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 ? Its worth shopping around before you decide the best way to make and receive payments, to see if you can save. I was reading about one online SMS solution yesterday before posting here, but it said it cant do bank authorisation SMS receival because they are generated through an online system. That constitutes proof of address and will work for almost every case. 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? If you open a Paypal HK account, youll need a HK bank account to link it to! Connect with others in the GFAVIP member community with a wide range of different events we have to offer. 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. Why this number ? 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. 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. Where it all began! 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%. In the meantime, you can still open and operate with a Paypal HK account. 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. And, worst case transfer the money to others in exchange for cash. How can i contact you? like 3% ish total? - Tommy PayPal Merchant Reactive Risk The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe) Tuesday, August 6, 2019 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. The goal is to show how strong the Company and/or Group is financially. Check out AureliaPay now! I have a Hong Kong company but currently living in Ukraine. Purchase a However, if you withdraw other currencies from your account balance other than HKD, then expect a 3.00% withdrawal charge to come your way for that. I have a local Hong Kong Paypal account. Almost every business that has any online presence has PayPal. Find out how to register, send and and receive money via FPS. We found no other way to bargain with Paypal. AVOID THEM AT ALL COSTS! 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. Thank you for your understanding and support. Here youll find a range of resources including FAQs and community solutions. Also since I am an Ebay seller, are there paypal fund holds with new HK paypal business accounts or is this not the case in HK? I got the automated email titled "You sent an automatic payment to <removed>. It is called Paypal Hosted Solution, HHS. By browsing this website, you consent to the use of cookies. very cool tip thanks for that Cherry! We appreciate all of your hard work in the Community! Which, may or may not be cool depending on where your customers. Well also look at an alternative which can help you save money when sending payments overseas - Wise. 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. If you have a business account, you can also receive money for selling online or in person, both at home and abroad. This guide walks through how to use GCash from Hong Kong. Depending on the issue, you'll see an option to message us, call us, use the PayPal chatbot, orask the community. The person youre asking to send you money will receive an email allowing them to pay you using a card, linked bank account or their existing PayPal balance. just greedy number. We have a Remittance Partner Recommendation. And if you really love this article! Good work, really good work driving your customer away. 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. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. We appreciate your patience and thank you for your help in making PayPal the safest and most trusted online payment solution. 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 . Thanks for completing your identity confirmation. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. I have given them everything except one document: a proof of business address in HK in the form of a utility bill. And in Hong Kong its not much different. If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. Youre right. Great pictures of items at bargain prices that turn out to be tat.5. 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. Looking for PayPal Business Solutions? From my experience the quick answer is No. Heres how to edit your address: 1. I am completely new to PayPal. If you transfer your current bank account to use your Hong Kong address, you should receive your next bill at your Hong Kong residence. Step 2: Provide your recipient's name, address, and phone number. 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 the information youre shown doesn't answer your question, scroll down. PayPal is a nightmare, my best advise is to stay away from it. It could be that the error is shown only at some times, or that the error is not shown all of the required times. Office and shop equipment, General traders, department and retail stores, Precious stoneworking, watchmaking and jewellery, Textile, clothing, leather and shoemaking machinery and equipment, Packaging machinery, equipment and services, Information technology (IT) security consultants. The merchant account). Check out our complete guide to registering and using PayMe from HSBC. Prefer us to call you? But requested that merchandise be send to Kong Hong. Using PayPal, send invoices and make clients pay, Accept online payments from your website via PayPal. 6. However, there are fees for this service youll want to know about. But later on, if you want Paypal Hosted Solutions (virtual terminal) or your volume is picking up, Paypal may ask for address verification to protect themselves. Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. @Fred20051, I'm sorry to hear that your case hasn't turned out as expected. The currency conversion rate is extremely bad at ~2.5%. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. But stay positive and make steps forward each day! Click Profile and settings. A letter stating it wasn't delivered to your address will work.) I am currently having the same problem. The positive news about this is that, instead of your opponent who does not have the same bid, it can be used as a motivator to encourage more consumers to buy from you. Hong Kong Needs Stripe Merchant Account Services! 04/11/2016. I personally dont withdraw much of the funds from Paypal to avoid the currency conversion. It is called Paypal Hosted Solution, HHS. While the technical ability is straight forward, it is complicated on the tax and government regulation side. This mailbox is not monitored and you will not receive a response. For all budgets and expectations, we work hard to give you the ultimate experience for growing your business network and knowledge. Copyright 2020, How to sign up for a PayPal business account in Hong Kong, PayPal Hong Kong contact How to get in touch, How to Navigate the Mandatory Provident Fund (MPF) as an Employer, The main Obligations of the Hong Kong Company, Nulla metus metus ullamcorper vel tincidunt. 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. Everyone uses it, unless you are a traditional business they are pretty stubborn to accept Paypal in retail shops in HK. 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. Just to withdraw that money? I have a HANG SENG BANK account. 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. Lets talk about a few options: One solution in this situation is to set the primary currency of your PayPal account to HKD, the same currency as your bank account. Their reply was that if my screen doesnt quote a fee, rest assured this withdrawal will have no fee at any point. 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. I also wanted to say congratulations on your recent milestone of over 250,000 posts! 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. Check that for the most up to date information on companies. Why was I mistaken. You probably dont want to pay Paypal approximately 2.5% to convert from USD to HKD, especially if your Hong Kong bank will then convert it back to USD. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. These are the basic steps to setup in Paypal HK: Congratulations, you now have a verified Paypal Account! To withdraw money from your PayPal HK account to your Hong Kong bank account, you must do this in HKD (Hong Kong dollar) currency. I need help with money transfer from my paypal or verification if possible. Is it OK if we also use cookies to show you personalized ads? Heres what PayPal says about currency conversion: Where a currency conversion is required, it will be completed at the transaction exchange rate we set for the relevant currency exchange. Company directory and business data 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. How to sign up for a PayPal business account in Hong Kong You can open your PayPal business account online. Dec-07-2022 07:31 PM. This guide is useful for a Paypal international account anywhere in the world, not just in HK. However, should you choose to use any of the other functionality available in the PayPal business account, there are some payments attached. Withdrawing money to local bank HKD account is generally free, unless you transfer less than HK . To give an example, if you receive an online commercial payment in HKD, there is an extra HK$2.35 to pay. Want to save with international transfers? Wise payments are convenient, secure, and arrive quickly - with no exchange rate markup, and no hidden fees. Permanent ID copy of person(s) signing the Authorized letter AND each authorized signer. Find the address you want to update and click Edit. Thank you so much for all the information on your blog, it is really helpful! How is your experience using Paypal in the Hong Kong business market? The name on the document you provided doesnt match the name on your PayPal account. Any specific info youll need to enter include: You will then get an email with confirmation. I have a HK mobile phone plan that I use traveling abroad, may be worth the investment? With Wise you can send and receive international payments in dozens of different currencies, using the mid-market exchange rate with no markup, and no complex fee structure to worry about. RFU form (Application form they will attach). Simply head over to the PayPal Hong Kong website, and click to sign up. Interested in the TNG Wallet Hong Kong? 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 you need to request a payment from someone, you have a couple of different options. Your article here seems to say you dont need to be, but that clashes with what I have read other place. Hello @Fred20051, @kernowlass, and @Beccadsmokes,First, thank you for that great information, @kernowlass. You can receive money through PayPal in a variety of different ways. <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 . If you need to send or receive an international payment online you could be better off using a specialist service like Wise. 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. The data we collect are only those necessary for the proper use of our service. Since they're. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. However, the costs can be relatively high for international and commercial transactions. What information do I need to link my HANG SENG BANK account to PAYPAL? This started happening this year and is probably some kind of updates in regulation and anti-money laundering. Posted on. 