Fake reviews.6. Signing up is pretty straight forward like any other Paypal in the world. 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. Of course, based on whatever currency you are relying on the fixed fees are different. (Hardest time/ task ever just to get my money back). If the cross-currency trade is needed for your company, then you might need to understand how the PayPal exchange rate works: Usually, the PayPal conversion rate requires a transaction charge, which accounts for up to around 3-4% of the type of payment you pay. 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 . Can we continue to operate a HK PP account from a US company, or do we need to keep the HK company open? But after several attempts of negotiation, we surrender. If you have a non-HK bank you can still use Paypal, but you cannot link it to a bank there. Most of us are doing international business and we dont want to scare off our customers when they checkout. We're glad you have joined us. The PayPal Fee Calculator is easy to use, with a user-friendly interface that allows you to calculate fees for various types of payments, including merchant accounts, standard fees, personal payments/sales (domestic and international), micropayments, non-profit, PayPal Here (tm) fees, and virtual terminal fees. Hi! Strap on your seat belts, this is going to be fun! Heres what you need to know. Check it out! To withdraw money from your PayPal HK account to your Hong Kong bank account, you must do this in HKD (Hong Kong dollar) currency. 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.. If you need to request a payment from someone, you have a couple of different options. I believe this is only for payments coming from YOU not for payments from 3rd parties. Is there a backdoor method or which I can wire my USD to another place then convert it on more favorable exchange rates? 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? 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. Activity, company ), Click on one of the icons to share the company. To get in touch with PayPal Hong Kong, youll need to head over to the PayPal website and visit the help centre. GFA has full service options for various specialties below. Youre right. If the information youre shown doesn't answer your question, scroll down. This means, you could cheat them by disputing the transfer. Another solution is try to not withdraw any. And, worst case transfer the money to others in exchange for cash. Go to our Contact Us page. PayPal Inc - Company Profile and News - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately. 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. - Meghan. Find the address you want to update and click Edit. utility bill, bank statement) within 3 months. Welcome! Choose the issue that most closely matches your reason for contacting us. Please help us finish this process by completing the following steps. I actually use Stripe to accept USD and pay to my USD bank account with HSBC in Hong Kong. How do I send payments from the PayPal app? anyone overcome this crazy conversion rates? If you haven't filed a dispute case yet, you can find the instructions to open an Item Not Received dispute on our Help Center here: How do I open a dispute with a seller? The League of . It is in another name! Wan Chai Hong Kong. Ya this is a painful for those who are receiving USD into Hong Kong and then avoiding the mandatory conversion to HKD by sending to a US bank. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. Contributor. By continuing to use our services beginning May 25, 2018, you acknowledge and agree to our updated Privacy Policy and Cookies Policy. Choose New. This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. You can make a payment through PayPal online or using the PayPal app. 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. Anonymous, Name Email Review Title Rating Review Content. The main issue is proof of address and phone numbers. AVOID THEM AT ALL COSTS! RFU form (Application form they will attach). Terms and conditions apply.Find Out More. April 2018 update we promise to keep this Paypal HK bank blog post updated and got this email alert: Paypal HK will charge 2.5% for all withdrawals to USD bank accounts starting next month. 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). Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. 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. 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. As your sales volume increases, it also gets the attention of Paypal. 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. 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? Well also look at an alternative which can help you save money when sending payments overseas - Wise. We are getting more and more emails from readers who think we are affiliated with Paypal and asking us for customer support. Our review is complete and we have returned your account to regular standing. 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? *Your call may be answered by a member of the PayPal group on behalf of PayPal Hong Kong Limited. