I recommend contacting Customer Support to see if any other options are available for your case. In as much as we would want to say, yes we found a solution, well, we didnt. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated 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. @Beccadsmokes, I understand that you haven't received your item yet, and I'm sorry to hear that. The data we collect are only those necessary for the proper use of our service. 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. Why this number ? Generally, with whatever currency your account holds, theres not a fee charged for sending money from your PayPal account. Shopping online has never been this easy. Knowing this, my paypal currency will be in USD. PayPal Pay in 4 is provided to Australian residents and is subject to eligibility criteria and credit application. Check the costs compared to a specialist alternative like Wise, to make sure youre getting the best deal available for your international transfer. 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. Wan Chai Hong Kong. RD Wallet Technologies Limited. Shopping online has never been this easy. 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? To get in touch with PayPal Hong Kong, youll need to head over to the PayPal website and visit the help centre. For assistance, log in to your PayPal account and click the Help link in the top right corner of any PayPal page. 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 ? Yet, the Hong Kong business owner was in mind when I wrote this. 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. To transfer payments to all of your consumers or clients, you do not even need a PayPal balance. QUESTION: Were thinking of transferring/selling our HK company to a US company. It is a hot topic that people want to connect their Paypal Hong Kong to non-Hong Kong banks. It is money basically inside Paypal only, or to be transferred to other Paypal users. If you are a purchaser, improve your value chain to find the right B2B suppliers worldwide using the uniquely detailed Kompass Classification. Hi! Youll first be guided through these to try to find the answers to your questions independently. You can add USD bank accounts to HK Paypal, and withdraw at Xero fee. 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. The fees vary for each payment type, so its good to know the full range of costs involved in advance. This guide is useful for a Paypal international account anywhere in the world, not just in HK. Check out our complete guide to registering and using PayMe from HSBC. 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. The paypal account has been linked successfully with two small payments from paypal identified. 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. I actually use Stripe to accept USD and pay to my USD bank account with HSBC in Hong Kong. As your sales volume increases, it also gets the attention of Paypal. very cool tip thanks for that Cherry! By browsing this website, you consent to the use of cookies. We're glad you have joined us. I just go through the steps and answer their questions you dont need a HK ID a passport is ok, what part of the form are you having issues with? If you open a Paypal HK account, youll need a HK bank account to link it to! Now I think the options really are to send the money to another user (for a fee) or converting to HKD and sending to your Hong Kong bank. Representative-Hong Kong/ Worldwide Areas. Welcome! Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. 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? Just go over to the website for PayPal Hong Kong and choose to sign up. 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. 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. There is now no penalty for setting up the PayPal business account, or recurring payments, or anything like that for the great thing with PayPal business accounts (a.k.a. Posted on. I use Transferwise to get US dollars out of PayPal and exchanged to Candian dollars. If the information you're shown doesn't answer your question, scroll down. Any specific info youll need to enter include: You will then get an email with confirmation. 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. 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. Discussing with a Paypal Hong Kong representative (tried to get her on the podcast many times, but their PR is a bit strict) and she said that Paypal will ask for more verification of the business as the sales grow. PayPal isnt the only way to make and receive digital payments. What payment methods can I use with PayPal? Each country for Paypal operates in that countrys main currency. (Hardest time/ task ever just to get my money back). In compliance with regulatory requirements in your country, we need to confirm your identity as the account owner. Sorry you mentioned this in your article. 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. Before you send an international payment with PayPal, make sure you understand the costs involved. That constitutes proof of address and will work for almost every case. Room 1506-07, 15/F, Central Plaza Open, click and follow the links in this message to get started. like 3% ish total? - Tommy PayPal Merchant Reactive Risk The Ultimate Paypal Hong Kong Guide (Get Verified, Stay Safe) Tuesday, August 6, 2019 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. TNG Wallet Hong Kong: Your Ultimate Guide, Faster Payment System (FPS) Hong Kong: Your Complete Guide, Alipay Hong Kong: Everything you should know, WeChat vs Alipay HK: Which one is better for your needs? Check out AureliaPay now! For instance, if you withdraw USD from your Hong Kong PayPal account to your U.S. bank account, you would have to pay an additional withdrawal charge of 2.5 percent for that. SVF0008. However, the costs can be relatively high for international and commercial transactions. 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. 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. If you have a problem with your PayPal account, the first thing to do is head over to the PayPal Contact Us page. Subject: Your identity confirmation is now complete. 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. The fee is, as you say, crazy. 1999-2023 PayPal, Inc. All rights reserved. Most people do not know it exists, and the link on Paypal Hong Kong's website to apply doesn't work. Jul-08-2020 04:37 AM. They dont need Paypal in order to pay you the problem will be when you want to get the cash out of Paypal. Just go over to the website for PayPal Hong Kong and choose to sign up. Options. From Asia corporate services to internet marketing and training, we have you covered. How easy it is to withdraw funds transferred into PayPal? basically do whatever possible to NOT use/ accept paypal. If you are thinking about pushing more transactions per customer, then you might want to take that into consideration buyers would not pay interest if they pay full price on payments above $99 in 6 months period. Shop Now Pay with your preferred card Link all your cards and choose which one to use at checkout. Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. Use the funds for your operating expenses on hosting, services, and other items. RFU form (Application form they will attach). I received a notice Youve reached a usage milestone, wherein youve used your PayPal balance to send payments exceeding $5000 SGD in a year. 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. Please do not reply to this email. Here youll find a range of resources including FAQs and community solutions. 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. Of course Paypal wants you to grow and succeed, that means they are making more money too! Step 3: Select a convenient location for easy cash pickup, including Lulu Financial Services (Hong Kong) Limited. From setup, to banking, credit cards, merchant accounts, cash flow, upkeep, operations, and more! Is multi-currency banking not an option? Chances are you may need to use various foreign currencies with your PayPal business account if youre doing business in other nations. By browsing this website, you consent to the use of cookies. I would also be very interested in the answer to this question. 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). This is so you only need to convert the funds once. 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. China - Mainland, Hong Kong, Macao, Taiwan regions; . Hello @Fred20051, @kernowlass, and @Beccadsmokes,First, thank you for that great information, @kernowlass. Fraudulent Payment to AJCLOUD HONGKONG CO, LIMITED. Hi, I started an eCommerce company in Hong Kong and am sorting out the bank stuff now. How to sign up for a PayPal business account in Hong Kong You can open your PayPal business account online. Please refine your search by(Localization + What, who? The "PayPal Merchant Reactive Risk" staff spend more time asking me to take the business elsewhere than helping me to anticipate the review process. Thank you so much for all the information on your blog, it is really helpful! New and existing customers looking for set up, technical and account support. You will need to visit the PayPal Hong Kong website and follow the measures outlined to get in contact with PayPal. I need help with money transfer from my paypal or verification if possible. Want to save with international transfers? 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. Heres what you need to know. If you find out otherwise please let me know. By continuing to use our services beginning May 25, 2018, you acknowledge and agree to our updated Privacy Policy and Cookies Policy. View all Cash Pick-up locations General Policy for the Protection of Personal Data. Choose which one to use our services beginning may 25, 2018, you consent to the website for Hong. Getting the best deal available for your operating expenses on hosting, services, and @ Beccadsmokes, i that!, Taiwan regions ; PayPal app locations General Policy for the Protection of Personal data touch with PayPal Kong. Central Plaza open, click and follow the measures outlined to get in touch with PayPal Hong Kong can. Paypal international account anywhere in the top right corner of any PayPal page PayPal and! Were thinking of transferring/selling our HK company to a US company website and follow measures. Were thinking of transferring/selling our HK company to a US company operations and. 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