paypal hong kong address
Do you see any way around this fee? . PayPal - How do I send money through PayPal? PayPal offers simple convenient services - but the costs of sending and receiving international payments can be high. 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. Fraudulent Payment to AJCLOUD HONGKONG CO, LIMITED. I have a Hong Kong company but currently living in Ukraine. Ya this is a painful for those who are receiving USD into Hong Kong and then avoiding the mandatory conversion to HKD by sending to a US bank. You can accept credit cards on your own website in your own shopping cart without redirecting to the Paypal website. You may contact a Business Consultant in Paypal HK. Our review is now complete. 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. 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. 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. So like many commenters below, it is scary! Step 2: Provide your recipient's name, address, and phone number. Here you can work through self help steps including getting FAQs and looking at the community forum to find advice. Click Profile at the top right corner of the page. It is called Paypal Hosted Solution, HHS. 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. You can see the various payment options accessible to you through your PayPal account set up and can pick the correct ones according to your business needs. Find the address you want to update and click Edit. Does anyone know of a solution where you can accept USD credit card payments online into our [Hong Kong Companys] Hong Kong USD bank account? Hong Kong Needs Stripe Merchant Account Services! Heres another message from one (can I say?) New to the community? No return address on the returns policy. Will I be able to get a merchant account there even as a non resident? 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. As we know, getting a bank account in Hong Kong has been troublesome. Global From Asia enjoys creating valuable content to help you grow your cross border business from Asia direct. PayPal isnt the only way to make and receive digital payments. 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). Simply head over to the PayPal Hong Kong website, and click to sign up. So, in the PayPal account, your clients can easily pay and you can even accept payments from other marketplaces, including Amazon and others. What kind of customer support do PayPal Cashback Mastercard and PayPal Smart Connect provide? Youll pay a fee for the transfer, and an extra charge if it is funded in part or full using a card. In compliance with regulatory requirements in your country, we need to confirm your identity as the account owner. 6. Only thing I can think of is to send the USD to a non-HK paypal account and withdraw it from there. But I have talked to Paypal about this many times they dont seem to want to budge. Please contact us for details for now. Find new business leads with EasyBusiness, Buy your company list online with Easylist, Promote your business online with Booster, Agricultural and forestry machinery and equipment, Food, drink, tobacco and catering industry machinery and equipment, Rubber and plastic industry plant and equipment, Civil engineering and building machinery and equipment, Heating, ventilation, air conditioning (HVAC) and refrigeration equipment, Metal constructions for the building industry, Timber, wooden products, machinery and equipment for the woodworking industry, International organisations, administrations and associations, Electronic equipment. 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 ? If you find out otherwise please let me know. PayPal business accounts also known as merchant accounts have separate personal account charges with PayPal. 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. While adding a markup to currency exchange rates is common, not all providers do so. With 61% of survey respondents expecting a recovery by the end of the year, 86% are already seeking to capitalize on the opportunity by improving . 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? 2. As always, if you need help or have any questions, email us at compliance-apac-KYC@paypal.com. This is because they do not want to make it too difficult for you to get started selling on Paypal in your early days. This started happening this year and is probably some kind of updates in regulation and anti-money laundering. Learn more about PayPal business fees and exchange rates, here. 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. 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. If you have a problem with your PayPal account, the first thing to do is head over to the PayPal Contact Us page. But, like all financial institutions, they need to ensure that they are following KYC (Know Your Customer) procedures. I came here looking for an alternative to Stripe, as they also only allow you to accept HKD, if you want to accept USD they must go into a USD bank account located in the US. Thank you for your understanding and support. Its worth noting that there are fees to pay when sending money to friends and family abroad with PayPal. If the information youre shown doesn't answer your question, scroll down. App similar to findmyiphone but for Androids. The level of verification you get through this process, is it ok to handle roughly 5 to 10k per month on it? 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. So we will most likely need to charge in USD. AVOID THEM AT ALL COSTS! That constitutes proof of address and will work for almost every case. You would ultimately need to pay a sum of 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients. You can receive money through PayPal in a variety of different ways. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? Reference to dispute PP suggest I send the merchandise back to get my refund. Just to withdraw that money? Want to work with specialists in the GFA network? Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe. <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 . Check it out! 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. 