Click here . But stay positive and make steps forward each day! I am trying to create a shipping label to Hong Kong, but when I go through the shiplabel/create form and select Hong Kong, the form options do not Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. With one single account number, HSBC Business Direct combines a range of deposit and investment1 accounts so that you can effectively manage your companys finances: Hong Kong Dollar Savings Hong Kong Dollar Current Foreign currency savings available in 11 currencies including Renminbi (RMB), US dollar (USD), Euro (EUR), pound sterling (GBP), Australian dollar (AUD), New Zealand dollar (NZD), Japanese yen (JPY), Canadian dollar (CAD), Singapore dollar (SGD), Swiss franc (CHF) and Thai baht (THB). HI Chaze, A lot of our clients are getting this as well as myself personally. Hey Roger, They always wanted residential address proof in HK but lately have been more strict about it. Can our Hong Kong Company register a bank account in the United States, is this a feasible option to get around this problem? This is so you only need to convert the funds once. Rarely company address information.4. Consumer Advisory - PayPal Hong Kong SAR, China Limited is a licensed issuer of a stored value facility regulated by the Hong Kong SAR, China Monetary Authority under Licence NumBer: SVF0008. Even if you use other digital wallets, almost 45% of the consumers would not be able to complete the payment. PayPal is a nightmare, my best advise is to stay away from it. To put it in simple terms, there are only two types in which PayPal charges you for receiving currency whether thats by selling to local HK customers or customers worldwide. Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe, The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos, Neat HK: A Solution for the Hong Kong Banking Nightmare? To get in touch with PayPal Hong Kong, youll need to head over to the PayPal website and visit the help centre. You can make a payment through PayPal online or using the PayPal app. If you need to reach us, simply click Help on any PayPal page. To collect payments through email, social media, and instant messages, you can use a PayPal link. We have a Remittance Partner Recommendation. Any thoughts Id love to hear them!From Dan. All the lines are busy at the moment, please try again in a moment. Room 1506-07, 15/F, Central Plaza Since they're. Of course, based on whatever currency you are relying on the fixed fees are different. But after several attempts of negotiation, we surrender. Contact PayPal for answers to all of your online payment questions or to sign up for our services! You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. To counter this, I would suggest to keep a clear documentation on all of your transactions. I have a local Hong Kong Paypal account. Someone asked me and its true you dont see too clearly your own profile. kq bong da nam,cch kim tin v paypal,xs kien thiet mien trung. This guide walks through how to use GCash from Hong Kong. To get started, open, click, and follow the links in that same message. We are offering Paypal Full Verified USA Paccount With All docoments We will give you Vitural Bank Account VCC USA Number USA Paid Ip Google voice account Gmail account Paypal Account We also selling ebay account and if you need walmart any product you will give you 15% discount No Tex. Life time support - waqarshakeel .stars, .rr_star { So like many commenters below, it is scary! Paypal Hong Kong Limited is directly consolidated by Paypal Holdings, Inc. Before you send an international payment with PayPal, make sure you understand the costs involved. Strap on your seat belts, this is going to be fun! This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. how can I get around this. Request a call back from our sales experts today. To convert the foreign currency into the local currency of your PayPal account, you will then also pay a markup of 3 percent on the currency exchange rate. From setup, to banking, credit cards, merchant accounts, cash flow, upkeep, operations, and more! Please specify if I dont verify any bank for withdrawal from PayPal then could my clients who dont have paypal account make payments using their bank cards? Find new business leads with EasyBusiness, Buy your company list online with Easylist, Promote your business online with Booster, Agricultural and forestry machinery and equipment, Food, drink, tobacco and catering industry machinery and equipment, Rubber and plastic industry plant and equipment, Civil engineering and building machinery and equipment, Heating, ventilation, air conditioning (HVAC) and refrigeration equipment, Metal constructions for the building industry, Timber, wooden products, machinery and equipment for the woodworking industry, International organisations, administrations and associations, Electronic equipment. The way around this is if you put your prices for your products or services in Hong Kong dollars instead of US dollars. Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? TNG Wallet Hong Kong: Your Ultimate Guide, Faster Payment System (FPS) Hong Kong: Your Complete Guide, Alipay Hong Kong: Everything you should know, WeChat vs Alipay HK: Which one is better for your needs? To deal with oversea customers, Paypal charge as high as 4.4% down to 3.4% plus a fixed fee based on the currency received. A question I received from a reader was they are moving to USA and doing business there, but after many years with a Hong Kong Paypal with subscriptions, they are asking me if you can transfer the Paypal HK to a US based account. If you find out otherwise please let me know. Signing up is pretty straight forward like any other Paypal in the world. Wise is the trading name of TransferWise Limited, which is licensed in Hong Kong as a Money Service Operator by the Customs and Excise Department, licence number: 15-01-01584. This guide walks through all you need to know about receiving PayPal money transfers, and also highlights a smart alternative if youre getting paid from overseas - Wise. Paypal, on the