Podcast: Play in new window | Download
Subscribe: RSS
One of the top questions I get asked is how can Hong Kong companies accept credit cards (Visa / Mastercard) for their online businesses? We know what a headache it is for hong kong merchant account applicants and they are left in the dark. So many are only using Paypal, due to either application processes being tedious and expensive, or just not knowing of a feasible solution. So today my friend Gary Lam helped connect me to Jo Chan, the Founder and President of AsiaPay – the leading merchant services provider for Hong Kong companies.UPDATE: Since writing this post, I have recorded more and more podcasts about merchant accounts. Worldpay offshore merchant account application process and Trying to Get Stripe to Come to Hong Kong. Will work on more and more.
I hope this sheds some light on the whole accepting credit cards for Hong Kong bank holders, and I will work on getting more solutions soon as well. If you do apply for AsiaPay, I’d love to hear your feedback on the process. I know how critical this issue is for everyone – and if listeners can also share tips for Small to medium sized businesses based in Hong Kong can get a merchant account opened to accept visa and master card credit cards from their customers.
Topics Covered in this Episode
- History of Asiapay and how Jo Chat started it
- Their solutions for large scale enterprises, and small and medium sized enterprises
- Setup fees and discount rate (% of the transaction taken) typically offered
- Accepting payments in China via Alipay
- SouthEast Asia payment solutions in Philippines and Thailand
- Application process, typical length
- Getting started
People / Companies / Resources Mentioned in this Episode
- AsiaPay: AsiaPay.com
- Paydollar (for China) PayDollar.com
Episode Length: 15:46
Download Options
- Direct Download: Right-click here and click “Save As” for a direct download
- iTunes: Listen and subscribe on iTunes for free!
- Android: Listen via Stitcher Internet Radio streaming
- If you enjoyed this episode, leave a positive review on iTunes!
6 Comments on “Opening a Merchant Account From Hong Kong with Jo Chan from Asiapay”
Pingback: Selling Your Products in Hong Kong via E-Commerce with Damien Bos - GFA102
The whole merchant account issue in Hong Kong is actually pretty surprising to me. HK is such a business friendly place I’m surprised it’s so far behind in the world of merchant accounts. The main issue that I hear online entrepreneurs having is that they want to control the “checkout flow” of each transaction. Unlike Stripe, many of the merchant options available in HK don’t allow you to keep the visitor on your site for the entire transaction process. Instead customers are redirected to a third party site to complete the transaction. However, in 2015 a few options popped up and I’m positive that in 2016 Stripe will also come to Hong Kong (fingers crossed). Here is a list of other merchant providers that currently work in Hong Kong that allow you to better control the checkout flow on your website: http://www.zerotax.me/best-hong-kong-merchant-account-providers/
I hope that helps!
Hi Clement,
thanks for the comment! Yes merchant accounts have been a struggle for HK business owners. I really like your website and the best merchant account post you shared here!
Maybe we can get you on an upcoming podcast for Global From Asia? What do you think?
We also have a merchant account listing page on our site here https://www.globalfromasia.com/merchant-account-comparison/
have a good weekend
Mike
Pingback: Hong Kong Needs Stripe Merchant Account Services!
Pingback: Merchant Account Comparison
i contacted Asiapay via email to set up new Merchant account but until now none of any person replied my email.