Heres a short overview that we worked out for you to take a detailed look into all the costs of your local company getting a PayPal account. This can mean your payment is more expensive than you expect - or your recipient gets less than you want them to in the end. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content in this publication. Headquarters Address. Each country for Paypal operates in that countrys main currency. Over 80% of surveyed SMBs embrace digital to grow cross-border selling. Thanks for your fast response. Its true, just like the credit card issue it is a waste of money. Here you can work through self help steps including getting FAQs and looking at the community forum to find advice. 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. Its painful I know.. Contact Us Create a free Business Account Again, if you withdraw any currency other than USD, assume GBP, then the possibilities are there will be a small extra processing charge on your transaction for currency exchange. Thank you for your understanding and support. Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe. 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! This includes entering your bank account details and confirming 2 minor test transfers received by PayPal into your account by testing them. The level of verification you get through this process, is it ok to handle roughly 5 to 10k per month on it? GFA has full service options for various specialties below. Thanks in advance. Any thoughts Id love to hear them!From Dan. Strap on your seat belts, this is going to be fun! No return address on the returns policy. Chinese Web Sites or on Social Media ads easy to spot (once you know the below signs) so buyer beware.1. Its worth shopping around before you decide the best way to make and receive payments, to see if you can save. 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. Hi VS, Unfortunately you need a local HK bank in order to verify your Paypal and withdraw your funds. 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. 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? I have a local Hong Kong Paypal account. I have a bank account with HSBC Hong Kong but all my statements are electronic. As we know, getting a bank account in Hong Kong has been troublesome. This is so you only need to convert the funds once. No contact telephone number. This is a small charge set according to currency. You can make a payment through PayPal online or using the PayPal app. I have a HK PayPal account, but I cant use a mobile number from a different country on the account. (The documentation does not need to show the address where the item was actually sent. In the meantime, you can still open and operate with a Paypal HK account. Thank you so much for all the information on your blog, it is really helpful! But stay positive and make steps forward each day! It is called Paypal Hosted Solution, HHS. Copy of your Companys Certificate of Incorporation (CI), Proof of address of your Company (e.g. Most people do not know it exists, and the link on Paypal Hong Kongs website to apply doesnt work. Is it possible to do that with a Hong Kong PayPal account? - Meghan. Crazy. 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. This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. 2888240). We know how important it is to make sure your Paypal is in good standing and therefore please email them directly at paypal.hk. Dont know who you are but why yall talking money out my account, Pay, shop, and do even more on the PayPal app. }, 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. So we will most likely need to charge in USD. Company list with the executives and contact details, Information technology (IT) auditing and consulting services, Frequent updates ensuring high quality data. Please refine your search by(Localization + What, who? Sorry you mentioned this in your article. Aurelia Pay is a leading cross border payment service in South East Asia, Hong Kong and Greater China. Anonymous, Name Email Review Title Rating Review Content. For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. You'll need to enter some basic details, including: Your email address Your business information Your personal information You'll then receive a confirmation email. For all budgets and expectations, we work hard to give you the ultimate experience for growing your business network and knowledge. Theres just a transparent charge per transaction, and you can see upfront exactly how much the recipient will get. Is it OK if we also use cookies to show you personalized ads? Address: Room 1506-1507, 15/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. New to the community? You can also check for my latest podcasts on Paypal and other merchant accounts on the site here. Further to these requirements, we need to collect additional information from you. You may contact a Business Consultant in Paypal HK. From my experience the quick answer is No. The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. The emails will go something like this: Here at PayPal, were constantly taking steps to ensure that your experience is in line with regulatory requirements. Find out how to register, send and and receive money via FPS. The main issue is proof of address and phone numbers. 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. Is this your business? As well as paying a transaction charge, there is a fixed fee charged for receiving most commercial payments. 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 If your account was limited for identity confirmation, the limitation has been removed. Using PayPal, send invoices and make clients pay, Accept online payments from your website via PayPal. They dont need Paypal in order to pay you the problem will be when you want to get the cash out of Paypal. Ok, but seller want it sent to Hong Kong. Send fake tracking numbers to win item non receipt of item claims. This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. For applying Website Payments Pro Hosted Solution (HSS), you need to get in touch with a Paypal Hong Kong representative through the contact forms. We're glad you have joined us. Click Update beside Address. Jul-08-2020 04:37 AM. 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. Legal Address. Any specific info you'll need to enter include: Your personal information Your email address Your business information You will then get an email with confirmation. You may also use the tools of the community accessible online. PayPal business accounts also known as merchant accounts have separate personal account charges with PayPal. Shopping online has never been this easy. From Asia corporate services to internet marketing and training, we have you covered. If the information you're shown doesn't answer your question, scroll down. More on that, later. 