Prex Paraguay review

The monthly fee on the prepaid account is UYU 0. That is the cost of keeping the card and the balance active, so there is no separate charge listed for holding it. Other costs such as currency conversion are not stated in the details we hold.

Prex Paraguay is regulated by the Banco Central del Uruguay, the central bank of Paraguay. The card runs on the mastercard network, so it can be used wherever Mastercard is accepted. A deposit protection scheme is not listed in the details we hold.

It is a prepaid card, listed as prepaid. You load money onto the account first and then spend it, so there is no credit line and no borrowing. That makes it a spending tool rather than a way to take on debt.

Yes. The listed features are multi-currency and crypto, so the same card covers several currencies and digital assets. That is useful if you receive or spend money in more than one currency and want it in the same place.

Support runs on chat and help centre, so you can start a chat or find answers in the help centre. There is no phone line listed, so a question that needs urgent help has to go through chat. The service is aimed at Paraguay, so expect Spanish rather than English support.

As a prepaid card, the account is funded before you spend, so you top up rather than pay later. The listed features cover multi-currency and crypto holdings. The details we hold do not name the top-up methods, so check the app for the ways you can add money.

It suits people in Paraguay who want a prepaid Mastercard for everyday spending and who hold several currencies or crypto. It does not suit readers who want credit, a loan or a deposit protection scheme. UK and European residents are better served by a card issued closer to home.