With regulations reports and other materials and other violations were imposed administrative penalties by the foreign exchange bureau in accordance with the "Regulations of the people's republic of china on foreign exchange administration" (decree no. 532 of the state council). The time is august 21. Choose paypal or stripe? A comprehensive interpretation of tools for cross-border e-commerce independent stations16 is there a way to directly withdraw the money in the paypal business account to the personal bank? Paypal has given a method, that is, you have to have a personal bank account in hong kong.
Well, so tedious. But this problem is indeed something that many independent website sellers ignore at the beginning. Choose paypal or stripe? A comprehensive interpretation of the mobile number list comparison of the two major collection tools for cross-border e-commerce independent stations17 when it comes to personal bank accounts in hong kong, you have to mention the stripe method to collect money. Of course, the threshold for a stripe account is not low. Because stripe is not open in mainland china, many domestic sellers will open stripe by opening a personal hong kong bank or a us bank account.
So, let’s talk about how to open a personal hong kong bank first. As we all know, affected by the policy, it is not easy for mainland chinese users to open hong kong personal bank accounts. At the beginning of 2017, china merchants bank cross-strait one card raised the threshold to 5 million requirements, " china merchants bank mainland customers open hong kong account asset threshold raised to 5 million ." some domestic banks can still provide hong kong account opening services, but the requirements are relatively high, such as the initial deposit requirement of 200,000 hong kong dollars for the bank of china hong kong account . There is a demand in the market, so through various channels, you can also find service providers who charge 2,000-4,000 yuan to open a hong kong bank account.
When choosing between PayPal or Stripe for cross-border e-commerce, many sellers consider fees and withdrawal options. PayPal allows withdrawals to a personal bank account in Hong Kong, while Stripe often requires a Hong Kong or U.S. bank account. To better understand transaction costs, using a PayPal Gebühren Rechner is essential—it helps sellers calculate exact fees and make informed decisions for their independent websites.