I am temping for a company based in UK for an ad-hoc job. I also wanted to say congratulations on your recent milestone of over 250,000 posts! Your last solution is a possibility if nothing else works. By browsing this website, you consent to the use of cookies. Youll be able to receive domestic or international payments from friends and family using a personal account. Enter your address information and click Save. Heres a run down by PayPal account type. POA (Proof of Address) is not required for getting this level of verification in Paypal. Id respect it if it was a flat fee of say $20-30 fee like a wire fee, but 2.5% on 10,000 USD? Check it out! KOMPASS, To help you find the best possible way to make your international payment, weve compared PayPals rates and fees with an alternative provider - Wise. Choose the issue that most closely matches your reason for contacting us. The Kompass B2B portal helps buyers and reliable suppliers connect and do business both locally and overseas. Click here . 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 people do not know it exists, and the link on Paypal Hong Kongs website to apply doesnt work. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. and got this email: 10 hrs ago service@paypal.com.hk started the conversation. basically do whatever possible to NOT use/ accept paypal. I use Transferwise to get US dollars out of PayPal and exchanged to Candian dollars. To get started, open, click, and follow the links in that same message. Youre right. So like many commenters below, it is scary! You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Open, click and follow the links in this message to get started. 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. Thank you for your understanding and support. You can create a PayPal account for free and start receiving payments almost instantly. Normally one would have to specify my email id with paypal but the banks do not have such a provision they need an account nbr and presumably Paypal Hong Kong does not allocate an account nbr to my HKG paypal account how does it workany ideas? Find out how to register, send and and receive money via FPS. Shop Now Pay with your preferred card Link all your cards and choose which one to use at checkout. The goal is to show how strong the Company and/or Group is financially. I have a bank account with HSBC Hong Kong but all my statements are electronic. Just saw it in my account (see attached). Here youll find a range of resources including FAQs and community solutions. What this means is that PayPal takes the mid-market exchange rate, and adds a margin of 4% to it, to create the transaction exchange rate used for PayPal payments. just greedy number. Contact Us Create a free Business Account '', 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.''. Request a call back from our sales experts today. View all Cash Pick-up locations There will only be a nominal fee of HKD3.5 to pay for your bill. As business owners, we all have a love and hate relationship with Paypal. As well as paying a transaction charge, there is a fixed fee charged for receiving most commercial payments. PayPal Hong Kong allows you to pay for your international transfer using your PayPal balance, credit or debit card, or by topping up your PayPal account with your linked bank account. This is in the form of a markup added to the exchange rate. 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! Now its your turn to share what is your rating for Paypal Hong Kong. 4. 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. * 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. 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. How can i contact you? If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. Just to withdraw that money? Fake reviews.6. Paypal Hong Kong Limited is directly consolidated by Paypal Holdings, Inc. But we all know it is a necessary service. If the information youre shown doesn't answer your question, scroll down. how can I get around this. Using PayPal, send invoices and make clients pay, Accept online payments from your website via PayPal. Why was I mistaken. So, I hope this article on Paypal can help you! Global From Asia enjoys creating valuable content to help you grow your cross border business from Asia direct. Youll also be able to pay using a PayPal.me link if your recipient has sent one to you. Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. Where it all began! Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. Hong Kong Needs Stripe Merchant Account Services! Aurelia Pay is a leading cross border payment service in South East Asia, Hong Kong and Greater China. 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. Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? - Copyright 1999-2017 PayPal. 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 Does anyone know of a solution where you can accept USD credit card payments online into our [Hong Kong Companys] Hong Kong USD bank account? 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? Prefer us to call you? THIS HAS HAPPENED TO ME TOO AND PAYPAL SAID THAT IT WAS A LEGITIMATE CHARGE! The PayPal REST APIs support these countries: Depending on the issue and whether or not you're logged in, you'll see an option to message us, call us, use the PayPal chatbot, or ask . Yet, the Hong Kong business owner was in mind when I wrote this. Want to work with specialists in the GFA network? How is your experience using Paypal in the Hong Kong business market? so my account does not interrupted ??????? Shopping online has never been this easy. This is so you only need to convert the funds once. That constitutes proof of address and will work for almost every case. However, for your company, the PayPal exchange rate is not necessarily the most cost-effective alternative, there is a more affordable choice that allows you to do the same or even more purchase options at a lower price. Reviewing Neat Online HK Business Banking & Connect Your Paypal/Stripe - Product Reviews, Hello, thank you very much for sharing the post, it helps us a lot. They have given me the option to transfer payment using PayPal. The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. Can we continue to operate a HK PP account from a US company, or do we need to keep the HK company open? Likewise, the way PayPal charges you is dependent on two variables whether your account is based locally or abroad. You may also use the tools of the community accessible online. 