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. streetAddress: Suite 1506-7, Central Plaza 18 Harbour Road http://www.paypal.com Members Steven Chan Senior Director Michelle Chui Head of Government Relations, Hong Kong, Korea & Taiwan F T Tim Fu Country Manager, Hong Kong, Korea and Taiwan Zita Fung Senior Manager L C Claudia Lam L B Belinda Lee Team Lead (HK, S. Korea, Taiwan) L G Gordon Liu If you cant find the answers to the questions you have, youll be guided to send a secure message online via the PayPal website. (The documentation does not need to show the address where the item was actually sent. this is the last part that is needed. Pingback: The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos. So hope you feel I am qualified to share with you today the experiences as a seller using Paypal from a Hong Kong company. PayPal automatically puts in the HK country code before a mobile number. The currency conversion rate is extremely bad at ~2.5%. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. So, in the PayPal account, your clients can easily pay and you can even accept payments from other marketplaces, including Amazon and others. If Paypal insists on banking HKD only, why not simply m=have a merchant account that feeds into my HK account in the currency in which it is received? Want to save with international transfers? To give an example, if you receive an online commercial payment in HKD, there is an extra HK$2.35 to pay. * This number, only available 3 minutes, is not your correspondants number but the number of a service putting you through to that person. 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? General Policy for the Protection of Personal Data. Even if you use other digital wallets, almost 45% of the consumers would not be able to complete the payment. Legal Address. Those usually begin with a 44, Pay, shop, and do even more on the PayPal app. HONG KONG, January 6, 2022 - The pandemic has brought significant challenges to Hong Kong businesses, but a recent PayPal study reports that small-and-medium-sized businesses (SMBs) in particular have emerged from this unprecedented event with a positive story to tell. POA (Proof of Address) is not required for getting this level of verification in Paypal. Check it out! very cool tip thanks for that Cherry! keep us posted. just wanted to say fantastic resource Mike! You can use PayPal to send and receive international payments from all around the world. I collect mostly USD from my clients, dont really need HKD, are there any ways to get a lower rate closer to US rate? Please contact us for details for now. This mailbox is not monitored and you will not receive a response. Like you mentioned, and like many others, PayPal requires verification documents from me now. 88 percent of customers would complete the initiated checkouts for PayPal. So we will most likely need to charge in USD. The name of the sender is supposed to match the name of the Paypal account holder. This means, you could cheat them by disputing the transfer. We appreciate your patience and thank you for your help in making PayPal the safest and most trusted online payment solution. 1. However as you mentioned, if I were to withdraw my credit from paypal to my HSBC account with foreign currency active, is there anyway i can directly just withdraw the USD instead of converting into HKD? 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. }, 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. I would also be very interested in the answer to this question. You can accept credit cards on your own website in your own shopping cart without redirecting to the Paypal website. This guide walks through how to use GCash from Hong Kong. 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. Of course Paypal wants you to grow and succeed, that means they are making more money too! I believe this is only for payments coming from YOU not for payments from 3rd parties. I have been very successful for a few years now using my Paypal HK Account with zero interruptions, until now. 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. 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. *Fees correct at time of writing - 31 August 2020. However, there may be charges which the sender has to cover. Room 1506-07, 15/F, Central Plaza Shopping online has never been this easy. Its hardly the mid-market rate that they give. It is jam packed with everything you need to know from setting up your Hong Kong limited company. Further to these requirements, we need to collect additional information from you. Choose the issue that most closely matches your reason for contacting us. Find the address you want to update and click Edit. anyone overcome this crazy conversion rates? Just go over to the website for PayPal Hong Kong and choose to sign up. Go to our Contact Us page. Youve already completed the following actions as part of our review: Weve received acceptable copies of the following documents or information: -> Identification document -> Proof of business address document -> Business registration certificate -> Letter of authorisation -> List of the beneficial owners and office bearers of your business -> Identification documents of the benficial owners. I personally dont withdraw much of the funds from Paypal to avoid the currency conversion. . 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 . Topup from paypal account should be no problem. What about migrating a Paypal account to HK? Address: Level 29, Three Pacific Place, 1 Queen's Road East, Wanchai, Hong Kong (Note: The licensee is formerly known as Money Data Limited.) You can also keep earning rewards from your favourite cards^.Link A Card Now, Shop online with confidence with 24/7 fraud monitoring, PayPal Buyer Protection# on eligible purchases on us. Tags: banking, guide, hong kong, merchant account. Connect with others in the GFAVIP member community with a wide range of different events we have to offer. I got the automated email titled "You sent an automatic payment to <removed>. * 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. The reason you get this is it is a true merchant account. Its painful I know.. It is not intended to amount to advice on which you should rely. Thats annoying as Id be exchanging twice which seems like such a waste of money. Our answer? Learn more and manage your cookies, Fix transaction and account related issues, Join the discussion with PayPal customers, Get help with using any of our PayPal products, Find out how PayPal works for your business. The withdrawal of HKD from your local PayPal account back to your HK bank account is only free of charge if you withdraw more than HKD1,000. If you have a problem with your PayPal account, the first thing to do is head over to the PayPal Contact Us page. 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. 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. Hello Mark! You will need to visit the PayPal Hong Kong website and follow the measures outlined to get in contact with PayPal. The main issue is proof of address and phone numbers. 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. They have given me the option to transfer payment using PayPal. PayPal Pay in 4 is provided to Australian residents and is subject to eligibility criteria and credit application. '', 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.''. Why this number ? Our review is now complete. Im still interested in hearing about any solutions people are using. This guide walks through all you need to know about receiving PayPal money transfers, and also highlights a smart alternative if youre getting paid from overseas - Wise. Good work, really good work driving your customer away. 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. 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. Dont know who you are but why yall talking money out my account, Pay, shop, and do even more on the PayPal app. Request a call back from our sales experts today. 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 ? Check out our complete guide to registering and using PayMe from HSBC. I hope everyone has a wonderful weekend! They supposedly sell virus software (which I have never had.) 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? Relationship Start Node Node I D. 549300SKO1BSTONRKQ46 . This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. More updates from Sam. my pleasure! 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 . UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. From my experience the quick answer is No. Ok, but seller want it sent to Hong Kong. Youre right. Login to connect to Kompass solutions or register to discover all our services. How to sign up for a PayPal business account in Hong Kong You can open your PayPal business account online. Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. Reviewing Neat Online HK Business Banking & Connect Your Paypal/Stripe - Product Reviews, A signed authorization letter to handle the PayPal Business Account (Paypal Sales Rep will attach it). Great pictures of items at bargain prices that turn out to be tat.5. Pretty scary right! Your article here seems to say you dont need to be, but that clashes with what I have read other place. Level of verification in PayPal from PayPal to avoid the currency conversion need visit! 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