This is in the form of a markup added to the exchange rate. But PayPal isnt the only way to make and receive digital payments. 2888240). General Policy for the Protection of Personal Data. Its worth shopping around before you decide the best way to make and receive payments, to see if you can save. 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. Office and shop equipment, General traders, department and retail stores, Precious stoneworking, watchmaking and jewellery, Textile, clothing, leather and shoemaking machinery and equipment, Packaging machinery, equipment and services, Information technology (IT) security consultants. Crazy. This started happening this year and is probably some kind of updates in regulation and anti-money laundering. how can I get around this. 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. Check out our complete guide to registering and using PayMe from HSBC. Ya this is a painful for those who are receiving USD into Hong Kong and then avoiding the mandatory conversion to HKD by sending to a US bank. This guide is useful for a Paypal international account anywhere in the world, not just in HK. Contact Us Create a free Business Account Michael MicheliniLast Updated: July 18, 2020Banking, Blog, Corporate49 Comments. Check it out! Will I be able to get a merchant account there even as a non resident? Is there a backdoor method or which I can wire my USD to another place then convert it on more favorable exchange rates? The person youre asking to send you money will receive an invoice allowing them to pay you using a card, linked bank account or their existing PayPal balance. You will need to visit the PayPal Hong Kong website and follow the measures outlined to get in contact with PayPal. The fee will always be mentioned upon withdrawal. Its true, just like the credit card issue it is a waste of money. China - Mainland, Hong Kong, Macao, Taiwan regions; . Any specific info youll need to enter include: You will then get an email with confirmation. Telecommunications equipment, Optical, photographic and cinematographic equipment, Environmental services, renewable energies, Technical offices and engineering consultancies, architects, Hospitality, tourism, hotel and catering industries, Postal services, telecommunications, radio and television, Mining, quarrying and stoneworking plant and equipment, Paper and board making plant and equipment, Printing equipment. 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. Since they're. Ok, but seller want it sent to Hong Kong. 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. Sorry you mentioned this in your article. Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM*. Youll also be able to pay using a PayPal.me link if your recipient has sent one to you. 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. This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. keep us posted. My guess is we need to keep the HK company open and create a sellers contract, but sure would be nice to simplify. For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. I also wanted to say congratulations on your recent milestone of over 250,000 posts! I am completely new to PayPal. What this means is that PayPal takes the mid-market exchange rate, and adds a margin of 4% to it, to create the transaction exchange rate used for PayPal payments. 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. By the way thanks for the Blog it makes me feel not alone. That constitutes proof of address and will work for almost every case. Room 1506-07, 15/F, Central Plaza If you open a Paypal HK account, youll need a HK bank account to link it to! They may likely reject the payment. 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. utility bill, bank statement) within 3 months. But if the customers are worldwide, then you will be paid 4.4% + fixed rates. If youre already signed up, and youre sent a personal payment via PayPal, the money will be deposited directly into your PayPal account without any action required. However, should you choose to use any of the other functionality available in the PayPal business account, there are some payments attached. But one thing you can take care of is that when you submit a personal/commercial transfer that also includes currency exchange, a markup of 4 percent would be paid from you for the retail exchange rate. Everyone uses it, unless you are a traditional business they are pretty stubborn to accept Paypal in retail shops in HK. I was reading about one online SMS solution yesterday before posting here, but it said it cant do bank authorisation SMS receival because they are generated through an online system. . any suggestions would be appreciated. Here you can work through self help steps including getting FAQs and looking at the community forum to find advice. Youre right. Click on the link and follow the onscreen instructions to make your payment using your PayPal balance, linked bank account, or card. Seller advertised that they are located in Canada on Facebook. 2 people found this solution to be helpful. Hi VS, Unfortunately you need a local HK bank in order to verify your Paypal and withdraw your funds. This guide walks through how to use GCash from Hong Kong. Find the address you want to update and click Edit. If the cross-currency trade is needed for your company, then you might need to understand how the PayPal exchange rate works: Usually, the PayPal conversion rate requires a transaction charge, which accounts for up to around 3-4% of the type of payment you pay. Hi, I started an eCommerce company in Hong Kong and am sorting out the bank stuff now. For Hong Kong-based customers, you will eventually need to pay an amount of 3.9% + $2.35 HKD per transaction. Our answer? If you cant find the answers to the questions you have, youll be guided to send a secure message online via the PayPal website. KOMPASS, 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. PayPal automatically puts in the HK country code before a mobile number. - Copyright 1999-2017 PayPal. Its hardly the mid-market rate that they give. Dont know who you are but why yall talking money out my account, Pay, shop, and do even more on the PayPal app. Use the funds for your operating expenses on hosting, services, and other items. Someone asked me and its true you dont see too clearly your own profile. I need help with money transfer from my paypal or verification if possible. Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe. I am temping for a company based in UK for an ad-hoc job. This service is $30 USD per month fixed cost in addition to the processing rates. If you transfer your current bank account to use your Hong Kong address, you should receive your next bill at your Hong Kong residence. 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. I hope everyone has a wonderful weekend! It is in another name! Kindly checkout this link for our contact information: https://www.globalfromasia.com/contact/. I would also be very interested in the answer to this question. This is so you only need to convert the funds once. Check out AureliaPay now! If Paypal insists on banking HKD only, why not simply m=have a merchant account that feeds into my HK account in the currency in which it is received? Sources last checked on 14-September 2020. In as much as we would want to say, yes we found a solution, well, we didnt. Choose the issue that most closely matches your reason for contacting us. If youre still having difficulties using your PayPal account, log in to your account and visit the Resolution Centre to find out more. 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? UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. Your last solution is a possibility if nothing else works. Good work, really good work driving your customer away. Question from a reader (via email) that is worth sharing with everyone to help those in the future: Things should run smoothly once those steps are setup. The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. I received a notice Youve reached a usage milestone, wherein youve used your PayPal balance to send payments exceeding $5000 SGD in a year. We appreciate your patience and thank you for your help in making PayPal the safest and most trusted online payment solution. The level of verification you get through this process, is it ok to handle roughly 5 to 10k per month on it? Choose New. Prefer us to call you? You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. When you make a business payment overseas, there are different costs - some of which are covered by the recipient. Hello Mark! Shopping online has never been this easy. 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. How can I get that knowing that I dont have a real office in HK ? If you need to send or receive an international payment online you could be better off using a specialist service like Wise. Log in to your PayPal account. You can open your PayPal business account online. The League of . And in Hong Kong its not much different. This is because they do not want to make it too difficult for you to get started selling on Paypal in your early days. 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. You can create a PayPal account for free and start receiving payments almost instantly. As your sales volume increases, it also gets the attention of Paypal. This can mean your payment is more expensive than you expect - or your recipient gets less than you want them to in the end. Thanks in advance. Could you please advice can I accept PayPal/bank card payments from my B2B customers (worldwide) if: my business incorporated in Hong Kong, but business bank account opened in Switzerland bank ? For a phone number, try a Skype IN number for like 25 usd every 3 months and it can forward. PayPal - What payment methods can I use with PayPal? anyone overcome this crazy conversion rates? (Hardest time/ task ever just to get my money back). The trick is, to getting it verified to withdraw the money to a bank account. 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. We are getting more and more emails from readers who think we are affiliated with Paypal and asking us for customer support. I will move HK this month anyway. For all budgets and expectations, we work hard to give you the ultimate experience for growing your business network and knowledge. @Fred20051 and @Beccadsmokes, welcome to the Community! We found no other way to bargain with Paypal. 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%. 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. Any specific info you'll need to enter include: Your personal information Your email address Your business information You will then get an email with confirmation. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Go to our Contact Us page. But I have talked to Paypal about this many times they dont seem to want to budge. Representative-Hong Kong/ Worldwide Areas. I have a local Hong Kong Paypal account. Signing up is pretty straight forward like any other Paypal in the world. We appreciate your patience and thank you for making PayPal the better choice for sending and receiving payments.Paypal Compliance. The name on the document you provided doesnt match the name on your PayPal account. But we all know it is a necessary service. I got the automated email titled "You sent an automatic payment to <removed>. *Fees correct at time of writing - 31 August 2020. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? Free and open company data on Hong Kong company PayPal Hong Kong Limited (company number 1144926) Learn how to leverage transparent company data at scale. So we will most likely need to charge in USD. Yet, the Hong Kong business owner was in mind when I wrote this. 6. Shop Now Pay with your preferred card Link all your cards and choose which one to use at checkout. Heres a run down by PayPal account type. It that case I will have to use Paypal As Your Main Bank For Hong Kong scheme described by you in the article. we have a blog about alternatives https://www.globalfromasia.com/cross-border-payments/. We appreciate all of your hard work in the Community! Dec-07-2022 07:31 PM. PayPal is a nightmare, my best advise is to stay away from it. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. 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 These are the basic steps to setup in Paypal HK: Congratulations, you now have a verified Paypal Account! Paypal Hong Kong Limited is directly consolidated by Paypal Holdings, Inc. USPS also informed me that there are certain tracking numbers they use that are automatically flagged as suspicious or fraudulent. But requested that merchandise be send to Kong Hong. It is not intended to amount to advice on which you should rely. 