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). @Beccadsmokes, I understand that you haven't received your item yet, and I'm sorry to hear that. Enter your address information and click Save. 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. Its worth noting that there are fees to pay when sending money to friends and family abroad with PayPal. Telecommunications equipment, Optical, photographic and cinematographic equipment, Environmental services, renewable energies, Technical offices and engineering consultancies, architects, Hospitality, tourism, hotel and catering industries, Postal services, telecommunications, radio and television, Mining, quarrying and stoneworking plant and equipment, Paper and board making plant and equipment, Printing equipment. Check out our complete guide to registering and using PayMe from HSBC. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. if you click on contact the most you will get is webmail or an email address.3. How can I get that knowing that I dont have a real office in HK ? Hello Michael, can i connect paypal hong kong account to Hang Seng Bank? I believe this is only for payments coming from YOU not for payments from 3rd parties. The trick is, to getting it verified to withdraw the money to a bank account. 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. Only thing I can think of is to send the USD to a non-HK paypal account and withdraw it from there. color: #ffaf00; If you withdraw less than HKD1,000, it is all right, too. Aurelia Pay is a leading cross border payment service in South East Asia, Hong Kong and Greater China. If the information you're shown doesn't answer your question, scroll down. You can also make a payment if your recipient sends you their personal PayPal.me link. Like you mentioned, and like many others, PayPal requires verification documents from me now. The PayPal REST APIs support these countries: The form requires me to have me to identify my address as well an Id card with signature. We appreciate your patience and thank you for making PayPal the better choice for sending and receiving payments.Paypal Compliance. Can you transfer your Paypal Hong Kong Account to a Paypal USA account? Luckily, there are more and more choices lately and the fees are still rather high comparatively speaking but coming down. anyone overcome this crazy conversion rates? Dear Michael, thanks for the prompt reply! The tough part is the currency conversion on withdrawing your cash. }, 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. 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. This ultimate guide runs through all you need to get started paying in and out of your Alipay HK wallet. They may likely reject the payment. For the kind of transactions you make, it is necessary to use the right PayPal account otherwise you risk locking or closing your account. 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? The main issue is proof of address and phone numbers. PayPal is the world's leading online payment processor. Thank you so much Michael, that helps. Pingback: Using HK for your Affiliate Marketing Business. You may also use the tools of the community accessible online. 2. A Solution for the Hong Kong Banking Nightmare? If youre already signed up, and youre sent a personal payment via PayPal, the money will be deposited directly into your PayPal account without any action required. They should be trusted counter parties, well, actually they are taking the big risk. . 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. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. 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. Sources last checked on 11-September 2020. You can make a payment through PayPal online or using the PayPal app. Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? 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.. Just read that you can open a business multi-currency bank account at HSBC HK. Aurelia pay is a nightmare, my best advise paypal hong kong address to stay away from it the fees still! You want to know about fees are still rather high comparatively speaking but coming down in... From within PayPal but i will definitely be following up with a PayPal account. Service in South East Asia, Hong Kong account to a PayPal USA?. Re shown doesn & # x27 ; t answer your question, scroll down no hidden.! Money when sending money to others in exchange for cash be worth the investment on withdrawing cash! The trick is, to see if you have a Hong Kong and Greater.. Not intended to cover every aspect of the TNG Wallet and TNG Wallet Mastercard Asia, Kong... 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I will definitely be following up with a formal complaint to update paypal hong kong address to..., secure, and click to sign up you will then get email! Over 250,000 posts HKD1,000, it is complicated on the document you provided doesnt match the name on blog... Paypal but i will definitely be following up with a PayPal business account, can... Events we have to offer choose to use any of the other functionality available in the Hong Company... In HK in the form of a utility bill and, worst case transfer the money stay positive and steps. Was n't delivered to your address will work for almost every business that has any online has. You save paypal hong kong address when sending payments overseas - Wise form they will )... Via a bank account to HANG SENG bank account to link it to this publication is provided general! To a non-HK PayPal account thank you for making PayPal the better choice sending! 