QUESTION: Were thinking of transferring/selling our HK company to a US company. 2. Well walk through the features, fees and limits of the TNG Wallet and TNG Wallet Mastercard. If you send money overseas with PayPal, youll usually need currency conversion so your payment is made available to your recipient in their local currency. Heres what you need to know. 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? If you find out otherwise please let me know. Aurelia Pay is a leading cross border payment service in South East Asia, Hong Kong and Greater China. It is availble on transactions between AU$30, and $1,500 and can impact a . Please read our Community Rules and Guidelines, Pay, shop, and do even more on the PayPal appGet the App. Find the address you want to update and click Edit. 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. Enter your address information and click Save. I have a HANG SENG BANK account. But PayPal isnt the only way to make and receive digital payments. Check with your bank and make sure they allow Hong Kong addresses (or foreign addresses in general). 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? If youre concerned about opening up a business account here in Hong Kong, it could be on the top of your to-do list to get the processing work sorted by getting a PayPal account ready for your customers. But is that scheme allow my users to pay via their bank cards (if they dont have paypal accounts)? Interested in the TNG Wallet Hong Kong? By browsing this website, you consent to the use of cookies. SVF0008. 04/11/2016. 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? He hasnt seen the site asking for the fee, and saw that they havent implemented it (yet) lets keep up on the pulse let us know. Our review is now complete. Could you please advice can I accept PayPal/bank card payments from my B2B customers (worldwide) if: my business incorporated in Hong Kong, but business bank account opened in Switzerland bank ? Hello @Fred20051, @kernowlass, and @Beccadsmokes,First, thank you for that great information, @kernowlass. 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. Tap Message Center . 1999-2023 PayPal, Inc. All rights reserved. Before you send an international payment with PayPal, make sure you understand the costs involved. From my experience the quick answer is No. 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. 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. This is because they do not want to make it too difficult for you to get started selling on Paypal in your early days. The fees vary for each payment type, so its good to know the full range of costs involved in advance. if you click on contact the most you will get is webmail or an email address.3. Address: Rm 1506-07 15/F CENTRAL PLZ 18 HARBOUR RD Wan Chai Hong Kong See other locations Phone: Website: www.paypal.com/hk Employees (this site): Modelled Employees (all sites): Modelled Year Started: Incorporated: ESG ranking: ESG industry average: What is D&B's ESG Ranking? I use Transferwise to get US dollars out of PayPal and exchanged to Candian dollars. 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%. Simply head over to the PayPal Hong Kong website, and click to sign up. If you need to send or receive an international payment online you could be better off using a specialist service like Wise. This service is produced by Kompass. How do I send payments from the PayPal app? But after several attempts of negotiation, we surrender. Not even my address, I figured going through Facebook and sending positive reviews that it was pretty reputable. Hi Enoch, The only way I know is to send as a friend payment to someone else who has a USD denominated account. PayPal is a convenient way to shop online and send and receive some payments. Contributor. Theres just a transparent charge per transaction, and you can see upfront exactly how much the recipient will get. Taking money out is a rather tricky part. Check out the below media formats we currently have and are constantly finding more ways to share knowledge and connect with you. 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. These are the basic steps to setup in Paypal HK: Congratulations, you now have a verified Paypal Account! Only by demanding an electronic transfer to it can you directly transfer the money from the bank account to which you connect. Prior results do not guarantee a similar outcome. If you need to reach us, simply click Help on any PayPal page. Most of us are doing international business and we dont want to scare off our customers when they checkout. Check it out! 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. and got this email: 10 hrs ago service@paypal.com.hk started the conversation. irate user about withdrawing USD. The process for receiving money using a PayPal money transfer, or through PayPal commercial payments online or in person is straightforward. (The documentation does not need to show the address where the item was actually sent. Learn more here. Check out Wise as a smart, simple way to cut the costs of sending and receiving money from overseas. However, for your company, the PayPal exchange rate is not necessarily the most cost-effective alternative, there is a more affordable choice that allows you to do the same or even more purchase options at a lower price. Click Profile and settings. Hi VS, Unfortunately you need a local HK bank in order to verify your Paypal and withdraw your funds. 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. 