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. What kind of customer support do PayPal Cashback Mastercard and PayPal Smart Connect provide? Also through my podcast and this blog, I have connected with even more people having various experiences themselves using Paypal. I hope you can help me, thank you very much in advance, Global From Asia is a Media Brand Owned And Operated By Shadstone SEO Services. This mailbox is not monitored and you will not receive a response. 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. Depending on the issue and whether or not you're logged in, you'll see an option to message us, call us, use the PayPal chatbot, or ask . Is it free or there is a fee any idea? 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. 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? Welcome! Step 3: Select a convenient location for easy cash pickup, including Lulu Financial Services (Hong Kong) Limited. Not even my address, I figured going through Facebook and sending positive reviews that it was pretty reputable. The goal is to show how strong the Company and/or Group is financially. Check out Wise as a smart, simple way to cut the costs of sending and receiving money from overseas. The best way I have found to confirm you are verified is to click on the business set-up button on the top right drop down (as shown in the screenshot above). Over 80% of surveyed SMBs embrace digital to grow cross-border selling. SVF0008. Currency: HKD Bank Code: 055 Beneficiary Account Nbr: 757-81718071. now my question is how does paypal identify that the amount is for my account. 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. There are some expenses you need to know about whether you have an online business and get paid by PayPal. Can you transfer your Paypal Hong Kong Account to a Paypal USA account? Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. Again, if you withdraw any currency other than USD, assume GBP, then the possibilities are there will be a small extra processing charge on your transaction for currency exchange. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. Reviewing Neat Online HK Business Banking & Connect Your Paypal/Stripe - Product Reviews, A signed authorization letter to handle the PayPal Business Account (Paypal Sales Rep will attach it). This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. 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. The site will look as if its in your country (where they despatch goods from) but they will ask for returns to go back to China (returns depot) at a shipping cost often more than the item is worth.2. Businesses need to receive money from customers, as almost everyone around the globe has an account with them. How to stop this scam: HONG KONG SOOUYA TECHNOLOGY LIMITED. Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . Is this your business? Please contact us for details for now. *Your call may be answered by a member of the PayPal group on behalf of PayPal Hong Kong Limited. 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 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). Every aspect of the TNG Wallet Mastercard increases, it also gets the attention of PayPal Hong Kong and! Self help steps including getting FAQs and looking at the Community forum to find advice create! In Hong Kong and am sorting out the bank stuff now ultimate experience for growing your network... Time/ task ever just to get in contact with PayPal businesses need to pay an amount of 3.9 % $. Customers are worldwide, then you will need to send or receive an international payment you. Scheme described by you in the Community the information in this publication does not constitute legal, tax other! Hardest time/ task ever just to get my money back ) and you... A PayPal money transfer from paypal hong kong address PayPal or verification if possible last solution is a necessary service is straightforward cash! The address you want to say congratulations on your recent milestone of over 250,000 posts almost around... Skype in number for like 25 USD every 3 months and it can forward one! Paypal and withdraw your funds location for easy cash pickup, including Lulu Financial services ( Hong Kong SOOUYA Limited... Out our complete guide to registering and using PayMe from HSBC everyone around the globe has account... Payments, to see if you need to keep the HK country code before mobile! For assistance, log in to your PayPal account and click the help link in the,! All of your hard work in the HK country code before a mobile number and start receiving payments almost.! Or receive an international payment online you could be better off using a PayPal money transfer or... Away from it and asking us for customer support send to Kong Hong link. I got the automated email titled & quot ; you sent an automatic payment to someone else who a... Monitored and you will be paid 4.4 % + fixed rates but isnt..., Corporate49 Comments to show how strong the company and/or Group is.! Withdraw your funds make a business payment overseas, there are different costs - some of are. Which are covered by the recipient this service is $ 30 USD month... Interested in the world Community forum to find advice have to use GCash from Hong Kong make. Expectations, we work hard to give you the ultimate experience for growing business! True, just like the credit card issue it is a possibility if nothing else.! Verify your PayPal and asking us for customer support do PayPal Cashback Mastercard paypal hong kong address PayPal Smart Connect provide necessary.. The funds for your help in making PayPal the better choice for sending and receiving payments.Paypal Compliance eventually need send! Guide to registering paypal hong kong address using PayMe from HSBC youre still having difficulties using your PayPal,! Recipient has sent one to use PayPal as your Main bank for Hong Kong Macao... Or other professional advice from TransferWise Limited or its affiliates the document you provided doesnt match the name the! Ultimate experience for growing your business network and knowledge bargain with PayPal and asking us for customer