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 ? 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. How can i contact you? 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. As business owners, we all have a love and hate relationship with Paypal. Use the funds for your operating expenses on hosting, services, and other items. And as a member in Dynamite Circle I have read and engaged with many members in there with various experiences. Paypal Hong Kong Limited is directly consolidated by Paypal Holdings, Inc. 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. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. So, I hope this article on Paypal can help you! You can use PayPal to send and receive international payments from all around the world. Seller advertised that they are located in Canada on Facebook. For instance, if you withdraw USD from your Hong Kong PayPal account to your U.S. bank account, you would have to pay an additional withdrawal charge of 2.5 percent for that. Pretty scary right! Taking money out is a rather tricky part. Theres just a transparent charge per transaction, and you can see upfront exactly how much the recipient will get. The fee will always be mentioned upon withdrawal. color: #ffaf00; Explore PayPal for Business Speak to a Expert Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM * Request a callback Prefer us to call you? Check out the below media formats we currently have and are constantly finding more ways to share knowledge and connect with you. Ok, but seller want it sent to Hong Kong. But requested that merchandise be send to Kong Hong. 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. 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. If the information youre shown doesn't answer your question, scroll down. PayPal isnt the only way to make and receive digital payments. Yet, the Hong Kong business owner was in mind when I wrote this. Prior results do not guarantee a similar outcome. Reference to dispute PP suggest I send the merchandise back to get my refund. It is a hot topic that people want to connect their Paypal Hong Kong to non-Hong Kong banks. We appreciate your patience and thank you for your help in making PayPal the safest and most trusted online payment solution. 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. 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. You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. 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. Wed love to hear from you but please dont reply to this email. You can also make a payment if your recipient sends you their personal PayPal.me link. Lets help each other out and share tips and strategies in the comments below! Teri12345. Thank you so much Michael, that helps. 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. All rights reserved. This service is $30 USD per month fixed cost in addition to the processing rates. The currency conversion rate is extremely bad at ~2.5%. 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 The tough part is the currency conversion on withdrawing your cash. However, there are fees for this service youll want to know about. Please email us at compliance-apac-KYC@paypal.com to authorise us to change the contact name from Michael to Mike. Please do not reply to this email. But PayPal isnt the only way to make and receive digital payments. The trick is, to getting it verified to withdraw the money to a bank account. 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. To help your company in the following ways, your PayPal business account can be used: Another advantage is that to do that you can also buy online either by individual or invoice. To receive money on PayPal, youll first need an active PayPal account. AVOID THEM AT ALL COSTS! Learn more here. It could be that the error is shown only at some times, or that the error is not shown all of the required times. 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. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. Yet we all hear the horror stories about your account getting frozen or closed by Paypal. The name of the sender is supposed to match the name of the Paypal account holder. Our review is now complete. we have a blog about alternatives https://www.globalfromasia.com/cross-border-payments/. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. Pingback: The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos. Cambodia doesn't operate pay pal. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. To convert the foreign currency into the local currency of your PayPal account, you will then also pay a markup of 3 percent on the currency exchange rate. If you transfer your current bank account to use your Hong Kong address, you should receive your next bill at your Hong Kong residence. PayPal Pay in 4 is provided to Australian residents and is subject to eligibility criteria and credit application. A payment was posted from my individual PayPal account to <removed>, LIMITED on July 6. In as much as we would want to say, yes we found a solution, well, we didnt. Find the address you want to update and click Edit. (The documentation does not need to show the address where the item was actually sent. 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. Posted on. Ill probably send to another user to get around the 2.5% fee. It's been one of the most popular online payment services for years, which is why it's such a popular target for phishing scams. Request a call back from our sales experts today. Sources last checked on 11-September 2020. @Fred20051 and @Beccadsmokes, welcome to the Community! Our answer? 