coverage protects against the failure of an FDIC insured depository institution. Pass through FDIC insurance coverage is subject to certain conditions.