Top 5 PayPal Business Alternatives in Hong Kong in 2025 (and What They Do Better)

For freelancers, startups, and growing SMEs, PayPal often feels like the default choice. But if you’re exploring alternatives, chances are you’ve run into some limits, whether it’s high fees, delayed fund access, or slow support.

In this article, I’ll share with you the five top alternatives to PayPal Business in Hong Kong in 2025, highlighting what each one does better and how they can better support your global business needs.

A good PayPal alternative doesn’t need to match everything PayPal does. What matters is whether it fits the way your business operates. That could mean broader currency support, more useful expense management tools, or easier ways to receive and manage funds.

Since every business has different needs, here are some key things to consider when choosing a PayPal alternative:

• Are the fees more transparent? – PayPal’s fee structure can be hard to predict, with percentage-based deductions, currency conversion markups, and platform-specific charges. A good alternative will show you all fees clearly before you send or receive money.
• Does it support the currencies and countries I work with? – Make sure the provider supports local accounts or currency pairs that match your typical payment routes. Some services offer wide coverage but limited utility in your core markets.
• Is it built for business? – PayPal was designed for individual use and adapted for business. If you need invoicing, expense management tools, payment gateway services, or integration with accounting tools, look for a platform that prioritises business clients from the start.
• What kind of support is available? - If you encounter a payment issue or compliance check, it matters to speak with a real person. Some alternatives offer personalised support that PayPal doesn’t match.
• Does it integrate with my current tools? – Whether you use Shopify, Xero, or Stripe, choose a provider that fits into your existing workflow without complicated workarounds.

Statrys is a Hong Kong-based financial service provider offering global payment solutions to businesses registered in Hong Kong, Singapore, and the British Virgin Islands (BVI). As a licensed Money Service Operator, Statrys offers a range of products and services to streamline cross-border payments, team expenses, and cash flow management.

With over 5,000 clients and billions in cross-border volume handled, Statrys combines technology with personalised support to help businesses grow globally with ease.

Key Services Offered by Statrys

• Multi-Currency Business Account: Hold, receive, and send international payments in 11 major currencies, including USD, HKD, CNY, AUD, EUR, GBP, SGD, JPY, CHF, NZD, and CAD, with the ability to make local transfers in 12 currencies.
• International Payments: Send overseas payments via SWIFT to 140+ countries, with no maximum limit and competitive rates based on real-time mid-market rates.
• Payment Cards: Physical and virtual prepaid Mastercard® for making in-store and online purchases, as well as withdrawing cash from ATMs in Hong Kong and abroad. 
• Free Invoicing Software: Easy-to-use tool to create, manage, and send invoices efficiently. 
• Xero Integration: Integrate Xero to streamline your bookkeeping and cash flow management processes. 
• Marketplace and Payment Processor Integration: Link your business account to Shopify, Stripe, and PayPal to collect payments in one place. 

Statrys Pricing

Pros and Cons of Statrys

Payoneer is a leading payment service provider that has been serving businesses of all sizes since 2005. Their services are specifically designed to support B2B international payments, making it easier for businesses to receive and send payments globally. 

With over 25 global offices, Payoneer facilitates international transactions in more than 70 currencies across over 190 countries and territories.

Key Services Offered by Payoneer

• Local Receiving Account: Receive payments like a local in USD, JPY, AUD, EUR, HKD, SGD, CAD, GBP, and AED. 
• Prepaid Business Card: Top-up your card balance to make purchases and withdraw cash from ATMs worldwide in USD, EUR, GBP, or CAD.
• Marketplace Integrations: Connect with top ecommerce marketplaces, platforms, and networks, including Amazon, Shopify, eBay, Airbnb, and Fiverr. 
• Payment Gateway Services: Accept payments via credit cards and other payment methods, simplifying the checkout process for ecommerce businesses. 
• Fund Withdrawals: Withdraw funds via bank transfers in over 190 countries and 70 currencies or at ATMs worldwide.
• Batch Payments: Schedule and send batch payments of up to 1000 transactions at a time.

