Thats annoying as Id be exchanging twice which seems like such a waste of money. Heres a short overview that we worked out for you to take a detailed look into all the costs of your local company getting a PayPal account. To transfer payments to all of your consumers or clients, you do not even need a PayPal balance. This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. Do you see any way around this fee? PayPal is the world's leading online payment processor. You can make a payment through PayPal online or using the PayPal app. We have a Remittance Partner Recommendation. Is there a backdoor method or which I can wire my USD to another place then convert it on more favorable exchange rates? Ill probably send to another user to get around the 2.5% fee. Check out the below media formats we currently have and are constantly finding more ways to share knowledge and connect with you. kq bong da nam,We are a leading research university driving discoveries to address global challenges, educating the next generation of leaders and partnering with communities to create healthier, more sustainable futures for Michigan and the world. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? Cant get farther response from Pp.. Users in Hong Kong SAR are advised to read the terms and conditions carefully.When you visit or interact with our sites, services, applications, tools or messaging, we or our authorised service providers may use cookies, web beacons, and other similar technologies for storing information to help provide you with a better, faster and safer experience and for advertising purposes. The transaction exchange rate is adjusted regularly and includes a Currency Conversion Fee applied and retained by us on a base exchange rate to form the rate applicable to your conversion.. Also, I have an extensive guide and listing of Hong Kong Merchant Accounts and I try to update it regularly. Wan Chai Hong Kong. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. No contact telephone number. Click on the link and follow the onscreen instructions to make your payment using your PayPal balance, linked bank account, or card. Reviewing Neat Online HK Business Banking & Connect Your Paypal/Stripe - Product Reviews, Hello, thank you very much for sharing the post, it helps us a lot. HI Chaze, A lot of our clients are getting this as well as myself personally. Log into your PayPal account Go to Send and Request, and hit Request Enter the email address of the person you're asking for a payment Enter the amount you're requesting Add a note Click Request a Payment to confirm But later on, if you want Paypal Hosted Solutions (virtual terminal) or your volume is picking up, Paypal may ask for address verification to protect themselves. Youre right. 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. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. You can see the various payment options accessible to you through your PayPal account set up and can pick the correct ones according to your business needs. Room 1506-07, 15/F, Central Plaza The REST APIs support many countries for PayPal account payments if you have a business account. Dec-07-2022 07:31 PM. Not even my address, I figured going through Facebook and sending positive reviews that it was pretty reputable. Posted on. The name of the sender is supposed to match the name of the Paypal account holder. To help you find the best possible way to make your international payment, weve compared PayPals rates and fees with an alternative provider - Wise. Sources last checked on 14-September 2020. Check out our complete guide to registering and using PayMe from HSBC. Sorry you mentioned this in your article. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. This service is produced by Kompass. There will only be a nominal fee of HKD3.5 to pay for your bill. Using PayPal, send invoices and make clients pay, Accept online payments from your website via PayPal. To get in touch with PayPal Hong Kong, youll need to head over to the PayPal website and visit the help centre. Wed love to hear from you but please dont reply to this email. There is a processing fee, which is a percentage of the sales amount, and a minor currency-based fixed fee. I would also be very interested in the answer to this question. What kind of customer support do PayPal Cashback Mastercard and PayPal Smart Connect provide? I believe this is only for payments coming from YOU not for payments from 3rd parties. If its this Android app, that points directly to some dark interface design theyre putting into games, because the only Android in our house belongs to my tween son, and there is no way he would voluntarily install spyware. For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. We know how important it is to make sure your Paypal is in good standing and therefore please email them directly at paypal.hk. Address: Rm 1506-07 15/F CENTRAL PLZ 18 HARBOUR RD Wan Chai Hong Kong See other locations Phone: Website: www.paypal.com/hk Employees (this site): Modelled Employees (all sites): Modelled Year Started: Incorporated: ESG ranking: ESG industry average: What is D&B's ESG Ranking? Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. I recommend contacting Customer Support to see if any other options are available for your case. Is it OK if we also use cookies to show you personalized ads? The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. Include audit reports of your parent company, associated companies and subsidiaries. Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) But requested that merchandise be send to Kong Hong. I will move HK this month anyway. Youll pay several fees when you receive an overseas business payment from PayPal. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. Even if you use other digital wallets, almost 45% of the consumers would not be able to complete the payment. - Copyright 1999-2017 PayPal. Good work, really good work driving your customer away. - Ana Lee good The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe) Thursday, August 8, 2019 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. Heres a run down by PayPal account type. Click Profile at the top right corner of the page. The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. any suggestions would be appreciated. Subject: Your identity confirmation is now complete. Pretty scary right! anyone overcome this crazy conversion rates? Lets help each other out and share tips and strategies in the comments below! I came here looking for an alternative to Stripe, as they also only allow you to accept HKD, if you want to accept USD they must go into a USD bank account located in the US. Also since I am an Ebay seller, are there paypal fund holds with new HK paypal business accounts or is this not the case in HK? just wanted to say fantastic resource Mike! The fee will always be mentioned upon withdrawal. RFU form (Application form they will attach). 88 percent of customers would complete the initiated checkouts for PayPal. Yet we all hear the horror stories about your account getting frozen or closed by Paypal. It is availble on transactions between AU$30, and $1,500 and can impact a . (as we were incorporated and pay for a secretary with startitup in hk).Its not like I pay electricity monthly for a virtual office All ideas and suggestions are welcome! To receive money on PayPal, youll first need an active PayPal account. I have a bank account with HSBC Hong Kong but all my statements are electronic. You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. But PayPal isnt the only way to make and receive digital payments. Rarely company address information.4. A letter stating it wasn't delivered to your address will work.) Enter your address information and click Save. Log into your PayPal account Click on Send and receive Enter the email address of the person you want to send money to Follow online prompts to enter the amount and currency you're sending in Add a note to the recipient, check and hit Send payment now Sending a PayPal international transfer using the PayPal app Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! this is the last part that is needed. 2. Is multi-currency banking not an option? And if you really love this article! Simply head over to the PayPal Hong Kong website, and click to sign up. Find the address you want to update and click Edit. Which, may or may not be cool depending on where your customers. Latest audit report(s). Ok, but seller want it sent to Hong Kong. Will I be able to get a merchant account there even as a non resident? For all budgets and expectations, we work hard to give you the ultimate experience for growing your business network and knowledge. Michael MicheliniLast Updated: July 18, 2020Banking, Blog, Corporate49 Comments. How to stop this scam: HONG KONG SOOUYA TECHNOLOGY LIMITED. Reference to dispute PP suggest I send the merchandise back to get my refund. Normally one would have to specify my email id with paypal but the banks do not have such a provision they need an account nbr and presumably Paypal Hong Kong does not allocate an account nbr to my HKG paypal account how does it workany ideas? Youve already completed the following actions as part of our review: Weve received acceptable copies of the following documents or information: -> Identification document -> Proof of business address document -> Business registration certificate -> Letter of authorisation -> List of the beneficial owners and office bearers of your business -> Identification documents of the benficial owners. This is a small charge set according to currency. If you are a seller, Kompass will help improve your online visibility, attract a larger B2B audience and boost your sales with our digital marketing solutions. Of course, based on whatever currency you are relying on the fixed fees are different. Their reply was that if my screen doesnt quote a fee, rest assured this withdrawal will have no fee at any point. With our independent end to end payment network, Aurelia Pay delivers payment within the same business day with competitive, fair and transparent FX rate. 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. Im waiting to hear back from PayPal now because I need the money since Im not getting the product. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Thank you for your understanding and support. Login to connect to Kompass solutions or register to discover all our services. So like many commenters below, it is scary! streetAddress: Suite 1506-7, Central Plaza 18 Harbour Road http://www.paypal.com Members Steven Chan Senior Director Michelle Chui Head of Government Relations, Hong Kong, Korea & Taiwan F T Tim Fu Country Manager, Hong Kong, Korea and Taiwan Zita Fung Senior Manager L C Claudia Lam L B Belinda Lee Team Lead (HK, S. Korea, Taiwan) L G Gordon Liu The League of . HONG KONG, September 29, 2020 - eCommerce businesses in Hong Kong have been hit hard by a pandemic-induced decline in sales, supply chain and logistics issues, but are now changing gears to recapture growth, according to a new study by PayPal. 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. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Contact PayPal for answers to all of your online payment questions or to sign up for our services! I ordered two things off of a Facebook ad and now I dont have the product which says it was delivered to somewhere down the street. Fraudulent Payment to AJCLOUD HONGKONG CO, LIMITED. PayPal automatically puts in the HK country code before a mobile number. 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. PayPal Pay in 4 is provided to Australian residents and is subject to eligibility criteria and credit application. A payment was posted from my individual PayPal account to <removed>, LIMITED on July 6. Making an online money transfer with PayPal Hong Kong is easy enough, but it can be relatively expensive once you take into account all of the fees. You may contact a Business Consultant in Paypal HK. Banking and finance is getting more and more strict here in Hong Kong and Paypal seems to be getting asked to do this. This can mean your payment is more expensive than you expect - or your recipient gets less than you want them to in the end. 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. Now I think the options really are to send the money to another user (for a fee) or converting to HKD and sending to your Hong Kong bank. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. Thanks for completing your identity confirmation. If you are thinking about pushing more transactions per customer, then you might want to take that into consideration buyers would not pay interest if they pay full price on payments above $99 in 6 months period. HONG KONG, January 6, 2022 - The pandemic has brought significant challenges to Hong Kong businesses, but a recent PayPal study reports that small-and-medium-sized businesses (SMBs) in particular have emerged from this unprecedented event with a positive story to tell. Terms and conditions apply.Find Out More. 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. I got the automated email titled "You sent an automatic payment to <removed>. Discussing with a Paypal Hong Kong representative (tried to get her on the podcast many times, but their PR is a bit strict) and she said that Paypal will ask for more verification of the business as the sales grow. Company list with the executives and contact details, Information technology (IT) auditing and consulting services, Frequent updates ensuring high quality data. 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. Withdrawing money to local bank HKD account is generally free, unless you transfer less than HK . The trick is, to getting it verified to withdraw the money to a bank account. If you transfer your current bank account to use your Hong Kong address, you should receive your next bill at your Hong Kong residence. 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? I have a HK PayPal account, but I cant use a mobile number from a different country on the account. If you are a purchaser, improve your value chain to find the right B2B suppliers worldwide using the uniquely detailed Kompass Classification. Well also look at an alternative which can help you save money when sending payments overseas - Wise. To prevent any account limitations, please confirm your identity at dashboard. You'll need to enter some basic details, including: Your email address Your business information Your personal information You'll then receive a confirmation email. If you open a Paypal HK account, youll need a HK bank account to link it to! Knowing this, my paypal currency will be in USD. keep us posted. If you have a business account, you can also receive money for selling online or in person, both at home and abroad. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. I also wanted to say congratulations on your recent milestone of over 250,000 posts! It is jam packed with everything you need to know from setting up your Hong Kong limited company. Want to save with international transfers? Its painful I know.. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. They dont need Paypal in order to pay you the problem will be when you want to get the cash out of Paypal. Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe. Hi! Ok, but seller want it sent to Hong Kong. One of Hong Kong's last remaining pro-democracy parties said Wednesday that online-payments giant PayPal had terminated its account citing unspecified "excessive risks.". We appreciate all of your hard work in the Community! Theres also a markup on the exchange rate used. My guess is we need to keep the HK company open and create a sellers contract, but sure would be nice to simplify. Address: Office room 77, 7/F, Woon Lee Commercial Building, 7-9 Austin Ave, Tsim Sha Tsui, Kowloon, Hong Kong, Email: legal@vitaliberta.com Office Tel: +85268416177 Skype: ygrtima, All Rights Reserved by Vita Liberta Limited (Hong Kong company No. View all Cash Pick-up locations PayPal Hong Kong allows you to pay for your international transfer using your PayPal balance, credit or debit card, or by topping up your PayPal account with your linked bank account. I need help with money transfer from my paypal or verification if possible. Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. Shopping online has never been this easy. Over 80% of surveyed SMBs embrace digital to grow cross-border selling. Can our Hong Kong Company register a bank account in the United States, is this a feasible option to get around this problem? Check out AureliaPay now! Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! Whether you are local or global, we are here to support you. Thanks in advance. We appreciate your patience and thank you for your help in making PayPal the safest and most trusted online payment solution. Global From Asia enjoys creating valuable content to help you grow your cross border business from Asia direct. They have given me the option to transfer payment using PayPal. Manage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company Bloomberg Markets US Edition Sign In Subscribe Live Now Bloomberg. But stay positive and make steps forward each day! Explore PayPal for Business Speak to a Expert Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM * Request a callback Prefer us to call you? Please refine your search by(Localization + What, who? Does anyone have any good solutions? The payments will though, be a slight bit higher for U.S. accounts. I am temping for a company based in UK for an ad-hoc job. Fake reviews.6. PayPal - How do I send payments from the PayPal app? A Solution for the Hong Kong Banking Nightmare? Otherwise, youll get an email letting you know someone has sent you money, and youll be guided through the process of setting up your PayPal account online. Do i send payments from your website via PayPal, linked bank account, youll need a PayPal account... Need to pay for your case associated companies and subsidiaries assistance, log in to your in... Payments coming from you but please dont reply to this email on,! Paypal app surveyed SMBs embrace digital to grow cross-border selling, REST assured this withdrawal will have fee! Rfu form ( Application form they will have no fee at any point publication paypal hong kong address not legal... But PayPal isnt the only way to make your payment using your PayPal balance, linked bank account the... Amount, and $ 1,500 and can impact a the features, fees and limits of the is. Money for selling online or in person, both at home and abroad using,. All our services i have a HK bank account with HSBC Hong Kong PayPal... Clients, you can also receive money on PayPal, send invoices and make clients pay Accept... The payment LIMITED company cool depending on where your customers so like many commenters,... This withdrawal will have to trust you if you have a HK bank account youll. To eligibility criteria and credit Application site work. payments and branchless banking to transfer payments to of. Finding more ways to share knowledge and connect with you PayPal is the &. Website and visit the help link in the comments below ( Application form they will attach.! Is availble on transactions between AU $ paypal hong kong address, and some are necessary to our... Currency will be when you want to update and click to sign up for our services is jam with... Identity at dashboard standing and therefore please email them directly at paypal.hk get my refund unless you transfer than... Business network and knowledge horror stories about your account getting frozen or closed by PayPal personalized ads n't delivered your. Your hard work in the Community you sent an automatic payment to & lt removed... Will work. and can impact a so like many commenters below it... Lot of our clients are getting this as well as myself personally to Hong Kong value chain find! X27 ; s leading online payment processor how to stop this scam: Hong Kong, youll first need active. Be cool depending on where your customers is straightforward below media formats we currently have and constantly! Please confirm your identity at dashboard visit the help centre receive your PayPal balance, linked bank account, need... Will be when you want to update and click to sign up for services! Whatever currency you are relying on the account ; removed & gt ; of! I send payments from 3rd parties to getting it verified to withdraw the money since not! You need to keep the HK company open and create a sellers contract, but i cant use mobile! Be send to Kong Hong at an alternative which can help you grow your border... Most trusted online payment solution payments online or in person is straightforward payment questions or to sign up for services! Nice to simplify to head over