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 well as paying a transaction charge, there is a fixed fee charged for receiving most commercial payments. Prior results do not guarantee a similar outcome. THIS HAS HAPPENED TO ME TOO AND PAYPAL SAID THAT IT WAS A LEGITIMATE CHARGE! We get letters like this: I was wondering if you guys know if I can link a European Bank account to the HK Paypal account. This is why they will have to trust you if you ask them to receive your Paypal in exchange for cash or bank transfer. Its worth noting that the currency conversion charge laid out above will also apply if you need to switch currencies as part of the withdrawal. If you receive an in person payment using a QR code, in HKD, youll pay an extra HK$0.80. You can also check for my latest podcasts on Paypal and other merchant accounts on the site here. I need help with money transfer from my paypal or verification if possible. The currency conversion rate is extremely bad at ~2.5%. Not sure if Skype in has text message capabilities? My guess is we need to keep the HK company open and create a sellers contract, but sure would be nice to simplify. Introducing Neat - Online HK Business Banking & Connect Your Paypal/Stripe, The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos, Neat HK: A Solution for the Hong Kong Banking Nightmare? color: #ffaf00; All the lines are busy at the moment, please try again in a moment. Youll pay an upfront fee, as well as a currency conversion cost. Today well talk about using Paypal in Hong Kong. Just read that you can open a business multi-currency bank account at HSBC HK. If it's this Android app, that points directly to some dark interface design they're . Yet, you can remain unverified with a bank account. Hi. And as a member in Dynamite Circle I have read and engaged with many members in there with various experiences. 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. 15th Floor Central Plaza 18 Harbour Road Rooms 1506-07 Wan Chai HK. If you have any problems with your payment, please contact PayPal customer service Open a new window. If you cant find the answers to the questions you have, youll be guided to send a secure message online via the PayPal website. 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. This guide walks through the costs of making an online money transfer with PayPal, including the upfront charge and currency conversion fee. Heres a run down by PayPal account type. You can add USD bank accounts to HK Paypal, and withdraw at Xero fee. 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. Step 3: Select a convenient location for easy cash pickup, including Lulu Financial Services (Hong Kong) Limited. You can open your PayPal business account online. Were still unable to complete the review process of your account at this time. Hong Kong Needs Stripe Merchant Account Services! Since they're. Does anyone have any good solutions? UPS refused and stated address is fraudulent and would cost over $100 to send more than what I paid for merchandise. GCash offers a range of services including mobile wallets, mobile payments and branchless banking. 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? The information in this publication does not constitute legal, tax or other professional advice from TransferWise Limited or its affiliates. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. 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. Having a contact inside Paypal is very helpful as many people are always so nervous if their account gets locked or frozen and dont know what phone number to call for Paypal customer service! While adding a markup to currency exchange rates is common, not all providers do so. How easy it is to withdraw funds transferred into PayPal? Its painful I know.. This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. Sorry you mentioned this in your article. No surprises and no hidden costs. To convert the foreign currency into the local currency of your PayPal account, you will then also pay a markup of 3 percent on the currency exchange rate. Representative-Hong Kong/ Worldwide Areas. This Paypal guide will be regularly updated as I get more feedback and learn more from my own experience as well as clients. Note: If you are signing up overseas (Outside of Hong Kong) You may want to put in the Hong Kong TLD extension, or click this link for Paypal Hong Kong. Cancelled the subscription from within paypal but i will definitely be following up with a formal complaint. Pingback: A Solution for the Hong Kong Banking Nightmare? Check out AureliaPay 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. 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. By the way thanks for the Blog it makes me feel not alone. Discover it now, Receiving a domestic personal payment, funded by PayPal balance or linked bank account, No fee if paid out in HK$ - currency conversion fee may apply otherwise, Receiving a domestic personal payment, funded by credit or debit card, Receiving an international personal payment, funded by PayPal balance or linked bank account, Receiving an international personal payment, funded by credit or debit card, Receiving a domestic commercial payment online, 3.9% + fixed fee + currency conversion fee if applicable, Receiving an international commercial payment online, 4.4% + fixed fee + currency conversion fee if applicable, Receiving a domestic commercial payment in person using a QR code, 1.2% + QR fixed fee + currency conversion fee if applicable, Receiving an international commercial payment in person using a QR code, 1.7% + QR fixed fee + currency conversion fee if applicable, Fees are subject to a cap by currency. It that case I will have to use Paypal As Your Main Bank For Hong Kong scheme described by you in the article. In the meantime, you can still open and operate with a Paypal HK account. Your HSBC e-statement should enough. 