Request a call back from our sales experts today. The reason you get this is it is a true merchant account. 2 people found this solution to be helpful. Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe. 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 discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! To collect payments through email, social media, and instant messages, you can use a PayPal link. Please help us finish this process by completing the following steps. The currency conversion rate is extremely bad at ~2.5%. To receive personal payments, the recipient does not usually have to pay anything. and got this email: 10 hrs ago service@paypal.com.hk started the conversation. I hope everyone has a wonderful weekend! 2. 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. This started happening this year and is probably some kind of updates in regulation and anti-money laundering. PayPal business accounts also known as merchant accounts have separate personal account charges with PayPal. Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM*. GFA has full service options for various specialties below. If you receive an in person payment using a QR code, in HKD, youll pay an extra HK$0.80. This is because they do not want to make it too difficult for you to get started selling on Paypal in your early days. Paypal Pro is a common account option in the US and UK and other countries, but not as common in Hong Kong. I have a HK PayPal account, but I cant use a mobile number from a different country on the account. Choose the issue that most closely matches your reason for contacting us. PayPal - What payment methods can I use with PayPal? Wan Chai Hong Kong. To help you find the best possible way to make your international payment, weve compared PayPals rates and fees with an alternative provider - Wise. From setup, to banking, credit cards, merchant accounts, cash flow, upkeep, operations, and more! By browsing this website, you consent to the use of cookies. Crazy. Most people do not know it exists, and the link on Paypal Hong Kong's website to apply doesn't work. Ok, but seller want it sent to Hong Kong. Subject: Your identity confirmation is now complete. 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. The form requires me to have me to identify my address as well an Id card with signature. 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. If you need to request a payment from someone, you have a couple of different options. - Meghan. If you have a problem with your PayPal account, the first thing to do is head over to the PayPal Contact Us page. HI Chaze, A lot of our clients are getting this as well as myself personally. so my account does not interrupted ??????? We are offering Paypal Full Verified USA Paccount With All docoments We will give you Vitural Bank Account VCC USA Number USA Paid Ip Google voice account Gmail account Paypal Account We also selling ebay account and if you need walmart any product you will give you 15% discount No Tex. While you cant connect it to the European bank, we have some resources who can manually collect for you and wire it over. Thank you so much for all the information on your blog, it is really helpful! If you transfer your current bank account to use your Hong Kong address, you should receive your next bill at your Hong Kong residence. It is a hot topic that people want to connect their Paypal Hong Kong to non-Hong Kong banks. Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) Youll pay a fee for the transfer, and an extra charge if it is funded in part or full using a card. Welcome! (Hardest time/ task ever just to get my money back). The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. Of course, based on whatever currency you are relying on the fixed fees are different. You will need to visit the PayPal Hong Kong website and follow the measures outlined to get in contact with PayPal. Well also cover currency conversion costs and fixed fees a little later on. Pingback: The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos. While the technical ability is straight forward, it is complicated on the tax and government regulation side. Also check out Global From Asia Reviews for more options and alternatives we add as many as we can on a regular basis! Click here . GCash offers a range of services including mobile wallets, mobile payments and branchless banking. These are the basic steps to setup in Paypal HK: Congratulations, you now have a verified Paypal Account! 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? The level of verification you get through this process, is it ok to handle roughly 5 to 10k per month on it? 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). For applying Website Payments Pro Hosted Solution (HSS), you need to get in touch with a Paypal Hong Kong representative through the contact forms. Well look at this in more detail later. I will look into Twilio though as it wasnt the one I was looking at. Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. like 3% ish total? Pingback: Using HK for your Affiliate Marketing Business. Please contact us for details for now. 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. A payment was posted from my individual PayPal account to <removed>, LIMITED on July 6. Enter your address information and click Save. It is in another name! Tap Message Center . My question is, i m planning to open with paypal HK, will they lock my account too if they "think" it is suspicious, and the charging rate is also a lot higher in HK compare to US, it is almost 4%-5%. 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? Is it free or there is a fee any idea? Activity, company ), Click on one of the icons to share the company. 