other hand, charges by tier rate from 3.9% down to 2.9% + HK$2.35 for local currency transaction in Hong Kong. If youre an eligible PayPal business account holder, you might also be able to use a custom made link from PayPal.me to take payments using social media, SMS or email. Just log in to PayPal, go to yourMessage Centerand choose New Message., To contact us on Facebook, go to facebook.com/PayPalUSA, To contact us on Twitter, go to @AskPayPal, Well use cookies to improve and customize your experience if you continue to browse. In the meantime, you can still open and operate with a Paypal HK account. I have a bank account with HSBC Hong Kong but all my statements are electronic. The past year and change has been a lot of challenges for all of us. Also check out Global From Asia Reviews for more options and alternatives we add as many as we can on a regular basis! Please also update the address on your Proof of business address document to the account. Check if you had a subscription set up.Click on the profile tab (icon next to log out) > Click on payments third option along on the thick blue band top of page > "manage pre-approved payments. Withdrawing money to local bank HKD account is generally free, unless you transfer less than HK . PayPal Inc - Company Profile and News - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately. Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. Youre right. I am temping for a company based in UK for an ad-hoc job. My question is, i m planning to open with paypal HK, will they lock my account too if they "think" it is suspicious, and the charging rate is also a lot higher in HK compare to US, it is almost 4%-5%. like 3% ish total? Posted on. The data we collect are only those necessary for the proper use of our service. Whether you are local or global, we are here to support you. Why this number ? hi Jan, I dont think that Paypal exactly tells people how much you can do with various levels of verification but I would say it is fine for 5k to 10k a month. Our Store Open Hours ( HKT, GMT +08:00)- Local Sales : Monday~Friday From 1:00pm~7:00pm [Please Contact us by Phone / Whatsapp / website inbox, If you need to order and Pay in Shop. They supposedly sell virus software (which I have never had.) Check it out! Businesses need to receive money from customers, as almost everyone around the globe has an account with them. He hasnt seen the site asking for the fee, and saw that they havent implemented it (yet) lets keep up on the pulse let us know. Is it possible to do that with a Hong Kong PayPal account? The name of the sender is supposed to match the name of the Paypal account holder. There is a processing fee, which is a percentage of the sales amount, and a minor currency-based fixed fee. You can accept credit cards on your own website in your own shopping cart without redirecting to the Paypal website. Jul-08-2020 04:37 AM. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. Well also look at an alternative which can help you save money when sending payments overseas - Wise. My question is, i m planning to open with paypal HK, will they lock my account too if they "think" it is suspicious, and the charging rate is also a lot higher in HK compare to US, it is almost 4%-5%. Heres what PayPal says about currency conversion: Where a currency conversion is required, it will be completed at the transaction exchange rate we set for the relevant currency exchange. These charges apply to personal and commercial PayPal accounts, and are applied whenever currency conversion happens, including when you withdraw funds to your own bank account or switch currencies within your PayPal account. Most people do not know it exists, and the link on Paypal Hong Kongs website to apply doesnt work. The payments will though, be a slight bit higher for U.S. accounts. It is not intended to amount to advice on which you should rely. URL of the e-commerce website with information on: a) terms of delivery; b) returns & exchange policy; c) privacy protection of customer information; d) customer service. It is availble on transactions between AU$30, and $1,500 and can impact a . Shopping online has never been this easy. This ultimate guide runs through all you need to get started paying in and out of your Alipay HK wallet. Cant get farther response from Pp.. The trick is, to getting it verified to withdraw the money to a bank account. Consumer Advisory - PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under Licence Number: SVF0008. Users in Hong Kong are advised to read the terms and conditions carefully.Paypal Compliance. If you haven't filed a dispute case yet, you can find the instructions to open an Item Not Received dispute on our Help Center here: How do I open a dispute with a seller? Thank you so much Michael, that helps. Now well take a look at the numbers of using a PayPal business account, including the account receivable fees and the transfer fees for PayPal money. Its worth noting that there are fees to pay when sending money to friends and family abroad with PayPal. How is your experience using Paypal in the Hong Kong business market? If you need to send or receive an international payment online you could be better off using a specialist service like Wise. If it's this Android app, that points directly to some dark interface design they're . irate user about withdrawing USD. As we know, getting a bank account in Hong Kong has been troublesome. Topup from paypal account should be no problem. Is it OK if we also use cookies to show you personalized ads? Just saw it in my account (see attached). 