2888240). Seller advertised that they are located in Canada on Facebook. Please contact us for details for now. Withdrawing money to local bank HKD account is generally free, unless you transfer less than HK . Step 4: Easily pay with Paypal, bank account, credit card, or debit card. It is not intended to amount to advice on which you should rely. Why this number ? Legal Address. 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. 2211 North First Street San Jose US-CA US 95131. . How to stop this scam: HONG KONG SOOUYA TECHNOLOGY LIMITED. And this is for my own account but finally I got everything straight (phew!) Choose the issue that most closely matches your reason for contacting us. Like you mentioned, and like many others, PayPal requires verification documents from me now. 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. Hello Mark! If you need to send or receive an international payment online you could be better off using a specialist service like Wise. my pleasure! PayPal Hong Kong Limited. keep us posted. More on that, later. So, I hope this article on Paypal can help you! Thanks for your fast response. Pingback: Neat HK: A Solution for the Hong Kong Banking Nightmare? 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 If youre an eligible PayPal business account holder, you might also be able to use a custom made link from PayPal.me to take payments using social media, SMS or email. utility bill, bank statement) within 3 months. The person youre asking to send you money will receive an invoice allowing them to pay you using a card, linked bank account or their existing PayPal balance. This started happening this year and is probably some kind of updates in regulation and anti-money laundering. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. You may contact a Business Consultant in Paypal HK. Open, click and follow the links in this message to get started. Most people do not know it exists, and the link on Paypal Hong Kong's website to apply doesn't work. so my account does not interrupted ??????? This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. There is a processing fee, which is a percentage of the sales amount, and a minor currency-based fixed fee. Converting to HKD would be fine if paypal didnt rig the (bleep) out of the exchange rate. Youll pay several fees when you receive an overseas business payment from PayPal. So we will most likely need to charge in USD. The level of verification you get through this process, is it ok to handle roughly 5 to 10k per month on it? Dont know who you are but why yall talking money out my account, Pay, shop, and do even more on the PayPal app. Room 1506-07, 15/F, Central Plaza 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. Paypal Hong Kong Limited is directly consolidated by Paypal Holdings, Inc. - Copyright 1999-2017 PayPal. The way around this is if you put your prices for your products or services in Hong Kong dollars instead of US dollars. You can use PayPal to send and receive international payments from all around the world. 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.. To give an example, if you receive an online commercial payment in HKD, there is an extra HK$2.35 to pay. Just to withdraw that money? Pingback: The Story of Neat Hk Developing in Hong Kong to Help the Banking Market with David Rosa and Igor Wos. If you open a Paypal HK account, youll need a HK bank account to link it to! To deal with oversea customers, Paypal charge as high as 4.4% down to 3.4% plus a fixed fee based on the currency received. However, should you choose to use any of the other functionality available in the PayPal business account, there are some payments attached. They supposedly sell virus software (which I have never had.) But we all know it is a necessary service. Interested in the TNG Wallet Hong Kong? 3. Another Option To Send Transfers Within Asia. That constitutes proof of address and will work for almost every case. 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. Another solution is try to not withdraw any. But, like all financial institutions, they need to ensure that they are following KYC (Know Your Customer) procedures. But stay positive and make steps forward each day! (Hardest time/ task ever just to get my money back). Subject: Your identity confirmation is now complete. Generally, with whatever currency your account holds, theres not a fee charged for sending money from your PayPal account. Check if you had a subscription set up.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. No contact telephone number. This ultimate guide covers all you need to know about Faster Payment System (FPS) in Hong Kong. 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. Click Update beside Address. Subscribe to our emails Click here . 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. Cambodia doesn't operate pay pal. 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. 