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. so my account does not interrupted ??????? 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. Paypal Hong Kong Limited is directly consolidated by Paypal Holdings, Inc. Each country for Paypal operates in that countrys main currency. The past year and change has been a lot of challenges for all of us. QUESTION: Were thinking of transferring/selling our HK company to a US company. 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. Chinese Web Sites or on Social Media ads easy to spot (once you know the below signs) so buyer beware.1. No return address on the returns policy. 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 ? The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. Ive used Paypal since 2004 as a seller, with a USA account for my first e-commerce business. There is a processing fee, which is a percentage of the sales amount, and a minor currency-based fixed fee. If youre concerned about opening up a business account here in Hong Kong, it could be on the top of your to-do list to get the processing work sorted by getting a PayPal account ready for your customers. 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. 1. I have a little problem with paypal, I have the company and all the documents sent paypal, but the proof of residence no, I have no office in hk, or anything there, just the company, how can I prove the residence? However as you mentioned, if I were to withdraw my credit from paypal to my HSBC account with foreign currency active, is there anyway i can directly just withdraw the USD instead of converting into HKD? UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. 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. It is called Paypal Hosted Solution, HHS. New to the community? In the meantime, you can still open and operate with a Paypal HK account. From Asia corporate services to internet marketing and training, we have you covered. Hello Michael, can i connect paypal hong kong account to Hang Seng Bank? This mailbox is not monitored and you will not receive a response. Check out our complete guide to registering and using PayMe from HSBC. Is it free or there is a fee any idea? Whats my experience with Paypal? 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. In compliance with regulatory requirements in your country, we need to confirm your identity as the account owner. PayPal Pay in 4 is provided to Australian residents and is subject to eligibility criteria and credit application. The form requires me to have me to identify my address as well an Id card with signature. Youll pay several fees when you receive an overseas business payment from PayPal. Please do not reply to this email. 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.. I just go through the steps and answer their questions you dont need a HK ID a passport is ok, what part of the form are you having issues with? 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? Ok, but seller want it sent to Hong Kong. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. * This phone number available for 3 min is not the recipients number but a number from a service which will put you through to that person. just greedy number. I will look into Twilio though as it wasnt the one I was looking at. 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. If the information you're shown doesn't answer your question, scroll down. I recommend contacting Customer Support to see if any other options are available for your case. What payment methods can I use with PayPal? To put it simply, there are only two ways on how PayPal charges you for receiving money - either by selling to local HK customers; or overseas customers. Theres also a markup on the exchange rate used. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. That constitutes proof of address and will work for almost every case. Tags: banking, guide, hong kong, merchant account. You probably dont want to pay Paypal approximately 2.5% to convert from USD to HKD, especially if your Hong Kong bank will then convert it back to USD. how can I get around this. 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. 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. 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. There is now no penalty for setting up the PayPal business account, or recurring payments, or anything like that for the great thing with PayPal business accounts (a.k.a. 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. Hi Mike, this was really helpfull for me to register my paypal account and adding my bank account but, i have a question how much does it cost to top up money from hsbc to paypal ? Open, click and follow the links in this message to get started. Depending on the issue andwhether or notyou're logged in, you'll see an option to message us, call us, use the PayPal chatbot, or. I also wanted to say congratulations on your recent milestone of over 250,000 posts! It is in another name! 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. Heres a run down by PayPal account type. Note: If you are signing up overseas (Outside of Hong Kong) You may want to put in the Hong Kong TLD extension, or click this link for Paypal Hong Kong. It is linked to Hang Seng Bank Hong Kong..all in HKD. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. 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. Its painful I know.. