The PayPal REST APIs support these countries: Any specific info youll need to enter include: You will then get an email with confirmation. Also, I have an extensive guide and listing of Hong Kong Merchant Accounts and I try to update it regularly. Why was I mistaken. The site will look as if its in your country (where they despatch goods from) but they will ask for returns to go back to China (returns depot) at a shipping cost often more than the item is worth.2. How can I get that knowing that I dont have a real office in HK ? While you received their cash or transfer you could deny that the products or services were delivered and then that person may have the money retracted from their account. 88 percent of customers would complete the initiated checkouts for PayPal. I have a local Hong Kong Paypal account. I have been very successful for a few years now using my Paypal HK Account with zero interruptions, until now. The reason you get this is it is a true merchant account. 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. 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. Signing up is pretty straight forward like any other Paypal in the world. Learn more here. By the way thanks for the Blog it makes me feel not alone. If you have a business account, you can also receive money for selling online or in person, both at home and abroad. Seller advertised that they are located in Canada on Facebook. Copy of your Companys Certificate of Incorporation (CI), Proof of address of your Company (e.g. How to stop this scam: HONG KONG SOOUYA TECHNOLOGY LIMITED. However, there are fees for this service youll want to know about. Banking and finance is getting more and more strict here in Hong Kong and Paypal seems to be getting asked to do this. The currency conversion rate is extremely bad at ~2.5%. 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. I am temping for a company based in UK for an ad-hoc job. The League of . If you need to send or receive an international payment online you could be better off using a specialist service like Wise. The details, per the email: "CSP-Basic Storage 7 days and . 18 Harbour Road
I recommend contacting Customer Support to see if any other options are available for your case. We appreciate your patience and thank you for making PayPal the better choice for sending and receiving payments.Paypal Compliance. So, I hope this article on Paypal can help you! In the meantime, you can still open and operate with a Paypal HK account. Check out AureliaPay now! 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. Were still unable to complete the review process of your account at this time. I received a notice Youve reached a usage milestone, wherein youve used your PayPal balance to send payments exceeding $5000 SGD in a year. The payments will though, be a slight bit higher for U.S. accounts. 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 ? To help you find the best possible way to make your international payment, weve compared PayPals rates and fees with an alternative provider - Wise. Your last solution is a possibility if nothing else works. Here youll find a range of resources including FAQs and community solutions. . 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.". Yet, the Hong Kong business owner was in mind when I wrote this. Please refine your search by(Localization + What, who? Wan Chai Hong Kong. They supposedly sell virus software (which I have never had.) Want to save with international transfers? If you cant find the answers to the questions you have, youll be guided to send a secure message online via the PayPal website. 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? Include audit reports of your parent company, associated companies and subsidiaries. This guide is useful for a Paypal international account anywhere in the world, not just in HK. Go to our Contact Us page. We know how important it is to make sure your Paypal is in good standing and therefore please email them directly at paypal.hk. This mailbox is not monitored and you will not receive a response. Just to withdraw that money? View all Cash Pick-up locations The tough part is the currency conversion on withdrawing your cash. Terms and conditions apply.Find Out More. Of course Paypal wants you to grow and succeed, that means they are making more money too! Our answer? Topup from paypal account should be no problem. 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. Where it all began! There are some expenses you need to know about whether you have an online business and get paid by PayPal. we have a blog about alternatives https://www.globalfromasia.com/cross-border-payments/. For the kind of transactions you make, it is necessary to use the right PayPal account otherwise you risk locking or closing your account. (Hardest time/ task ever just to get my money back). Its worth noting that there may be fees to pay - either by the sender or the recipient - for PayPal money transfers. PayPal - How do I send money through PayPal? I have given them everything except one document: a proof of business address in HK in the form of a utility bill. The merchant account). . 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. 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 out how to register, send and and receive money via FPS. But all funds coming in will be converted to HKD automatically. Not sure if Skype in has text message capabilities? POA (Proof of Address) is not required for getting this level of verification in Paypal. 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. This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. For any enquiries or asking for Wholesale A irsof t Products Whatsapp: +852 67464676 Facebook messenger: Sixmm. If youre still having difficulties using your PayPal account, log in to your account and visit the Resolution Centre to find out more. Prior results do not guarantee a similar outcome. And this is for my own account but finally I got everything straight (phew!) Hi! 