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Find the best providers to send money to Paraguay

How to send money to Paraguay

Discover how to make a money transfer to Paraguay with the best PYG exchange rate in four easy steps

1. Check if the PYG exchange rate is at your advantage

Even though the currency market is unpredictable, it is a good idea to monitor it so that you can optimize how many the recipient will get. You can take advantage smart alerts to monitor the evolution of the mid-market.

2. Compare the 7 services available for transfers to Paraguay and select the best option.

There are 7 companies offering money transfer services to Paraguay, such as Azimo, WorldRemit, TransferWise, Western Union, Xendpay. Picking the right company from the list is a sure way to save on fees and exchange rate.

3. Select the best option for your needs

Pick money transfer service with the overall most competitive cost, the fastest solution, best customer ratings, or a good combination of the three.

It is also interesting to take into account the options to pay for the transfer and receive the money. Local bank transfer, debit and/or credit cards are the most common payment options to send money to Paraguay online. On the recipient's side in Paraguay, look at different options if you need the converted amount to be deposited on a local bank account or available for pick-up in cash at an agent location.

4. Sign up and start your transaction with the money transfer provider you selected

The last step is to sign up on the money transfer provider's homepage (you most of the time have to provide some documents to confirm your identity), and provide the details of your money transfer to Paraguay.

Best rated providers to send money to Paraguay

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