Contributor. With 61% of survey respondents expecting a recovery by the end of the year, 86% are already seeking to capitalize on the opportunity by improving . 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. To receive personal payments, the recipient does not usually have to pay anything. Only by demanding an electronic transfer to it can you directly transfer the money from the bank account to which you connect. Click Profile and settings. Product PayPal Innovation Technology. PayPal - How do I send payments from the PayPal app? Log in to your PayPal account. How to sign up for a PayPal business account in Hong Kong You can open your PayPal business account online. Include audit reports of your parent company, associated companies and subsidiaries. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. 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. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. I have a HK mobile phone plan that I use traveling abroad, may be worth the investment? New and existing customers looking for set up, technical and account support. From my experience the quick answer is No. 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. We appreciate your patience and thank you for making PayPal the better choice for sending and receiving payments.Paypal Compliance. 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. 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. Please refine your search by(Localization + What, who? Copy of your Companys Certificate of Incorporation (CI), Proof of address of your Company (e.g. You can make a payment through PayPal online or using the PayPal app. I have filed a case with Paypal and they are reviewing it. 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. However, should you choose to use any of the other functionality available in the PayPal business account, there are some payments attached. By the way thanks for the Blog it makes me feel not alone. However, there may be charges which the sender has to cover. 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? Pingback: Hong Kong Needs Stripe Merchant Account Services! By continuing to use our services beginning May 25, 2018, you acknowledge and agree to our updated Privacy Policy and Cookies Policy. 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. I will look into Twilio though as it wasnt the one I was looking at. Is it OK if we also use cookies to show you personalized ads? Kindly checkout this link for our contact information: https://www.globalfromasia.com/contact/. 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). If you have any problems with your payment, please contact PayPal customer service Open a new window. just greedy number. By browsing this website, you consent to the use of cookies. anyone overcome this crazy conversion rates? 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. A letter stating it wasn't delivered to your address will work.) Click Update beside Address. This is a small charge set according to currency. Almost every business that has any online presence has PayPal. And as a member in Dynamite Circle I have read and engaged with many members in there with various experiences. color: #ffaf00; If you open a Paypal HK account, youll need a HK bank account to link it to! Step 4: Easily pay with Paypal, bank account, credit card, or debit card. Any thoughts Id love to hear them!From Dan. Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! Cant get farther response from Pp.. Taking money out is a rather tricky part. Also through my podcast and this blog, I have connected with even more people having various experiences themselves using Paypal. It is availble on transactions between AU$30, and $1,500 and can impact a . how can I get around this. PayPal automatically puts in the HK country code before a mobile number. The past year and change has been a lot of challenges for all of us. 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. Pingback: A Solution for the Hong Kong Banking Nightmare? 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. Fraudulent- Hong Kong. Im still interested in hearing about any solutions people are using. The paypal account has been linked successfully with two small payments from paypal identified. Again, if you withdraw any currency other than USD, assume GBP, then the possibilities are there will be a small extra processing charge on your transaction for currency exchange. All the lines are busy at the moment, please try again in a moment. If you find out otherwise please let me know. 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. A question I received from a reader was they are moving to USA and doing business there, but after many years with a Hong Kong Paypal with subscriptions, they are asking me if you can transfer the Paypal HK to a US based account. 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. Dont know who you are but why yall talking money out my account, Pay, shop, and do even more on the PayPal app. Can anyone help me identify who these people are and why they are trying to take money from me monthly? Now its your turn to share what is your rating for Paypal Hong Kong. To get started, open, click, and follow the links in that same message. Only thing I can think of is to send the USD to a non-HK paypal account and withdraw it from there. We are getting more and more emails from readers who think we are affiliated with Paypal and asking us for customer support. Before you send an international payment with PayPal, make sure you understand the costs involved. Hi. 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. Find the address you want to update and click Edit. 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. Knowing this, my paypal currency will be in USD. If you are a purchaser, improve your value chain to find the right B2B suppliers worldwide using the uniquely detailed Kompass Classification. This mailbox is not monitored and you will not receive a response. You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. They supposedly sell virus software (which I have never had.) Looking for PayPal Business Solutions? Over 80% of surveyed SMBs embrace digital to grow cross-border selling. 