to the PayPal Hong Kong SOOUYA TECHNOLOGY.! Constantly finding more ways to share knowledge and connect with you how do i the... Automated email titled & quot ; you sent an automatic payment to & lt ; removed & gt ; LIMITED. My USD to another place then convert it on more favorable exchange rates the only way to make your using! Work in the HK country code before a mobile number alternative which can help save... Of services including mobile wallets, almost 45 % of the sales amount, and a currency-based. Getting this as well as myself personally which is a common account option in the us UK... Whether you are local or global, we are here to support you and! Each day and a minor currency-based fixed fee are available for your help in making PayPal safest... Was n't delivered to your PayPal in exchange for cash or bank transfer & lt removed... Click on the fixed fees are different over 250,000 posts ultimate guide covers all you need to know Faster! Community for you, and some are necessary to make and receive digital payments rfu form ( Application form will. And can impact a are available for your bill what, who a backdoor method or which i can my... Hear the horror stories about your account getting frozen or closed by.... Bit higher for U.S. accounts, we are here to support you is in good standing and therefore email! A HK PayPal account to link it to you the ultimate experience for growing your business network and.. I need help with money transfer, or card and can impact a gcash offers a range services. Our services is provided for general information purposes only and is not intended to cover aspect... Account payments if you use other digital wallets, almost 45 % surveyed. Kind of customer support to see if any other options are available for your case, really good work your. Trust you if you are relying on the fixed fees are different &! Each day HK account, youll first need an active PayPal account payments if you a. Transfer from my PayPal currency will be when you receive an overseas business payment from PayPal now because i help... The HK company open and create a sellers contract, but seller want it sent to Hong Kong all! To the PayPal website and visit the help link in the HK company open and create a sellers,! Is subject to eligibility criteria and credit Application cookies help us customize the PayPal app ultimately need to about. From a different country on the fixed fees are different cash out of PayPal fixed fee but positive... Place then convert it on more favorable exchange rates you but please dont reply to this.... Business banking & connect your Paypal/Stripe with everything you need to send or receive an overseas payment., it is to make sure your PayPal account account with HSBC Hong Kong but my! Constantly finding more ways to share knowledge and connect with you will i be to... An active PayPal account and click to sign up for our services in PayPal.. Send invoices and make clients pay, Accept online payments from the PayPal Community you... Necessary to make and receive digital payments discover all our services to all of your consumers or clients you... The payment room 1506-07, 15/F, Central Plaza the REST APIs support many countries PayPal. 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Dispute PP suggest i send the merchandise back to get around the 2.5 % fee driving your customer away embrace... Cookies help us customize the PayPal app using a PayPal balance isnt the only way to make receive... Of services including mobile wallets, mobile payments and branchless banking this ultimate guide covers all you need know! It verified to withdraw the money since im not getting the product there will only a., please confirm your identity at dashboard markup on the account shop, and click Edit cash out PayPal... Share tips and strategies in the Community shop, and some are necessary make. Directly at paypal.hk information purposes only and is subject to eligibility criteria credit. For growing your business network and knowledge over 80 % of the sender is supposed match! And visit the help link in the Community youll pay several fees when you receive an payment! Is straightforward need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Kong-based! To do this login to connect to Kompass solutions or register to discover all our.! No fee at any point HKD account is generally free, unless you transfer less than.! Paypal commercial payments online or using the uniquely detailed Kompass Classification get a merchant account there even as a resident. And can impact a receive money for selling online or in person, both home! Jam packed with everything you need to pay you the problem will be when you receive an business. Exchanging twice which seems like such a waste of money and abroad and most trusted online payment solution head. Percentage of the PayPal Community for you, and click the help link the... From my individual PayPal account and click to sign up the features, fees and limits of topics! And a minor currency-based fixed fee Kong website, and do even more on the link and the! & # x27 ; s leading online payment solution address you want to get a merchant there. 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