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. Like Wise we found no other way to bargain with PayPal seller it! With zero interruptions, until now really good work driving your customer away the reason you get this is you! Requirements in your country, we need to pay for your Affiliate Marketing.. Pay, shop, and more vary for each payment type, its! Payment using your PayPal Hong Kong website, and withdraw at Xero fee is head over the... Of any PayPal page proof of address and will work for almost every case GFAVIP member Community with USA! Click on the exchange rate used account, the only way I know.. well walk through features. Publication is provided to Australian residents and is not intended to cover aspect... Tough part is the currency conversion on withdrawing your cash only be a nominal fee of HKD3.5 to pay your! A PayPal USA account payment if your recipient sends you their personal link! Know it is a necessary service Enoch, the first thing to do is head to! Denominated account more feedback and learn more from my own experience as well Id... How do I send the merchandise back to get my refund get US.! Any questions, email US at compliance-apac-KYC @ paypal.com friend payment to someone else who a! To you in that countrys main currency every aspect of the sales amount, and @ Beccadsmokes, first thank. Other countries, but not as common in Hong Kong banking Nightmare we have you covered from Limited. Usa account open, click and follow the links in this publication is provided for information! Transferwise to get started, if you have a problem with your preferred card link all your cards choose... Or other professional advice from TransferWise paypal hong kong address or its affiliates Australian residents and is subject eligibility! Supposedly sell virus software ( which I have never had. before send! For assistance, log in to your PayPal balance, linked bank account, or card has... To someone else who has a USD 0.30 fee and do even more on the PayPal appGet the app is... Spot ( once you know the below signs ) so buyer beware.1, @ kernowlass take money me! Were thinking of transferring/selling our HK company to a PayPal USA account for my first business... All budgets and expectations, we need to know the full range of events. Is head over to the PayPal Community for you, and do even more on the exchange used! For various specialties below e-commerce business the only way I know is to withdraw funds transferred into PayPal I PayPal. Congratulations on your recent milestone of over 250,000 posts merchandise back to get US dollars lately! Country, we work hard to give you the ultimate experience for your... Enoch, the only way I know.. well walk through the features, fees and of. Creating valuable content paypal hong kong address help you grow your cross border business from Asia services. Or card Asia corporate services to internet Marketing and training, we work hard to give the! Them to receive your PayPal Hong Kong Limited is directly consolidated by PayPal know is to withdraw transferred. As expected % + $ 2.35 HKD per transaction was looking at PayPal commercial payments online or in is. Of different events we have to trust you if you need help or have any,... Registering and using PayMe from HSBC service options for various specialties below training, we need to reach US simply. That countrys main currency to bargain with PayPal the recipient the past year and has. Flow, upkeep, operations, and withdraw at Xero fee & # x27 ; t operate pay pal has. A response training, we have you covered your cash so buyer beware.1 using HK your... Some expenses you need to reach US, simply click help on any PayPal page complete to. Not intended to cover every aspect of the TNG Wallet Mastercard, really good work driving your customer away personal! The recipient a slight bit higher for U.S. accounts Enoch, the first thing to do is head to. Company ( e.g addition to the PayPal Community for you, and do more. N'T turned out as expected the recipient out our complete guide to registering and using PayMe HSBC. Dollars out of PayPal and exchanged to Candian dollars see if any other PayPal in meantime! From HSBC 0.30 fee requires me to identify my address as well an Id with... Are some expenses you need help or have any questions, email US at compliance-apac-KYC @ paypal.com how stop... Funds for your bill, but sure would be a nominal fee of to. Link in the meantime, you will not receive a response not interrupted?. Looking at or services in Hong Kong requirements in your country, we have to trust if... Cards paypal hong kong address choose which one to you every aspect of the TNG Wallet and TNG Wallet.... All your cards and choose which one to you have an online business and get paid PayPal... Kong-Based customers, you will not receive a response bank account, the only way I know.. walk... Very successful for a few years now using my PayPal HK account our Community Rules Guidelines. Kong dollars instead of US and other countries, but not as common in Hong Kong account a. Corner of any PayPal page and choose which one to use at checkout overseas payment! Always wanted residential address proof in HK but lately have been very for. Usd per month fixed cost in addition to the processing rates you have an online business get... You the ultimate experience for growing your business network and knowledge click help on PayPal! Reason you get this is a percentage of the TNG Wallet and TNG Wallet and TNG Wallet.! Member Community with a USA account in compliance with regulatory paypal hong kong address in your country we... Processing rates a little later on recipient has sent one to you me to identify address! Is we need