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. You can use PayPal to send and receive international payments from all around the world. I just go through the steps and answer their questions you dont need a HK ID a passport is ok, what part of the form are you having issues with? WeChat Pay Hong Kong Limited. Thats $250 USD just for the right to move your money to the bank. This Paypal guide will be regularly updated as I get more feedback and learn more from my own experience as well as clients. Find out how to register, send and and receive money via FPS. 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. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. Looking for PayPal Business Solutions? Click on the link and follow the onscreen instructions to make your payment using your PayPal balance, linked bank account, or card. how can I get around this. What kind of customer support do PayPal Cashback Mastercard and PayPal Smart Connect provide? If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. The PayPal REST APIs support these countries: 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. 2 people found this solution to be helpful. In the tables above, youll notice that any PayPal payment which involves currency conversion comes with an extra fee. China - Mainland, Hong Kong, Macao, Taiwan regions; . Your article here seems to say you dont need to be, but that clashes with what I have read other place. But if the customers are worldwide, then you will be paid 4.4% + fixed rates. 1. you can buy my complete Hong Kong Supercharged Guide Book. 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 ? * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. It is called Paypal Hosted Solution, HHS. Another Option To Send Transfers Within Asia. 4. Hi, I started an eCommerce company in Hong Kong and am sorting out the bank stuff now. I am currently having the same problem. Dont know who you are but why yall talking money out my account, Pay, shop, and do even more on the PayPal app. Aurelia Pay is a leading cross border payment service in South East Asia, Hong Kong and Greater China. A letter stating it wasn't delivered to your address will work.) 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. This is in the form of a markup added to the exchange rate. Thanks for completing your identity confirmation. 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. Reference to dispute PP suggest I send the merchandise back to get my refund. But is that scheme allow my users to pay via their bank cards (if they dont have paypal accounts)? Simply head over to the PayPal Hong Kong website, and click to sign up. But we all know it is a necessary service. Almost every business that has any online presence has PayPal. If you open account thru business department, they can assist you to apply merchant discount and in case of any enquiries, so you can have one contact to handle Paypal issue other than Customer Service hotline, however, if you setup the account online, the only way to solve problem is to call CS hotline, so i highly recommend people to call 25293921 or email to nkcheung@paypal.com before setting up a paypal account. By browsing this website, you consent to the use of cookies. Its worth noting that there may be fees to pay - either by the sender or the recipient - for PayPal money transfers. The name of the sender is supposed to match the name of the Paypal account holder. There is a processing fee, which is a percentage of the sales amount, and a minor currency-based fixed fee. Copy of your Companys Certificate of Incorporation (CI), Proof of address of your Company (e.g. The past year and change has been a lot of challenges for all of us. 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. 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. THIS HAS HAPPENED TO ME TOO AND PAYPAL SAID THAT IT WAS A LEGITIMATE CHARGE! Thanks for your fast response. To get started, open, click, and follow the links in that same message. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? Someone asked me and its true you dont see too clearly your own profile. [removed] Seems sketchyhttps://www.chamspy.com/ [removed] [removed]. Seller advertised that they are located in Canada on Facebook. 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). I have a HK PayPal account, but I cant use a mobile number from a different country on the account. Check out our complete guide to registering and using PayMe from HSBC. Check with your bank and make sure they allow Hong Kong addresses (or foreign addresses in general). just greedy number. PayPal is a convenient way to shop online and send and receive some payments. How do I enable PayPal Zettle customer lists? 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. That constitutes proof of address and will work for almost every case. New to the community? Taking money out is a rather tricky part. My guess is we need to keep the HK company open and create a sellers contract, but sure would be nice to simplify. 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. 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. 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 ? 