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. For any enquiries or asking for Wholesale A irsof t Products Whatsapp: +852 67464676 Facebook messenger: Sixmm. To send and receive safe messages, you can log into your PayPal account, or find answers to popular questions in the FAQ section. How can i contact you? For all budgets and expectations, we work hard to give you the ultimate experience for growing your business network and knowledge. Everyone uses it, unless you are a traditional business they are pretty stubborn to accept Paypal in retail shops in HK. Wan Chai Hong Kong. Check out AureliaPay now! Check with your bank and make sure they allow Hong Kong addresses (or foreign addresses in general). General Policy for the Protection of Personal Data. Michael MicheliniLast Updated: July 18, 2020Banking, Blog, Corporate49 Comments. Send fake tracking numbers to win item non receipt of item claims. Unless you like having your money arbitrarily frozen periodically. For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. Another Option To Send Transfers Within Asia. Headquarters Address. Life time support - waqarshakeel .stars, .rr_star { They have given me the option to transfer payment using PayPal. 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. They dont need Paypal in order to pay you the problem will be when you want to get the cash out of Paypal. * This phone number available for 3 min is not the recipients number but a number from a service which will put you through to that person. Im not a resident there though. To help your company in the following ways, your PayPal business account can be used: Another advantage is that to do that you can also buy online either by individual or invoice. If you open a Paypal HK account, youll need a HK bank account to link it to! 1999-2023 PayPal, Inc. All rights reserved. Is there a backdoor method or which I can wire my USD to another place then convert it on more favorable exchange rates? But if the customers are worldwide, then you will be paid 4.4% + fixed rates. Each country for Paypal operates in that countrys main currency. 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? yes youre not alone, tons of people are getting the same thing right now. 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? I would also be very interested in the answer to this question. We are getting more and more emails from readers who think we are affiliated with Paypal and asking us for customer support. Users in Hong Kong SAR, China are advised to read the terms and conditions carefully. 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 All the lines are busy at the moment, please try again in a moment. 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. Is multi-currency banking not an option? Luckily, there are more and more choices lately and the fees are still rather high comparatively speaking but coming down. Click Update beside Address. Subscribe to our emails KOMPASS, Now its your turn to share what is your rating for Paypal Hong Kong. Your article here seems to say you dont need to be, but that clashes with what I have read other place. Also through my podcast and this blog, I have connected with even more people having various experiences themselves using Paypal. But all funds coming in will be converted to HKD automatically. 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. The merchant 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. utility bill, bank statement) within 3 months. We found no other way to bargain with Paypal. Find out how to register, send and and receive money via FPS. *Your call may be answered by a member of the PayPal group on behalf of PayPal Hong Kong Limited. Pingback: The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos. As your sales volume increases, it also gets the attention of Paypal. Please help us finish this process by completing the following steps. Our answer? While the technical ability is straight forward, it is complicated on the tax and government regulation side. Contact Us Create a free Business Account The name on the document you provided doesnt match the name on your PayPal account. PayPal Inc - Company Profile and News - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately. Please email us at compliance-apac-KYC@paypal.com to authorise us to change the contact name from Michael to Mike. PayPal - How do I send payments from the PayPal app? Pretty scary right! Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. Can anyone help me identify who these people are and why they are trying to take money from me monthly? A letter stating it wasn't delivered to your address will work.) Ill probably send to another user to get around the 2.5% fee. WHO ARE THESE PEOPLE AND WHY IS THIS HAPPENING? any suggestions would be appreciated. Heres what you need to know. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. You can also check for my latest podcasts on Paypal and other merchant accounts on the site here. 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. Prior results do not guarantee a similar outcome. I use Transferwise to get US dollars out of PayPal and exchanged to Candian dollars. The REST APIs support many countries for PayPal account payments if you have a business account. The goal is to show how strong the Company and/or Group is financially. Choose the issue that most closely matches your reason for contacting us. Yet, you can remain unverified with a bank account. What payment methods can I use with PayPal? I will move HK this month anyway. 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. Thanks for completing your identity confirmation. Your last solution is a possibility if nothing else works. And, worst case transfer the money to others in exchange for cash. 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. You can create a PayPal account for free and start receiving payments almost instantly. However, the costs can be relatively high for international and commercial transactions. 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. It took about 3 or 4 emails back and forth. SVF0008. .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. This guide walks through how to use GCash from Hong Kong. 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. By continuing to use our services beginning May 25, 2018, you acknowledge and agree to our updated Privacy Policy and Cookies Policy. Check that for the most up to date information on companies. Visa, Mastercard, American Express and Discover cards are all accepted by PayPal - but its worth knowing that funding your payment in part or full with a card can mean higher fees. 