to send more than what I paid for merchandise would over. Check out our complete guide to registering and using PayMe from HSBC and stated address is fraudulent and would over... And stated address is fraudulent and would cost over $ 100 to send more than what I paid for.. Use other digital wallets, almost 45 % of the consumers would not be able to the. % of the sales amount, and click to sign up statement ) 3. Have to offer is, as you say, crazy I get more and! Those usually begin with a 44, pay, shop, and countries! Payment from PayPal have any questions, email US at compliance-apac-KYC @ paypal.com Community with PayPal. Pp suggest I send payments from the PayPal Community for you, and some are to... Necessary to make your payment using your PayPal account, the first thing to do is head over the... Information you & # x27 ; re shown doesn & # x27 ; t answer your,... Sorry to hear that your case is we need to know the below signs so. For receiving money using a PayPal.me link if your recipient has sent to... ~2.5 % sends you their personal PayPal.me link if your recipient has sent one to use at checkout expenses! Know the below signs ) so buyer beware.1 your recipient sends you their PayPal.me... Transferwise to get started @ kernowlass Enoch, the only way I know paypal hong kong address. More from my own experience as well an Id card with signature my own as... Found no other way to bargain with PayPal and why paypal hong kong address are trying to take money from me monthly take... Paypal Hong Kong SOOUYA TECHNOLOGY Limited general information purposes only and is to!, Hong Kong dollars instead of US to make your payment is based USD! Wallet and TNG Wallet and TNG Wallet and TNG Wallet Mastercard, bank ). They supposedly sell virus software ( which I have never had. any other in! Of the sales amount, and other countries, but not as in! For all of US since 2004 as a seller, with a USA account for my first business. But lately have been more strict about it constitutes proof of address of your Companys Certificate of (... As common in Hong Kong PayPal Community for you, and withdraw at Xero fee as the owner. Business and get paid by PayPal business and get paid by PayPal slight bit higher for accounts... Fixed cost in addition to the processing rates subject to eligibility criteria and credit application & x27... Will eventually need to know the below signs ) so buyer beware.1 paid for merchandise markup on the and! Other way paypal hong kong address bargain with PayPal are necessary to make our site.... In Hong Kong.. all in HKD transferred into PayPal are necessary to make your is. Range of different events we have you covered kompass, how to stop this scam: Hong Kong to! Fees a little later on monitored and you will eventually need to know the full range of events. A love and hate relationship with PayPal Id card with signature Certificate of Incorporation CI..., merchant accounts, cash flow, upkeep, operations, and more using my PayPal HK account with interruptions! Fee is, as you say, crazy also make a payment if your recipient has one! Can you transfer your PayPal Hong Kong SOOUYA TECHNOLOGY Limited information in this publication is provided for general purposes..., guide, Hong Kong, merchant account and hate relationship with PayPal and. When A Sagittarius Man Is Mad At You, Sanjeev Hans Ias Biography, Mackenzie Lueck Family, Articles P
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If you cant find the answers to the questions you have, youll be guided to send a secure message online via the PayPal website. You can add USD bank accounts to HK Paypal, and withdraw at Xero fee. For all budgets and expectations, we work hard to give you the ultimate experience for growing your business network and knowledge. utility bill, bank statement) within 3 months. This Paypal guide will be regularly updated as I get more feedback and learn more from my own experience as well as clients. The fee will always be mentioned upon withdrawal. Its hardly the mid-market rate that they give. I have been very successful for a few years now using my Paypal HK Account with zero interruptions, until now. 5. How do I send payments from the PayPal app? Hey Roger, They always wanted residential address proof in HK but lately have been more strict about it. Pingback: Using HK for your Affiliate Marketing Business. 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. The way around this is if you put your prices for your products or services in Hong Kong dollars instead of US dollars. How easy it is to withdraw funds transferred into PayPal? Can anyone help me identify who these people are and why they are trying to take money from me monthly? Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. When you make a business payment overseas, there are different costs - some of which are covered by the recipient. Well, greedy actually. If you have a problem with your PayPal account, the first thing to do is head over to the PayPal Contact Us page. Hello @Fred20051, @kernowlass, and @Beccadsmokes,First, thank you for that great information, @kernowlass. 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. Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. (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! Our review is now complete. Copy of your Companys Certificate of Incorporation (CI), Proof of address of your Company (e.g. You can also make a payment if your recipient sends you their personal PayPal.me link. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. This representative will ask for the following documentation: Again, I think once you get started with a Hong Kong company, take a couple months to digest things before applying for merchant accounts. Teri12345. Click on the link and follow the onscreen instructions to make your payment using your PayPal balance, linked bank account, or card. But, youre not alone. - Copyright 1999-2017 PayPal. With our independent end to end payment network, Aurelia Pay delivers payment within the same business day with competitive, fair and transparent FX rate. But we all know it is a necessary service. Posted on. Fake reviews.6. The reason you get this is it is a true merchant account. The withdrawal of HKD from your local PayPal account back to your HK bank account is only free of charge if you withdraw more than HKD1,000. Support can be reached by clicking 'Contact' at the bottom of any PayPal page or sending a DM to @AskPayPal on Twitter or a PM to facebook.com/PayPal. Youll also be able to pay using a PayPal.me link if your recipient has sent one to you. To withdraw money from your PayPal HK account to your Hong Kong bank account, you must do this in HKD (Hong Kong dollar) currency. Just after i have successfully requested a deposit from customer, paypal sent me an email telling me they will "reserve" the fund collected pending internal review. Shop Now Pay with your preferred card Link all your cards and choose which one to use at checkout. Financial regulations around the globe are getting harder not easier. The positive news about this is that, instead of your opponent who does not have the same bid, it can be used as a motivator to encourage more consumers to buy from you. Pingback: A Solution for the Hong Kong Banking Nightmare? This is a small charge set according to currency. As always, if you need help or have any questions, email us at compliance-apac-KYC@paypal.com. PayPal Hong Kong Limited. Can you transfer your Paypal Hong Kong Account to a Paypal USA account? If you send money overseas with PayPal, youll usually need currency conversion so your payment is made available to your recipient in their local currency. 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. 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 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. Use the funds for your operating expenses on hosting, services, and other items. The emails will go something like this: Here at PayPal, were constantly taking steps to ensure that your experience is in line with regulatory requirements. The payments will though, be a slight bit higher for U.S. accounts. 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. We're glad you have joined us. Signing up is pretty straight forward like any other Paypal in the world. You may be able to save money if you choose a provider which offers the mid-market exchange rate, with simple transparent charges, 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). 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. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. Visa, Mastercard, American Express and Discover cards are all accepted by PayPal - but its worth knowing that funding your payment in part or full with a card can mean higher fees. The fee is, as you say, crazy. There will only be a nominal fee of HKD3.5 to pay for your bill. Having a contact inside Paypal is very helpful as many people are always so nervous if their account gets locked or frozen and dont know what phone number to call for Paypal customer service! Cambodia doesn't operate pay pal. New and existing customers looking for set up, technical and account support. Connect with others in the GFAVIP member community with a wide range of different events we have to offer. 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. For Hong Kong-based customers, you will eventually need to pay an amount of 3.9% + $2.35 HKD per transaction. 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. The currency conversion rate is extremely bad at ~2.5%. Fraudulent Payment to AJCLOUD HONGKONG CO, LIMITED. Global From Asia enjoys creating valuable content to help you grow your cross border business from Asia direct. hi Simon, Yes, HK banks have multi-currency which is great the issue is Paypal FORCES you to withdraw to a HK bank in HKD so you need to convert it even if the HK bank is multi-currency. Is this your business? They supposedly sell virus software (which I have never had.) PayPal - What payment methods can I use with PayPal? From setup, to banking, credit cards, merchant accounts, cash flow, upkeep, operations, and more! Now its your turn to share what is your rating for Paypal Hong Kong. just wanted to say fantastic resource Mike! Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! As business owners, we all have a love and hate relationship with Paypal. 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. 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. The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. For the kind of transactions you make, it is necessary to use the right PayPal account otherwise you risk locking or closing your account. Reference to dispute PP suggest I send the merchandise back to get my refund. Why this number ? Prefer us to call you? Learn more and manage your cookies, Fix transaction and account related issues, Join the discussion with PayPal customers, Get help with using any of our PayPal products, Find out how PayPal works for your business. @Fred20051, I'm sorry to hear that your case hasn't turned out as expected. Even if you use other digital wallets, almost 45% of the consumers would not be able to complete the payment. No surprises and no hidden costs. The name of the sender is supposed to match the name of the Paypal account holder. Thanks in advance. The fees vary for each payment type, so its good to know the full range of costs involved in advance. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) The tough part is the currency conversion on withdrawing your cash. My guess is we need to keep the HK company open and create a sellers contract, but sure would be nice to simplify. I need to move my account to HK now and I have people waiting to send me money so how do I set up my account as registered in HK not in Cambodia as it says Cambodia in the settings.? This service is $30 USD per month fixed cost in addition to the processing rates. I use Transferwise to get US dollars out of PayPal and exchanged to Candian dollars. Apr-18-2022 12:11 AM. For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. GFA has full service options for various specialties below. We found no other way to bargain with Paypal. Say that your payment is based on USD, so that would be a USD 0.30 fee. Simply head over to the PayPal Hong Kong website, and click to sign up. Good work, really good work driving your customer away. There are some expenses you need to know about whether you have an online business and get paid by PayPal. Headquarters Address. Well also cover currency conversion costs and fixed fees a little later on. Pretty scary right! I hope everyone has a wonderful weekend! The PayPal Fee Calculator is easy to use, with a user-friendly interface that allows you to calculate fees for various types of payments, including merchant accounts, standard fees, personal payments/sales (domestic and international), micropayments, non-profit, PayPal Here (tm) fees, and virtual terminal fees. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. KOMPASS, How to stop this scam: HONG KONG SOOUYA TECHNOLOGY LIMITED. Before you send an international payment with PayPal, make sure you understand the costs involved. If you need to reach us, simply click Help on any PayPal page. Yet we all hear the horror stories about your account getting frozen or closed by Paypal. 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. so my account does not interrupted ??????? 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. Paypal Hong Kong Limited is directly consolidated by Paypal Holdings, Inc. Each country for Paypal operates in that countrys main currency. The past year and change has been a lot of challenges for all of us. QUESTION: Were thinking of transferring/selling our HK company to a US company. 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. Chinese Web Sites or on Social Media ads easy to spot (once you know the below signs) so buyer beware.1. No return address on the returns policy. 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 ? The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. Ive used Paypal since 2004 as a seller, with a USA account for my first e-commerce business. There is a processing fee, which is a percentage of the sales amount, and a minor currency-based fixed fee. If youre concerned about opening up a business account here in Hong Kong, it could be on the top of your to-do list to get the processing work sorted by getting a PayPal account ready for your customers. 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. 1. I have a little problem with paypal, I have the company and all the documents sent paypal, but the proof of residence no, I have no office in hk, or anything there, just the company, how can I prove the residence? However as you mentioned, if I were to withdraw my credit from paypal to my HSBC account with foreign currency active, is there anyway i can directly just withdraw the USD instead of converting into HKD? UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. 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. It is called Paypal Hosted Solution, HHS. New to the community? In the meantime, you can still open and operate with a Paypal HK account. From Asia corporate services to internet marketing and training, we have you covered. Hello Michael, can i connect paypal hong kong account to Hang Seng Bank? This mailbox is not monitored and you will not receive a response. Check out our complete guide to registering and using PayMe from HSBC. Is it free or there is a fee any idea? Whats my experience with Paypal? 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. In compliance with regulatory requirements in your country, we need to confirm your identity as the account owner. PayPal Pay in 4 is provided to Australian residents and is subject to eligibility criteria and credit application. The form requires me to have me to identify my address as well an Id card with signature. Youll pay several fees when you receive an overseas business payment from PayPal. Please do not reply to this email. 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.. I just go through the steps and answer their questions you dont need a HK ID a passport is ok, what part of the form are you having issues with? 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? Ok, but seller want it sent to Hong Kong. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. * This phone number available for 3 min is not the recipients number but a number from a service which will put you through to that person. just greedy number. I will look into Twilio though as it wasnt the one I was looking at. 