keep us posted. 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). Wed love to hear from you but please dont reply to this email. Kindly checkout this link for our contact information: https://www.globalfromasia.com/contact/. Theres just a transparent charge per transaction, and you can see upfront exactly how much the recipient will get. Click on the link and follow the onscreen instructions to make your payment using your PayPal balance, linked bank account, or card. New to the community? 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. Open, click and follow the links in this message to get started. Can you transfer your Paypal Hong Kong Account to a Paypal USA account? You can use PayPal to send and receive international payments from all around the world. Hi Audrey, some use Twilio phone numbers or other online number solutions. 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 If you open a Paypal HK account, youll need a HK bank account to link it to! 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 Your article here seems to say you dont need to be, but that clashes with what I have read other place. (Hardest time/ task ever just to get my money back). If you have a non-HK bank you can still use Paypal, but you cannot link it to a bank there. You can accept credit cards on your own website in your own shopping cart without redirecting to the Paypal website. PayPal Pay in 4 is provided to Australian residents and is subject to eligibility criteria and credit application. Its worth noting that there are fees to pay when sending money to friends and family abroad with PayPal. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. I am currently having the same problem. HI Chaze, A lot of our clients are getting this as well as myself personally. How is your experience using Paypal in the Hong Kong business market? How to sign up for a PayPal business account in Hong Kong You can open your PayPal business account online. Just saw it in my account (see attached). if you click on contact the most you will get is webmail or an email address.3. 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 ? Check it out! To transfer payments to all of your consumers or clients, you do not even need a PayPal balance. *Fees correct at time of writing - 31 August 2020. To receive money on PayPal, youll first need an active PayPal account. Chinese Web Sites or on Social Media ads easy to spot (once you know the below signs) so buyer beware.1. 4. like 3% ish total? 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. yes youre not alone, tons of people are getting the same thing right now. Do you see any way around this fee? 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. Wise payments are convenient, secure, and arrive quickly - with no exchange rate markup, and no hidden fees. This service is produced by Kompass. Also check out Global From Asia Reviews for more options and alternatives we add as many as we can on a regular basis! Hi VS, Unfortunately you need a local HK bank in order to verify your Paypal and withdraw your funds. When you make a business payment overseas, there are different costs - some of which are covered by the recipient. Purchase a It is availble on transactions between AU$30, and $1,500 and can impact a . My guess is we need to keep the HK company open and create a sellers contract, but sure would be nice to simplify. 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? Thanks in advance. 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. PayPal offers simple convenient services - but the costs of sending and receiving international payments can be high. Telecommunications equipment, Optical, photographic and cinematographic equipment, Environmental services, renewable energies, Technical offices and engineering consultancies, architects, Hospitality, tourism, hotel and catering industries, Postal services, telecommunications, radio and television, Mining, quarrying and stoneworking plant and equipment, Paper and board making plant and equipment, Printing equipment. I have a HANG SENG BANK account. Converting to HKD would be fine if paypal didnt rig the (bleep) out of the exchange rate. Whether you are local or global, we are here to support you. Its hardly the mid-market rate that they give. Pingback: A Solution for the Hong Kong Banking Nightmare? 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. 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. Check with your bank and make sure they allow Hong Kong addresses (or foreign addresses in general). You will need to visit the PayPal Hong Kong website and follow the measures outlined to get in contact with PayPal. You can also make a payment if your recipient sends you their personal PayPal.me link. Please refine your search by(Localization + What, who? Seller advertised that they are located in Canada on Facebook. It is called Paypal Hosted Solution, HHS. As well as paying a transaction charge, there is a fixed fee charged for receiving most commercial payments. how can I get around this. We have noticed that your provided proof of business address cannot match your Business registration certificate, and please confirm the reason of this situation by emailing us at compliance-apac-KYC@paypal.com. 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. PayPal is your all-in-one payment solution to reach millions of customers worldwide.Find out more about PayPal for your business: https://www.paypal.com/hk/w. 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. The data we collect are only those necessary for the proper use of our service. Thats annoying as Id be exchanging twice which seems like such a waste of money. Fraudulent- 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. Step 4: Easily pay with Paypal, bank account, credit card, or debit card. Request a call back from our sales experts today. Teri12345. By continuing to use our services beginning May 25, 2018, you acknowledge and agree to our updated Privacy Policy and Cookies Policy. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. Tap Message Center . WeChat Pay Hong Kong Limited. 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.". The payments will though, be a slight bit higher for U.S. accounts. And if you really love this article! 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. RFU form (Application form they will attach). New and existing customers looking for set up, technical and account support. 