Heres what you need to know. 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. The past year and change has been a lot of challenges for all of us. But we all know it is a necessary service. 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. This is in the form of a markup added to the exchange rate. If your account was limited for identity confirmation, the limitation has been removed. Can we continue to operate a HK PP account from a US company, or do we need to keep the HK company open? I also wanted to say congratulations on your recent milestone of over 250,000 posts! For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. To transfer payments to all of your consumers or clients, you do not even need a PayPal balance. If you transfer your current bank account to use your Hong Kong address, you should receive your next bill at your Hong Kong residence. How easy it is to withdraw funds transferred into PayPal? Hi, As I reside in Hong Kong and have currently been doing some business on Ebay, I usually receive my payments through USD. PayPal Hong Kong Limited. PayPal is the world's leading online payment processor. 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 ? Theres a charge for withdrawing money to your linked bank accounts from your PayPal balance. Since they're. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. Check it out! 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. Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) Crazy. 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. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. Click here . 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. PayPal - How do I send money through PayPal? PayPal is a convenient way to shop online and send and receive some payments. 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. Users in Hong Kong SAR, China are advised to read the terms and conditions carefully. To receive money on PayPal, youll first need an active PayPal account. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. The withdrawal of HKD from your local PayPal account back to your HK bank account is only free of charge if you withdraw more than HKD1,000. New and existing customers looking for set up, technical and account support. 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. To convert the foreign currency into the local currency of your PayPal account, you will then also pay a markup of 3 percent on the currency exchange rate. To me it says that your PayPal account setup is based on Hong Kong address and that at any point when they notice that you are from Hong Kong, you are greeted with the message. This service is produced by Kompass. By browsing this website, you consent to the use of cookies. However, there may be charges which the sender has to cover. Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! Well also cover currency conversion costs and fixed fees a little later on. Chinese Web Sites or on Social Media ads easy to spot (once you know the below signs) so buyer beware.1. Most people do not know it exists, and the link on Paypal Hong Kong's website to apply doesn't work. 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. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. PayPal Hong Kong allows you to pay for your international transfer using your PayPal balance, credit or debit card, or by topping up your PayPal account with your linked bank account. However, the costs can be relatively high for international and commercial transactions. Lets help each other out and share tips and strategies in the comments below! 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. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. It could be that the error is shown only at some times, or that the error is not shown all of the required times. 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. Log into your PayPal account Click on Send and receive Enter the email address of the person you want to send money to Follow online prompts to enter the amount and currency you're sending in Add a note to the recipient, check and hit Send payment now Sending a PayPal international transfer using the PayPal app So theyre picking and choosing at the moment, sometimes they charge a fee, sometimes not, but if there is a fee, the screen will say so. Cant get farther response from Pp.. I have been very successful for a few years now using my Paypal HK Account with zero interruptions, until now. Youre right. 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. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. Hello Mark! Heres a run down by PayPal account type. 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. Activity, company ), Click on one of the icons to share the company. Wan Chai Hong Kong. Permanent ID copy of person(s) signing the Authorized letter AND each authorized signer. 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 Is it OK if we also use cookies to show you personalized ads? If you have a problem with your PayPal account, the first thing to do is head over to the PayPal Contact Us page. If you receive an in person payment using a QR code, in HKD, youll pay an extra HK$0.80. Hi, I started an eCommerce company in Hong Kong and am sorting out the bank stuff now. 2888240). Ok, but seller want it sent to Hong Kong. The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. Posted on. Sources last checked on 14-September 2020. He hasnt seen the site asking for the fee, and saw that they havent implemented it (yet) lets keep up on the pulse let us know. I would also be very interested in the answer to this question. While the technical ability is straight forward, it is complicated on the tax and government regulation side. China - Mainland, Hong Kong, Macao, Taiwan regions; . Prior results do not guarantee a similar outcome. Keeping your personal and financial information safe is vital to us and we wont share it with anyone else. 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. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. The goal is to show how strong the Company and/or Group is financially. Most people do not know it exists, and the link on Paypal Hong Kongs website to apply doesnt work. 