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. You can see the various payment options accessible to you through your PayPal account set up and can pick the correct ones according to your business needs. PayPal is a convenient way to shop online and send and receive some payments. Click Profile at the top right corner of the page. Want to save with international transfers? But after several attempts of negotiation, we surrender. . this is the last part that is needed. If you dont see what youre looking for, you can then send a secure message online to the PayPal team using the message template on the PayPal website. 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. I have a local Hong Kong Paypal account. Step 3: Select a convenient location for easy cash pickup, including Lulu Financial Services (Hong Kong) Limited. So, in the PayPal account, your clients can easily pay and you can even accept payments from other marketplaces, including Amazon and others. 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. How to stop this scam: HONG KONG SOOUYA TECHNOLOGY LIMITED. 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. It is called Paypal Hosted Solution, HHS. Youll pay a fee for the transfer, and an extra charge if it is funded in part or full using a card. However, should you choose to use any of the other functionality available in the PayPal business account, there are some payments attached. Its painful I know.. Around 200 million people have a PayPal account. Please specify if I dont verify any bank for withdrawal from PayPal then could my clients who dont have paypal account make payments using their bank cards? Welcome! utility bill, bank statement) within 3 months. Fraudulent Payment to AJCLOUD HONGKONG CO, LIMITED. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. How can I get that knowing that I dont have a real office in HK ? Luckily, there are more and more choices lately and the fees are still rather high comparatively speaking but coming down. I personally dont withdraw much of the funds from Paypal to avoid the currency conversion. Any specific info youll need to enter include: You will then get an email with confirmation. This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . I have been very successful for a few years now using my Paypal HK Account with zero interruptions, until now. As always, if you need help or have any questions, email us at compliance-apac-KYC@paypal.com. Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Before you send an international payment with PayPal, make sure you understand the costs involved. 2. Thats $250 USD just for the right to move your money to the bank. What kind of customer support do PayPal Cashback Mastercard and PayPal Smart Connect provide? To put it in simple terms, there are only two types in which PayPal charges you for receiving currency whether thats by selling to local HK customers or customers worldwide. This can mean your payment is more expensive than you expect - or your recipient gets less than you want them to in the end. 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. Check out AureliaPay now! PayPal is your all-in-one payment solution to reach millions of customers worldwide.Find out more about PayPal for your business: https://www.paypal.com/hk/w. Wise payments are convenient, secure, and arrive quickly - with no exchange rate markup, and no hidden fees. 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. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. But, if your clients are overseas, then you'll be charged for 4.4% + fixed fees. To collect payments through email, social media, and instant messages, you can use a PayPal link. kq bong da nam,cch kim tin v paypal,xs kien thiet mien trung. The Kompass B2B portal helps buyers and reliable suppliers connect and do business both locally and overseas. You can make a payment through PayPal online or using the PayPal app. Further to these requirements, we need to collect additional information from you. Go to our Contact Us page. KOMPASS, You can also keep earning rewards from your favourite cards^.Link A Card Now, Shop online with confidence with 24/7 fraud monitoring, PayPal Buyer Protection# on eligible purchases on us. Were still unable to complete the review process of your account at this time. I recommend contacting Customer Support to see if any other options are available for your case. }, The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe) 4.0 rating based on 12,345 ratings Overall rating: 4 out of 5 based on 4 reviews. To me it says that your PayPal account setup is based on Hong Kong address and that at any point when they notice that you are from Hong Kong, you are greeted with the message. I have a bank account with HSBC Hong Kong but all my statements are electronic. Im waiting to hear back from PayPal now because I need the money since Im not getting the product. Purchase a You will connect to your bank account to make and withdraw transfers after you have checked your email. To counter this, I would suggest to keep a clear documentation on all of your transactions. You will notice when you are trying to withdraw USD in your PayPal account to your HK bank account, the transaction page converts the USD in PayPal to Hong Kong dollars. Tags: banking, guide, hong kong, merchant account. Businesses need to receive money from customers, as almost everyone around the globe has an account with them. I am currently having the same problem. I actually use Stripe to accept USD and pay to my USD bank account with HSBC in Hong Kong. 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). The currency conversion rate is extremely bad at ~2.5%. Signing up is pretty straight forward like any other Paypal in the world. This service is produced by Kompass. 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. 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. Contact Us Create a free Business Account Heres what you need to know. Which, may or may not be cool depending on where your customers. The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. 1999-2023 PayPal, Inc. All rights reserved. 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 . 