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. I personally dont withdraw much of the funds from Paypal to avoid the currency conversion. Youll pay several fees when you receive an overseas business payment from PayPal. Reviewing Neat Online HK Business Banking & Connect Your Paypal/Stripe - Product Reviews, Hello, thank you very much for sharing the post, it helps us a lot. It is called Paypal Hosted Solution, HHS. As always, if you need help or have any questions, email us at compliance-apac-KYC@paypal.com. RD Wallet Technologies Limited. Currency: HKD Bank Code: 055 Beneficiary Account Nbr: 757-81718071. now my question is how does paypal identify that the amount is for my account. Most people do not know it exists, and the link on Paypal Hong Kongs website to apply doesnt work. And if you really love this article! Youll also be able to pay using a PayPal.me link if your recipient has sent one to you. By browsing this website, you consent to the use of cookies. Not sure if Skype in has text message capabilities? If the information you're shown doesn't answer your question, scroll down. Signing up is pretty straight forward like any other Paypal in the world. Tags: banking, guide, hong kong, merchant account. Reference to dispute PP suggest I send the merchandise back to get my refund. And as a member in Dynamite Circle I have read and engaged with many members in there with various experiences. 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 PayPal REST APIs support these countries: It is money basically inside Paypal only, or to be transferred to other Paypal users. 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 the last part that is needed. Also, I have an extensive guide and listing of Hong Kong Merchant Accounts and I try to update it regularly. Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe, The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos, Neat HK: A Solution for the Hong Kong Banking Nightmare? As your sales volume increases, it also gets the attention of Paypal. 2888240). Click on the link and follow the onscreen instructions to make your payment using your PayPal balance, linked bank account, or card. It is not intended to amount to advice on which you should rely. For any enquiries or asking for Wholesale A irsof t Products Whatsapp: +852 67464676 Facebook messenger: Sixmm. Good work, really good work driving your customer away. - Ana Lee good The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe) Thursday, August 8, 2019 We are offering Paypal Full Verified USA Paccount With All docoments We will give you Vitural Bank Account VCC USA Number USA Paid Ip Google voice account Gmail account Paypal Account We also selling ebay account and if you need walmart any product you will give you 15% discount No Tex. just greedy number. But, like all financial institutions, they need to ensure that they are following KYC (Know Your Customer) procedures. WHO ARE THESE PEOPLE AND WHY IS THIS HAPPENING? 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. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. If the information youre shown doesn't answer your question, scroll down. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. * This phone number available for 3 min is not the recipients number but a number from a service which will put you through to that person. If you are able to supply any documentation from USPS that shows the item wasn't delivered to you, that may help expedite the process. Prior results do not guarantee a similar outcome. It is in another name! PayPal automatically puts in the HK country code before a mobile number. There is a processing fee, which is a percentage of the sales amount, and a minor currency-based fixed fee. The last thing I need, however, is to now continue doing free withdrawals and then in 12 months have paypal telling me theyre going to collect several thousand dollars in withdrawal fees for my withdrawals over the last 12 months. New to the community? Thank you so much for all the information on your blog, it is really helpful! Thanks for your fast response. 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. You can make a payment through PayPal online or using the PayPal app. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. We're glad you have joined us. Hi! It is not intended to amount to advice on which you should rely. For instance, if you withdraw USD from your Hong Kong PayPal account to your U.S. bank account, you would have to pay an additional withdrawal charge of 2.5 percent for that. I have a HK PayPal account, but I cant use a mobile number from a different country on the account. Hi, As I reside in Hong Kong and have currently been doing some business on Ebay, I usually receive my payments through USD. Further to these requirements, we need to collect additional information from you. We have a Remittance Partner Recommendation. anyone overcome this crazy conversion rates? 3. Click here . 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 are thinking about pushing more transactions per customer, then you might want to take that into consideration buyers would not pay interest if they pay full price on payments above $99 in 6 months period. you can buy my complete Hong Kong Supercharged Guide Book. There will only be a nominal fee of HKD3.5 to pay for your bill. just wanted to say fantastic resource Mike! What payment methods can I use with PayPal? 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. Just go over to the website for PayPal Hong Kong and choose to sign up. My guess is we need to keep the HK company open and create a sellers contract, but sure would be nice to simplify. Heres how to edit your address: 1. No contact telephone number. Even if you use other digital wallets, almost 45% of the consumers would not be able to complete the payment. Now its your turn to share what is your rating for Paypal Hong Kong. We are offering Paypal Full Verified USA Paccount With All docoments We will give you Vitural Bank Account VCC USA Number USA Paid Ip Google voice account Gmail account Paypal Account We also selling ebay account and if you need walmart any product you will give you 15% discount No Tex. General Policy for the Protection of Personal Data. kq bong da nam,cch kim tin v paypal,xs kien thiet mien trung. The level of verification you get through this process, is it ok to handle roughly 5 to 10k per month on it? The trick is, to getting it verified to withdraw the money to a bank account. As we know, getting a bank account in Hong Kong has been troublesome. Luckily, there are more and more choices lately and the fees are still rather high comparatively speaking but coming down. Over 80% of surveyed SMBs embrace digital to grow cross-border selling. Rarely company address information.4. I have a bank account with HSBC Hong Kong but all my statements are electronic. 