Payoneer Pricing

Pros and Cons of Payoneer

Payoneer vs PayPal

Wise is a UK-based payment platform founded in 2011, built to simplify international money transfers for individuals and businesses. Its services are focused on low-cost, transparent cross-border payments, making it easier to send, receive, and manage funds globally.

Wise supports transactions in over 40 currencies and enables payments to more than 70 countries, helping businesses operate across borders with real-time exchange rates and local account details.

Key Services Offered by Wise

• Business Account: Hold, convert, and send payments in over 40 currencies to over 70 countries, including GBP, USD, EUR, AUD, CNY, and HKD. Top up your balance through various methods, including transfers from bank accounts, Apple Pay, and Google Pay.
• Local Accounts: Get local account details in 9 currencies and let customers pay you in their own currencies. Supported currencies may vary by location.
• Invoice and Batch Payments: Make invoice payments and set up transfers for recurring billings and mass payouts to up to 1,000 recipients in one go.
• Integrations: Connect your business account to accounting tools like Xero, QuickBooks, and FreeAgent, and automate payments through Wise Open API

Wise Pricing

Pros and Cons of Wise

Wise vs PayPal

Stripe is one of the most well-known payment systems. It provides businesses with merchant accounts and the functionality to process payments, manage billing and handle transactions across multiple payment options. This allows businesses, particularly online stores and SaaS companies, to integrate Stripe into their operations for a seamless, end-to-end financial transaction experience.

Key Services Offered by Stripe

• Global Payment Collection: Collect payments in over 135 currencies and more than 40 payment types, including digital wallets, Amazon Pay, Shopify Payments, card payments, bank transfers, and buy-now-pay-later options. 
• Stripe Checkout: A pre-built payment page that allows businesses to easily accept payments online.
• Mass Payouts: Send mass payouts to employees and merchants worldwide. Set up automated payouts to simplify workflow.
• Accounting Software Integration: Connect to popular accounting software such as QuickBooks and NetSuite for real-time reporting and reconciliation.
• APIs: Connect with leading ecommerce platforms and marketplaces and streamline business operations with prebuilt integrations and user-friendly APIs.
• Fraud Protection (Stripe Radar): Built-in fraud detection tools that use machine learning to analyse transaction data and protect businesses from fraudulent online payment and credit card fraud.

Stripe Pricing

Stripe does not charge an account set up, monthly, or annual fee for its services. Instead, it operates on a pay-as-you-go pricing model, meaning you only pay for the specific services and transactions you use. 

For other additional fees, we recommend visiting their pricing page.

Stripe's Pros and Cons

Stripe vs PayPal

Adyen is a global payment gateway company established in the Netherlands in 2006. The company offers end-to-end payment solutions, including online, in-app, and in-person transactions.

With a local office in Hong Kong, Adyen supports various payment methods popular in the region, such as Visa, Mastercard®, American Express, UnionPay, Alipay, WeChat Pay, and PayMe by HSBC.

Key Services Offered by Adyen

• Online and In-Person Payments:  Accept payments across websites, mobile apps, and physical locations using Adyen’s integrated platform. Supports over 250 payment methods and 150 currencies.
• Business Tools for Multi-Channel Sales: Manage online and offline sales together with shared reporting, payment reconciliation, and customer insights, all from a single dashboard.
• Adyen for Platforms: Embed payment services into platforms or marketplaces with tools for onboarding, compliance, and fund distribution, all from a single integration.
• Fraud Management and Authentication: Protect revenue with real-time fraud screening (Adyen Protect) and streamline customer verification using built-in authentication features.

Adyen Pricing

Pros and Cons of Adyen

Adyen vs PayPal

After exploring various alternatives to PayPal accounts, you should now better understand which provider is best suited to your business. It is also possible that you may require more than one solution to meet all your needs. 

Before making any decisions, make sure to evaluate the benefits and drawbacks of each option with respect to your business priorities.