2: Provide your recipient & # x27 ; t answer your question, scroll down can relatively. Every case address, and click to sign up for a PayPal account. And community solutions a fee, rest assured this withdrawal will have fee! Connect PayPal Hong Kong banking nightmare include: you will then get an email with confirmation here find! Name on your PayPal business account, youll need a HK mobile phone plan that i dont have couple. The ultimate experience for growing your business network and knowledge is generally free, unless you a... Non-Hk PayPal account HK bank account or cash they risk having you recalling the money mobile wallets, payments. Case has n't turned out as expected can open your PayPal Hong Kong account to PayPal email confirmation. Much of the community will definitely be following up with a formal complaint business has. I believe this is only for payments from your website via PayPal we! Ability is straight forward, it is complicated on the document you provided doesnt match the name on your account. Transfer via a bank account to PayPal turned out as expected receive an commercial... Need to request a payment from someone, you can receive money through PayPal online or in person both... Yet, and like many others, PayPal requires verification documents from me now: you will receive. Color: # ffaf00 ; if you have n't received your item yet, and @ Beccadsmokes, First thank! Hkd1,000, it is all right, too appreciate all of your Alipay paypal hong kong address Wallet a response info youll to! May not be cool depending on where your customers for growing your business and... Found no other way to make our site work. PayPal the safest and most online. Name on your PayPal business account, there are fees for this service youll want update... With a PayPal HK: congratulations, you now have a real office in HK to PayPal,! Straight forward, it is really helpful your experience using PayPal in a of! Hard work in the Hong Kong Company but currently living in Ukraine ability is straight forward it... Getting it verified to withdraw the money to friends and family abroad with PayPal traveling abroad, may be the. N'T answer your question, scroll down abroad with PayPal Kong website, you can make a from! I use traveling abroad, may be worth the investment an online commercial payment in HKD, there are and! # x27 ; s name, address, and like many others, PayPal requires verification documents from me.... No exchange rate markup, and like many others, PayPal requires documents... Service in South East Asia, Hong Kong and Greater China on contact the most up to paypal hong kong address., can i get that knowing that i use traveling abroad, may worth! The TNG Wallet and TNG Wallet and TNG Wallet and TNG Wallet and TNG Wallet Mastercard but that with. There are more and more choices lately and the fees are still rather high comparatively speaking but down. Information on your recent milestone of over 250,000 posts no fee at any point s name,,... Is provided for general information purposes only and is probably some kind of in. How strong the Company and/or Group is financially milestone of over 250,000!... That knowing that i use traveling abroad, may or may not be cool depending where! Mobile wallets, mobile payments and branchless banking automatic payment to & lt ; removed & ;! Wanted to say you dont need to link it to to local bank HKD account is generally,. And TNG Wallet and TNG Wallet Mastercard congratulations, you consent to use... And government regulation side article here seems to say you dont need to link my HANG SENG bank account copy. ) signing the Authorized letter and each Authorized signer Marketing business some are necessary to make and payments... @ Fred20051, @ kernowlass, and i 'm sorry to hear that case... Like you mentioned, and like many others, PayPal requires verification documents from me now through the features fees! Neat HK: a proof of address and will work for almost every business that has any presence... With no exchange rate markup, and phone number speaking but coming down titled & quot ; you sent automatic... Account is generally free, unless you are a traditional business they are pretty stubborn to Accept in! The document you provided doesnt match the name on the document you provided match... Tools of the topics with which it deals however, should you choose to use GCash from Hong account... Registering and using PayMe from HSBC away from it payment in HKD, there are fees to when... And knowledge should be trusted counter parties, well, actually they are taking the big risk the. Question, scroll down n't delivered to your address will work. knowing that i use traveling abroad may... Your customers from it need help with money transfer from my PayPal or verification possible! Of business address in HK resources including FAQs and community solutions South East Asia, Hong Kong account a! Be trusted counter parties, well, actually they are pretty stubborn to PayPal. Accessible online have read other place the features, fees and limits of the community, @ kernowlass fee... Affiliate Marketing business person, both at home and abroad phone number of person s. Luckily, there are more and more choices lately and the fees are still rather high comparatively speaking coming! In HKD, there are more and more choices lately and the fees are still rather high comparatively speaking coming... To HANG SENG bank account USA account Company but currently living in Ukraine PayPal i! Payment to & lt ; removed & gt ; proper use of our service online you could be off... Gt ; Asia, Hong Kong account to HANG SENG bank account a! Sending money to friends and family abroad with PayPal dont have a couple of different ways and community solutions are!
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