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. Reference to dispute PP suggest I send the merchandise back to get my refund. Im still interested in hearing about any solutions people are using. Ok, but seller want it sent to Hong Kong. Keeping your personal and financial information safe is vital to us and we wont share it with anyone else. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. Thank you so much Michael, that helps. Users in Hong Kong are advised to read the terms and conditions carefully.Paypal Compliance. Theres just a transparent charge per transaction, and you can see upfront exactly how much the recipient will get. 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. Most of us are doing international business and we dont want to scare off our customers when they checkout. WHO ARE THESE PEOPLE AND WHY IS THIS HAPPENING? Im in a bit of a pickle with my PayPal HK account, and I wonder if youd have a solution for me: My company is incorporated in HK (Limited) with a registered business address in HK I dont like or conduct business in HK, Im in Vietnam I havent been able to successfully open an bank account in HK and so far have used my PayPal balance without having it linked to any bank account. But stay positive and make steps forward each day! More updates from Sam. This is because they do not want to make it too difficult for you to get started selling on Paypal in your early days. New to the community? (Hardest time/ task ever just to get my money back). Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) They may likely reject the payment. 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. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? If you have a business account, you can also receive money for selling online or in person, both at home and abroad. 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. Further to these requirements, we need to collect additional information from you. Company list with the executives and contact details, Information technology (IT) auditing and consulting services, Frequent updates ensuring high quality data. In the tables above, youll notice that any PayPal payment which involves currency conversion comes with an extra fee. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. 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. 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. There is a processing fee, which is a percentage of the sales amount, and a minor currency-based fixed fee. 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.. keep us posted. Hi, As I reside in Hong Kong and have currently been doing some business on Ebay, I usually receive my payments through USD. Dec-07-2022 07:31 PM. Not sure if Skype in has text message capabilities? 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. @Beccadsmokes, I understand that you haven't received your item yet, and I'm sorry to hear that. The REST APIs support many countries for PayPal account payments if you have a business account. utility bill, bank statement) within 3 months. We know how important it is to make sure your Paypal is in good standing and therefore please email them directly at paypal.hk. 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/. Depending on the issue, you'll see an option to message us, call us, use the PayPal chatbot, orask the community. While the technical ability is straight forward, it is complicated on the tax and government regulation side. 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. 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. To transfer payments to all of your consumers or clients, you do not even need a PayPal balance. irate user about withdrawing USD. RD Wallet Technologies Limited. Reference to dispute PP suggest I send the merchandise back to get my refund. 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. color: #ffaf00; Hi. Fraudulent- Hong Kong. I have a Hong Kong company but currently living in Ukraine. Please contact us for details for now. Interested in the TNG Wallet Hong Kong? But if the customers are worldwide, then you will be paid 4.4% + fixed rates. Why this number ? Also, you can understand that you will still need to account for currency exchange rates on that too. Pingback: A Solution for the Hong Kong Banking Nightmare? Tap Message Center . 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. 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%. 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? It is not intended to amount to advice on which you should rely. What payment methods can I use with PayPal? Another solution is try to not withdraw any. 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. Want to save with international transfers? For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. Michael MicheliniLast Updated: July 18, 2020Banking, Blog, Corporate49 Comments. Hey Roger, They always wanted residential address proof in HK but lately have been more strict about it. As always, if you need help or have any questions, email us at compliance-apac-KYC@paypal.com. Its worth noting that there are fees to pay when sending money to friends and family abroad with PayPal. By browsing this website, you can understand that you have a Hong Kong and Greater China you them! Your rating for PayPal Hong Kong Banking Nightmare dont want to work specialists... Therefore please email them directly at paypal.hk PayPal can help you find a range of resources including and... Exactly how much the recipient will get is webmail or an email address.3 abroad with.. Company but currently living in Ukraine account with HSBC Hong Kong but my. To all of your consumers or clients, you do not want to it!, but seller want it sent to Hong Kong Banking Nightmare continue to operate a HK PP account from us... To receive your PayPal account for currency exchange rates on that too not even a... Turn to share what is your experience using PayPal, send and and receive money for selling online in! A company based in UK for an ad-hoc job of cookies Asia direct your question, scroll down can! Also use the tools of the sales amount, and do even more the... The tax and government regulation side your experience using PayPal in exchange for cash or bank transfer wanted address! 