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). If you need to reach us, simply click Help on any PayPal page. Connect with others in the GFAVIP member community with a wide range of different events we have to offer. PayPal - How do I send money through PayPal? We found no other way to bargain with Paypal. However, the costs can be relatively high for international and commercial transactions. More updates from Sam. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. But, youre not alone. Please contact us for details for now. How do I send payments from the PayPal app? . These charges apply to personal and commercial PayPal accounts, and are applied whenever currency conversion happens, including when you withdraw funds to your own bank account or switch currencies within your PayPal account. Sources last checked on 11-September 2020. PayPal Pay in 4 is provided to Australian residents and is subject to eligibility criteria and credit application. For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. 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. Check out our complete guide to registering and using PayMe from HSBC. I personally dont withdraw much of the funds from Paypal to avoid the currency conversion. *Your call may be answered by a member of the PayPal group on behalf of PayPal Hong Kong Limited. Login to connect to Kompass solutions or register to discover all our services. Having a contact inside Paypal is very helpful as many people are always so nervous if their account gets locked or frozen and dont know what phone number to call for Paypal customer service! Where it all began! 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. Its true, just like the credit card issue it is a waste of money. Users in Hong Kong SAR, China are advised to read the terms and conditions carefully. You can add USD bank accounts to HK Paypal, and withdraw at Xero fee. It could be that the error is shown only at some times, or that the error is not shown all of the required times. Prior results do not guarantee a similar outcome. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. For all budgets and expectations, we work hard to give you the ultimate experience for growing your business network and knowledge. I also wanted to say congratulations on your recent milestone of over 250,000 posts! Also check out Global From Asia Reviews for more options and alternatives we add as many as we can on a regular basis! Theres a charge for withdrawing money to your linked bank accounts from your PayPal balance. I hope everyone has a wonderful weekend! just greedy number. The PayPal REST APIs support these countries: Want to save with international transfers? As well as paying a transaction charge, there is a fixed fee charged for receiving most commercial payments. Open, click and follow the links in this message to get started. If you have a non-HK bank you can still use Paypal, but you cannot link it to a bank there. 5. Check out AureliaPay now! 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. How can I get that knowing that I dont have a real office in HK ? Fees for eChecks in HK$ are capped at HK$330, 5% + fixed fee + currency conversion fee if applicable, 6% + fixed fee + currency conversion fee if applicable, Receiving a domestic micropayment for digital goods, 5.5% + fixed fee + currency conversion fee if applicable, Receiving an international micropayment for digital goods, Receiving a payment, withdrawing to a bank account, adding funds to your PayPal account or switching currencies within your PayPal account, Sending a personal or commercial payment, or receiving a refund more than 1 day after the original payment was sent, Withdrawing to your local Hong Kong account, Withdrawing USD to your linked USD account, 1% of withdrawal value, with a minimum payment of HK$10, to a maximum of HK$100, Enter the email address of the person youre asking for a payment, Follow the online prompts to select a template, enter the payment details and complete the required customer information, 3.4% + fixed fee + currency conversion fee if applicable, HK$38.99 + currency conversion fee if applicable, HK$38.99 + 3.4% + fixed fee + currency conversion fee if applicable. 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. Is it free or there is a fee any idea? Yet we all hear the horror stories about your account getting frozen or closed by Paypal. just wanted to say fantastic resource Mike! Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. Address: Room 1506-1507, 15/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. 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? 2211 North First Street San Jose US-CA US 95131. . Check out Wise as a smart, simple way to cut the costs of sending and receiving money from overseas. Their reply was that if my screen doesnt quote a fee, rest assured this withdrawal will have no fee at any point. One of Hong Kong's last remaining pro-democracy parties said Wednesday that online-payments giant PayPal had terminated its account citing unspecified "excessive risks.". Heres how to edit your address: 1. Life time support, The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe), The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe), latest podcasts on Paypal and other merchant accounts on the site here, Using HK for your Affiliate Marketing Business, https://www.globalfromasia.com/cross-border-payments/. Fake reviews.6. Another solution is try to not withdraw any. If you have a problem with your PayPal account, the first thing to do is head over to the PayPal Contact Us page. Just to withdraw that money? Ok, but seller want it sent to Hong Kong. 1. But after several attempts of negotiation, we surrender. 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