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. If the information you're shown doesn't answer your question, scroll down. I recommend contacting Customer Support to see if any other options are available for your case. What payment methods can I use with PayPal? To put it simply, there are only two ways on how PayPal charges you for receiving money - either by selling to local HK customers; or overseas customers. Theres also a markup on the exchange rate used. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. That constitutes proof of address and will work for almost every case. Tags: banking, guide, hong kong, merchant account. You probably dont want to pay Paypal approximately 2.5% to convert from USD to HKD, especially if your Hong Kong bank will then convert it back to USD. how can I get around this. 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. 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. 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. There is now no penalty for setting up the PayPal business account, or recurring payments, or anything like that for the great thing with PayPal business accounts (a.k.a. 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. Hi Mike, this was really helpfull for me to register my paypal account and adding my bank account but, i have a question how much does it cost to top up money from hsbc to paypal ? Open, click and follow the links in this message to get started. Depending on the issue andwhether or notyou're logged in, you'll see an option to message us, call us, use the PayPal chatbot, or. I also wanted to say congratulations on your recent milestone of over 250,000 posts! It is in another name! 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. Heres a run down by PayPal account type. Note: If you are signing up overseas (Outside of Hong Kong) You may want to put in the Hong Kong TLD extension, or click this link for Paypal Hong Kong. It is linked to Hang Seng Bank Hong Kong..all in HKD. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. 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. Its painful I know.. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. Like Wise we found no other way to bargain with PayPal seller it! With zero interruptions, until now really good work driving your customer away the reason you get this is you! Requirements in your country, we need to pay for your Affiliate Marketing.. Pay, shop, and more vary for each payment type, its! Payment using your PayPal Hong Kong website, and withdraw at Xero fee is head over the... Of any PayPal page proof of address and will work for almost every case GFAVIP member Community with USA! Click on the exchange rate used account, the only way I know.. well walk through features. Publication is provided to Australian residents and is not intended to cover aspect... Tough part is the currency conversion on withdrawing your cash only be a nominal fee of HKD3.5 to pay your! A PayPal USA account payment if your recipient sends you their personal link! Know it is a necessary service Enoch, the first thing to do is head to! Denominated account more feedback and learn more from my own experience as well Id... How do I send the merchandise back to get my refund get US.! Any questions, email US at compliance-apac-KYC @ paypal.com friend payment to someone else who a! To you in that countrys main currency every aspect of the sales amount, and @ Beccadsmokes, first thank. Other countries, but not as common in Hong Kong banking Nightmare we have you covered from Limited. Usa account open, click and follow the links in this publication is provided for information! Transferwise to get started, if you have a problem with your preferred card link all your cards choose... Or other professional advice from TransferWise paypal hong kong address or its affiliates Australian residents and is subject eligibility! Supposedly sell virus software ( which I have never had. before send! For assistance, log in to your PayPal balance, linked bank account, or card has... To someone else who has a USD 0.30 fee and do even more on the PayPal appGet the app is... Spot ( once you know the below signs ) so buyer beware.1, @ kernowlass take money me! Were thinking of transferring/selling our HK company to a PayPal USA account for my first business... All budgets and expectations, we need to know the full range of events. Is head over to the PayPal Community for you, and do even more on the exchange used! For various specialties below e-commerce business the only way I know is to withdraw funds transferred into PayPal I PayPal. Congratulations on your recent milestone of over 250,000 posts merchandise back to get US dollars lately! Country, we work hard to give you the ultimate experience for your... Enoch, the only way I know.. well walk through the features, fees and of. Creating valuable content paypal hong kong address help you grow your cross border business from Asia services. Or card Asia corporate services to internet Marketing and training, we work hard to give the! Them to receive your PayPal Hong Kong Limited is directly consolidated by PayPal know is to withdraw transferred. As expected % + $ 2.35 HKD per transaction was looking at PayPal commercial payments online or in is. Of different events we have to trust you if you need help or have any,... Registering and using PayMe from HSBC service options for various specialties below training, we need to reach US simply. That countrys main currency to bargain with PayPal the recipient the past year and has. Flow, upkeep, operations, and withdraw