Wise payments are convenient, secure, and arrive quickly - with no exchange rate markup, and no hidden fees. The data we collect are only those necessary for the proper use of our service. We found no other way to bargain with Paypal. Aurelia Pay is a leading cross border payment service in South East Asia, Hong Kong and Greater China. Use the funds for your operating expenses on hosting, services, and other items. Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. Hi Audrey, some use Twilio phone numbers or other online number solutions. More updates from Sam. (The documentation does not need to show the address where the item was actually sent. Hi! 2888240). The person youre asking to send you money will receive an email allowing them to pay you using a card, linked bank account or their existing PayPal balance. Explore PayPal for Business Speak to a Expert Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM * Request a callback Prefer us to call you? Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? RFU form (Application form they will attach). Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. The level of verification you get through this process, is it ok to handle roughly 5 to 10k per month on it? This ultimate guide runs through all you need to get started paying in and out of your Alipay HK wallet. Heres another message from one (can I say?) Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. I personally dont withdraw much of the funds from Paypal to avoid the currency conversion. very cool tip thanks for that Cherry! 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 ? Just saw it in my account (see attached). Like you mentioned, and like many others, PayPal requires verification documents from me now. To counter this, I would suggest to keep a clear documentation on all of your transactions. Address: Room 1506-1507, 15/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. The details, per the email: "CSP-Basic Storage 7 days and . As always, if you need help or have any questions, email us at compliance-apac-KYC@paypal.com. Please specify if I dont verify any bank for withdrawal from PayPal then could my clients who dont have paypal account make payments using their bank cards? To me it says that your PayPal account setup is based on Hong Kong address and that at any point when they notice that you are from Hong Kong, you are greeted with the message. USPS also informed me that there are certain tracking numbers they use that are automatically flagged as suspicious or fraudulent. New to the community? Luckily, there are more and more choices lately and the fees are still rather high comparatively speaking but coming down. I just want to transfer the location of my accoun. Your article here seems to say you dont need to be, but that clashes with what I have read other place. My guess is we need to keep the HK company open and create a sellers contract, but sure would be nice to simplify. Sources last checked on 14-September 2020. Request a call back from our sales experts today. That constitutes proof of address and will work for almost every case. It is a hot topic that people want to connect their Paypal Hong Kong to non-Hong Kong banks. The fee will always be mentioned upon withdrawal. What information do I need to link my HANG SENG BANK account to PAYPAL? How to stop this scam: HONG KONG SOOUYA TECHNOLOGY LIMITED. There is a processing fee, which is a percentage of the sales amount, and a minor currency-based fixed fee. PayPal is a nightmare, my best advise is to stay away from it. No return address on the returns policy. I use Transferwise to get US dollars out of PayPal and exchanged to Candian dollars. Copy of your Companys Certificate of Incorporation (CI), Proof of address of your Company (e.g. For all budgets and expectations, we work hard to give you the ultimate experience for growing your business network and knowledge. Youll pay an upfront fee, as well as a currency conversion cost. Find out how to register, send and and receive money via FPS. Well also look at an alternative which can help you save money when sending payments overseas - Wise. Contact Us Create a free Business Account Please also update the address on your Proof of business address document to the account. The way around this is if you put your prices for your products or services in Hong Kong dollars instead of US 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. Contributor. 5. 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 Connect with others in the GFAVIP member community with a wide range of different events we have to offer. If its this Android app, that points directly to some dark interface design theyre putting into games, because the only Android in our house belongs to my tween son, and there is no way he would voluntarily install spyware. 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. 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. 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). Strap on your seat belts, this is going to be fun! Sorry you mentioned this in your article. hi Jan, I dont think that Paypal exactly tells people how much you can do with various levels of verification but I would say it is fine for 5k to 10k a month. Youll be able to receive domestic or international payments from friends and family using a personal account. Click on the link and follow the onscreen instructions to make your payment using your PayPal balance, linked bank account, or card. Hi. 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. Posted on. 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. 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. Another solution is try to not withdraw any. Rarely company address information.4. By continuing to use our services beginning May 25, 2018, you acknowledge and agree to our updated Privacy Policy and Cookies Policy. Of course, based on whatever currency you are relying on the fixed fees are different. 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. Also, you can understand that you will still need to account for currency exchange rates on that too. Only by demanding an electronic transfer to it can you directly transfer the money from the bank account to which you connect. New and existing customers looking for set up, technical and account support. AVOID THEM AT ALL COSTS! *Fees correct at time of writing - 31 August 2020. 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. However, should you choose to use any of the other functionality available in the PayPal business account, there are some payments attached. The REST APIs support many countries for PayPal account payments if you have a business account. 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. }, 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. Go to our Contact Us page. To get started, open, click, and follow the links in that same message. We are getting more and more emails from readers who think we are affiliated with Paypal and asking us for customer support. And as a member in Dynamite Circle I have read and engaged with many members in there with various experiences. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. 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. You can also check for my latest podcasts on Paypal and other merchant accounts on the site here. Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . The tough part is the currency conversion on withdrawing your cash. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? To help you find the best possible way to make your international payment, weve compared PayPals rates and fees with an alternative provider - Wise. 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. Around 200 million people have a PayPal account. Where it all began! 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. Textiles, Clothing, Leather, Watchmaking, Jewellery. Of course Paypal wants you to grow and succeed, that means they are making more money too! The PayPal REST APIs support these countries: Consumer Advisory PayPal Hong Kong Limited is a licensed issuer of a stored value facility regulated by the Hong Kong Monetary Authority under License Number: SVF0008. If you open a Paypal HK account, youll need a HK bank account to link it to! In the meantime, you can still open and operate with a Paypal HK account. If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. 2 people found this solution to be helpful. PayPal is a convenient way to shop online and send and receive some payments. I believe this is only for payments coming from YOU not for payments from 3rd parties. 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