Contact Us Create a free Business Account That constitutes proof of address and will work for almost every case. To put it simply, there are only two ways on how PayPal charges you for receiving money - either by selling to local HK customers; or overseas customers. 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. and got this email: 10 hrs ago service@paypal.com.hk started the conversation. 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. Shopping online has never been this easy. Our review is now complete. Paypal, on the other hand, charges by tier rate from 3.9% down to 2.9% + HK$2.35 for local currency transaction in Hong Kong. The paypal account has been linked successfully with two small payments from paypal identified. So, in the PayPal account, your clients can easily pay and you can even accept payments from other marketplaces, including Amazon and others. The details, per the email: "CSP-Basic Storage 7 days and . Is multi-currency banking not an option? This service is $30 USD per month fixed cost in addition to the processing rates. You may also use the tools of the community accessible online. .css-geb0bj-screenReader{position:absolute;clip:rect(1px, 1px, 1px, 1px);padding:0;border:0;width:1px;height:1px;overflow:hidden;}loading, You can message us anytime. This is in the form of a markup added to the exchange rate. Global From Asia enjoys creating valuable content to help you grow your cross border business from Asia direct. For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. <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 . Seller advertised that they are located in Canada on Facebook. The League of . Manage Products and Account Information Support Americas +1 212 318 2000 EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000 Company Bloomberg Markets US Edition Sign In Subscribe Live Now Bloomberg. 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. Can our Hong Kong Company register a bank account in the United States, is this a feasible option to get around this problem? There will only be a nominal fee of HKD3.5 to pay for your bill. You can also keep earning rewards from your favourite cards^.Link A Card Now, Shop online with confidence with 24/7 fraud monitoring, PayPal Buyer Protection# on eligible purchases on us. (Hardest time/ task ever just to get my money back). Check out our complete guide to registering and using PayMe from HSBC. I have a HANG SENG BANK account. POA (Proof of Address) is not required for getting this level of verification in Paypal. 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. Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . They should be trusted counter parties, well, actually they are taking the big risk. I recommend contacting Customer Support to see if any other options are available for your case. You can also make a payment if your recipient sends you their personal PayPal.me link. Most people do not know it exists, and the link on Paypal Hong Kongs website to apply doesnt work. 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. Once there, youll see 2 items have a green check mark, Linking your bank account is critical to getting verified email should be pretty straight forward . Hello @Fred20051, @kernowlass, and @Beccadsmokes,First, thank you for that great information, @kernowlass. 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. Now its your turn to share what is your rating for Paypal Hong Kong. Choose the issue that most closely matches your reason for contacting us. Heres how to edit your address: 1. How to sign up for a PayPal business account in Hong Kong You can open your PayPal business account online. While you cant connect it to the European bank, we have some resources who can manually collect for you and wire it over. Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) Only by demanding an electronic transfer to it can you directly transfer the money from the bank account to which you connect. Prefer us to call you? The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. What information do I need to link my HANG SENG BANK account to PAYPAL? 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? 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. Want to work with specialists in the GFA network? Log into your PayPal account Go to Send and Request, and hit Request Enter the email address of the person you're asking for a payment Enter the amount you're requesting Add a note Click Request a Payment to confirm The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Pretty scary right! There are some expenses you need to know about whether you have an online business and get paid by PayPal. I have a local Hong Kong Paypal account. Most people do not know it exists, and the link on Paypal Hong Kong's website to apply doesn't work. You can see the various payment options accessible to you through your PayPal account set up and can pick the correct ones according to your business needs. so my account does not interrupted ??????? Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. 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. Lets help each other out and share tips and strategies in the comments below! Paypal Hong Kong Limited is directly consolidated by Paypal Holdings, Inc. Posted on. 2.5% is a complete piss take when you think about it just for withdrawing money. This ultimate guide runs through all you need to get started paying in and out of your Alipay HK wallet. Please email us at compliance-apac-KYC@paypal.com to authorise us to change the contact name from Michael to Mike. The payments will though, be a slight bit higher for U.S. accounts. This guide walks through how to use GCash from Hong Kong. By the way thanks for the Blog it makes me feel not alone. PayPal is the world's leading online payment processor. To receive money on PayPal, youll first need an active PayPal account. You can receive money through PayPal in a variety of different ways. I hope everyone has a wonderful weekend! 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%. Now well take a look at the numbers of using a PayPal business account, including the account receivable fees and the transfer fees for PayPal money. 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. Wed love to hear from you but please dont reply to this email. If the information youre shown doesn't answer your question, scroll down. 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. 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. 04/11/2016. But if the customers are worldwide, then you will be paid 4.4% + fixed rates. 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 ? Of course Paypal wants you to grow and succeed, that means they are making more money too! But as you grow they will need to background check everything. Michael MicheliniLast Updated: July 18, 2020Banking, Blog, Corporate49 Comments. Your last solution is a possibility if nothing else works. If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. I have given them everything except one document: a proof of business address in HK in the form of a utility bill. 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. To prevent any account limitations, please confirm your identity at dashboard. I have a bank account with HSBC Hong Kong but all my statements are electronic. Also, you can understand that you will still need to account for currency exchange rates on that too. Hi Mike, this was really helpfull for me to register my paypal account and adding my bank account but, i have a question how much does it cost to top up money from hsbc to paypal ? Explore PayPal for Business Speak to a Expert Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM * Request a callback Prefer us to call you? Shop Now Pay with your preferred card Link all your cards and choose which one to use at checkout. }, 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. 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. RFU form (Application form they will attach). 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. This is so you only need to convert the funds once. Can you transfer your Paypal Hong Kong Account to a Paypal USA account? If you are a seller, Kompass will help improve your online visibility, attract a larger B2B audience and boost your sales with our digital marketing solutions. 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. I am temping for a company based in UK for an ad-hoc job. Of course, based on whatever currency you are relying on the fixed fees are different. Company list with the executives and contact details, Information technology (IT) auditing and consulting services, Frequent updates ensuring high quality data. 2888240). 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