HSBC PayMe Business is available on Shopify Hong Kong! ｜2022 Hong Kong Consumption Voucher
Many Shopify shop owners believe that only localized online shop platforms such as Shopline and Boutir can connect to the PayMe e-wallet launched by HSBC. But do you know? Actually everyone can use PayMe Business to collect payment on Shopify now.
- What is PayMe for Business?
- What are the fees for PayMe for Business?
- How can I use PayMe for Business on Shopify?
- Can I receive other localized payment methods on my Shopify store?
What is PayMe for Business?
PayMe for Business enables brick-and-mortar and online merchants to collect payments from customers via mobile electronic devices (such as Apple iPhone), and PayMe users can make instant payments to merchants via PayMe, just like normal PayMe transfers. (Wow!)
Through PayMe for Business, merchants can instantly charge customers in Hong Kong with QR Code, and transfer funds to their own company's HSBC business account (ie, corporate bank account).
What is the handling fee for PayMe for Business?
A standard fee of 1.2% will be charged per transaction made using the PayMe for Business app and 1.5% per transaction made using the PayMe API (eg through your integrated website or mobile app) or POS terminals % Standard Fee (Source: HSBC).
In other words, if you use PayMe for Business to collect payment for each transaction made in the online store, the handling fee is 1.5% of the amount per order/transaction.
The total amount of the customer's order plus shipping is HK$198, then the handling fee charged by PayMe for Business is:
HK$198 X 1.5% = HK$2.97
How can I use PayMe for Business on Shopify?
Step 1 - Open an HSBC Business Internet Banking account
If you are already an HSBC Business Internet Banking customer, you can register and use PayMe for Business.
If you would like to open a corporate bank account with HSBC, you can get in touch with our e-commerce specialists who will explain to you the required fees, procedures and details.
Step 2—Connect your PayMe for Business account to your Shopify store
If you want to connect your PayMe for Business account with your Shopify store to automate the entire payment process, you can get in touch with our e-commerce specialist, we will explain the required fees, procedures and relevant details. The entire connection process, together with application and approval, takes about one to two weeks to complete.
Never use a personal PayMe account to receive payment. Although there is no handling fee for PayMe personal accounts, there are stored value, top-up and transfer limits.
Can I receive other localized payment methods on my Shopify store?
Of course! Our Team Wilkinson can also help you connect your online store to WeChat Pay, Alipay and UnionPay, etc. Welcome to inquire. :-)