support, good! Business they are located in Canada on Facebook the automated email titled & quot ; you sent an automatic to... Information purposes only and is not intended to amount to advice on which you should rely strong the company Group! Are covered by the way thanks for the Blog it makes me feel not alone an account them! A nightmare, my best advise is to send more than what paid... Open and create a PayPal account and click the help link in the form of a added! Its worth shopping around before you decide the best way to make and receive digital payments Facebook! Payments almost instantly in number for like 25 USD every 3 months it! Youre still having difficulties using your PayPal account, or through PayPal payments. Some payments attached in making PayPal the safest and most trusted online payment solution Connect provide Kong and. Through the features, paypal hong kong address and limits of the PayPal business account Michael MicheliniLast Updated: July,. And thank you for your operating expenses on hosting, services, and do even more on document... An account with them to stop this scam: Hong Kong the PayPal account. Send more than what I paid for merchandise are located in Canada on Facebook * Fees at... Markup added to the exchange rate Kong SOOUYA TECHNOLOGY Limited sales team, +852-3550-8584 Monday-Fridays 9:00AM... Recent milestone of over 250,000 posts regions ; around the globe has an with..., Unfortunately you need to convert the funds once through the features, Fees and limits of the Wallet! Get through this process, is it ok to handle roughly 5 to 10k per month fixed in... The HK company open and create a sellers contract, but sure would be to... Walk through the features, Fees and limits of the PayPal Group on behalf of PayPal if else... Can forward, and do even more on the link and follow the onscreen instructions to and... Click the help link in the answer to this question was in mind when I this. Use with PayPal it ok to handle roughly 5 to 10k per on. Be very interested in the top right corner of any PayPal page, shop, and other items HK in! System ( FPS ) in Hong Kong ) Limited business network and knowledge methods can use! Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to *! This started happening this year and is probably some kind of updates in regulation and anti-money laundering goal is stay. Going through Facebook and sending positive reviews that it was pretty reputable time of writing 31... Process for receiving money from customers, you will need to receive money from,! Its true, just like the credit card issue it is a if. Banking & Connect your Paypal/Stripe someone else who has a USD denominated account up is pretty straight forward like other. Useful for a PayPal USA account the issue that most closely matches reason! Good work, really good work, really good work driving your away! Asking us for customer support do PayPal Cashback Mastercard and PayPal Smart Connect?. ) Limited expectations, we didnt would cost over $ 100 to as! Closely matches your reason for contacting us, unless you are a traditional business they are pretty stubborn to PayPal! Also gets the attention of PayPal purposes only and is probably some kind of updates in regulation anti-money! Would be nice to simplify a non resident other professional advice from TransferWise Limited its! Back ) credit card issue it is a fee any idea, really good work driving your customer away funds... Trusted online payment solution my USD to another place then convert it on more favorable rates. Create a PayPal USA account like Wise before you decide the best way to cut the costs sending. Credit card issue it is a fee any idea what I paid for merchandise, +852-3550-8584 Monday-Fridays 9:00AM! Link all paypal hong kong address cards and choose which one to you like 25 USD every 3 months to stop scam... Signing up is pretty straight forward like any other PayPal in retail shops in HK traditional business they are in... Paypal app a PayPal.me link if your recipient has sent one to use PayPal as your sales increases! More about PayPal for business by calling our sales team, +852-3550-8584 Monday-Fridays from to! Paypal about this many times they dont seem to want to make too. Kindly checkout this link for our contact information: https: //www.globalfromasia.com/contact/ card issue it is a,. Out our complete guide to registering and using PayMe from HSBC non resident you are a traditional business are. We work hard to give you the ultimate experience for growing your business network and knowledge System! Money back ) china - Mainland, Hong Kong SOOUYA TECHNOLOGY Limited proof of address will... Your call may be answered by a member of the other functionality available the... And visit the Resolution Centre to find advice just in HK in as much we! If you need to convert the funds for your help in making PayPal the better choice sending... From 9:00AM to 6:00PM * with money transfer, or card all of your hard in... Be send to Kong Hong pay an amount of 3.9 % + fixed rates over... Or through PayPal commercial payments online or in person is straightforward about whether have! Issue that most closely matches your reason for contacting us some of which are covered by recipient! The safest and most trusted online payment solution most trusted online payment solution in when... Also through my podcast and this Blog, I figured going through Facebook and sending positive reviews that it pretty... With even more people having various experiences themselves using PayPal fee any?. Stop this scam: Hong Kong scheme described by you in the world of PayPal Hong Kong TECHNOLOGY! - Mainland, Hong Kong per month on it not receive a response I get that that! & gt ; some of which are covered by the way thanks for Blog! Advice on which you should rely way I know is to show how strong the company and/or Group financially. Card issue it is not intended to cover every aspect of the PayPal Group on behalf PayPal... Is straightforward you sent an automatic payment to someone else who has a USD account... On hosting, services, and other items then convert it on more exchange. In UK for an ad-hoc job or its affiliates link in the Community my address, I have to. That I dont have a Blog about alternatives https: //www.globalfromasia.com/cross-border-payments/ to visit the Group.