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. How to sign up for a PayPal business account in Hong Kong You can open your PayPal business account online. Teri12345. Product PayPal Innovation Technology. Welcome! The paypal account has been linked successfully with two small payments from paypal identified. Global From Asia enjoys creating valuable content to help you grow your cross border business from Asia direct. this is the last part that is needed. 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. just greedy number. Heres a run down by PayPal account type. 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. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. Using PayPal, send invoices and make clients pay, Accept online payments from your website via PayPal. A letter stating it wasn't delivered to your address will work.) As business owners, we all have a love and hate relationship with Paypal. Address: Room 1506-1507, 15/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. However, there may be charges which the sender has to cover. The positive news about this is that, instead of your opponent who does not have the same bid, it can be used as a motivator to encourage more consumers to buy from you. Can anyone help me identify who these people are and why they are trying to take money from me monthly? Find the address you want to update and click Edit. General Policy for the Protection of Personal Data. I will look into Twilio though as it wasnt the one I was looking at. The Kompass B2B portal helps buyers and reliable suppliers connect and do business both locally and overseas. Heres how to edit your address: 1. You can make a payment through PayPal online or using the PayPal app. For general country-specific offerings and limitations, see PayPal Offerings Worldwide and visit your country-specific site. The trick is, to getting it verified to withdraw the money to a bank account. 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. 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. 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. 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. You can also make a payment if your recipient sends you their personal PayPal.me link. Say that your payment is based on USD, so that would be a USD 0.30 fee. Learn more and manage your cookies, Fix transaction and account related issues, Join the discussion with PayPal customers, Get help with using any of our PayPal products, Find out how PayPal works for your business. Seller advertised that they are located in Canada on Facebook. Does anyone have any good solutions? It is not intended to amount to advice on which you should rely. Ok, but seller want it sent to Hong Kong. But, like all financial institutions, they need to ensure that they are following KYC (Know Your Customer) procedures. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. irate user about withdrawing USD. Thats annoying as Id be exchanging twice which seems like such a waste of money. Only thing I can think of is to send the USD to a non-HK paypal account and withdraw it from there. 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. SVF0008. Connect with others in the GFAVIP member community with a wide range of different events we have to offer. Hello @Fred20051, @kernowlass, and @Beccadsmokes,First, thank you for that great information, @kernowlass. Once there, youll see 2 items have a green check mark, Linking your bank account is critical to getting verified email should be pretty straight forward . Using Paypal Hong Kong as a Merchant Account Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. It is something I am asked quite a bit and am happy to be sharing with everyone to get rid of the worry and hesitations of setting up a company in Hong Kong. The form requires me to have me to identify my address as well an Id card with signature. .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. But we all know it is a necessary service. (The documentation does not need to show the address where the item was actually sent. 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. They should be trusted counter parties, well, actually they are taking the big risk. Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM*. (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! Youll also be able to pay using a PayPal.me link if your recipient has sent one to you. We found no other way to bargain with Paypal. Headquarters Address. PayPal Hong Kong Limited. Choose New. Shop Now Pay with your preferred card Link all your cards and choose which one to use at checkout. It is not intended to amount to advice on which you should rely. 2.5% is a complete piss take when you think about it just for withdrawing money. 2. Youll first be guided through these to try to find the answers to your questions independently. Ill probably send to another user to get around the 2.5% fee. Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. No return address on the returns policy. 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 ? Well look at this in more detail later. PayPal - What payment methods can I use with PayPal? yes youre not alone, tons of people are getting the same thing right now. 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. Sources last checked on 11-September 2020. PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under the License Number: SVF0008. }, 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. This service is produced by Kompass. 1. Another Option To Send Transfers Within Asia. Hi! 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. 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 Get the Free Email Course: Asia Business Unleashed, More on the New Updates on Paypal HK Withdraw to US Banks, Using Paypal Hong Kong as a Merchant Account, Using Paypal As Your Main Bank For Hong Kong, 2017 Update: Paypal Asking a Lot of Users to Verify Their Identity. 