1999-2023 PayPal, Inc. All rights reserved. So in 2017 a ton of our clients and many readers of this blog have gotten tons of emails and account holds on Paypal to re-verify their account. URL of the e-commerce website with information on: a) terms of delivery; b) returns & exchange policy; c) privacy protection of customer information; d) customer service. I have been very successful for a few years now using my Paypal HK Account with zero interruptions, until now. Unless you like having your money arbitrarily frozen periodically. * 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. But all funds coming in will be converted to HKD automatically. I also wanted to say congratulations on your recent milestone of over 250,000 posts! (The documentation does not need to show the address where the item was actually sent. Simply head over to the PayPal Hong Kong website, and click to sign up. 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 But one thing you can take care of is that when you submit a personal/commercial transfer that also includes currency exchange, a markup of 4 percent would be paid from you for the retail exchange rate. The past year and change has been a lot of challenges for all of us. It is called Paypal Hosted Solution, HHS. Check that for the most up to date information on companies. Contact Us Create a free Business Account 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. how can I get around this. Well look at this in more detail later. For any enquiries or asking for Wholesale A irsof t Products Whatsapp: +852 67464676 Facebook messenger: Sixmm. Each country for Paypal operates in that countrys main currency. 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. The payments will though, be a slight bit higher for U.S. accounts. Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? 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. Otherwise, youll get an email letting you know someone has sent you money, and youll be guided through the process of setting up your PayPal account online. 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. Just discovered i have been swindled out of $39.99 a month since January 2022 from this company for i have no idea what!! 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 ? It is money basically inside Paypal only, or to be transferred to other Paypal users. 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. Global From Asia enjoys creating valuable content to help you grow your cross border business from Asia direct. There will only be a nominal fee of HKD3.5 to pay for your bill. Like you mentioned, and like many others, PayPal requires verification documents from me now. Pingback: The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos. Posted on. Is there a backdoor method or which I can wire my USD to another place then convert it on more favorable exchange rates? The data we collect are only those necessary for the proper use of our service. The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. For the kind of transactions you make, it is necessary to use the right PayPal account otherwise you risk locking or closing your account. This is a small charge set according to currency. But PayPal isnt the only way to make and receive digital payments. Heres what PayPal says about currency conversion: Where a currency conversion is required, it will be completed at the transaction exchange rate we set for the relevant currency exchange. 3. 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. Just to withdraw that money? Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. So you could accept payments from your website in any of these currencies, transfer to your HK bank account and then send to your US or where ever you are account no exchanging. Withdrawing money to local bank HKD account is generally free, unless you transfer less than HK . any suggestions would be appreciated. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. * 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. Heres how to edit your address: 1. So like many commenters below, it is scary! Request a call back from our sales experts today. However, the costs can be relatively high for international and commercial transactions. It is linked to Hang Seng Bank Hong Kong..all in HKD. Thank you for your understanding and support. 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? 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. Company directory and business data solutions. Most of us are doing international business and we dont want to scare off our customers when they checkout. anyone overcome this crazy conversion rates? Find out more about PayPal for Business by calling our sales team, +852-3550-8584 Monday-Fridays from 9:00AM to 6:00PM*. Hello Mark! Sources last checked on 11-September 2020. Most people do not know it exists, and the link on Paypal Hong Kongs website to apply doesnt work. 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. I got the automated email titled "You sent an automatic payment to <removed>. Representative-Hong Kong/ Worldwide Areas. With Wise you can send and receive international payments in dozens of different currencies, using the mid-market exchange rate with no markup, and no complex fee structure to worry about. The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. No contact telephone number. Learn more here. The goal is to show how strong the Company and/or Group is financially. It is not intended to amount to advice on which you should rely. Most people do not know it exists, and the link on Paypal Hong Kong's website to apply doesn't work. Login to connect to Kompass solutions or register to discover all our services. 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? I am temping for a company based in UK for an ad-hoc job. As business owners, we all have a love and hate relationship with Paypal. Legal Address. *Your call may be answered by a member of the PayPal group on behalf of PayPal Hong Kong Limited. I will move HK this month anyway. If the information youre shown doesn't answer your question, scroll down. If you need to reach us, simply click Help on any PayPal page. Fake reviews.6. 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. You may contact a Business Consultant in Paypal HK. Financial regulations around the globe are getting harder not easier. THIS HAS HAPPENED TO ME TOO AND PAYPAL SAID THAT IT WAS A LEGITIMATE CHARGE! 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. To withdraw money from your PayPal HK account to your Hong Kong bank account, you must do this in HKD (Hong Kong dollar) currency. The currency conversion rate is extremely bad at ~2.5%. I personally dont withdraw much of the funds from Paypal to avoid the currency conversion. color: #ffaf00; 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. The name of the sender is supposed to match the name of the Paypal account holder. Click Update beside Address. 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). So we will most likely need to charge in USD. 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. 2. This Paypal guide will be regularly updated as I get more feedback and learn more from my own experience as well as clients. Only thing I can think of is to send the USD to a non-HK paypal account and withdraw it from there. Teri12345. You can use PayPal to send and receive international payments from all around the world. 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. 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. 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. Im still interested in hearing about any solutions people are using. It's been one of the most popular online payment services for years, which is why it's such a popular target for phishing scams. 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. Im waiting to hear back from PayPal now because I need the money since Im not getting the product. What kind of customer support do PayPal Cashback Mastercard and PayPal Smart Connect provide? Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe. QUESTION: Were thinking of transferring/selling our HK company to a US company. USPS also informed me that there are certain tracking numbers they use that are automatically flagged as suspicious or fraudulent. Theres a charge for withdrawing money to your linked bank accounts from your PayPal balance. 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. 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. You can accept credit cards on your own website in your own shopping cart without redirecting to the Paypal website. Our review is complete and we have returned your account to regular standing. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. Another Option To Send Transfers Within Asia. 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. 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. Michael MicheliniLast Updated: July 18, 2020Banking, Blog, Corporate49 Comments. 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 . But stay positive and make steps forward each day! If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. Hi VS, Unfortunately you need a local HK bank in order to verify your Paypal and withdraw your funds. The trick is, to getting it verified to withdraw the money to a bank account. 6. very cool tip thanks for that Cherry! We have a Remittance Partner Recommendation. What payment methods can I use with PayPal? The details, per the email: "CSP-Basic Storage 7 days and . 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. A few years now using my PayPal HK website, and the link PayPal! For an ad-hoc job show the address where the item was actually sent as business owners, all! Credit cards on your recent milestone of over 250,000 posts will be regularly updated i... Publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates a method... 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