Today well talk about using Paypal in Hong Kong. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. Interested in the TNG Wallet Hong Kong? Seller advertised that they are located in Canada on Facebook. Users in Hong Kong are advised to read the terms and conditions carefully.Paypal Compliance. The main issue is proof of address and phone numbers. 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. The fee is, as you say, crazy. Youll pay an upfront fee, as well as a currency conversion cost. Can anyone help me identify who these people are and why they are trying to take money from me monthly? By continuing to use our services beginning May 25, 2018, you acknowledge and agree to our updated Privacy Policy and Cookies Policy. Fraudulent Payment to AJCLOUD HONGKONG CO, LIMITED. I will look into Twilio though as it wasnt the one I was looking at. Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . kq bong da nam,We are a leading research university driving discoveries to address global challenges, educating the next generation of leaders and partnering with communities to create healthier, more sustainable futures for Michigan and the world. Your HSBC e-statement should enough. hi Simon, Yes, HK banks have multi-currency which is great the issue is Paypal FORCES you to withdraw to a HK bank in HKD so you need to convert it even if the HK bank is multi-currency. Youll pay several fees when you receive an overseas business payment from PayPal. Learn more here. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. HI Chaze, A lot of our clients are getting this as well as myself personally. Does anyone have any good solutions? 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. * 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. For Hong Kong-based customers, you will eventually need to pay an amount of 3.9% + $2.35 HKD per transaction. Our review is now complete. As business owners, we all have a love and hate relationship with Paypal. Life time support, The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe), The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe), latest podcasts on Paypal and other merchant accounts on the site here, Using HK for your Affiliate Marketing Business, https://www.globalfromasia.com/cross-border-payments/. I hope everyone has a wonderful weekend! Having a contact inside Paypal is very helpful as many people are always so nervous if their account gets locked or frozen and dont know what phone number to call for Paypal customer service! To put it simply, there are only two ways on how PayPal charges you for receiving money - either by selling to local HK customers; or overseas customers. Hi! So you could accept payments from your website in any of these currencies, transfer to your HK bank account and then send to your US or where ever you are account no exchanging. If youre concerned about opening up a business account here in Hong Kong, it could be on the top of your to-do list to get the processing work sorted by getting a PayPal account ready for your customers. Discover it now, Receiving a domestic personal payment, funded by PayPal balance or linked bank account, No fee if paid out in HK$ - 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. If you have a problem with your PayPal account, the first thing to do is head over to the PayPal Contact Us page. Chinese Web Sites or on Social Media ads easy to spot (once you know the below signs) so buyer beware.1. 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. 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. I am currently having the same problem. 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. So hope you feel I am qualified to share with you today the experiences as a seller using Paypal from a Hong Kong company. The paypal account has been linked successfully with two small payments from paypal identified. Im not a resident there though. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. From setup, to banking, credit cards, merchant accounts, cash flow, upkeep, operations, and more! This mailbox is not monitored and you will not receive a response. This is in the form of a markup added to the exchange rate. Theres also a markup on the exchange rate used. (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! The PayPal REST APIs support these countries: 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? <img src="https://t.paypal.com/ts?nojs=1&pgrp=main%3Ahelp%3Asmart%3A%3Acontact-us&page=main%3Ahelp%3Asmart%3A%3Acontact-us%3A%3A%3A&pgst=1677681323533&calc . Also, I have an extensive guide and listing of Hong Kong Merchant Accounts and I try to update it regularly. 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? .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. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. Which, may or may not be cool depending on where your customers. 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. PayPal Pay in 4 is provided to Australian residents and is subject to eligibility criteria and credit application. @Fred20051 and @Beccadsmokes, welcome to the Community! Their reply was that if my screen doesnt quote a fee, rest assured this withdrawal will have no fee at any point. Address: Office room 77, 7/F, Woon Lee Commercial Building, 7-9 Austin Ave, Tsim Sha Tsui, Kowloon, Hong Kong, Email: legal@vitaliberta.com Office Tel: +85268416177 Skype: ygrtima, All Rights Reserved by Vita Liberta Limited (Hong Kong company No. 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. Activity, company ), Click on one of the icons to share the company. 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. In as much as we would want to say, yes we found a solution, well, we didnt. Fraudulent- Hong Kong. So, I hope this article on Paypal can help you! 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. 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. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. And in Hong Kong its not much different. Only thing I can think of is to send the USD to a non-HK paypal account and withdraw it from there. Can you transfer your Paypal Hong Kong Account to a Paypal USA account? Check the costs compared to a specialist alternative like Wise, to make sure youre getting the best deal available for your international transfer. 1999-2023 PayPal, Inc. All rights reserved. Theres a charge for withdrawing money to your linked bank accounts from your PayPal balance. my pleasure! Well, greedy actually. 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. To deal with oversea customers, Paypal charge as high as 4.4% down to 3.4% plus a fixed fee based on the currency received. If you dont see what youre looking for, you can then send a secure message online to the PayPal team using the message template on the PayPal website. PayPal isnt the only way to make and receive digital payments. Latest audit report(s). Your last solution is a possibility if nothing else works. As always, if you need help or have any questions, email us at compliance-apac-KYC@paypal.com. Apr-18-2022 12:11 AM. 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. Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! Learn more here. Yet, the Hong Kong business owner was in mind when I wrote this. Welcome! keep us posted. Also, you can understand that you will still need to account for currency exchange rates on that too. That constitutes proof of address and will work for almost every case. I would also be very interested in the answer to this question. Aurelia Pay is a leading cross border payment service in South East Asia, Hong Kong and Greater China. Cambodia doesn't operate pay pal. Shopping online has never been this easy. The last thing I need, however, is to now continue doing free withdrawals and then in 12 months have paypal telling me theyre going to collect several thousand dollars in withdrawal fees for my withdrawals over the last 12 months. Its painful I know.. Representative-Hong Kong/ Worldwide Areas. Choose the issue that most closely matches your reason for contacting us. '', Click on the profile tab (icon next to log out) > Click on payments third option along on the thick blue band top of page > "manage pre-approved payments.''. Fees for eChecks in HK$ 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. Sources last checked on 11-September 2020. It is money basically inside Paypal only, or to be transferred to other Paypal users. Were still unable to complete the review process of your account at this time. 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 The tough part is the currency conversion on withdrawing your cash. Is it free or there is a fee any idea? You may contact a Business Consultant in Paypal HK. Is it possible to do that with a Hong Kong PayPal account? how can I get around this. 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. You can receive money through PayPal in a variety of different ways. 4. Reviewing Neat Online HK Business Banking & Connect Your Paypal/Stripe - Product Reviews, A signed authorization letter to handle the PayPal Business Account (Paypal Sales Rep will attach it). 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. Product PayPal Innovation Technology. However, there may be charges which the sender has to cover. New to the community? 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. This started happening this year and is probably some kind of updates in regulation and anti-money laundering. force you to pay out in HKD and then convert back to USD or NZD etc. Most of us are doing international business and we dont want to scare off our customers when they checkout. Wan Chai Hong Kong. Youre right. Learn more about PayPal business fees and exchange rates, here. I have a Hong Kong company but currently living in Ukraine. Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM*. Teri12345. 04/11/2016. Just saw it in my account (see attached). I need help with money transfer from my paypal or verification if possible. Is this your business? 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 ? 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. Check out AureliaPay now! Is it OK if we also use cookies to show you personalized ads? 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. Shop Now Pay with your preferred card Link all your cards and choose which one to use at checkout. 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. View all Cash Pick-up locations You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Why this number ? AVOID THEM AT ALL COSTS! Contact PayPal for answers to all of your online payment questions or to sign up for our services! Ill probably send to another user to get around the 2.5% fee. Hello Michael, can i connect paypal hong kong account to Hang Seng Bank? 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. 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. Taking money out is a rather tricky part. To withdraw money from your PayPal HK account to your Hong Kong bank account, you must do this in HKD (Hong Kong dollar) currency. Subject: Your identity confirmation is now complete. And if you really love this article! This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. I believe this is only for payments coming from YOU not for payments from 3rd parties. For general country-specific offerings and limitations, see PayPal Offerings Worldwide and visit your country-specific site. Thank you so much for all the information on your blog, it is really helpful! I am completely new to PayPal. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Users in Hong Kong SAR, China are advised to read the terms and conditions carefully. Using PayPal, send invoices and make clients pay, Accept online payments from your website via PayPal. You will need to visit the PayPal Hong Kong website and follow the measures outlined to get in contact with PayPal. 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