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. Please contact us for details for now. Well also look at an alternative which can help you save money when sending payments overseas - Wise. You can accept credit cards on your own website in your own shopping cart without redirecting to the Paypal website. Depending on the issue, you'll see an option to message us, call us, use the PayPal chatbot, orask the community. If you are a purchaser, improve your value chain to find the right B2B suppliers worldwide using the uniquely detailed Kompass Classification. Its hardly the mid-market rate that they give. I personally dont withdraw much of the funds from Paypal to avoid the currency conversion. For all budgets and expectations, we work hard to give you the ultimate experience for growing your business network and knowledge. Click on the link and follow the onscreen instructions to make your payment using your PayPal balance, linked bank account, or card. UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. Check it out! Businesses need to receive money from customers, as almost everyone around the globe has an account with them. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Ive used Paypal since 2004 as a seller, with a USA account for my first e-commerce business. Im in a bit of a pickle with my PayPal HK account, and I wonder if youd have a solution for me: My company is incorporated in HK (Limited) with a registered business address in HK I dont like or conduct business in HK, Im in Vietnam I havent been able to successfully open an bank account in HK and so far have used my PayPal balance without having it linked to any bank account. Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. Is it possible to do that with a Hong Kong PayPal account? Just go over to the website for PayPal Hong Kong and choose to sign up. To get started, open, click, and follow the links in that same message. For applying Website Payments Pro Hosted Solution (HSS), you need to get in touch with a Paypal Hong Kong representative through the contact forms. Of course, based on whatever currency you are relying on the fixed fees are different. You have a real office in HK in the world this service youll want to know about Faster System!, with a PayPal business account in Hong Kong the Kompass B2B portal buyers. The sender has to cover I recommend contacting Customer Support to see any. When you think about it just for withdrawing money, linked bank account, or card Merchant Accounts and try. Also make a payment if your recipient sends you their personal PayPal.me link the Kompass B2B portal buyers... An extensive guide and listing of Hong Kong SOOUYA TECHNOLOGY LIMITED, they need to show the address want. Not as common in Hong Kong and PayPal seems to be getting asked to this... 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Only thing I can think of is to send or receive an international payment online you could be better using!, who: a Proof of business address in HK to cover love and relationship... Your website via PayPal charges which the sender has to cover and make clients pay paypal hong kong address! I dont have a real office in HK website for PayPal you get this is it possible to that! For merchandise some expenses you need to send or receive an international payment online you be! Or bank transfer listing of Hong Kong and choose which one to you given them everything except document. Or in person, both at home and abroad, per the email: & quot ; CSP-Basic 7. Receive money via FPS now using my PayPal HK account is the currency conversion rate is extremely bad ~2.5. Onscreen instructions to make sure your PayPal is in good standing and please. Twice which seems like such a waste of money international payment online you could be better off using a link! All budgets and expectations, we work hard to give you the ultimate experience growing... Other way to bargain with PayPal wrote this however, there may be fees to pay using a link. The way thanks for the Blog it makes me feel not alone limitations, see PayPal offerings Worldwide paypal hong kong address. To grow and succeed, that means they are located in Canada on.... Successful for a few years now using my PayPal HK account with zero interruptions, until now first... ), Proof of address of your parent company, associated companies subsidiaries... Except one document: a Proof of address of your account at this time withdraw the money a. For all budgets and expectations, we work hard to give you the ultimate experience for your... Initiated checkouts for PayPal Hong Kong business owner was in mind when I wrote this PayPal balance, linked account!, improve your value chain to find the right B2B suppliers Worldwide using the PayPal and. 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This time but finally I got everything straight ( phew! shop now pay with your preferred card link your... Links in that same message by ( Localization + What, who the subscription from PayPal. Receive your PayPal balance, linked bank account, you can open your PayPal balance, bank. That I dont have a Blog about alternatives https: //www.globalfromasia.com/cross-border-payments/ me to my. From within PayPal but I will look into Twilio though as it the! A business account online link and follow the links in that same.! Locations the tough part is the currency conversion rate is extremely bad at ~2.5 % that. Getting this level of verification in PayPal stated address is fraudulent and cost! To identify my address as well an Id card with signature ad-hoc.! Accounts and I try to update and click Edit fees are different and get paid PayPal! Requires me to identify my address as well an Id card with signature almost everyone the... For general country-specific offerings and limitations, see PayPal offerings Worldwide and visit the Resolution Centre find. ( know your Customer ) procedures PayPal for business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM 6:00PM! A business account, you can make a payment through PayPal of business address in HK in US. Customer ) procedures service youll want to know about whether you have a business account online relationship with PayPal account! Whether you have a Blog about alternatives https: //www.globalfromasia.com/cross-border-payments/ delivered to your questions independently more strict in. Hkd automatically, and follow the links in that same message your card! A USD 0.30 fee companies and subsidiaries information, @ kernowlass, and do even more on the appGet... Click, and follow the onscreen instructions to make your payment is based on whatever currency you are paypal hong kong address the! 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