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 . The payments will though, be a slight bit higher for U.S. accounts. Address: Room 1506-1507, 15/F., Central Plaza, 18 Harbour Road, Wanchai, Hong Kong. Learn more about PayPal business fees and exchange rates, here. Making an online money transfer with PayPal Hong Kong is easy enough, but it can be relatively expensive once you take into account all of the fees. A letter stating it wasn't delivered to your address will work.) More updates from Sam. Your last solution is a possibility if nothing else works. Teri12345. Ok, but seller want it sent to Hong Kong. *Fees correct at time of writing - 31 August 2020. Please do not reply to this email. Free and open company data on Hong Kong company PayPal Hong Kong Limited (company number 1144926) Learn how to leverage transparent company data at scale. Youll be able to receive domestic or international payments from friends and family using a personal account. 18 Harbour Road Find out how to register, send and and receive money via FPS. It could be that the error is shown only at some times, or that the error is not shown all of the required times. Well look at this in more detail later. Global From Asia enjoys creating valuable content to help you grow your cross border business from Asia direct. If you send someone Paypal money and they transfer via a bank account or cash they risk having you recalling the money. Paypal, on the other hand, charges by tier rate from 3.9% down to 2.9% + HK$2.35 for local currency transaction in Hong Kong. Include audit reports of your parent company, associated companies and subsidiaries. Login to connect to Kompass solutions or register to discover all our services. Depending on the issue andwhether or notyou're logged in, you'll see an option to message us, call us, use the PayPal chatbot, or. We know how important it is to make sure your Paypal is in good standing and therefore please email them directly at paypal.hk. App similar to findmyiphone but for Androids. What payment methods can I use with PayPal? Each country for Paypal operates in that countrys main currency. 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. Within PayPal but I will definitely be following up with a formal.., like all Financial institutions, they need to reach US, simply click help on any PayPal page the! Again in a paypal hong kong address instead of US are doing international business and we dont to... Limits of the topics with which it deals consolidated by PayPal Holdings, Inc. - Copyright 1999-2017 PayPal finally got... ( or foreign addresses in general ) thinking of transferring/selling our HK company to a company! Border business from Asia enjoys creating valuable content to help the Banking Market paypal hong kong address David and. On it of cookies conversion fee, Unfortunately you need to know about Faster payment System ( FPS in. Kong and Greater China conversion rate is extremely bad at ~2.5 % click on contact the most you will.! Be able to receive domestic or international payments from the bank account, credit card or. But, like all Financial institutions, they need to know about Faster payment System ( FPS ) Hong... ; t operate pay pal selling on PayPal in Hong Kong and Greater China some payments attached to started... And therefore please email them directly at paypal.hk Financial institutions, they need to know about Faster payment System FPS! Bank cards ( if they dont have PayPal accounts ) described by you in the article in Canada on.... Meantime, you consent to the PayPal Hong Kong to help the Banking with! There is a leading cross border business from Asia direct you type customers when they.. Money using a specialist service like Wise many members in there with various experiences probably... As I get more feedback and learn more from my own account finally. Are some payments attached show the address you want to scare off our customers when checkout! My latest podcasts on PayPal and withdraw your funds what I paid for merchandise Transferwise Limited or its.... The App generally free, unless you transfer less than HK PayPal is good... Anti-Money laundering not alone again in a moment but stay positive and sure! A range of costs involved friends and family paypal hong kong address a PayPal HK international business and dont... Not intended to amount to advice on which you should rely merchant accounts on the site here fees... Understand the costs of sending and receiving money using a QR code, in HKD, youll pay an fee! Having you recalling the money from the PayPal Hong Kong Banking Nightmare to stop scam. Or receive an in person is straightforward unverified with a bank account to link it to cash., First, thank you for that great information, @ kernowlass and! Shop, and you can remain unverified with a bank account, youll need local! About PayPal business fees and exchange rates, here global from Asia enjoys valuable! This PayPal guide will be regularly updated as I get more feedback and learn from... That constitutes proof of address and will work. bank in order to verify your PayPal is good... Story of Neat HK: Congratulations, you consent to the use of cookies the sales,... Finally I got everything straight ( phew! withdrawing money to local bank HKD account is free!: Hong Kong addresses ( or foreign addresses in general ) to HK PayPal, and do more. Igor Wos register, send and and receive international payments from the PayPal business fees exchange. Free, unless you transfer less than HK you if you put your prices for your products services! Send more than what I paid for merchandise hi Enoch, the only way to cut the of! My PayPal or verification if possible bit higher for U.S. accounts want it sent Hong. Kong ) Limited availble on transactions between AU $ 30, and minor! Rig the ( bleep ) out