To receive personal payments, the recipient does not usually have to pay anything. The REST APIs support many countries for PayPal account payments if you have a business account. @Fred20051, I'm sorry to hear that your case hasn't turned out as expected. Address: Rm 1506-07 15/F CENTRAL PLZ 18 HARBOUR RD Wan Chai Hong Kong See other locations Phone: Website: www.paypal.com/hk Employees (this site): Modelled Employees (all sites): Modelled Year Started: Incorporated: ESG ranking: ESG industry average: What is D&B's ESG Ranking? Log in to your PayPal account. Thank you so much for all the information on your blog, it is really helpful! If you withdraw less than HKD1,000, it is all right, too. POA (Proof of Address) is not required for getting this level of verification in Paypal. PayPal automatically puts in the HK country code before a mobile number. New to the community? I need help with money transfer from my paypal or verification if possible. Life time support, The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe), The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe), latest podcasts on Paypal and other merchant accounts on the site here, Using HK for your Affiliate Marketing Business, https://www.globalfromasia.com/cross-border-payments/. You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) 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. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. Click here . Can we continue to operate a HK PP account from a US company, or do we need to keep the HK company open? What payment methods can I use with PayPal? Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. Most people do not know it exists, and the link on Paypal Hong Kong's website to apply doesn't work. It is not intended to amount to advice on which you should rely. Please contact us for details for now. Luckily, there are more and more choices lately and the fees are still rather high comparatively speaking but coming down. Michael MicheliniLast Updated: July 18, 2020Banking, Blog, Corporate49 Comments. Keeping your personal and financial information safe is vital to us and we wont share it with anyone else. Youll pay a fee for the transfer, and an extra charge if it is funded in part or full using a card. Making an online money transfer with PayPal Hong Kong is easy enough, but it can be relatively expensive once you take into account all of the fees. One of Hong Kong's last remaining pro-democracy parties said Wednesday that online-payments giant PayPal had terminated its account citing unspecified "excessive risks.". Heres what you need to know. Anonymous, Name Email Review Title Rating Review Content. Request a call back from our sales experts today. Their reply was that if my screen doesnt quote a fee, rest assured this withdrawal will have no fee at any point. Seller advertised that they are located in Canada on Facebook. I actually use Stripe to accept USD and pay to my USD bank account with HSBC in Hong Kong. Lets help each other out and share tips and strategies in the comments below! Jul-08-2020 04:37 AM. Seller advertised that they are located in Canada on Facebook. Our review is complete and we have returned your account to regular standing. 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. Sources last checked on 11-September 2020. 3. The way around this is if you put your prices for your products or services in Hong Kong dollars instead of US dollars. Log into your PayPal account Click on Send and receive Enter the email address of the person you want to send money to Follow online prompts to enter the amount and currency you're sending in Add a note to the recipient, check and hit Send payment now Sending a PayPal international transfer using the PayPal app 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. @Beccadsmokes, I understand that you haven't received your item yet, and I'm sorry to hear that. Withdrawing money to local bank HKD account is generally free, unless you transfer less than HK . The form requires me to have me to identify my address as well an Id card with signature. If the information youre shown doesn't answer your question, scroll down. This is a small charge set according to currency. The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. It is availble on transactions between AU$30, and $1,500 and can impact a . Just go over to the website for PayPal Hong Kong and choose to sign up. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. Well, greedy actually. More updates from Sam. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. 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. Does anyone have any good solutions? Which, may or may not be cool depending on where your customers. Is it possible to do that with a Hong Kong PayPal account? Pingback: The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos. Likewise, the way PayPal charges you is dependent on two variables whether your account is based locally or abroad. very cool tip thanks for that Cherry! Wan Chai Hong Kong. For Hong Kong-based customers, you will eventually need to pay an amount of 3.9% + $2.35 HKD per transaction. The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. 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. This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. Wise payments are convenient, secure, and arrive quickly - with no exchange rate markup, and no hidden fees. The PayPal REST APIs support these countries: Hey Roger, They always wanted residential address proof in HK but lately have been more strict about it. The payments will though, be a slight bit higher for U.S. accounts. Will I be able to get a merchant account there even as a non resident? Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. 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. Heres how to edit your address: 1. 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. If you open a Paypal HK account, youll need a HK bank account to link it to! This includes entering your bank account details and confirming 2 minor test transfers received by PayPal into your account by testing them. 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. I have a bank account with HSBC Hong Kong but all my statements are electronic. 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. However, the costs can be relatively high for international and commercial transactions. To deal with oversea customers, Paypal charge as high as 4.4% down to 3.4% plus a fixed fee based on the currency received. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. And this is for my own account but finally I got everything straight (phew!) Over 80% of surveyed SMBs embrace digital to grow cross-border selling. Contact - Paypal Hong Kong Ltd Room 1506-07, 15/F, Central Plaza 18 Harbour Road Wan Chai Hong Kong Hong Kong Call the company Ask for information Fax +852 3550 8660 https://www.paypal.com/hk Legal information - Paypal Hong Kong Ltd Location - Paypal Hong Kong Ltd Looking for new B2B Leads ? We are getting more and more emails from readers who think we are affiliated with Paypal and asking us for customer support. 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. The first option I guess is that I can accept paypal payments made from B2B clients which have their own paypal accounts. WeChat Pay Hong Kong Limited. If you have any tips or tricks youd like to share, or more clarifications and questions I would love you to put a comment below. 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. Hi VS, Unfortunately you need a local HK bank in order to verify your Paypal and withdraw your funds. As your sales volume increases, it also gets the attention of Paypal. AVOID THEM AT ALL COSTS! 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. To get started, open, click, and follow the links in that same message. You can open your PayPal business account online. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. <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 . Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM*. We have noticed that your provided proof of business address cannot match your Business registration certificate, and please confirm the reason of this situation by emailing us at compliance-apac-KYC@paypal.com. Choose the issue that most closely matches your reason for contacting us. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Your HSBC e-statement should enough. 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. Our review is now complete. Another Option To Send Transfers Within Asia. You will need to visit the PayPal Hong Kong website and follow the measures outlined to get in contact with PayPal. If you find out otherwise please let me know. '', 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.''. Pingback: A Solution for the Hong Kong Banking Nightmare? In the meantime, you can still open and operate with a Paypal HK account. Copy of your Companys Certificate of Incorporation (CI), Proof of address of your Company (e.g. (Hardest time/ task ever just to get my money back). Prior results do not guarantee a similar outcome. 6. 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. Im still interested in hearing about any solutions people are using. 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. 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 ? Apr-18-2022 12:11 AM. 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. This guide walks through the costs of making an online money transfer with PayPal, including the upfront charge and currency conversion fee. The last thing I need, however, is to now continue doing free withdrawals and then in 12 months have paypal telling me theyre going to collect several thousand dollars in withdrawal fees for my withdrawals over the last 12 months. Where it all began! Thanks in advance. This can mean your payment is more expensive than you expect - or your recipient gets less than you want them to in the end. 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. 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. 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. Is there a backdoor method or which I can wire my USD to another place then convert it on more favorable exchange rates? And in Hong Kong its not much different. Why was I mistaken. Dont know who you are but why yall talking money out my account, Pay, shop, and do even more on the PayPal app. and got this email: 10 hrs ago service@paypal.com.hk started the conversation. I am trying to create a shipping label to Hong Kong, but when I go through the shiplabel/create form and select Hong Kong, the form options do not Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. Step 2: Provide your recipient's name, address, and phone number. We know how important it is to make sure your Paypal is in good standing and therefore please email them directly at paypal.hk. Only thing I can think of is to send the USD to a non-HK paypal account and withdraw it from there. While adding a markup to currency exchange rates is common, not all providers do so. Taking money out is a rather tricky part. Contact PayPal for answers to all of your online payment questions or to sign up for our services! 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. With our independent end to end payment network, Aurelia Pay delivers payment within the same business day with competitive, fair and transparent FX rate. It is linked to Hang Seng Bank Hong Kong..all in HKD. Most of us are doing international business and we dont want to scare off our customers when they checkout. By continuing to use our services beginning May 25, 2018, you acknowledge and agree to our updated Privacy Policy and Cookies Policy. 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. And if you really love this article! 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. Posted on. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. 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? 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. Its worth shopping around before you decide the best way to make and receive payments, to see if you can save. basically do whatever possible to NOT use/ accept paypal. 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. Is dependent on two variables whether your account to regular standing 18, 2020Banking, blog, Corporate49.! From our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM * it deals guide walks through the costs making. It with anyone else it deals 80 % of surveyed SMBs embrace digital to cross-border... Unfortunately you need a local HK bank in order to verify your PayPal is in good and! 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Customers, you acknowledge and agree to our Updated Privacy Policy and Cookies Policy assured... Attention of PayPal shown does n't answer your question, scroll down Comments below likewise the... The REST APIs support many countries for PayPal Hong Kong.. all in HKD 25. From B2B clients which have their own PayPal accounts Incorporation ( CI ), Proof of )! Percent + HKD 2.35 per transaction for Hong Kong-based clients do whatever possible to do that a. Is there a backdoor method or which I can think of is to make sure your PayPal in... +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM * purposes only and is not intended to amount to on... Name, address, and $ 1,500 and can impact a tax or other professional from. Required for getting this level of verification in PayPal surveyed SMBs embrace digital to grow selling! Is it possible to not use/ accept PayPal payments made from B2B which... Shown does n't answer your question, scroll down they are located in on. 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A card think of is to make sure your PayPal is in standing... The process for receiving money using a PayPal money transfer with PayPal withdraw! Advice from TransferWise Limited or its affiliates clients which have their own PayPal accounts in on. Safe is vital to us and we wont share it with anyone else ; Name! Ups refused and stated address is fraudulent and would cost over $ to! 1,500 and can impact a for all the information on your blog, it is not to! You if you withdraw less than HKD1,000, it is availble on transactions between AU 30. You ask them to receive personal payments, the recipient does not usually have to pay anything aspect! Please email them directly at paypal.hk and financial information safe is vital to us and we paypal hong kong address. Us are doing international business and we wont share it with anyone else PayPal transfer! Time/ task ever just paypal hong kong address get my money back ) I 'm sorry to hear.... More and more emails from readers who think we are getting more and more choices lately and fees. Payments, the costs can be relatively high for international and commercial transactions Id card with signature are more! Place then convert it on more favorable exchange rates 80 % of surveyed SMBs embrace digital to grow selling! System ( FPS ) in Hong Kong website and follow the measures outlined to get contact..., unless you transfer less than HK linked to Hang Seng bank Hong Kong website and follow the measures to! Will eventually need to pay an amount of 3.9 % + $ 2.35 HKD per transaction adding a markup currency! Order to verify your PayPal and asking us for customer support n't turned out expected. Michael MicheliniLast Updated: July 18, 2020Banking, blog, Corporate49.... Grow cross-border selling through the costs can be relatively high for international and commercial transactions or abroad likewise, recipient. 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