As we know, getting a bank account in Hong Kong has been troublesome. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. Global From Asia enjoys creating valuable content to help you grow your cross border business from Asia direct. All the lines are busy at the moment, please try again in a moment. Fraudulent Payment to AJCLOUD HONGKONG CO, LIMITED. How do you know if your Paypal account is actually verified? How to stop this scam: HONG KONG SOOUYA TECHNOLOGY LIMITED. 15th Floor Central Plaza 18 Harbour Road Rooms 1506-07 Wan Chai HK. 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. The fee is, as you say, crazy. If you transfer your current bank account to use your Hong Kong address, you should receive your next bill at your Hong Kong residence. Lets all work together to solve these problems. But if the customers are worldwide, then you will be paid 4.4% + fixed rates. . 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. 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. Youll pay a fee for the transfer, and an extra charge if it is funded in part or full using a card. Posted on. 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. 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? Hi Audrey, some use Twilio phone numbers or other online number solutions. just greedy number. Kindly checkout this link for our contact information: https://www.globalfromasia.com/contact/. Use the funds for your operating expenses on hosting, services, and other items. Someone asked me and its true you dont see too clearly your own profile. They can only receive SMSs from an actual mobile. Ive used Paypal since 2004 as a seller, with a USA account for my first e-commerce business. 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. The currency conversion rate is extremely bad at ~2.5%. App similar to findmyiphone but for Androids. The data we collect are only those necessary for the proper use of our service. Go to our Contact Us page. So, in the PayPal account, your clients can easily pay and you can even accept payments from other marketplaces, including Amazon and others. 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. Please help us finish this process by completing the following steps. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. If you send money overseas with PayPal, youll usually need currency conversion so your payment is made available to your recipient in their local currency. There will only be a nominal fee of HKD3.5 to pay for your bill. More updates from Sam. And in Hong Kong its not much different. Seller advertised that they are located in Canada on Facebook. Great pictures of items at bargain prices that turn out to be tat.5. 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. Signing up is pretty straight forward like any other Paypal in the world. 2211 North First Street San Jose US-CA US 95131. . Subject: Your identity confirmation is now complete. Hello @Fred20051, @kernowlass, and @Beccadsmokes,First, thank you for that great information, @kernowlass. Does anyone have any good solutions? We found no other way to bargain with Paypal. How can i contact you? Its hardly the mid-market rate that they give. If your account was limited for identity confirmation, the limitation has been removed. and got this email: 10 hrs ago [email protected] started the conversation. 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. Learn more about PayPal business fees and exchange rates, here. Shopping online has never been this easy. any suggestions would be appreciated. If you cant find the answers to the questions you have, youll be guided to send a secure message online via the PayPal website. Check out the below media formats we currently have and are constantly finding more ways to share knowledge and connect with you. 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. It is jam packed with everything you need to know from setting up your Hong Kong limited company. Just go over to the website for PayPal Hong Kong and choose to sign up. I have a HANG SENG BANK account. But we all know it is a necessary service. Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. 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. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. So we will most likely need to charge in USD. Dear Michael, thanks for the prompt reply! Shop Now Pay with your preferred card Link all your cards and choose which one to use at checkout. New to the community? (The documentation does not need to show the address where the item was actually sent. 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. We have a Remittance Partner Recommendation. Luckily, there are more and more choices lately and the fees are still rather high comparatively speaking but coming down. 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. Ill probably send to another user to get around the 2.5% fee. As your sales volume increases, it also gets the attention of Paypal. Click Profile at the top right corner of the page. You can accept credit cards on your own website in your own shopping cart without redirecting to the Paypal website. If you withdraw less than HKD1,000, it is all right, too. Can our Hong Kong Company register a bank account in the United States, is this a feasible option to get around this problem? I am completely new to PayPal. Were still unable to complete the review process of your account at this time. Its true, just like the credit card issue it is a waste of money. With one single account number, HSBC Business Direct combines a range of deposit and investment1 accounts so that you can effectively manage your companys finances: Hong Kong Dollar Savings Hong Kong Dollar Current Foreign currency savings available in 11 currencies including Renminbi (RMB), US dollar (USD), Euro (EUR), pound sterling (GBP), Australian dollar (AUD), New Zealand dollar (NZD), Japanese yen (JPY), Canadian dollar (CAD), Singapore dollar (SGD), Swiss franc (CHF) and Thai baht (THB). Wise payments are convenient, secure, and arrive quickly - with no exchange rate markup, and no hidden fees. Like you mentioned, and like many others, PayPal requires verification documents from me now. Learn more here. 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. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. Users in Hong Kong SAR are advised to read the terms and conditions carefully.When you visit or interact with our sites, services, applications, tools or messaging, we or our authorised service providers may use cookies, web beacons, and other similar technologies for storing information to help provide you with a better, faster and safer experience and for advertising purposes. 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. Generally, with whatever currency your account holds, theres not a fee charged for sending money from your PayPal account. * 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. 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. The merchant account). Why this number ? Address: Room 1506-1507, 15/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. All rights reserved. 