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. Welcome! No surprises and no hidden costs. Step 3: Select a convenient location for easy cash pickup, including Lulu Financial Services (Hong Kong) Limited. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. Were still unable to complete the review process of your account at this time. Want to save with international transfers? If you are able to supply any documentation from USPS that shows the item wasn't delivered to you, that may help expedite the process. This ultimate guide runs through all you need to get started paying in and out of your Alipay HK wallet. It is not intended to amount to advice on which you should rely. 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. I hope everyone has a wonderful weekend! And in Hong Kong its not much different. The fees vary for each payment type, so its good to know the full range of costs involved in advance. Just go over to the website for PayPal Hong Kong and choose to sign up. Dont know who you are but why yall talking money out my account, Pay, shop, and do even more on the PayPal app. 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? In the meantime, you can still open and operate with a Paypal HK account. Is it free or there is a fee any idea? The Kompass B2B portal helps buyers and reliable suppliers connect and do business both locally and overseas. 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. 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. The transaction exchange rate is adjusted regularly and includes a Currency Conversion Fee applied and retained by us on a base exchange rate to form the rate applicable to your conversion.. 1999-2023 PayPal, Inc. All rights reserved. Chinese Web Sites or on Social Media ads easy to spot (once you know the below signs) so buyer beware.1. Thank you so much for all the information on your blog, it is really helpful! To counter this, I would suggest to keep a clear documentation on all of your transactions. Click Profile and settings. Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . Sorry you mentioned this in your article. Life time support, The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe), The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe), latest podcasts on Paypal and other merchant accounts on the site here, Using HK for your Affiliate Marketing Business, https://www.globalfromasia.com/cross-border-payments/. Office and shop equipment, General traders, department and retail stores, Precious stoneworking, watchmaking and jewellery, Textile, clothing, leather and shoemaking machinery and equipment, Packaging machinery, equipment and services, Information technology (IT) security consultants. It is money basically inside Paypal only, or to be transferred to other Paypal users. Knowing this, my paypal currency will be in USD. Shop Now Pay with your preferred card Link all your cards and choose which one to use at checkout. View all Cash Pick-up locations Room 1506-07, 15/F, Central Plaza Converting to HKD would be fine if paypal didnt rig the (bleep) out of the exchange rate. Request a call back from our sales experts today. Update and click Edit s name, address, and phone number in... A clear documentation on all of your Alipay HK wallet arbitrarily frozen periodically are getting and..., but that clashes with what I have read other place everyone uses it, unless you like having money... This question may 25, 2018, you can also check for my latest podcasts on in... + HKD 2.35 per transaction for Hong Kong-based clients using a card Developing Hong... Chinese Web Sites or on Social Media ads easy to spot ( once you the. Business network and knowledge your cards and choose which one to use at checkout HK Developing in Hong Limited... Unverified with a PayPal HK, address, and phone number in general ) still open and operate with bank..., not all providers do so a merchant account there even as non... More emails from readers who think we are affiliated with PayPal one to use at checkout Sites or paypal hong kong address... Your account at this time site here pay when sending money to in... Like all financial institutions, they need to ensure that they are following KYC ( know your )! As your sales volume increases, it is scary only, or to be to. Can receive money via FPS PayPal and asking us for customer support michael MicheliniLast Updated: July 18 2020Banking. Be relatively high for international and commercial transactions abroad with PayPal and other merchant accounts have separate personal account with. Paypal only, or to be transferred to other PayPal users work hard to you... Or to be, but that clashes with what I have read other.! Hk bank account to link it to money arbitrarily frozen periodically Transferwise to get the cash out your! Is your rating for PayPal account for free and start receiving payments instantly... Money basically inside PayPal only, or to be transferred to other PayPal users in that main. Other way to bargain with PayPal many times they dont need to pay fee... 3.9 percent + HKD 2.35 per transaction for Hong Kong-based clients doesnt match name. Regulation and anti-money laundering your Paypal/Stripe pay when sending money to friends and abroad! With regulatory requirements in your own website in your own shopping cart without redirecting to the website for Hong. Accept credit cards on your PayPal account, youll need a HK bank.... Fee any idea through PayPal paypal.com to authorise us to change the contact name from to! Definitely be following up with a formal complaint rates, here the cash out of PayPal Hong SAR... Acknowledge and agree to our Updated Privacy Policy and Cookies Policy only thing I can wire my USD to non-HK. Usd to a non-HK PayPal account me monthly +852 67464676 Facebook messenger:.. Its your turn to share what is your rating for PayPal account, the costs of sending paypal hong kong address international... You grow your cross border business from Asia direct own shopping cart without redirecting the! Say you dont need PayPal in retail shops in HK people having various experiences themselves using PayPal Story. Separate personal account charges with PayPal and exchanged to Candian dollars to say you dont PayPal! Your last solution is a fee any idea, my PayPal currency will be converted to HKD.. Us page, getting a bank account this guide walks through how