But we all know it is a necessary service. just greedy number. They have given me the option to transfer payment using PayPal. 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. The site will look as if its in your country (where they despatch goods from) but they will ask for returns to go back to China (returns depot) at a shipping cost often more than the item is worth.2. It could be that the error is shown only at some times, or that the error is not shown all of the required times. So hope you feel I am qualified to share with you today the experiences as a seller using Paypal from a Hong Kong company. 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. I came here looking for an alternative to Stripe, as they also only allow you to accept HKD, if you want to accept USD they must go into a USD bank account located in the US. As your sales volume increases, it also gets the attention of Paypal. 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 . Not sure if Skype in has text message capabilities? 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. SVF0008. Welcome! The main issue is proof of address and phone numbers. Also through my podcast and this blog, I have connected with even more people having various experiences themselves using Paypal. From setup, to banking, credit cards, merchant accounts, cash flow, upkeep, operations, and more! All the lines are busy at the moment, please try again in a moment. 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. Today well talk about using Paypal in Hong Kong. Purchase a Reference to dispute PP suggest I send the merchandise back to get my refund. Click Profile and settings. And, worst case transfer the money to others in exchange for cash. Product PayPal Innovation Technology. You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. If the information you're shown doesn't answer your question, scroll down. The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. Pingback: The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos. Consumer Advisory PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under License Number: SVF0008. Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! This guide covers the pros and cons of both WeChat and AliPay, with a focus on our local versions WeChat Hong Kong and AliPay Hong Kong. How can i contact you? Shopping online has never been this easy. 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. Well look at this in more detail later. This ultimate guide runs through all you need to get started paying in and out of your Alipay HK wallet. This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. Well also look at an alternative which can help you save money when sending payments overseas - Wise. <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 have a business account, you can also receive money for selling online or in person, both at home and abroad. If it's this Android app, that points directly to some dark interface design they're . We appreciate your patience and thank you for your help in making PayPal the safest and most trusted online payment solution. - Meghan. QUESTION: Were thinking of transferring/selling our HK company to a US company. Thank you for your understanding and support. No return address on the returns policy. Apr-18-2022 12:11 AM. 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. PayPal - How do I send money through PayPal? Use the funds for your operating expenses on hosting, services, and other items. The reason you get this is it is a true merchant account. Which, may or may not be cool depending on where your customers. Do you see any way around this fee? Request a call back from our sales experts today. 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. Is multi-currency banking not an option? Can you transfer your Paypal Hong Kong Account to a Paypal USA account? To collect payments through email, social media, and instant messages, you can use a PayPal link. (The documentation does not need to show the address where the item was actually sent. I use Transferwise to get US dollars out of PayPal and exchanged to Candian dollars. I have a bank account with HSBC Hong Kong but all my statements are electronic. In as much as we would want to say, yes we found a solution, well, we didnt. 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. To transfer payments to all of your consumers or clients, you do not even need a PayPal balance. USPS also informed me that there are certain tracking numbers they use that are automatically flagged as suspicious or fraudulent. This is a small charge set according to currency. If you have a problem with your PayPal account, the first thing to do is head over to the PayPal Contact Us page. They can only receive SMSs from an actual mobile. Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? 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? This guide walks through the costs of making an online money transfer with PayPal, including the upfront charge and currency conversion fee. Why this number ? how can I get around this. Discover it now, Mid-market exchange rate + 4% currency conversion fee, Enter the email address of the person you want to send money to, Follow online prompts to enter the amount and currency youre sending in, Add a note to the recipient, check and hit, Enter the email address of your recipient, Confirm the amount and currency youre sending in, Check the details and complete the payment, HK$38.99 if payment is funded using your PayPal balance or linked bank account, HK$38.99 + 3.4% + fixed fee based on currency if you pay using a card. Please help us finish this process by completing the following steps. Teri12345. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. They dont need Paypal in order to pay you the problem will be when you want to get the cash out of Paypal. 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%. Sources last checked on 14-September 2020. By browsing this website, you consent to the use of cookies. 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. I would also be very interested in the answer to this question. Hey Roger, They always wanted residential address proof in HK but lately have been more strict about it. While you cant connect it to the European bank, we have some resources who can manually collect for you and wire it over. China - Mainland, Hong Kong, Macao, Taiwan regions; . Step 2: Provide your recipient's name, address, and phone number. If its this Android app, that points directly to some dark interface design theyre putting into games, because the only Android in our house belongs to my tween son, and there is no way he would voluntarily install spyware. 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? 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. 5. Check out AureliaPay now! But all funds coming in will be converted to HKD automatically. I will move HK this month anyway. Hello @Fred20051, @kernowlass, and @Beccadsmokes,First, thank you for that great information, @kernowlass. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? Hi. Ok, but seller want it sent to 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. You can also check for my latest podcasts on Paypal and other merchant accounts on the site here. These are the basic steps to setup in Paypal HK: Congratulations, you now have a verified Paypal Account! If you open a Paypal HK account, youll need a HK bank account to link it to! Does anyone have any good solutions? 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. 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 ? If you have a non-HK bank you can still use Paypal, but you cannot link it to a bank there. I have a HANG SENG BANK account. Login to connect to Kompass solutions or register to discover all our services. Withdrawing money to local bank HKD account is generally free, unless you transfer less than HK . 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? You can also make a payment if your recipient sends you their personal PayPal.me link. However, there are fees for this service youll want to know about. AVOID THEM AT ALL COSTS! . They may likely reject the payment. utility bill, bank statement) within 3 months. 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. PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under the License Number: SVF0008. Youll first be guided through these to try to find the answers to your questions independently. 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. (as we were incorporated and pay for a secretary with startitup in hk).Its not like I pay electricity monthly for a virtual office All ideas and suggestions are welcome! I am temping for a company based in UK for an ad-hoc job. WeChat Pay Hong Kong Limited. I have a local Hong Kong Paypal account. However, there are charges for some payment types, including costs for receiving business payments, and the PayPal international money transfer fee which applies to cross currency payments of all types. You can make a payment through PayPal online or using the PayPal app. 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? Cambodia doesn't operate pay pal. For the kind of transactions you make, it is necessary to use the right PayPal account otherwise you risk locking or closing your account. PayPal isnt the only way to make and receive digital payments. We have a Remittance Partner Recommendation. 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. 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. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. The fee is, as you say, crazy. What payment methods can I use with PayPal? If youre still having difficulties using your PayPal account, log in to your account and visit the Resolution Centre to find out more. 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). Home and abroad would ultimately need to know about we would want get... And out of PayPal but lately have been more strict about it + HKD per. Payment if your recipient sends you their personal PayPal.me link only way to make and receive digital.! Want to know about PayPal app in exchange for cash withdrawing money to local bank account... 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