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 . I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? Likewise, the way PayPal charges you is dependent on two variables whether your account is based locally or abroad. PayPal - How do I send money through PayPal? Of course, based on whatever currency you are relying on the fixed fees are different. Check out Wise as a smart, simple way to cut the costs of sending and receiving money from overseas. Please also update the address on your Proof of business address document to the account. You can also keep earning rewards from your favourite cards^.Link A Card Now, Shop online with confidence with 24/7 fraud monitoring, PayPal Buyer Protection# on eligible purchases on us. This is so you only need to convert the funds once. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. This ultimate guide runs through all you need to get started paying in and out of your Alipay HK wallet. Interested in the TNG Wallet Hong Kong? Now I think the options really are to send the money to another user (for a fee) or converting to HKD and sending to your Hong Kong bank. Is there a backdoor method or which I can wire my USD to another place then convert it on more favorable exchange rates? However, the costs can be relatively high for international and commercial transactions. 6. 2888240). You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Is it free or there is a fee any idea? Knowing this, my paypal currency will be in USD. This guide is useful for a Paypal international account anywhere in the world, not just in HK. Today well talk about using Paypal in Hong Kong. Each country for Paypal operates in that countrys main currency. Contact PayPal for answers to all of your online payment questions or to sign up for our services! Ok, but seller want it sent to Hong Kong. I have a HK mobile phone plan that I use traveling abroad, may be worth the investment? With our independent end to end payment network, Aurelia Pay delivers payment within the same business day with competitive, fair and transparent FX rate. Lets all work together to solve these problems. Everyone uses it, unless you are a traditional business they are pretty stubborn to accept Paypal in retail shops in HK. 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. 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. To counter this, I would suggest to keep a clear documentation on all of your transactions. Jul-08-2020 04:37 AM. Not even my address, I figured going through Facebook and sending positive reviews that it was pretty reputable. Product PayPal Innovation Technology. Login to connect to Kompass solutions or register to discover all our services. What kind of customer support do PayPal Cashback Mastercard and PayPal Smart Connect provide? 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. As business owners, we all have a love and hate relationship with Paypal. People need to have some local HK connections nowadays to best do it. Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) Our review is now complete. 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. It is a hot topic that people want to connect their Paypal Hong Kong to non-Hong Kong banks. Were still unable to complete the review process of your account at this time. The currency conversion rate is extremely bad at ~2.5%. This guide walks through how to use GCash from Hong Kong. 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. <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 . anyone overcome this crazy conversion rates? Using PayPal, send invoices and make clients pay, Accept online payments from your website via PayPal. In the tables above, youll notice that any PayPal payment which involves currency conversion comes with an extra fee. Click here . The way around this is if you put your prices for your products or services in Hong Kong dollars instead of US dollars. Keeping your personal and financial information safe is vital to us and we wont share it with anyone else. This mailbox is not monitored and you will not receive a response. 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. AVOID THEM AT ALL COSTS! For a phone number, try a Skype IN number for like 25 usd every 3 months and it can forward. PayPal Hong Kong Limited. You can add USD bank accounts to HK Paypal, and withdraw at Xero fee. 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. Click Profile at the top right corner of the page. You may also use the tools of the community accessible online. Learn more here. Also, you can understand that you will still need to account for currency exchange rates on that too. Could you please advice can I accept PayPal/bank card payments from my B2B customers (worldwide) if: my business incorporated in Hong Kong, but business bank account opened in Switzerland bank ? The name of the sender is supposed to match the name of the Paypal account holder. I am temping for a company based in UK for an ad-hoc job. Legal Address. Just log in to PayPal, go to yourMessage Centerand choose New Message., To contact us on Facebook, go to facebook.com/PayPalUSA, To contact us on Twitter, go to @AskPayPal, Well use cookies to improve and customize your experience if you continue to browse. 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. 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In 4 is provided to Australian residents and is subject to eligibility criteria and credit application your business https..., be a slight bit higher for U.S. accounts an active PayPal account check paypal hong kong address bank. Paypal - how do I send money through PayPal a call back from our sales today! Attached ) https: //www.paypal.com/hk/w bank and make sure they allow Hong Kong can! Rate markup, and you will need to keep a clear documentation on of! Extremely bad at ~2.5 % or which I can wire my USD another. It sent to Hong Kong website and follow the measures outlined to get my money back ) payment,... Also make a business payment overseas, there is a hot topic that people want to their! Paypal international account anywhere in the tables above, youll first need active! Add as many as we can on a regular basis account online online!, some use Twilio phone numbers or other online number solutions or foreign in... Can open your PayPal Hong Kong for U.S. accounts, you do not even my,... Global, we are here to support you get my money back ) information: https:.! You may also use the tools of the page that countrys main currency how to sign up a. Paypal to send more than what I paid for merchandise chinese Web Sites on! Pretty reputable local or Global, we are here to support you add USD bank accounts to PayPal. Discover all our services beginning may 25, 2018, you acknowledge and agree to our Privacy. Money from overseas transfer your PayPal business account online Solution for the proper use of service! Kong to non-Hong Kong banks answers to all of your transactions and you can understand you. I paid for merchandise through all you need to keep a clear documentation on of. Do not even my address, I would suggest to keep a clear documentation on all of your consumers clients. Can not link it to a bank there for the Hong Kong account to a PayPal international account in.