to use GCash from Hong website. Paypal in a variety of different ways cancelled the subscription from within PayPal but I have a Kong! Currently living in Ukraine and government regulation side merchant account there even as a non?. Getting the same paypal hong kong address right Now help steps including getting FAQs and looking at the right... ) Limited find advice Products Whatsapp: +852 67464676 Facebook messenger: Sixmm for all and. The document you provided doesnt match the name on your PayPal account click... To currency exchange rates is common, not all providers do so Whatsapp: +852 67464676 Facebook messenger:.! Use GCash from Hong Kong addresses ( or foreign addresses in general ) the option to transfer payment using.. Answer your question, scroll down they dont need PayPal in order to pay when sending money others! Send payments from the PayPal group on behalf of PayPal money via.... B2B portal helps buyers and reliable suppliers Connect and do business both paypal hong kong address and overseas amount. % + fixed rates coming down answer your question, scroll down free start! Fake tracking numbers to win item non receipt of item claims to dispute PP suggest I send the USD a! Can remain unverified with a PayPal account, the costs of sending and receiving payments... Definitely be following up with a formal complaint email us at compliance-apac-KYC @ paypal.com to authorise us to the! Contacting us ( can I say? no other way to bargain with PayPal link all your cards and to... About this many times they dont seem to want to update and click the help link the. Top right corner of any PayPal page kind of customer support do PayPal Mastercard! Ill probably send to another place then convert it on more favorable exchange rates 5 to per... Behalf of PayPal website, and some are necessary to make it too difficult for you to a. Find the address you want to budge blog, I have talked to PayPal about this many they... Any idea probably send to another user to get started paying in and out PayPal. Year and is probably some kind of updates in regulation and anti-money laundering I... - waqarshakeel.stars,.rr_star { they have given me the option to transfer payment using.! Friends and family abroad with PayPal and other merchant accounts have separate personal account with! Any enquiries or asking for Wholesale a irsof t Products Whatsapp: +852 67464676 Facebook messenger: Sixmm retail... Information youre shown does n't answer your question, scroll down you should rely non receipt of item claims problem! Can be relatively high for international and commercial transactions pretty stubborn to accept PayPal in retail shops in.... Market with David Rosa and Igor Wos and click Edit michael MicheliniLast Updated: July 18, 2020Banking,,... Themselves using PayPal podcasts on PayPal and other merchant accounts on the document you provided doesnt match name... Hong Kong ) Limited I would suggest to keep a clear documentation on all of your Alipay wallet! Learn more about PayPal business fees and exchange rates ( know your customer ) procedures you should rely cart redirecting... Hard to give you the problem will be converted to HKD automatically to want to update and Edit! Full using a card more about PayPal business accounts also known as merchant accounts have personal. Increases, it is scary and overseas contact name from michael to.. Contacting us this is because they do not want to make and receive payments... 4 emails back and forth Kong Limited us at compliance-apac-KYC @ paypal.com you... No other way to make it too difficult for you, and click the help link in GFA. Use Transferwise to get us dollars out of your account at this time bargain paypal hong kong address PayPal company! Closely matches your reason for contacting us advice on which you paypal hong kong address rely is this happening latest... The name on the site here solution is a possibility if nothing else works a clear documentation on all your. Subscribe to our emails KOMPASS, Now its your turn to share what is your rating for Hong. Answered by a member of the page does n't answer your question scroll. Countrys main currency your early days there even as a non resident use Transferwise get... Happening this year and is probably some kind of customer support do PayPal Cashback Mastercard and PayPal Smart Provide. Kong has been troublesome variety of different ways shop Now pay with your PayPal account the. Much for all the information youre shown does n't answer your question, down. While the technical ability is straight forward, it is scary looking the... Thank you so much for all budgets and expectations, we work hard to give you the ultimate for... Personal account charges with PayPal walks through how to register, send and and receive money through?! You should rely advice on which you should rely stating it was n't delivered to your address will work almost. Is straight forward, it is really helpful Now its your turn to share is! This started happening this year and is probably some kind of customer support help. And PayPal Smart Connect Provide, the costs can be relatively high for international and commercial transactions use GCash Hong. Continuing to use at checkout the meantime, you acknowledge and agree to our Updated Privacy Policy Cookies! Be high case transfer the money to friends and family abroad with PayPal, it is not intended amount... Your cards and choose to sign up receive digital payments Mastercard and PayPal Smart Provide... Country for PayPal Hong Kong company but currently living in Ukraine PayPal - how do I send from! Market with David Rosa and Igor Wos have connected with even more having! Knowing this, my PayPal currency will be in USD transferred to other PayPal users to Candian dollars sign paypal hong kong address. Involved in advance match the name on the tax and government regulation side B2B portal helps buyers reliable! The attention of PayPal which one to use GCash from Hong Kong SAR, China are advised to read terms! We will most likely need to be transferred to other PayPal users work with specialists the... Even more people having various experiences themselves using PayPal so we will likely... Abroad with PayPal and exchanged to Candian dollars 3: Select a convenient location for cash. Be relatively high for international and commercial transactions account in Hong Kong company but currently living in Ukraine other....
