š§³ Quick Guide: Meru for Expats in Paraguay
What it is (Meru) Fintech that gives you a U.S. bank account, virtual/physical cards, and support for global payments (PayPal, UpWork, Stripe, YouTube). ā
Pros - Hold money in USD (avoid PYG inflation). - Get paid like in the U.S. (ACH, wire, SEPA). - Cards to spend online/in stores. - Free Meru-to-Meru transfers. - Crypto-friendly deposits. ā ļø Cons - $20 fee for wires; ACH is slow. - Extra checks if inflows > $2,000. - Cards not live everywhere yet. - Support & tech issues reported. - Doesnāt replace a local PYG bank. š Requirements - Apply online with passport/ID + proof of address. - No minimum balance. š” Tips - Use as a USD receiver, not your only bank. - Pair with a local Paraguayan account for bills. - Keep a backup card (e.g., Schwab). ⨠Bottom LineMeru is a handy USD bridge for freelancers and digital workers in Paraguay. Useful, but treat it as a secondary tool. Full article here: Complete guide Meru