1999-2023 PayPal, Inc. All rights reserved. By continuing to use our services beginning May 25, 2018, you acknowledge and agree to our updated Privacy Policy and Cookies Policy. Over 80% of surveyed SMBs embrace digital to grow cross-border selling. How do I enable PayPal Zettle customer lists? But, if your clients are overseas, then you'll be charged for 4.4% + fixed fees. View all Cash Pick-up locations 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. Life time support - waqarshakeel .stars, .rr_star { 2.5% is a complete piss take when you think about it just for withdrawing money. kq bong da nam,cch kim tin v paypal,xs kien thiet mien trung. The trick is, to getting it verified to withdraw the money to a bank account. If you have a business account, you can also receive money for selling online or in person, both at home and abroad. }, 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. So, I contacted them saying that I wasnt quoted a fee for my withdrawal, and that I dont appear to have been charged, and asking would there be a charge later on. hi Jan, I dont think that Paypal exactly tells people how much you can do with various levels of verification but I would say it is fine for 5k to 10k a month. Hello Michael, can i connect paypal hong kong account to Hang Seng Bank? To collect payments through email, social media, and instant messages, you can use a PayPal link. 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? Pingback: Hong Kong Needs Stripe Merchant Account Services! Activity, company ), Click on one of the icons to share the company. What payment methods can I use with PayPal? You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. 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. Is there a backdoor method or which I can wire my USD to another place then convert it on more favorable exchange rates? Is it free or there is a fee any idea? Product PayPal Innovation Technology. By browsing this website, you consent to the use of cookies. Its painful I know.. While adding a markup to currency exchange rates is common, not all providers do so. Check out Wise as a smart, simple way to cut the costs of sending and receiving money from overseas. 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. Well also look at an alternative which can help you save money when sending payments overseas - Wise. If you receive an in person payment using a QR code, in HKD, youll pay an extra HK$0.80. It that case I will have to use Paypal As Your Main Bank For Hong Kong scheme described by you in the article. While you received their cash or transfer you could deny that the products or services were delivered and then that person may have the money retracted from their account. Consumer Advisory PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under License Number: SVF0008. Your article here seems to say you dont need to be, but that clashes with what I have read other place. just greedy number. Its worth noting that there are fees to pay when sending money to friends and family abroad with PayPal. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. This guide walks through how to use GCash from Hong Kong. Question from a reader (via email) that is worth sharing with everyone to help those in the future: Things should run smoothly once those steps are setup. Find the address you want to update and click Edit. The emails will go something like this: Here at PayPal, were constantly taking steps to ensure that your experience is in line with regulatory requirements. Discover it now, Receiving a domestic personal payment, funded by PayPal balance or linked bank account, No fee if paid out in HK$ - currency conversion fee may apply otherwise, Receiving a domestic personal payment, funded by credit or debit card, Receiving an international personal payment, funded by PayPal balance or linked bank account, Receiving an international personal payment, funded by credit or debit card, Receiving a domestic commercial payment online, 3.9% + fixed fee + currency conversion fee if applicable, Receiving an international commercial payment online, 4.4% + fixed fee + currency conversion fee if applicable, Receiving a domestic commercial payment in person using a QR code, 1.2% + QR fixed fee + currency conversion fee if applicable, Receiving an international commercial payment in person using a QR code, 1.7% + QR fixed fee + currency conversion fee if applicable, Fees are subject to a cap by currency. Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. utility bill, bank statement) within 3 months. Representative-Hong Kong/ Worldwide Areas. Thanks for completing your identity confirmation. Why this number ? This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. Businesses need to receive money from customers, as almost everyone around the globe has an account with them. Michael MicheliniLast Updated: July 18, 2020Banking, Blog, Corporate49 Comments. I will move HK this month anyway. Find out how to register, send and and receive money via FPS. You may also use the tools of the community accessible online. Pingback: Using HK for your Affiliate Marketing Business. The reason you get this is it is a true merchant account. 88 percent of customers would complete the initiated checkouts for PayPal. Our review is now complete. The person youre asking to send you money will receive an invoice allowing them to pay you using a card, linked bank account or their existing PayPal balance. 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%. They should be trusted counter parties, well, actually they are taking the big risk. Youll also be able to pay using a PayPal.me link if your recipient has sent one to you. The League of . * 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. (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! Please email us at [email protected] to authorise us to change the contact name from Michael to Mike. To get in touch with PayPal Hong Kong, youll need to head over to the PayPal website and visit the help centre. Youre right. 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. The main issue is proof of address and phone numbers. The name of the sender is supposed to match the name of the Paypal account holder. Connect with others in the GFAVIP member community with a wide range of different events we have to offer. RFU form (Application form they will attach). (Hardest time/ task ever just to get my money back). Any thoughts Id love to hear them!From Dan. PayPal business accounts also known as merchant accounts have separate personal account charges with PayPal. Now its your turn to share what is your rating for Paypal Hong Kong. What about migrating a Paypal account to HK? Headquarters Address. Want to save with international transfers? To transfer payments to all of your consumers or clients, you do not even need a PayPal balance. 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. No return address on the returns policy. Also check out Global From Asia Reviews for more options and alternatives we add as many as we can on a regular basis! That constitutes proof of address and will work for almost every case. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. Youll pay an upfront fee, as well as a currency conversion cost. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. Just go over to the website for PayPal Hong Kong and choose to sign up. 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