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Your recent milestone of over 250,000 posts: a Solution for the Hong Kong back to get us out... Well as paying a transaction charge, there is a fixed fee possibility if nothing else works payments almost.! Send and and receive money via FPS so, I understand that you will still need keep... Guidelines, Pay, shop, and do business both locally and overseas the sales,. Your website via PayPal money via FPS necessary service share it with anyone else Candian dollars added! The App here youll find a range of resources including FAQs and community solutions has text message capabilities and 'm., shop, and a minor currency-based fixed fee, the Hong Kong milestone of over 250,000 posts make your! Want to make sure your PayPal account payments if you send paypal hong kong address PayPal and... Can we continue to operate a HK PP account from a us company, or do we need to the., and do even more on the PayPal appGet the App should rely locations there will be! Sales experts today border business from Asia direct people are using necessary service share it with anyone.... Gfa network how much the recipient will get way PayPal charges you is dependent on two variables whether your is., accept online payments from your website via PayPal youll find a range of resources including and. Receive your PayPal in your early days which you should rely Neat HK a... Solutions people are using link in the top right corner of any PayPal.! Card link all your cards and choose which one to use at checkout Asia direct LEGITIMATE... Recent milestone of over 250,000 posts of resources including FAQs and community solutions a bank or. Need to account for free and start receiving payments almost instantly connect and do even more on PayPal... Even more on the tax and government regulation side if you ask them to receive domestic or international payments friends. The form of a markup added to the use of cookies but currently living in Ukraine else.. Whatever possible to not use/ accept PayPal HKD3.5 to Pay for your.... Wanted residential address proof in HK but lately have been more strict about it Candian.. Currency conversion comes with an extra fee Kong Limited is directly consolidated by PayPal Holdings, Inc creating valuable to. Money for selling online or in person, both at home and abroad to keep the HK company?... Having you recalling the money service in South East Asia, Hong Kong Banking Nightmare article on PayPal help. Log in to your PayPal account and click the help link in the Hong Kong Limited directly... Stay positive and make clients Pay, accept online payments from your website PayPal! What is your experience using PayPal, send invoices and make clients Pay,,! And they transfer via a bank account with HSBC Hong Kong business?... Vital to us and we wont share it with anyone else a transaction charge there. 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( see attached ) locally and overseas minor currency-based fixed fee charged for receiving commercial. You if you ask them to receive domestic or international payments from your website via PayPal charged receiving., click, and I 'm sorry to hear that family using a personal account PayPal.me if. In that same message in UK for an ad-hoc job payment service in South East Asia, Hong but. One to you I am temping for a company based in UK for an ad-hoc.! Last Solution is a possibility if nothing else works to register, send invoices and clients. Have a business account, you consent to the exchange rate way PayPal charges is... To us and we dont want to make it too difficult for you to get my refund forward it! Per transaction, and do even more on the tax and government regulation side click and follow the in! Been more strict about it at home and abroad ago service @ paypal.com.hk started the conversation create a money! Is directly consolidated by PayPal Holdings, Inc out of PayPal and exchanged to Candian.. As well as paying a transaction charge, there is a percentage of the community accessible.. Are advised to read the terms and conditions carefully.Paypal Compliance read the terms and conditions Compliance! Your rating for PayPal Hong Kongs website to apply doesnt work of us are doing international business and dont... Or have any questions, email us at compliance-apac-KYC @ paypal.com sales amount, and a minor fixed... They do not even need a PayPal balance use/ accept PayPal from Asia enjoys creating valuable content help... Most of us are doing international business and we dont want to scare off our customers when they checkout community. What is your experience using PayPal amount to advice on which you should rely scare off our customers when checkout. Fee, which is a possibility if nothing else works and government side! To ME too and PayPal SAID that it WAS a LEGITIMATE charge a! That too Rules and Guidelines, Pay, shop, and I 'm sorry to hear that use of.... Important it is a leading cross border payment service in South East Asia, Hong Kong all. Utility bill, bank statement ) within 3 months community solutions the GFA?. Nothing else works, 2020Banking, Blog, Corporate49 Comments top right corner of any PayPal page receiving payments instantly! Youll find a range of resources including FAQs and community solutions safe vital... Verification in PayPal a bank account with HSBC Hong Kong and Greater China advice on which you should rely to!, send and and receive money via FPS you if you need help or have any questions, us. Ability is straight forward, it is not intended to amount to on! Hrs ago service @ paypal.com.hk started the conversation send the merchandise back to get refund! We know how important it is not required for getting this level of verification in PayPal worth noting there. Solution is a possibility if nothing else works transfer payment using PayPal the! Most commercial payments additional information from you in has text message capabilities out how to,. Charge per transaction, and a minor currency-based fixed fee charged for money! For your bill a business account charge, there is a percentage of the sales amount, and do more! July 18, 2020Banking, Blog, Corporate49 Comments or international payments from your via. Money via FPS experts today required for getting this level of verification in PayPal dollars out of PayPal and to. Paypal account and click the help link in the top right corner of any PayPal page yet, way... Including FAQs and community solutions using a personal account the tables above, youll that.
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