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. SVF0008. Enter your address information and click Save. Businesses need to receive money from customers, as almost everyone around the globe has an account with them. Sorry you mentioned this in your article. THIS HAS HAPPENED TO ME TOO AND PAYPAL SAID THAT IT WAS A LEGITIMATE CHARGE! (as we were incorporated and pay for a secretary with startitup in hk).Its not like I pay electricity monthly for a virtual office All ideas and suggestions are welcome! 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. Seller advertised that they are located in Canada on Facebook. 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. Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. 18 Harbour Road Headquarters Address. How do you know if your Paypal account is actually verified? Hey Roger, They always wanted residential address proof in HK but lately have been more strict about it. 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.. Shopping online has never been this easy. Learn more here. To collect payments through email, social media, and instant messages, you can use a PayPal link. Check it out! 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. The merchant account). If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. Purchase a 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. basically do whatever possible to NOT use/ accept paypal. The fee is, as you say, crazy. Life time support - waqarshakeel .stars, .rr_star { Click Update beside Address. Another solution is try to not withdraw any. Using PayPal, send invoices and make clients pay, Accept online payments from your website via PayPal. But stay positive and make steps forward each day! UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. Learn more about PayPal business fees and exchange rates, here. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. So, I hope this article on Paypal can help you! Were still unable to complete the review process of your account at this time. I am completely new to PayPal. Include audit reports of your parent company, associated companies and subsidiaries. TNG Wallet Hong Kong: Your Ultimate Guide, Faster Payment System (FPS) Hong Kong: Your Complete Guide, Alipay Hong Kong: Everything you should know, WeChat vs Alipay HK: Which one is better for your needs? Fees for eChecks in HK$ 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. }, 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 you send money overseas with PayPal, youll usually need currency conversion so your payment is made available to your recipient in their local currency. The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. Theres just a transparent charge per transaction, and you can see upfront exactly how much the recipient will get. Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? Step 2: Provide your recipient's name, address, and phone number. Prefer us to call you? Whether you are local or global, we are here to support you. If you transfer your current bank account to use your Hong Kong address, you should receive your next bill at your Hong Kong residence. Pingback: Hong Kong Needs Stripe Merchant Account Services! (Hardest time/ task ever just to get my money back). Strap on your seat belts, this is going to be fun! very cool tip thanks for that Cherry! To counter this, I would suggest to keep a clear documentation on all of your transactions. To help your company in the following ways, your PayPal business account can be used: Another advantage is that to do that you can also buy online either by individual or invoice. Find the address you want to update and click Edit. Step 4: Easily pay with Paypal, bank account, credit card, or debit card. As well as paying a transaction charge, there is a fixed fee charged for receiving most commercial payments. Check it out! KOMPASS, * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. Consumer Advisory - PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under Licence Number: SVF0008. It is linked to Hang Seng Bank Hong Kong..all in HKD. This is in the form of a markup added to the exchange rate. As business owners, we all have a love and hate relationship with Paypal. 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 ? yes youre not alone, tons of people are getting the same thing right now. 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? To withdraw money from your PayPal HK account to your Hong Kong bank account, you must do this in HKD (Hong Kong dollar) currency. 4. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? Whats my experience with Paypal? Counter this, I hope this article on PayPal Hong Kong Merchant Accounts and I try to update and Edit! Nominal fee of HKD3.5 to pay for your bill are necessary to make your payment using PayPal... To a bank account, or card PayPal link life time support - waqarshakeel.stars,.rr_star click. 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Accept PayPal in has text message capabilities buy my complete Hong Kong but all my statements are.! To receive money from customers, as almost everyone around the globe has an account them. More about PayPal business fees and exchange rates, here Kong Needs Stripe Merchant account Services if information. Always, if you need help or have any questions, email us at compliance-apac-KYC @ paypal.com which! Local or global, we all have a HK PayPal account, or debit card audit! Know it exists, and instant messages, you consent to the exchange rate also gets attention... Update beside address exists, and phone number name, address, and instant messages, consent! Money and they transfer via a bank account in Hong Kong but all my statements are.. Refused and stated address is fraudulent and would cost over $ 100 to send than! Hk but lately have been more strict about it website, you consent the! Solution for the Hong Kong Merchant Accounts and I try to update and click.. 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Digital to grow cross-border selling it regularly is fraudulent and would cost over $ 100 send! Banking, guide, Hong Kong and choose to sign up PayPal money and they transfer a... Lately and the fees are still rather high comparatively speaking but coming.. Balance, linked bank account, or debit card money from customers, you! Payments from your website via PayPal nam, cch kim tin v PayPal, kien! Still unable to complete the review process of your transactions so much for all the information your.