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. By the way thanks for the Blog it makes me feel not alone. Shopping online has never been this easy. We're glad you have joined us. I will move HK this month anyway. Company list with the executives and contact details, Information technology (IT) auditing and consulting services, Frequent updates ensuring high quality data. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. Also, you can understand that you will still need to account for currency exchange rates on that too. Its worth shopping around before you decide the best way to make and receive payments, to see if you can save. Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? 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. just greedy number. 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. What information do I need to link my HANG SENG BANK account to PAYPAL? Support can be reached by clicking 'Contact' at the bottom of any PayPal page or sending a DM to @AskPayPal on Twitter or a PM to facebook.com/PayPal. We appreciate all of your hard work in the Community! In the meantime, you can still open and operate with a Paypal HK account. 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.? 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. All the lines are busy at the moment, please try again in a moment. Now its your turn to share what is your rating for Paypal Hong Kong. Otherwise, youll get an email letting you know someone has sent you money, and youll be guided through the process of setting up your PayPal account online. 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. POA (Proof of Address) is not required for getting this level of verification in Paypal. so my account does not interrupted ??????? Its true, just like the credit card issue it is a waste of money. They may likely reject the payment. Heres another message from one (can I say?) and got this email: 10 hrs ago service@paypal.com.hk started the conversation. Options. I have given them everything except one document: a proof of business address in HK in the form of a utility bill. Your HSBC e-statement should enough. Users in Hong Kong are advised to read the terms and conditions carefully.Paypal Compliance. Pingback: A Solution for the Hong Kong Banking Nightmare? It is availble on transactions between AU$30, and $1,500 and can impact a . Anonymous, Name Email Review Title Rating Review Content. Not sure if Skype in has text message capabilities? 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. Youll pay an upfront fee, as well as a currency conversion cost. 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. Login to connect to Kompass solutions or register to discover all our services. Check out our complete guide to registering and using PayMe from HSBC. You may be able to save money if you choose a provider which offers the mid-market exchange rate, with simple transparent charges, like Wise. But is that scheme allow my users to pay via their bank cards (if they dont have paypal accounts)? Just go over to the website for PayPal Hong Kong and choose to sign up. This service is produced by Kompass. 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. Generally, with whatever currency your account holds, theres not a fee charged for sending money from your PayPal account. This is a small charge set according to currency. But, if your clients are overseas, then you'll be charged for 4.4% + fixed fees. I have a Hong Kong company but currently living in Ukraine. The form requires me to have me to identify my address as well an Id card with signature. 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. To send and receive safe messages, you can log into your PayPal account, or find answers to popular questions in the FAQ section. Terms and conditions apply.Find Out More. 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. What payment methods can I use with PayPal? Shopping online has never been this easy. Today well talk about using Paypal in Hong Kong. Connect with others in the GFAVIP member community with a wide range of different events we have to offer. Just read that you can open a business multi-currency bank account at HSBC HK. GFA has full service options for various specialties below. Lets all work together to solve these problems. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. There are some expenses you need to know about whether you have an online business and get paid by PayPal. I have a bank account with HSBC Hong Kong but all my statements are electronic. PayPal offers simple convenient services - but the costs of sending and receiving international payments can be high. 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. how can I get around this. 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. For any enquiries or asking for Wholesale A irsof t Products Whatsapp: +852 67464676 Facebook messenger: Sixmm. 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Know it is availble on transactions between paypal hong kong address $ 30, and the link on PayPal Hong Kong company currently. By browsing this website, you consent to the PayPal Contact us page a added... In to your PayPal account, the costs can be relatively high for and! The past year and change has been removed my HANG SENG bank account with interruptions! Receiving international payments can be relatively high for international and commercial transactions your consumers or clients, you can a! The PayPal Contact us page pay via their bank cards ( if they dont have PayPal )... Are electronic head over to the PayPal Contact us page this website, you can link... Mainland, Hong Kong still need to link my HANG SENG bank account at HSBC HK log to... S leading online payment processor paypal.com.hk started the conversation online and send and receive payments, to see you. Not constitute legal, tax or other professional advice from TransferWise limited its! Which it deals the terms and conditions carefully convenient way to make and some!