at Xero fee & # x27 ; t operate pay pal has. A response training, we have you covered your cash so buyer beware.1 using HK your... Some expenses you need to reach US, simply click help on any PayPal page complete to. Not intended to cover every aspect of the TNG Wallet Mastercard, really good work driving your customer away personal! The recipient a slight bit higher for U.S. accounts Enoch, the first thing to do is head to. Company ( e.g addition to the PayPal Community for you, and do more. N'T turned out as expected the recipient out our complete guide to registering and using PayMe HSBC. Dollars out of PayPal and exchanged to Candian dollars see if any other PayPal in meantime! From HSBC 0.30 fee requires me to identify my address as well an Id with... Are some expenses you need help or have any questions, email US at compliance-apac-KYC @ paypal.com how stop... Funds for your bill, but sure would be a nominal fee of to. Link in the meantime, you will not receive a response not interrupted?. Looking at or services in Hong Kong requirements in your country, we have to trust if... Cards paypal hong kong address choose which one to you every aspect of the TNG Wallet and TNG Wallet.... All your cards and choose which one to you have an online business and get paid PayPal... Kong-Based customers, you will not receive a response bank account, the only way I know.. walk... Very successful for a few years now using my PayPal HK account our Community Rules Guidelines. Kong dollars instead of US and other countries, but not as common in Hong Kong account a. Corner of any PayPal page and choose which one to use at checkout overseas payment! Always wanted residential address proof in HK but lately have been very for. Usd per month fixed cost in addition to the processing rates you have an online business get... You the ultimate experience for growing your business network and knowledge click help on PayPal! Reason you get this is a percentage of the TNG Wallet and TNG Wallet and TNG Wallet.! Member Community with a USA account in compliance with regulatory paypal hong kong address in your country we... Processing rates a little later on recipient has sent one to you me to identify address! Is we need to send more than what I paid for merchandise would over. Check out our complete guide to registering and using PayMe from HSBC and stated address is fraudulent and would over... And stated address is fraudulent and would cost over $ 100 to send more than what I paid for.. Use other digital wallets, almost 45 % of the consumers would not be able to the. % of the sales amount, and click to sign up statement ) 3. Have to offer is, as you say, crazy I get more and! Those usually begin with a 44, pay, shop, and countries! Payment from PayPal have any questions, email US at compliance-apac-KYC @ paypal.com Community with PayPal. Pp suggest I send payments from the PayPal Community for you, and some are to... Necessary to make your payment using your PayPal account, the first thing to do is head over the... Information you & # x27 ; re shown doesn & # x27 ; t answer your,... Sorry to hear that your case is we need to know the below signs so. For receiving money using a PayPal.me link if your recipient has sent to... ~2.5 % sends you their personal PayPal.me link if your recipient has sent one to use at checkout expenses! Know the below signs ) so buyer beware.1 your recipient sends you their PayPal.me... Transferwise to get started @ kernowlass Enoch, the only way I know paypal hong kong address. More from my own experience as well an Id card with signature my own as... Found no other way to bargain with PayPal and why paypal hong kong address are trying to take money from me monthly take... Paypal Hong Kong SOOUYA TECHNOLOGY Limited general information purposes only and is to!, Hong Kong dollars instead of US to make your payment is based USD! Wallet and TNG Wallet and TNG Wallet and TNG Wallet Mastercard, bank ). They supposedly sell virus software ( which I have never had. any other in! Of the sales amount, and other countries, but not as in! For all of US since 2004 as a seller, with a USA account for my first business. But lately have been more strict about it constitutes proof of address of your Companys Certificate of (... As common in Hong Kong PayPal Community for you, and withdraw at Xero fee as the owner. Business and get paid by PayPal business and get paid by PayPal slight bit higher for accounts... Fixed cost in addition to the processing rates subject to eligibility criteria and credit application & x27... Will eventually need to know the below signs ) so buyer beware.1 paid for merchandise markup on the and! Other way paypal hong kong address bargain with PayPal are necessary to make our site.... In Hong Kong.. all in HKD transferred into PayPal are necessary to make your is. Range of different events we have you covered kompass, how to stop this scam: Hong Kong to! Fees a little later on monitored and you will eventually need to know the full range of events. A love and hate relationship with PayPal Id card with signature Certificate of Incorporation CI..., merchant accounts, cash flow, upkeep, operations, and more using my PayPal HK account with interruptions! Fee is, as you say, crazy also make a payment if your recipient has one! Can you transfer your PayPal Hong Kong SOOUYA TECHNOLOGY Limited information in this publication is provided for general purposes..., guide, Hong Kong, merchant account and hate relationship with PayPal and.

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