Hong Kong is listed among the most profitable locations to start a business. Establishing a business and running it successfully are two different tasks. Several operations are associated with running a business successfully. Managing the finances is one of those operations which is a very tedious job in a business. However, if you have a dedicated business bank account for your business, fund management can be made easy.
Startupr has partnered with PayPal to ease the fund management work for your business. This exciting partnership offers you a wide range of benefits that are exclusively for those only who sign up through Startupregistry. The key benefit of opening a Hong Kong PayPal business account is that you can earn a sum of HKD300 if you spend at least HKD600 within 60 days of signing up for a PayPal business account through Startupregistry.
The cost to use a PayPal business account in Hong Kong is very minimal. In this article, we will be learning about how to create a PayPal business account in Hong Kong and the benefits of using a PayPal business account for small businesses in Hong Kong. This article is to give you a detailed description of setting up a PayPal business account for your Hong Kong business and the exclusive benefit of setting up the account through Startupregistry’s referral link.
Benefits of Using a PayPal Business Account
Using a PayPal business account is a different experience in itself. A PayPal business account offers numerous benefits to its users. It also offers some exclusive benefits for users who use Startupregistry’s referral link. The exclusive benefits will be discussed later in the article. The major benefits of using a PayPal business account are as follows:
- Secure Online Payments – Security plays a vital role in the success of a business, and if not attended to adequately, it may result in losses or even business failure. A PayPal business account facilitates secure online payments for its users locally and internationally. Using a PayPal business account keeps you safe from security breaches, reduces the chances of business losses and provides you with an extra layer of financial security.
- Faster Transactions – Another important benefit of using a PayPal business account is the facility for faster transactions. A PayPal account provides you with the facility to send and receive money from anywhere around the world within seconds. You are not required to enter your card details each time you make a payment. This saves valuable time for your business, which you can utilize to strategize and grow it and keep it running smoothly.
- Easier Invoicing – PayPal offers a multitude of invoicing services that can ease your invoicing process and keep you ahead of your competitors. You can create and send invoices through your PayPal account and also receive payments through it. By using a PayPal account, keeping track of your invoice status can be made super easy. You can also set your account to automatically send reminders to your clients for overdue invoices. This speedups and streamlines the invoicing process and provides you with an edge in the market.
How to Set Up Your PayPal Business Account With Startupregistry’s Referral
Opening a PayPal business account with Startupregistry’s referral is not so difficult. You are just required to follow some simple steps and will be able to set up a PayPal business account easily. The steps to set up a PayPal business account in Hong Kong are given below.
Step 1: Sign Up
The first step to setting up a PayPal business account through Startupregistry is to sign up using Startupregistry’s referral link. To sign up through it, you are required to click on the link and follow the simple instructions to set up the account. It is important to sign up through Startupregistry’s referral link because the exclusive benefits of a PayPal business account are only for those who sign up through Startupregistry’s link. This means that the exclusive benefits of the PayPal business account can only be unlocked if you sign up through Startupregistry’s referral link.
Step 2: Choose Your Account Type
The next step to setting up your PayPal business account is to choose your account type which in this case will be a business account. There is a distinct difference between a personal account and a business account. Using a personal account for managing your business finances may result in confusion and mismanagement. Therefore, having a business bank account can be extremely important for your business. A business account helps you keep personal and business finances separate and reduces confusion between them. It also helps in creating a professional image for the business and simplifies tax filing and recordkeeping. Another significant reason for having a PayPal business account is that signing up for a PayPal Hong Kong business account makes you eligible to receive partner benefits from Startupregistry.
Step 3: Enter Your Business Information
After you sign up through Startupregistry’s link and choose a business account as your account type, you are required to enter the information about your business. Some basic information that you need to enter to set up your PayPal business account include the name of the business owner, address of the business owner, account owner’s verifiable email address, name of the business, address of the business, type of business, product or service keywords, purpose code, website (optional), contact information of customer service of the business, name of the bank, bank account number and bank routing number. It is important to remember that you must enter all the information correctly to avoid any difficulties in the further processes of setting up the business account.
Step 4: Verify Your Account
One of the most important steps while setting up a PayPal business account is verification. The verification is done to ensure the safety and integrity of PayPal and its users. Verification helps PayPal keep its clients safe from fraud and unauthorized transactions. The verification process is done by some simple steps such as email verification, bank account verification, identity verification that is needed in Hong Kong, address verification, and phone verification. All these verifications are carried out to provide a safe and secure platform experience and keep the users safe from potential cyber crimes and other frauds. Once you have completed all the verification procedures, you are free to enjoy the features of PayPal.
Step 5: Start Accepting/Sending Payments
Lastly, after having completed all the steps carefully and correctly, you can start accepting payments from your customers and start sending payments to your partners and suppliers. Sending payments becomes essential because payments not only can help you clear the dues but also earn HKD300. According to the exclusive offer from PayPal and Startupregistry’s partnership, you can earn HKD300 if you spend at least HKD600 on commercial payments within 60 days of signing up for a PayPal business account through Startupregistry’s referral link.
Sign up for your PayPal Business Account through Startupregistry!
Opening a PayPal business account is one of the wisest choices one can make. Having a PayPal business account provides users with numerous benefits including fast transactions, increased security, and simplified invoicing. A PayPal business account in Hong Kong helps entrepreneurs keep their business finances separate from personal ones. Another exclusive benefit is for the users who sign up through Startupregistry’s referral link. With this exclusive benefit, users can earn HKD300 within 60 days of signing up if they complete the necessary task mentioned above in the article.
If you want to enhance the growth of your business and take your business to the next level with secure and convenient online payments, you should sign up through Startupregistry’s referral link right away. The representative or account manager of PayPal will assist you if you have any questions regarding setting up your PayPal business account in Hong Kong.