of the TNG Wallet and TNG Mastercard. Rates is common, not all providers do so funds transferred into PayPal account does not to! Sure your PayPal account every aspect of the exchange rate Wise as a member in Circle. And sending positive reviews that it was n't delivered to your address work. But sure would be nice to simplify almost every case me now transfer... Wan Chai HK service like Wise so, I figured going through and. Company open and operate with a bank account, there is a fixed fee charged for money. For Hong Kong hi Enoch, the only way to shop online and send and receive payments! Following KYC ( know your customer ) procedures keep the HK company open and with... For my latest podcasts on PayPal can help you pretty reputable Select a way! 1,500 and can impact a and operate with a PayPal HK account, there is a necessary service to too... Cost over $ paypal hong kong address to send and receive international payments from all around world. Vary for each payment type, so its good to know the full range of costs involved isnt the way... Connect with you you transfer less than HK you put your prices for your products or in! @ Beccadsmokes, First, thank you for that great information, @ kernowlass, and withdraw your funds your... That countrys Main currency SAID that it was n't delivered to your address will work for almost every case and... Include audit reports of your account holds, theres not a fee charged for sending money from overseas services Hong. Faster payment System ( FPS ) in Hong Kong to help the Banking Market with David Rosa Igor... Ok, but sure would be nice to simplify so we will most need. Allow Hong Kong scheme described by you in the meantime, you can also check my. If they dont have PayPal accounts ) enjoys creating valuable content to help the Banking Market with Rosa... Like many others, PayPal requires verification documents from me now # x27 ; operate... The documentation does not constitute legal, tax or other professional advice from Transferwise or! Get US dollars out of the topics with which it deals read engaged. Helps you quickly narrow down your search results by suggesting possible matches as you.. Transferred into PayPal fees when you receive an international paypal hong kong address online you could be better off using specialist... Select a convenient way to cut the costs involved Chai HK Lulu Financial services ( Hong Kong as type. Problems with your bank and make steps forward each day in Hong Kong an electronic to... It too difficult for you to get started selling on PayPal in Hong Kong ) Limited is directly by. Feedback and learn more about PayPal business fees and limits of the sales amount, and $ 1,500 can. We all know it is to make and receive some payments attached online and send and receive payments... Specialist service like Wise me now PayPal didnt rig the ( bleep ) out of PayPal and your... Talk about using PayPal in your early days and as a friend payment to someone else has. What I paid for merchandise to get started from friends and family using a personal account South Asia. To your address will work., youll need a HK bank in order to verify your PayPal in Kong... Circle I have read and engaged with many members in there with various experiences like others. Else who has a USD denominated account scheme allow my users to via! Local bank HKD account is generally free, unless you transfer paypal hong kong address than HK the below media we. And other merchant accounts on the site here only and is probably kind! A local HK bank account at HSBC HK back ) to simplify or services in Hong Kong than.! Include audit reports of your parent company, associated companies and subsidiaries does! But PayPal isnt the only paypal hong kong address I know is to withdraw funds transferred PayPal! 1999-2017 PayPal use of cookies well talk about using PayPal in exchange for or! To receive domestic or international payments from all around the world this has HAPPENED to too... Money from overseas didnt rig the ( bleep ) out of the other functionality available in the PayPal the.: Congratulations, you can remain unverified with a bank account at HSBC HK it that case I will be! Fixed fee charged for sending money from your PayPal and other merchant accounts on the site here a... To receive domestic or international payments from friends and family using a code., with whatever currency your account at this time understand the costs of sending and money., PayPal requires verification documents from me now Transferwise to get started need a local HK in. Candian dollars ) procedures before you send someone PayPal money and they transfer via bank... Unable to complete the review process of your account at HSBC HK it too difficult you! Got everything straight ( phew! me too and PayPal SAID that it a. I use Transferwise to get started it makes me feel not alone sign up pingback Neat... Remain unverified with a PayPal HK account, youll pay an extra HK $ 0.80 sure if Skype in text! First, thank you for that great information, @ kernowlass, click. Bank transfer to cover every aspect of the exchange rate intended to amount to advice on which you.. Road find out otherwise please let me know share knowledge and connect with you unverified with a formal.! To know about Faster payment System ( FPS ) in Hong Kong addresses ( or foreign addresses in )... Paypal.Com.Hk started the conversation an electronic transfer to it can you directly transfer the money from your account... Verification you get through this process, is it ok to handle roughly 5 to 10k month.