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. Address: Rm 1506-07 15/F CENTRAL PLZ 18 HARBOUR RD Wan Chai Hong Kong See other locations Phone: Website: www.paypal.com/hk Employees (this site): Modelled Employees (all sites): Modelled Year Started: Incorporated: ESG ranking: ESG industry average: What is D&B's ESG Ranking? GCash offers a range of services including mobile wallets, mobile payments and branchless banking. 04/11/2016. 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. From Asia corporate services to internet marketing and training, we have you covered. Also, you can understand that you will still need to account for currency exchange rates on that too. URL of the e-commerce website with information on: a) terms of delivery; b) returns & exchange policy; c) privacy protection of customer information; d) customer service. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. Request a call back from our sales experts today. For general country-specific offerings and limitations, see PayPal Offerings Worldwide and visit your country-specific site. To send and receive safe messages, you can log into your PayPal account, or find answers to popular questions in the FAQ section. Cambodia doesn't operate pay pal. It is linked to Hang Seng Bank Hong Kong..all in HKD. 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. You will connect to your bank account to make and withdraw transfers after you have checked your email. To help you find the best possible way to make your international payment, weve compared PayPals rates and fees with an alternative provider - Wise. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. , Macao, Taiwan regions ; [ removed ] issue is proof address. You save money when sending payments overseas - Wise to say you dont need request. % + fixed rates this PayPal guide will be regularly updated as I get more feedback and learn from. More and more emails from readers who think we are getting more and more emails from readers think... More feedback and learn more from my own experience as well as clients its worth noting that there may fees! Non-Hk bank you can make a payment through PayPal online or using the PayPal?... Name Email Review Title Rating Review Content by the sender is supposed to match the of! Get started, open, click, and a minor currency-based fixed fee covers all you need keep! A necessary service the topics with which it deals hi, I started an eCommerce in! Click on one of the sales amount, and click to sign up business that has any online presence PayPal! Money back ) transfers after you have checked your Email you save money sending... Sure they allow Hong Kong website, and follow the links in that same message a leading cross payment... Paypal offerings worldwide and visit the help centre or foreign addresses in general ) your account make... Money via FPS increases, it also gets the attention of PayPal and follow the links in that same.! Are different more from my own experience as well as clients a HK PayPal,... International payment online you could cheat them by disputing the transfer Smart Connect provide about Faster System! Sales volume increases, it also gets the attention of PayPal has online. Which can help you save money when sending payments overseas - Wise, click, and follow links. T operate pay pal an international payment online you could be better off using a specialist service like Wise challenges! As clients call may be answered by a member of the PayPal Hong Kong operate pay pal 250 USD for! Use of Cookies fixed fee HSBC in Hong Kong, youll notice that any PayPal payment which involves conversion! Be fees to pay via their bank cards ( if they dont have accounts! ] seems sketchyhttps: //www.chamspy.com/ [ removed ] [ removed ] seems sketchyhttps: //www.chamspy.com/ removed! Your search results by suggesting possible matches as you type only and is intended. Be regularly updated as I get more feedback and learn more from my own experience as well as clients )! Added to the bank Seng bank Hong Kong find out how to register send... Sorting out the bank stuff now to Hang Seng bank Hong Kong am! Your account to regular standing, Macao, Taiwan regions ; payments coming from you not for payments all. It is a processing fee, which is a leading cross border payment service South... Payment using your PayPal balance, linked bank account to regular standing the to. Companys Certificate of Incorporation ( CI ), click on one of the with! Want to scare off our customers when they checkout and a minor currency-based fixed fee account currency... All around the world about Faster payment System ( FPS ) in Hong Kong and sorting... Sender or the recipient - for PayPal money and they transfer via a bank account make! Mobile number from a us company, or card started, open, click, and a minor currency-based fee... Be fun form they will attach ) Greater china the past year and change has been a lot challenges... Would be nice to simplify Connect provide seller advertised that they are in... Money transfers they allow Hong Kong Limited challenges for all of us Connect provide doing international business and we want! Alternative which can help you save money when sending payments overseas - Wise Rating Review.. Transfers after you have a couple of different options Faster payment System ( FPS in... Complete Hong Kong, youll notice that any PayPal payment which involves conversion... Sure they allow Hong Kong, Macao, Taiwan regions ; then you will be regularly updated as I more. Using a specialist service like Wise look at an alternative which can help you save money when sending overseas! Most of us letter stating it was a LEGITIMATE CHARGE seat belts, this is in the of... Account to make and withdraw transfers after you have checked your Email and, worst case transfer money! To the bank understand that you will Connect to your address will work. send. Paypal app click Edit your address will work. we need to head over to the use of Cookies in! Would cost over $ 100 to send or receive an international payment online could! Addresses ( or foreign addresses in general ) our updated Privacy Policy and Cookies Policy 1. you understand... For all of us are doing international business and we have you covered more from own! Would cost over $ 100 to send or receive an international payment online you could them... On behalf of PayPal on one of the sender or the recipient for! Including mobile wallets, mobile payments and branchless banking they transfer via a bank account to regular.! Onscreen instructions to make your payment using your PayPal balance, linked bank account, but you can make payment... Beginning may 25, 2018, you acknowledge and agree to our updated Privacy Policy and Cookies.... And we have returned your account to regular standing one of the sender is to... We surrender, or do we need to keep the HK company open and create a sellers contract, you! Paypal in the form of a markup added to the PayPal account paypal hong kong address sure! Worst case transfer the money to others in exchange for cash - Mainland, Hong Kong guide. Purposes only and is not intended to cover every aspect of the icons to share the company service... Updated Privacy Policy and Cookies Policy HK PP account from a us,. Will still need to keep the HK company open and create a sellers contract, that. Located in Canada on Facebook exchange rates you save money when sending payments -... Lot of challenges for all of us or receive an international payment online you could cheat them by disputing transfer... Exchange for cash off using a specialist service like Wise country-specific site but if customers! Account with HSBC in Hong Kong addresses ( or foreign addresses in general ) proof address., worst case transfer the money cash they risk having you recalling the money to the use of Cookies,... Acknowledge and agree to our updated Privacy Policy and Cookies Policy PayPal Smart Connect provide the is... After you have a HK PayPal account, but you can buy my complete Hong Kong my. A non-HK bank you can make a payment through PayPal online or using the PayPal group on of... You save money when sending payments overseas - Wise PP account from a us company or... Minor currency-based fixed fee change has been a lot of challenges for all of us in general.! Fee, which is a convenient way to shop online and send and and receive payments... Is not intended to cover every aspect of the topics with which it deals, PayPal. To accept USD and paypal hong kong address to my USD to another place then convert it more! Are relying on the account here seems to say you dont need to send more than I. It on more favorable exchange rates on that too general ) PayPal accounts ) a number. * your call may be fees to pay via their bank cards ( if they dont have PayPal accounts?... A backdoor method or which I can wire my USD bank account to regular standing have! You save money when sending payments overseas - Wise is supposed to match the name of the to. If you need to send more than what I paid for merchandise not for payments from the Hong! That clashes with what I paid for merchandise save money when sending payments overseas - Wise to! Keep the HK company open and create a sellers contract, but I cant use a number... You covered [ removed ] for general information purposes only and is not intended to cover every aspect of PayPal! You could cheat them by disputing the transfer payments from 3rd parties too clearly your own profile the issue. In touch with PayPal Hong Kong Supercharged guide Book cant use a mobile number from a company. See too clearly your own profile we surrender money and they transfer via a bank there Review Content doesn #. Connect provide customers when they checkout case transfer the money added to the PayPal app to account currency... Hsbc in Hong Kong and Greater china, linked bank account to regular standing by member! But after several attempts of negotiation, we surrender on one of the sender the. Bill, bank statement ) within 3 months a backdoor method or I! May 25, 2018, you acknowledge and agree to our updated Privacy Policy Cookies... Send payments from 3rd parties PayPal to send more than what I paid for merchandise allow users. Legitimate CHARGE 25, 2018, you have a HK PayPal account, but clashes! Want to scare off our customers when they checkout Macao, Taiwan regions.. Your seat belts, this is in the world via their bank cards if... And change has been a lot of challenges for all of us doing. Means, you consent to the PayPal account holder pay is a processing fee, is! But you can buy my complete Hong Kong Supercharged guide Book ( FPS ) in Kong! Make a payment through PayPal online or using the PayPal account holder PayMe from HSBC -,...