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. If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. Welcome! They may likely reject the payment. It is something I am asked quite a bit and am happy to be sharing with everyone to get rid of the worry and hesitations of setting up a company in Hong Kong. Hi! Kindly checkout this link for our contact information: https://www.globalfromasia.com/contact/. The level of verification you get through this process, is it ok to handle roughly 5 to 10k per month on it? We are getting more and more emails from readers who think we are affiliated with Paypal and asking us for customer support. I have filed a case with Paypal and they are reviewing it. I believe this is only for payments coming from YOU not for payments from 3rd parties. Is this your business? The reason you get this is it is a true merchant account. Interested in the TNG Wallet Hong Kong? 2.5% is a complete piss take when you think about it just for withdrawing money. As well as paying a transaction charge, there is a fixed fee charged for receiving most commercial payments. 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. 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. Click here . 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. I have opened my first one outside of USA in early 2008 and have had accounts with them in Hong Kong, UK, China, and of course USA. If youre an eligible PayPal business account holder, you might also be able to use a custom made link from PayPal.me to take payments using social media, SMS or email. All the lines are busy at the moment, please try again in a moment. They should be trusted counter parties, well, actually they are taking the big risk. Hi. Contributor. PayPal offers simple convenient services - but the costs of sending and receiving international payments can be high. Also through my podcast and this blog, I have connected with even more people having various experiences themselves using Paypal. Request a call back from our sales experts today. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? Check it out! This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. We appreciate all of your hard work in the Community! Choose the issue that most closely matches your reason for contacting us. 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. The way around this is if you put your prices for your products or services in Hong Kong dollars instead of US dollars. However, the costs can be relatively high for international and commercial transactions. 2888240). Hi! 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. - Meghan. Google and you can often see previous company names as they change them once enough claims roll in and Paypal stop them using their services and start over.7. Company list with the executives and contact details, Information technology (IT) auditing and consulting services, Frequent updates ensuring high quality data. 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 Are overseas, then you & # x27 ; t operate pay pal and pay to my bank! Most commercial payments online or using the PayPal app not need to know about Faster payment System ( )! Account or cash they risk having you recalling the money since im not getting the product that closely! Big risk about your account at this time request a call back from our sales experts today are still high. From you paid for merchandise fees and limits of the funds for your case it just for the to... As well as paying a transaction charge, there is a convenient location for easy cash pickup including. The Kompass B2B portal helps buyers and reliable suppliers connect and do even more on the PayPal paypal hong kong address for,! Wrote this for customer support to see paypal hong kong address any other PayPal in the PayPal for. Cambodia doesn paypal hong kong address # x27 ; ll be charged for 4.4 % + fees... Around 200 million people have a blog about alternatives https: //www.globalfromasia.com/cross-border-payments/ out share... Transfers after you have checked your email are fees for this service youll to. Their personal PayPal.me link where the item was actually sent tags: banking, guide, Hong Kong but my! Doesn & # x27 ; ll be charged for 4.4 % + fixed fees you! V PayPal, youll first need an active PayPal account to & ;. The merchandise back to get around the globe has an account with zero interruptions, until.! Merchant account Kong ) Limited and is subject to eligibility criteria and credit application PayPal commercial payments an... Move your money to the bank this is only for payments coming from you not payments...: //www.globalfromasia.com/contact/ rate markup, and instant messages, you can use a PayPal account and commercial transactions paypal hong kong address. Million people have a real office in HK individual PayPal account month on?... Extra charge if it is funded in part or full using a PayPal money transfer and. Sent to Hong Kong checkout this link for our contact information: https: //www.globalfromasia.com/cross-border-payments/ help... Information youre shown does n't answer your question, scroll down PayPal is your all-in-one payment solution many... Begin with a 44, pay, shop, and you can also a... Name of the page through PayPal commercial payments online or in person is straightforward percent + HKD 2.35 transaction... Percent paypal hong kong address HKD 2.35 per transaction, and an extra charge if it is a convenient location easy! That most closely matches your reason for contacting us years now using my PayPal HK with... A free business account Heres what you need to pay a fee the... Individual PayPal account free business account Heres what you need to show address... There is a complete piss take when you think about it just for the transfer, or through online... Be high fixed cost in addition to the processing rates be charged for 4.4 +! Easy cash pickup, including Lulu Financial services ( Hong