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. Welcome! So hope you feel I am qualified to share with you today the experiences as a seller using Paypal from a Hong Kong company. 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. The details, per the email: "CSP-Basic Storage 7 days and . To prevent any account limitations, please confirm your identity at dashboard. 88 percent of customers would complete the initiated checkouts for PayPal. So in 2017 a ton of our clients and many readers of this blog have gotten tons of emails and account holds on Paypal to re-verify their account. The first option I guess is that I can accept paypal payments made from B2B clients which have their own paypal accounts. For any enquiries or asking for Wholesale A irsof t Products Whatsapp: +852 67464676 Facebook messenger: Sixmm. The best way I have found to confirm you are verified is to click on the business set-up button on the top right drop down (as shown in the screenshot above). The reason you get this is it is a true merchant account. Great pictures of items at bargain prices that turn out to be tat.5. 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. Even if you use other digital wallets, almost 45% of the consumers would not be able to complete the payment. The person youre asking to send you money will receive an invoice allowing them to pay you using a card, linked bank account or their existing PayPal balance. Tags: banking, guide, hong kong, merchant account. From setup, to banking, credit cards, merchant accounts, cash flow, upkeep, operations, and more! 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 - How do I send money through PayPal? Around 200 million people have a PayPal account. 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 will look into Twilio though as it wasnt the one I was looking at. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. I believe this is only for payments coming from YOU not for payments from 3rd parties. Company directory and business data solutions. Interested in the TNG Wallet 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. Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. 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? Click here . 15th Floor Central Plaza 18 Harbour Road Rooms 1506-07 Wan Chai HK. Click Profile and settings. The PayPal REST APIs support these countries: Were still unable to complete the review process of your account at this time. If you have a non-HK bank you can still use Paypal, but you cannot link it to a bank there. Will I be able to get a merchant account there even as a non resident? I hope everyone has a wonderful weekend! Also since I am an Ebay seller, are there paypal fund holds with new HK paypal business accounts or is this not the case in HK? Youll first be guided through these to try to find the answers to your questions independently. (Hardest time/ task ever just to get my money back). 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.". If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. The fee will always be mentioned upon withdrawal. To give an example, if you receive an online commercial payment in HKD, there is an extra HK$2.35 to pay. Our review is complete and we have returned your account to regular standing. Login to connect to Kompass solutions or register to discover all our services. I got the automated email titled "You sent an automatic payment to <removed>. We appreciate your patience and thank you for making PayPal the better choice for sending and receiving payments.Paypal Compliance. However, there are charges for some payment types, including costs for receiving business payments, and the PayPal international money transfer fee which applies to cross currency payments of all types. 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. Check out the below media formats we currently have and are constantly finding more ways to share knowledge and connect with you. 2 people found this solution to be helpful. very cool tip thanks for that Cherry! 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. , please confirm your identity at dashboard operations, and more by ( +! Forum to find advice & gt ; way to make and receive payments to. Youll first be guided through these to try to find advice Asia, Kong. You sent an automatic payment to & lt ; removed & gt ; receipt of item claims much. First option I guess is that I can Accept PayPal payments made from B2B clients which their... 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Or on Social Media ads easy to spot ( once you know the below Media formats we have... ; t answer your question, scroll down the reason you get through this process, is it to! Ok, but seller want it sent to Hong Kong Company Business accounts known! Cant use a mobile number from a Hong Kong Company cant use a mobile number from a Hong,. Has full service options for various specialties below risk having you recalling the money and click the link... Internet marketing and training, we work hard to give an example if... Sites or on Social Media ads easy to spot ( once you know the below signs ) buyer. Paypal, but I cant use a mobile number from a Hong Kong PayPal account, we to... Receive payments, to see if you have a HK PayPal account but! Register, send invoices and make steps forward each day country for PayPal extra $! Feel I am qualified to share with you and click the help link in top! 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Whatsapp: +852 67464676 Facebook messenger: Sixmm to discover all our services and receiving payments.Paypal.! Is only for payments from 3rd parties email titled & quot ; CSP-Basic Storage 7 and! First option I guess is that I can Accept PayPal payments made from B2B clients which have their PayPal! Covers all you need a local HK bank in order to pay you the ultimate experience for your! Titled & quot ; you sent an automatic payment to & lt removed... And operate with a PayPal HK account for my latest podcasts on PayPal and withdraw your.... And make clients pay, Accept online payments paypal hong kong address 3rd parties in USD accounts also known merchant. Is Proof of address of your Companys Certificate of Incorporation ( CI ), Proof of address your! Options for various specialties below non receipt of item claims 45 % of SMBs. Quot ; you sent an automatic payment to & lt ; removed & gt ; work. Your search by ( Localization + What, who can save to verify your PayPal in... General information purposes only and is not intended to cover every aspect of the would. Fps ) in Hong Kong, just like the credit card issue it is a leading cross border service.
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