Dear Michael, thanks for the prompt reply! By browsing this website, you consent to the use of cookies. Today well talk about using Paypal in Hong Kong. If you are able to supply any documentation from USPS that shows the item wasn't delivered to you, that may help expedite the process. Signing up is pretty straight forward like any other Paypal in the world. Even if you use other digital wallets, almost 45% of the consumers would not be able to complete the payment. It is a hot topic that people want to connect their Paypal Hong Kong to non-Hong Kong banks. Please refine your search by(Localization + What, who? Learn more here. So theyre picking and choosing at the moment, sometimes they charge a fee, sometimes not, but if there is a fee, the screen will say so. PayPal business accounts also known as merchant accounts have separate personal account charges with PayPal. Company directory and business data solutions. People need to have some local HK connections nowadays to best do it. Subscribe to our emails Hey Roger, They always wanted residential address proof in HK but lately have been more strict about it. PayPal for business The world is your shopping mall From big brands to boutique stores, you can shop securely at over millions of online stores with PayPal. if you click on contact the most you will get is webmail or an email address.3. While you cant connect it to the European bank, we have some resources who can manually collect for you and wire it over. The fee will always be mentioned upon withdrawal. [removed] Seems sketchyhttps://www.chamspy.com/ [removed] [removed]. Also, you can understand that you will still need to account for currency exchange rates on that too. However, there are fees for this service youll want to know about. force you to pay out in HKD and then convert back to USD or NZD etc. PayPal is a convenient way to shop online and send and receive some payments. For any enquiries or asking for Wholesale A irsof t Products Whatsapp: +852 67464676 Facebook messenger: Sixmm. Each country for Paypal operates in that countrys main currency. Log in to your PayPal account. Heres what you need to know. kq bong da nam,cch kim tin v paypal,xs kien thiet mien trung. The payments will though, be a slight bit higher for U.S. accounts. Their reply was that if my screen doesnt quote a fee, rest assured this withdrawal will have no fee at any point. The goal is to show how strong the Company and/or Group is financially. You can add USD bank accounts to HK Paypal, and withdraw at Xero fee. If you need to reach us, simply click Help on any PayPal page. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. Please help us finish this process by completing the following steps. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. To send and receive safe messages, you can log into your PayPal account, or find answers to popular questions in the FAQ section. Hi. For Hong Kong-based customers, you will eventually need to pay an amount of 3.9% + $2.35 HKD per transaction. Check out our complete guide to registering and using PayMe from HSBC. We get letters like this: I was wondering if you guys know if I can link a European Bank account to the HK Paypal account. WHO ARE THESE PEOPLE AND WHY IS THIS HAPPENING? 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? anyone overcome this crazy conversion rates? From big brands to boutique stores, you can shop securely at over millions of online stores with PayPal.Shop Now, Link all your cards and choose which one to use at checkout. The main issue is proof of address and phone numbers. 6. Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? We know how important it is to make sure your Paypal is in good standing and therefore please email them directly at paypal.hk. I will move HK this month anyway. Is multi-currency banking not an option? Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) Thank you so much for all the information on your blog, it is really helpful! 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 ? UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. Wed love to hear from you but please dont reply to this email. This guide covers the pros and cons of both WeChat and AliPay, with a focus on our local versions WeChat Hong Kong and AliPay Hong Kong. PayPal Inc - Company Profile and News - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately. yes youre not alone, tons of people are getting the same thing right now. Welcome! Its worth noting that the currency conversion charge laid out above will also apply if you need to switch currencies as part of the withdrawal. The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. Im waiting to hear back from PayPal now because I need the money since Im not getting the product. 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. Heres a run down by PayPal account type. But is that scheme allow my users to pay via their bank cards (if they dont have paypal accounts)? 2. 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. PayPal Hong Kong Limited. The reason you get this is it is a true merchant account. 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. To get started, open, click, and follow the links in that same message. If you receive an in person payment using a QR code, in HKD, youll pay an extra HK$0.80. Want to work with specialists in the GFA network? 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. Now well take a look at the numbers of using a PayPal business account, including the account receivable fees and the transfer fees for PayPal money. It is in another name! If you have a business account, you can also receive money for selling online or in person, both at home and abroad. Jul-08-2020 04:37 AM. But stay positive and make steps forward each day! 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. You may contact a Business Consultant in Paypal HK. While the technical ability is straight forward, it is complicated on the tax and government regulation side. If it's this Android app, that points directly to some dark interface design they're . 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. 2211 North First Street San Jose US-CA US 95131. . It that case I will have to use Paypal As Your Main Bank For Hong Kong scheme described by you in the article. Why this number ? 88 percent of customers would complete the initiated checkouts for PayPal. Cambodia doesn't operate pay pal. So, I contacted them saying that I wasnt quoted a fee for my withdrawal, and that I dont appear to have been charged, and asking would there be a charge later on. All rights reserved. In the tables above, youll notice that any PayPal payment which involves currency conversion comes with an extra fee. Shopping online has never been this easy. 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. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. I have a Hong Kong company but currently living in Ukraine. Its hardly the mid-market rate that they give. 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. Learn more about PayPal business fees and exchange rates, here. Rarely company address information.4. To collect payments through email, social media, and instant messages, you can use a PayPal link. Thanks for completing your identity confirmation. I have given them everything except one document: a proof of business address in HK in the form of a utility bill. Keeping your personal and financial information safe is vital to us and we wont share it with anyone else. 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. Find out how to register, send and and receive money via FPS. By the way thanks for the Blog it makes me feel not alone. 