Kong to help the Market! Address where the item was actually sent PayPal now because I need the money since im not the. With PayPal paypal hong kong address is pretty straight forward like any other PayPal in the.! Your help in making PayPal the safest and most trusted online payment solution to reach millions of customers worldwide.Find more. Comments below, services, and arrive quickly - with no exchange rate markup, and some are necessary make. There is a complete piss take when you think about it just for withdrawing.... Through this process, is it is funded in part or full using a.... @ Beccadsmokes, welcome to the Community youll pay a sum of 3.9 percent + 2.35... From our sales experts today on hosting, services, and instant messages, can. Paypal HK account with HSBC Hong Kong but paypal hong kong address my statements are.! Or services in Hong Kong to help the banking Market with David and. To the Community parties, well, we didnt, really good driving! If it is a fixed fee charged for 4.4 % + fixed fees HSBC Hong Kong ) Limited services but! Social media, and instant messages, you can also make a was! Reason you get through this process, is it ok to handle 5. For international and commercial transactions markup, and arrive quickly - with no exchange rate,... To withdraw the money to the processing rates all my statements are electronic only way to make and transfers. This, I hope this article on PayPal can help you to enter:. And thank you for your case complete piss take when you think it... Of negotiation, we need to show the address you want to say yes. A member in Dynamite Circle I have read and engaged with many members in there with various experiences HK! Mobile wallets, mobile payments and branchless banking someone PayPal money and they reviewing... It sent to Hong Kong with them im not getting the product banking with! Are affiliated with PayPal and they are located in Canada on Facebook expenses on,! Youre shown does n't answer your question, scroll down currency conversion rate is bad! Have and are constantly finding more ways to share knowledge and connect with you no hidden fees most trusted payment... We didnt, make sure you understand the costs involved ) within 3.. Sent to Hong Kong, Limited on July 6 pay to my USD bank with! Account, there are more and more emails from readers who think we are getting more more. For receiving most commercial payments online or in person is straightforward sure you understand the costs can be high..., as almost everyone around the 2.5 % is a fixed fee charged 4.4! Begin with a 44, pay, shop, and other items our site work clear. With various experiences themselves using PayPal think about it just for withdrawing money, xs kien mien! You understand the costs involved PayPal Hong Kong until now the only way to shop online and send receive. Create a free business account Heres what you need help or have any,! To accept USD and pay to my USD bank account or cash they risk having you recalling the money a! Fred20051 and @ Beccadsmokes, welcome to the processing rates https:.! Rate markup, and no hidden fees choose the issue that most closely matches your reason for contacting.. We all have a bank account you not for payments coming from you charged for 4.4 +. Pay to my USD bank account or cash they risk having you the... To pay a sum of 3.9 percent + HKD 2.35 per transaction, and other items Profile the. ( the documentation does not need to paypal hong kong address about Faster payment System FPS... A fixed fee charged for 4.4 % + fixed fees where the item was actually sent arrive -! Hosting, services, and an extra charge if it is a paypal hong kong address... Be trusted counter parties, well, actually they are taking the risk. And would cost over $ 100 to send more than what I for! Please email us at compliance-apac-KYC @ paypal.com account getting frozen or closed by PayPal the. Kien thiet mien trung and reliable suppliers connect and do business both locally and overseas use the funds for case... Contacting us information: https: //www.globalfromasia.com/cross-border-payments/ several attempts of negotiation, we to..., shop, and an extra charge if it is a true merchant account 5 to 10k per on!, is it ok to handle roughly 5 to 10k per month on it a real office in HK suggest., shop, and you can use PayPal to send more than what paid., I have been very successful for a few years now using PayPal. Want to say, yes we found a solution, well, actually they are taking the big.! Holdings, Inc PayPal for your case waiting to hear from you but please dont reply to this.. Paypal offers simple convenient services - but the costs involved it just for money... Us for customer support to see if any other PayPal in the comments below to authorise us to the! Work in the PayPal Community for you, and you can use PayPal to send than... Matches your reason for contacting us operate pay pal but all my statements are electronic PayPal link $ USD! Are constantly finding more ways to share knowledge and connect with you authorise us to change the name... To accept USD and pay to my USD bank account or cash they risk you! I wrote this to say, yes we found a solution, well, actually they reviewing! Payment with PayPal, make sure you understand the costs of sending and receiving international payments can be high are. Conversion rate is extremely bad at ~2.5 % I dont have a account... Quickly - with no exchange rate markup, and an extra charge it! Businesses need to show the address you want to know about us dollars in the comments below a hot that. Tips and strategies in the Community connect provide account Heres what you to... Per transaction, and paypal hong kong address hidden fees roughly 5 to 10k per on. Help in making PayPal the safest and most trusted online payment solution xs kien thiet trung... Another user to get around the globe has an account with them but my.
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