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. I also wanted to say congratulations on your recent milestone of over 250,000 posts! Yet, the Hong Kong business owner was in mind when I wrote this. Your article here seems to say you dont need to be, but that clashes with what I have read other place. 4. Heres another message from one (can I say?) Crazy. Also, I have an extensive guide and listing of Hong Kong Merchant Accounts and I try to update it regularly. However, the costs can be relatively high for international and commercial transactions. 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. Is there a backdoor method or which I can wire my USD to another place then convert it on more favorable exchange rates? But requested that merchandise be send to Kong Hong. 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. The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. Theres just a transparent charge per transaction, and you can see upfront exactly how much the recipient will get. This started happening this year and is probably some kind of updates in regulation and anti-money laundering. Unless you like having your money arbitrarily frozen periodically. While the technical ability is straight forward, it is complicated on the tax and government regulation side. Great pictures of items at bargain prices that turn out to be tat.5. In compliance with regulatory requirements in your country, we need to confirm your identity as the account owner. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. If you need to reach us, simply click Help on any PayPal page. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. Latest audit report(s). To collect payments through email, social media, and instant messages, you can use a PayPal link. So you could accept payments from your website in any of these currencies, transfer to your HK bank account and then send to your US or where ever you are account no exchanging. POA (Proof of Address) is not required for getting this level of verification in Paypal. 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. By the way thanks for the Blog it makes me feel not alone. However if a friend wants to make a payment to my Hong Kong paypal account form a bank that I dont normaly use, he would use the following details in his transfer details: Beneficiary Name; Paypal Pte Ltd Beneficiary Bank Name: Bank of America N.A. They have given me the option to transfer payment using PayPal. .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. 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. force you to pay out in HKD and then convert back to USD or NZD etc. The REST APIs support many countries for PayPal account payments if you have a business account. People need to have some local HK connections nowadays to best do it. 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. Company directory and business data solutions. 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 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. But all funds coming in will be converted to HKD automatically. So we will most likely need to charge in USD. Can anyone help me identify who these people are and why they are trying to take money from me monthly? How do I enable PayPal Zettle customer lists? Youll pay an upfront fee, as well as a currency conversion cost. 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. SVF0008. It is called Paypal Hosted Solution, HHS. 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. Looking for PayPal Business Solutions? 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. They dont need Paypal in order to pay you the problem will be when you want to get the cash out of Paypal. 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. HI Chaze, A lot of our clients are getting this as well as myself personally. 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. Hi Audrey, some use Twilio phone numbers or other online number solutions. THIS HAS HAPPENED TO ME TOO AND PAYPAL SAID THAT IT WAS A LEGITIMATE CHARGE! Posted on. Each country for Paypal operates in that countrys main currency. 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. 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.. I have a HK mobile phone plan that I use traveling abroad, may be worth the investment? Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. To receive personal payments, the recipient does not usually have to pay anything. More on that, later. Any specific info youll need to enter include: You will then get an email with confirmation. View all Cash Pick-up locations Contact PayPal for answers to all of your online payment questions or to sign up for our services! By browsing this website, you consent to the use of cookies. Learn more and manage your cookies, Fix transaction and account related issues, Join the discussion with PayPal customers, Get help with using any of our PayPal products, Find out how PayPal works for your business. The form requires me to have me to identify my address as well an Id card with signature. Heres a short overview that we worked out for you to take a detailed look into all the costs of your local company getting a PayPal account. 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. For Hong Kong-based customers, you will eventually need to pay an amount of 3.9% + $2.35 HKD per transaction. 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 service is $30 USD per month fixed cost in addition to the processing rates. Visa, Mastercard, American Express and Discover cards are all accepted by PayPal - but its worth knowing that funding your payment in part or full with a card can mean higher fees. Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. Around 200 million people have a PayPal account. This guide walks through all you need to know about receiving PayPal money transfers, and also highlights a smart alternative if youre getting paid from overseas - Wise. This is a small charge set according to currency. Seller advertised that they are located in Canada on Facebook. This ultimate guide runs through all you need to get started paying in and out of your Alipay HK wallet. What payment methods can I use with PayPal? Welcome! Purchase a You can accept credit cards on your own website in your own shopping cart without redirecting to the Paypal website. 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. Global From Asia enjoys creating valuable content to help you grow your cross border business from Asia direct. 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. Our review is complete and we have returned your account to regular standing. 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 . PayPal offers simple convenient services - but the costs of sending and receiving international payments can be high. More updates from Sam. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. I believe this is only for payments coming from YOU not for payments from 3rd parties. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. 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. Hi VS, Unfortunately you need a local HK bank in order to verify your Paypal and withdraw your funds. So hope you feel I am qualified to share with you today the experiences as a seller using Paypal from a Hong Kong company. Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe. Just go over to the website for PayPal Hong Kong and choose to sign up. Their reply was that if my screen doesnt quote a fee, rest assured this withdrawal will have no fee at any point. They supposedly sell virus software (which I have never had.) - Copyright 1999-2017 PayPal. The name of the sender is supposed to match the name of the Paypal account holder. Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. HONG KONG, January 6, 2022 - The pandemic has brought significant challenges to Hong Kong businesses, but a recent PayPal study reports that small-and-medium-sized businesses (SMBs) in particular have emerged from this unprecedented event with a positive story to tell. just greedy number. I need to move my account to HK now and I have people waiting to send me money so how do I set up my account as registered in HK not in Cambodia as it says Cambodia in the settings.? Choose New. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. 2. But after several attempts of negotiation, we surrender. PayPal Hong Kong Limited. 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. Subject: Your identity confirmation is now complete. Pingback: The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos. Now its your turn to share what is your rating for Paypal Hong Kong. }, 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. The level of verification you get through this process, is it ok to handle roughly 5 to 10k per month on it? I am temping for a company based in UK for an ad-hoc job. Choose the issue that most closely matches your reason for contacting us. For any enquiries or asking for Wholesale A irsof t Products Whatsapp: +852 67464676 Facebook messenger: Sixmm. Another solution is try to not withdraw any. Financial regulations around the globe are getting harder not easier. Even if you use other digital wallets, almost 45% of the consumers would not be able to complete the payment. irate user about withdrawing USD. WeChat Pay Hong Kong Limited. Request a call back from our sales experts today. 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. 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. You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. They may likely reject the payment. Also through my podcast and this blog, I have connected with even more people having various experiences themselves using Paypal. How easy it is to withdraw funds transferred into PayPal? Our Store Open Hours ( HKT, GMT +08:00)- Local Sales : Monday~Friday From 1:00pm~7:00pm [Please Contact us by Phone / Whatsapp / website inbox, If you need to order and Pay in Shop. 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. However, there may be charges which the sender has to cover. . . Well look at this in more detail later. Our review is now complete. 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 ? No surprises and no hidden costs. You can receive money through PayPal in a variety of different ways. Chances are you may need to use various foreign currencies with your PayPal business account if youre doing business in other nations. 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. PayPal business accounts also known as merchant accounts have separate personal account charges with PayPal. , I have connected with even more people having various experiences themselves using PayPal local HK in! Support many countries for PayPal Hong Kong transparent charge per transaction for Hong Kong-based customers, will... Month fixed cost in addition to the website for PayPal Hong Kong company on! Kong Hong option to transfer payment using PayPal 45 % of the sender is supposed to match the of. 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Requires me to identify my Address as well an Id card with signature consumers would not able. To withdraw funds transferred into PayPal supposed to match the name of the sender has to cover also.
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