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. 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. From my experience the quick answer is No. Cant get farther response from Pp.. Learn more here. You can also make a payment if your recipient sends you their personal PayPal.me link. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. PayPal isnt the only way to make and receive digital payments. WHO ARE THESE PEOPLE AND WHY IS THIS HAPPENING? Thanks for completing your identity confirmation. Heres another message from one (can I say?) I need help with money transfer from my paypal or verification if possible. PayPal automatically puts in the HK country code before a mobile number. How do you know if your Paypal account is actually verified? 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. A Solution for the Hong Kong Banking Nightmare? New to the community? kq bong da nam,We are a leading research university driving discoveries to address global challenges, educating the next generation of leaders and partnering with communities to create healthier, more sustainable futures for Michigan and the world. - Copyright 1999-2017 PayPal. You can create a PayPal account for free and start receiving payments almost instantly. But I have talked to Paypal about this many times they dont seem to want to budge. I recommend contacting Customer Support to see if any other options are available for your case. 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). Also, I have an extensive guide and listing of Hong Kong Merchant Accounts and I try to update it regularly. Just read that you can open a business multi-currency bank account at HSBC HK. Also, you can understand that you will still need to account for currency exchange rates on that too. My guess is we need to keep the HK company open and create a sellers contract, but sure would be nice to simplify. With our independent end to end payment network, Aurelia Pay delivers payment within the same business day with competitive, fair and transparent FX rate. What information do I need to link my HANG SENG BANK account to PAYPAL? Depending on the issue and whether or not you're logged in, you'll see an option to message us, call us, use the PayPal chatbot, or ask . Our Store Open Hours ( HKT, GMT +08:00)- Local Sales : Monday~Friday From 1:00pm~7:00pm [Please Contact us by Phone / Whatsapp / website inbox, If you need to order and Pay in Shop. This guide walks through the costs of making an online money transfer with PayPal, including the upfront charge and currency conversion fee. Pingback: Hong Kong Needs Stripe Merchant Account Services! What payment methods can I use with PayPal? The PayPal Fee Calculator is easy to use, with a user-friendly interface that allows you to calculate fees for various types of payments, including merchant accounts, standard fees, personal payments/sales (domestic and international), micropayments, non-profit, PayPal Here (tm) fees, and virtual terminal fees. Seller advertised that they are located in Canada on Facebook. All rights reserved. I also wanted to say congratulations on your recent milestone of over 250,000 posts! Keeping your personal and financial information safe is vital to us and we wont share it with anyone else. Pretty scary right! Please refine your search by(Localization + What, who? Check out our complete guide to registering and using PayMe from HSBC. Each country for Paypal operates in that countrys main currency. POA (Proof of Address) is not required for getting this level of verification in Paypal. Good work, really good work driving your customer away. '', 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.''. Sources last checked on 14-September 2020. just wanted to say fantastic resource Mike! Purchase a This is in the form of a markup added to the exchange rate. .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. Before you send an international payment with PayPal, make sure you understand the costs involved. You can also check for my latest podcasts on Paypal and other merchant accounts on the site here. Is multi-currency banking not an option? PayPal is a convenient way to shop online and send and receive some payments. Do you see any way around this fee? 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 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. This includes entering your bank account details and confirming 2 minor test transfers received by PayPal into your account by testing them. The data we collect are only those necessary for the proper use of our service. People need to have some local HK connections nowadays to best do it. 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. anyone overcome this crazy conversion rates? Permanent ID copy of person(s) signing the Authorized letter AND each authorized signer. More updates from Sam. And this is for my own account but finally I got everything straight (phew!) Thats annoying as Id be exchanging twice which seems like such a waste of money. The main issue is proof of address and phone numbers. Signing up is pretty straight forward like any other Paypal in the world. 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. Interested in the TNG Wallet Hong Kong? Here youll find a range of resources including FAQs and community solutions. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. 2. The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . color: #ffaf00; Another Option To Send Transfers Within Asia. 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 Another solution is try to not withdraw any. 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