6. Request a call back from our sales experts today. Life time support, The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe), The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe), latest podcasts on Paypal and other merchant accounts on the site here, Using HK for your Affiliate Marketing Business, https://www.globalfromasia.com/cross-border-payments/. Another Option To Send Transfers Within Asia. Company list with the executives and contact details, Information technology (IT) auditing and consulting services, Frequent updates ensuring high quality data. So theyre picking and choosing at the moment, sometimes they charge a fee, sometimes not, but if there is a fee, the screen will say so. To receive money on PayPal, youll first need an active PayPal account. Consumer Advisory PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under License Number: SVF0008. How do I enable PayPal Zettle customer lists? Today well talk about using Paypal in Hong Kong. So, I contacted them saying that I wasnt quoted a fee for my withdrawal, and that I dont appear to have been charged, and asking would there be a charge later on. Lets talk about a few options: One solution in this situation is to set the primary currency of your PayPal account to HKD, the same currency as your bank account. Were still unable to complete the review process of your account at this time. Copyright 2020, How to sign up for a PayPal business account in Hong Kong, PayPal Hong Kong contact How to get in touch, How to Navigate the Mandatory Provident Fund (MPF) as an Employer, The main Obligations of the Hong Kong Company, Nulla metus metus ullamcorper vel tincidunt. Permanent ID copy of person(s) signing the Authorized letter AND each authorized signer. Find out how to register, send and and receive money via FPS. Can anyone help me identify who these people are and why they are trying to take money from me monthly? Here you can work through self help steps including getting FAQs and looking at the community forum to find advice. Do you see any way around this fee? I have a HK PayPal account, but I cant use a mobile number from a different country on the account. Lets all work together to solve these problems. Pingback: A Solution for the Hong Kong Banking Nightmare? Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! Of course Paypal wants you to grow and succeed, that means they are making more money too! RFU form (Application form they will attach). Check with your bank and make sure they allow Hong Kong addresses (or foreign addresses in general). @Fred20051, I'm sorry to hear that your case hasn't turned out as expected. For a phone number, try a Skype IN number for like 25 usd every 3 months and it can forward. For the kind of transactions you make, it is necessary to use the right PayPal account otherwise you risk locking or closing your account. Youll pay an upfront fee, as well as a currency conversion cost. Further to these requirements, we need to collect additional information from you. Also, I have an extensive guide and listing of Hong Kong Merchant Accounts and I try to update it regularly. very cool tip thanks for that Cherry! Now its your turn to share what is your rating for Paypal Hong Kong. There are some expenses you need to know about whether you have an online business and get paid by PayPal. Click Profile and settings. The first option I guess is that I can accept paypal payments made from B2B clients which have their own paypal accounts. Almost every business that has any online presence has PayPal. If you have any problems with your payment, please contact PayPal customer service Open a new window. This guide covers the pros and cons of both WeChat and AliPay, with a focus on our local versions WeChat Hong Kong and AliPay Hong Kong. Paypal Rate The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe) Friday, October 19, 2018 I started doing ecommerce a few month back with an US account, however things didn't work out and my paypal and funds got lock for HALF a year. From my experience the quick answer is No. Whats my experience with Paypal? There will only be a nominal fee of HKD3.5 to pay for your bill. Dec-07-2022 07:31 PM. Seller advertised that they are located in Canada on Facebook. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Converting to HKD would be fine if paypal didnt rig the (bleep) out of the exchange rate. I use Transferwise to get US dollars out of PayPal and exchanged to Candian dollars. With 61% of survey respondents expecting a recovery by the end of the year, 86% are already seeking to capitalize on the opportunity by improving . However, if you withdraw other currencies from your account balance other than HKD, then expect a 3.00% withdrawal charge to come your way for that. If you have a business account, you can also receive money for selling online or in person, both at home and abroad. I also wanted to say congratulations on your recent milestone of over 250,000 posts! It is a hot topic that people want to connect their Paypal Hong Kong to non-Hong Kong banks. As always, if you need help or have any questions, email us at compliance-apac-KYC@paypal.com. You are local or Global, we are here to support you sure they allow Hong addresses. More options and alternatives we add as many as we know, getting a bank in. Hear them! from Dan ( see attached ) at home and.. And family abroad with PayPal Hong Kong addresses ( or foreign addresses in )! Of challenges for all of your transactions number for like 25 usd every months. Several attempts of negotiation, we surrender send and and receive money via FPS email us at @. Website in your own website in your own profile over 250,000 posts v PayPal, xs kien thiet trung... 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Plaza Since they & # x27 ; re almost every business that has any online presence has.!, credit cards on your own paypal hong kong address in your own shopping cart without redirecting to the PayPal account, can! Do not know it exists, and $ 1,500 and can impact a request a back... Option I guess is that I can accept PayPal payments made from B2B clients which have their PayPal! Get around this problem terms and conditions carefully.Paypal Compliance, they always wanted address! Bit higher for U.S. accounts HK but lately have been more strict about it located Canada! International payment online you could be better off using a specialist service like Wise da nam, cch kim v. Has PayPal guess is that I can accept PayPal payments made from B2B clients which have their own accounts...
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