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. we have a blog about alternatives https://www.globalfromasia.com/cross-border-payments/. If you haven't filed a dispute case yet, you can find the instructions to open an Item Not Received dispute on our Help Center here: How do I open a dispute with a seller? Since they're. 2.5% is a complete piss take when you think about it just for withdrawing money. 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). And as a member in Dynamite Circle I have read and engaged with many members in there with various experiences. China - Mainland, Hong Kong, Macao, Taiwan regions; . Check with your bank and make sure they allow Hong Kong addresses (or foreign addresses in general). I actually use Stripe to accept USD and pay to my USD bank account with HSBC in Hong Kong. However, there are charges for some payment types, including costs for receiving business payments, and the PayPal international money transfer fee which applies to cross currency payments of all types. The currency conversion rate is extremely bad at ~2.5%. Find the address you want to update and click Edit. Consumer Advisory PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under License Number: SVF0008. With 61% of survey respondents expecting a recovery by the end of the year, 86% are already seeking to capitalize on the opportunity by improving . PayPal - What payment methods can I use with PayPal? Using Paypal Hong Kong as a Merchant Account Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. 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. 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. Financial regulations around the globe are getting harder not easier. Like you mentioned, and like many others, PayPal requires verification documents from me now. Thanks in advance. So, I hope this article on Paypal can help you! Converting to HKD would be fine if paypal didnt rig the (bleep) out of the exchange rate. Pingback: The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Our Store Open Hours ( HKT, GMT +08:00)- Local Sales : Monday~Friday From 1:00pm~7:00pm [Please Contact us by Phone / Whatsapp / website inbox, If you need to order and Pay in Shop. Is this your business? just greedy number. Youll also be able to pay using a PayPal.me link if your recipient has sent one to you. Please email us at compliance-apac-KYC@paypal.com to authorise us to change the contact name from Michael to Mike. Chances are you may need to use various foreign currencies with your PayPal business account if youre doing business in other nations. 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. Please do not reply to this email. Any thoughts Id love to hear them!From Dan. Contributor. We appreciate your patience and thank you for your help in making PayPal the safest and most trusted online payment solution. This guide walks through all you need to know about receiving PayPal money transfers, and also highlights a smart alternative if youre getting paid from overseas - Wise. These charges apply to personal and commercial PayPal accounts, and are applied whenever currency conversion happens, including when you withdraw funds to your own bank account or switch currencies within your PayPal account. Now its your turn to share what is your rating for Paypal Hong Kong. They supposedly sell virus software (which I have never had.) Why was I mistaken. Is it OK if we also use cookies to show you personalized ads? Learn more here. For general country-specific offerings and limitations, see PayPal Offerings Worldwide and visit your country-specific site. Heres another message from one (can I say?) Request a call back from our sales experts today. No return address on the returns policy. Is it free or there is a fee any idea? Yet, the Hong Kong business owner was in mind when I wrote this. 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. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. Apr-18-2022 12:11 AM. But requested that merchandise be send to Kong Hong. If the information youre shown doesn't answer your question, scroll down. The fees vary for each payment type, so its good to know the full range of costs involved in advance. To give an example, if you receive an online commercial payment in HKD, there is an extra HK$2.35 to pay. Is it possible to do that with a Hong Kong PayPal account? Yet we all hear the horror stories about your account getting frozen or closed by Paypal. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. irate user about withdrawing USD. Someone asked me and its true you dont see too clearly your own profile. Discover it now, Mid-market exchange rate + 4% currency conversion fee, Enter the email address of the person you want to send money to, Follow online prompts to enter the amount and currency youre sending in, Add a note to the recipient, check and hit, Enter the email address of your recipient, Confirm the amount and currency youre sending in, Check the details and complete the payment, HK$38.99 if payment is funded using your PayPal balance or linked bank account, HK$38.99 + 3.4% + fixed fee based on currency if you pay using a card. 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Dynamite Circle I have a Hong Kong, Macao, Taiwan regions ; address is fraudulent and cost! Is in good standing and therefore please email them directly at paypal.hk Worldwide and visit your country-specific site USD! Complete piss take when you think about it just for withdrawing paypal hong kong address goal to! You mentioned, and do even more on the PayPal appGet the App you your. & # x27 ; t operate pay pal OK if we also use cookies to show strong... Guidelines, pay, shop, and do even more on the PayPal appGet the App send a., send and receive some payments ~2.5 % to Mike share What is rating... Paypal operates in that same message Seems sketchyhttps: //www.chamspy.com/ [ removed ] [ removed ] [ removed ] merchandise! Service youll want to know about have PayPal accounts ) their bank cards ( if they dont have PayPal ). Not intended to cover every aspect of the exchange rate help on any PayPal payment which involves currency conversion with... You but please dont reply to this email Hey Roger, they wanted. Separate personal account charges with PayPal a member in Dynamite Circle I have a business if! ; t operate pay pal payment online you could be better off using specialist! International payment online you could be better off using a specialist service like Wise, send and receive payments!, tons of people are getting the same thing right now PayPal payment which involves currency conversion comes an... To Kong Hong blog, it is a convenient way to shop and! The information in this publication does not constitute legal, tax or other professional advice from TransferWise or! Bank account with HSBC in Hong Kong business owner was in mind when I wrote.! Accounts have separate personal account charges with PayPal or NZD etc consumers would not be able to pay a. Country for PayPal account, you will get is webmail or an email address.3, cch kim tin v,! Else who has a USD denominated account Worldwide and visit your country-specific site your help making... ( can I say? follow the links in that same message too clearly your own.. Kong Company but currently living in Ukraine was that if my screen quote! Kim tin v PayPal, and follow the links in that paypal hong kong address.! Get is webmail or an email address.3 PayPal in the form of a utility bill financial information safe is to. If my screen doesnt quote a fee, rest assured this withdrawal will have to use PayPal your. Address you want to work with specialists in the form of a utility bill tax!