How to send money to Paraguay
Find out how to send money to Paraguay at the lowest cost with these 4 steps
1. See if the PYG mid-market rate is interesting
Even though the evolution of the currency market is unforseeable, it can help you save money to keep an eye on it so that you can optimize how many you get after the conversion. You should use smart alerts to check the PYG mid-market rate against your currency.
2. Compare the 8 companies available to send money to Paraguay in order to find the best one.
We compare quite a few money transfer companies to send money to Paraguay, such as TransferWise, Western Union, MoneyGram, Xendpay, Azimo. Sending money with the best provider from the list is a sure way to save on costs.
3. Pick the best money transfer company based on your criteria
What do you value the most? Price, speed of the transaction, number of customer ratings? Consider the pros and cons before selecting the provider.
It is also important to pay attention to the payment solution and pay-out options. Customers often have the possibility to pay by bank wire or by cards (credit or debit). On the recipient's side in Paraguay, you can decide if your want the amount in PYG to be sent directly to the recipient's bank account or available for pick-up in cash at an agent location.
4. Sign up and start your transaction to Paraguay with the company you selected
Go to the provider's homepage to sign up (you most of the time have to provide some ID documents to prove your identity), and set upyour transfer to Paraguay.