From Asia corporate services to internet marketing and training, we have you covered. 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. It is a hot topic that people want to connect their Paypal Hong Kong to non-Hong Kong banks. It is called Paypal Hosted Solution, HHS. It's been one of the most popular online payment services for years, which is why it's such a popular target for phishing scams. Financial regulations around the globe are getting harder not easier. Around 200 million people have a PayPal account. 2. SVF0008. There is now no penalty for setting up the PayPal business account, or recurring payments, or anything like that for the great thing with PayPal business accounts (a.k.a. View all Cash Pick-up locations Google and you can often see previous company names as they change them once enough claims roll in and Paypal stop them using their services and start over.7. 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. I use Transferwise to get US dollars out of PayPal and exchanged to Candian dollars. Just go over to the website for PayPal Hong Kong and choose to sign up. The details, per the email: "CSP-Basic Storage 7 days and . Can you transfer your Paypal Hong Kong Account to a Paypal USA account? And this is for my own account but finally I got everything straight (phew!) 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? 2211 North First Street San Jose US-CA US 95131. . and got this email: 10 hrs ago service@paypal.com.hk started the conversation. 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. Just read that you can open a business multi-currency bank account at HSBC HK. Hey Roger, They always wanted residential address proof in HK but lately have been more strict about it. To get started, open, click, and follow the links in that same message. Wed love to hear from you but please dont reply to this email. App similar to findmyiphone but for Androids. 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 ? Dec-07-2022 07:31 PM. 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? Please help us finish this process by completing the following steps. Well, greedy actually. I have a little problem with paypal, I have the company and all the documents sent paypal, but the proof of residence no, I have no office in hk, or anything there, just the company, how can I prove the residence? Welcome! Our review is complete and we have returned your account to regular standing. @Fred20051 and @Beccadsmokes, welcome to the Community! PayPal will carry out currency exchange for you - but youll need to pay a 4% Currency Conversion Fee on top of any other charges levied. Say that your payment is based on USD, so that would be a USD 0.30 fee. 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. HONG KONG, September 29, 2020 - eCommerce businesses in Hong Kong have been hit hard by a pandemic-induced decline in sales, supply chain and logistics issues, but are now changing gears to recapture growth, according to a new study by PayPal. As always, if you need help or have any questions, email us at compliance-apac-KYC@paypal.com. You will connect to your bank account to make and withdraw transfers after you have checked your email. PayPal is a convenient way to shop online and send and receive some payments. Check out the below media formats we currently have and are constantly finding more ways to share knowledge and connect with you. There are some expenses you need to know about whether you have an online business and get paid by PayPal. 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. 18 Harbour Road We're glad you have joined us. From setup, to banking, credit cards, merchant accounts, cash flow, upkeep, operations, and more! The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. 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. Discussing with a Paypal Hong Kong representative (tried to get her on the podcast many times, but their PR is a bit strict) and she said that Paypal will ask for more verification of the business as the sales grow. The League of . I have a HK mobile phone plan that I use traveling abroad, may be worth the investment? *Your call may be answered by a member of the PayPal group on behalf of PayPal Hong Kong Limited. just greedy number. 3. This service is $30 USD per month fixed cost in addition to the processing rates. 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. Posted on. 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? You may contact a Business Consultant in Paypal HK. PayPal - How do I send payments from the PayPal app? 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. keep us posted. The REST APIs support many countries for PayPal account payments if you have a business account. 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). 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. 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. Of course, based on whatever currency you are relying on the fixed fees are different. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. Lets talk about a few options: One solution in this situation is to set the primary currency of your PayPal account to HKD, the same currency as your bank account. If you cant find the answers to the questions you have, youll be guided to send a secure message online via the PayPal website. Shop Now Pay with your preferred card Link all your cards and choose which one to use at checkout. They have given me the option to transfer payment using PayPal. Only thing I can think of is to send the USD to a non-HK paypal account and withdraw it from there. Check if you had a subscription set up.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. Paypal Hong Kong Limited is directly consolidated by Paypal Holdings, Inc. Youre right. Any thoughts Id love to hear them!From Dan. Subject: Your identity confirmation is now complete. Youll pay several fees when you receive an overseas business payment from PayPal. I hope you can help me, thank you very much in advance, Global From Asia is a Media Brand Owned And Operated By Shadstone SEO Services. This service is produced by Kompass. Our answer? I have a HANG SENG BANK account. 1999-2023 PayPal, Inc. All rights reserved. Find out how to register, send and and receive money via FPS. Check out our complete guide to registering and using PayMe from HSBC. Hi! But after several attempts of negotiation, we surrender. I have opened my first one outside of USA in early 2008 and have had accounts with them in Hong Kong, UK, China, and of course USA. yes youre not alone, tons of people are getting the same thing right now. 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. From my experience the quick answer is No. Ok, but seller want it sent to Hong Kong. If you open a Paypal HK account, youll need a HK bank account to link it to! And in Hong Kong its not much different. Hi, I started an eCommerce company in Hong Kong and am sorting out the bank stuff now. It could be that the error is shown only at some times, or that the error is not shown all of the required times. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. If you have any tips or tricks youd like to share, or more clarifications and questions I would love you to put a comment below. Shopping online has never been this easy. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. Hello Michael, can i connect paypal hong kong account to Hang Seng Bank? We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Hello Mark! Find out how to register, send and and receive money via FPS. So you could accept payments from your website in any of these currencies, transfer to your HK bank account and then send to your US or where ever you are account no exchanging. Choose the issue that most closely matches your reason for contacting us. this is the last part that is needed. It is linked to Hang Seng Bank Hong Kong..all in HKD. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. Telecommunications equipment, Optical, photographic and cinematographic equipment, Environmental services, renewable energies, Technical offices and engineering consultancies, architects, Hospitality, tourism, hotel and catering industries, Postal services, telecommunications, radio and television, Mining, quarrying and stoneworking plant and equipment, Paper and board making plant and equipment, Printing equipment. Here youll find a range of resources including FAQs and community solutions. How to sign up for a PayPal business account in Hong Kong You can open your PayPal business account online. I have filed a case with Paypal and they are reviewing it. kq bong da nam,cch kim tin v paypal,xs kien thiet mien trung. If the cross-currency trade is needed for your company, then you might need to understand how the PayPal exchange rate works: Usually, the PayPal conversion rate requires a transaction charge, which accounts for up to around 3-4% of the type of payment you pay. Fees for eChecks in HK$ 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. Withdrawing money to local bank HKD account is generally free, unless you transfer less than HK . This is in the form of a markup added to the exchange rate. Topup from paypal account should be no problem. Interested in the TNG Wallet Hong Kong? Heres a run down by PayPal account type. Aurelia Pay is a leading cross border payment service in South East Asia, Hong Kong and Greater China. (The documentation does not need to show the address where the item was actually sent. Choose New. 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. streetAddress: Suite 1506-7, Central Plaza 18 Harbour Road http://www.paypal.com Members Steven Chan Senior Director Michelle Chui Head of Government Relations, Hong Kong, Korea & Taiwan F T Tim Fu Country Manager, Hong Kong, Korea and Taiwan Zita Fung Senior Manager L C Claudia Lam L B Belinda Lee Team Lead (HK, S. 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