- Copyright 1999-2017 PayPal. How is your experience using Paypal in the Hong Kong business market? You can add USD bank accounts to HK Paypal, and withdraw at Xero fee. How can I get that knowing that I dont have a real office in HK ? Theres just a transparent charge per transaction, and you can see upfront exactly how much the recipient will get. 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? 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. Does anyone have any good solutions? In the meantime, you can still open and operate with a Paypal HK account. Include audit reports of your parent company, associated companies and subsidiaries. You can also check for my latest podcasts on Paypal and other merchant accounts on the site here. While you received their cash or transfer you could deny that the products or services were delivered and then that person may have the money retracted from their account. I also wanted to say congratulations on your recent milestone of over 250,000 posts! 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. * 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. They may likely reject the payment. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. Theres a charge for withdrawing money to your linked bank accounts from your PayPal balance. Im still interested in hearing about any solutions people are using. Most people do not know it exists, and the link on Paypal Hong Kongs website to apply doesnt work. What about migrating a Paypal account to HK? We have a Remittance Partner Recommendation. Apr-18-2022 12:11 AM. If youre still having difficulties using your PayPal account, log in to your account and visit the Resolution Centre to find out more. 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%. But requested that merchandise be send to Kong Hong. Shopping online has never been this easy. 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. The details, per the email: "CSP-Basic Storage 7 days and . WeChat Pay Hong Kong Limited. @Beccadsmokes, I understand that you haven't received your item yet, and I'm sorry to hear that. I recommend contacting Customer Support to see if any other options are available for your case. just wanted to say fantastic resource Mike! Please contact us for details for now. Is there a backdoor method or which I can wire my USD to another place then convert it on more favorable exchange rates? Whats my experience with Paypal? In as much as we would want to say, yes we found a solution, well, we didnt. 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. 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. Our review is now complete. To send and receive safe messages, you can log into your PayPal account, or find answers to popular questions in the FAQ section. Its hardly the mid-market rate that they give. It could be that the error is shown only at some times, or that the error is not shown all of the required times. I have a HK mobile phone plan that I use traveling abroad, may be worth the investment? 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 ? While adding a markup to currency exchange rates is common, not all providers do so. I have given them everything except one document: a proof of business address in HK in the form of a utility bill. People need to have some local HK connections nowadays to best do it. Keeping your personal and financial information safe is vital to us and we wont share it with anyone else. 2 people found this solution to be helpful. Paypal, on the other hand, charges by tier rate from 3.9% down to 2.9% + HK$2.35 for local currency transaction in Hong Kong. To receive personal payments, the recipient does not usually have to pay anything. you can buy my complete Hong Kong Supercharged Guide Book. App similar to findmyiphone but for Androids. 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. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. So, in the PayPal account, your clients can easily pay and you can even accept payments from other marketplaces, including Amazon and others. Luckily, there are more and more choices lately and the fees are still rather high comparatively speaking but coming down. For general country-specific offerings and limitations, see PayPal Offerings Worldwide and visit your country-specific site. 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). 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. 6. I would also be very interested in the answer to this question. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. Dont know who you are but why yall talking money out my account, Pay, shop, and do even more on the PayPal app. Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? PayPal - How do I send money through PayPal? 1999-2023 PayPal, Inc. All rights reserved. Strap on your seat belts, this is going to be fun! Contact Us Create a free Business Account They can only receive SMSs from an actual mobile. A payment was posted from my individual PayPal account to <removed>, LIMITED on July 6. Step 2: Provide your recipient's name, address, and phone number. 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. By browsing this website, you consent to the use of cookies. There are some expenses you need to know about whether you have an online business and get paid by PayPal. PayPal will carry out currency exchange for you - but youll need to pay a 4% Currency Conversion Fee on top of any other charges levied. By the way thanks for the Blog it makes me feel not alone. 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. It is in another name! Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . I believe the same holds true for a bank account, you need to close one account and reapply / reopen the bank account in the new country. *Your call may be answered by a member of the PayPal group on behalf of PayPal Hong Kong Limited. Heres what you need to know. Copy of your Companys Certificate of Incorporation (CI), Proof of address of your Company (e.g. Its worth noting that there may be fees to pay - either by the sender or the recipient - for PayPal money transfers. Pingback: Hong Kong Needs Stripe Merchant Account Services! But PayPal isnt the only way to make and receive digital payments. Learn more here. But if the customers are worldwide, then you will be paid 4.4% + fixed rates. Find out how to register, send and and receive money via FPS. For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. The fee will always be mentioned upon withdrawal. KOMPASS, Looking for PayPal Business Solutions? (Hardest time/ task ever just to get my money back). Ok, but seller want it sent to Hong Kong. Another Option To Send Transfers Within Asia. The main issue is proof of address and phone numbers. '', 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.''. The REST APIs support many countries for PayPal account payments if you have a business account. 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. Over 80% of surveyed SMBs embrace digital to grow cross-border selling. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. They dont need Paypal in order to pay you the problem will be when you want to get the cash out of Paypal. Thanks for your fast response. It is called Paypal Hosted Solution, HHS. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. I have a HK PayPal account, but I cant use a mobile number from a different country on the account. 15th Floor Central Plaza 18 Harbour Road Rooms 1506-07 Wan Chai HK. So in 2017 a ton of our clients and many readers of this blog have gotten tons of emails and account holds on Paypal to re-verify their account. The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. Is multi-currency banking not an option? Purchase a 1999-2023 PayPal, Inc. All rights reserved. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. New to the community? Of course, based on whatever currency you are relying on the fixed fees are different. Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. 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%. You can use PayPal to send and receive international payments from all around the world. Your HSBC e-statement should enough. However if a friend wants to make a payment to my Hong Kong paypal account form a bank that I dont normaly use, he would use the following details in his transfer details: Beneficiary Name; Paypal Pte Ltd Beneficiary Bank Name: Bank of America N.A. Terms and conditions apply.Find Out More. No surprises and no hidden costs. 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. It is not intended to amount to advice on which you should rely. Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! Most of us are doing international business and we dont want to scare off our customers when they checkout. 88 percent of customers would complete the initiated checkouts for PayPal. What kind of customer support do PayPal Cashback Mastercard and PayPal Smart Connect provide? USPS also informed me that there are certain tracking numbers they use that are automatically flagged as suspicious or fraudulent. 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. The PayPal REST APIs support these countries: 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. Enter your address information and click Save. <img src="https://t.paypal.com/ts?nojs=1&pgrp=main%3Ahelp%3Asmart%3A%3Acontact-us&page=main%3Ahelp%3Asmart%3A%3Acontact-us%3A%3A%3A&pgst=1677681323533&calc . Also, I have an extensive guide and listing of Hong Kong Merchant Accounts and I try to update it regularly. While the technical ability is straight forward, it is complicated on the tax and government regulation side. 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. Wise payments are convenient, secure, and arrive quickly - with no exchange rate markup, and no hidden fees. SVF0008. Teri12345. It is in another name! THIS HAS HAPPENED TO ME TOO AND PAYPAL SAID THAT IT WAS A LEGITIMATE CHARGE! But, youre not alone. 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? Heres a short overview that we worked out for you to take a detailed look into all the costs of your local company getting a PayPal account. 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. If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. - Meghan. 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? Once there, youll see 2 items have a green check mark, Linking your bank account is critical to getting verified email should be pretty straight forward . This mailbox is not monitored and you will not receive a response. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. 2. Prior results do not guarantee a similar outcome. 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. Our review is complete and we have returned your account to regular standing. basically do whatever possible to NOT use/ accept paypal. Im waiting to hear back from PayPal now because I need the money since Im not getting the product. The paypal account has been linked successfully with two small payments from paypal identified. 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. We found no other way to bargain with Paypal. I hope everyone has a wonderful weekend! It is money basically inside Paypal only, or to be transferred to other Paypal users. Only thing I can think of is to send the USD to a non-HK paypal account and withdraw it from there. Is it possible to do that with a Hong Kong PayPal account? Go to our Contact Us page. I am currently having the same problem. Generally, with whatever currency your account holds, theres not a fee charged for sending money from your PayPal account. 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