How to get some money from China / HK?

[CyprusLawyer101]

Draw up a simple agreement for the work carried out or issue an invoice corresponding to the same. Recieve the payment into your bank account . If you have any questions from the bank show them the doc.

 

[daniels27]

It is just tax fraud at its best. If you get money for a favour from a friend, it is salary.

Anyway. You can use the WeChat QR code in many supermarkts and retail locations to make payments. Or you add his credit card onto your Google/Apple pay and spend his money that way.

 

[Alex Braun]

Hello everyone,
I have a question for you, which may seem easy to answer...

I have a Chinese friend who I helped with his work. He wants to pay me for this (we're talking about €5,000). However, there is no employment contract, nothing. So it's simply impossible to pay this into my bank account.

Is there any other easy way for him to send me the money? He was thinking of transferring it to my credit card but I find the system a bit strange.
How would you go about this?

If it's important, i am from germany.
Thank you!

Crypto is the way
Card payments are the way to pay via paylinks
Good ol' p2p
It all depends on how much you're willing to 'pay' for that

 

[meze99]

24 September 2021 - China declares all crypto-currency transactions illegal
"Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets".

Visa Direct or Mastercard MoneySend is the easiest option for such amounts if your Chinese friend has a bank app that supports it. Usually the transfer fee is 1%. You will receive it next day or even instantly on your debit card.
2500 USD Per Transaction, 5000 USD Daily Limit.

 

[daniels27]

24 September 2021 - China declares all crypto-currency transactions illegal
"Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets".

Yes, and why? Because China has capital controls and there were too many Chinese taking money out of China.

Visa Direct or Mastercard MoneySend is the easiest option for such amounts if your Chinese friend has a bank app that supports it. Usually the transfer fee is 1%. You will receive it next day or even instantly on your debit card.
2500 USD Per Transaction, 5000 USD Daily Limit.

Is this even available in China? IMO this functionality is only available in a very limited number of countries.

 

[cryptofriendly]

Yes, and why? Because China has capital controls and there were too many Chinese taking money out of China.


Is this even available in China? IMO this functionality is only available in a very limited number of countries.

I don't think Visa direct is available in China, for sure they have some alternatives from UnionPay.

AFAIK Visa direct (credit card 2 credit card transfer) is available in these countries:

• Southeast Asia: Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam.
• Europe: Finland, Georgia, Greece, Hungary, Iceland, Netherlands, Poland, Portugal, Romania, Spain, Sweden, Ukraine.
• Africa: Ghana, Kenya, Morocco, Senegal, South Africa, Zambia.
• Middle East: Kuwait, Lebanon, Oman, Saudi Arabia, UAE, Yemen.
• Other Regions: South Korea, Sri Lanka, Turkey, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan.

To the OP: Just get an own crypto wallet address and ask your Chinese friend to transfer USDT or BTC. Or even a pre-paid CC.

 

[daniels27]

I don't think Visa direct is available in China, for sure they have some alternatives from UnionPay.

Of course not! Again. China has capital controls. Chinese can pay with their UnionPay card, WeChat Pay, AliPay overseas. Foreign non-residents cannot as they do not have a government limit. For the same reason cryptos are banned in China. I know people taking 20k CNY in cash every time they leave China.

In any case, if OP does not want to receive the money on his personal account, he can use his Chinese friend's WeChat Pay to buy food in Europe where it is accepted (quite many places by now).

 

[donald1234]

24 September 2021 - China declares all crypto-currency transactions illegal
"Virtual currency-related business activities are illegal financial activities," the People's Bank of China said, warning it "seriously endangers the safety of people's assets".

Visa Direct or Mastercard MoneySend is the easiest option for such amounts if your Chinese friend has a bank app that supports it. Usually the transfer fee is 1%. You will receive it next day or even instantly on your debit card.
2500 USD Per Transaction, 5000 USD Daily Limit.

I can't find such services in germany, i am afraid :/

 

[cryptofriendly]

Of course not! Again. China has capital controls. Chinese can pay with their UnionPay card, WeChat Pay, AliPay overseas. Foreign non-residents cannot as they do not have a government limit. For the same reason cryptos are banned in China. I know people taking 20k CNY in cash every time they leave China.

I know some of them too, they used to bring suitcases full of cash daily. They don't even care if some of those get confiscated at the airport.
USDT made life so much easier.

In any case, if OP does not want to receive the money on his personal account, he can use his Chinese friend's WeChat Pay to buy food in Europe where it is accepted (quite many places by now).

Yeah, that would be a way, as it's not a really big sum.
The OP could let his friend pay for his Amazon wishlist, they won't send the GESTAPO to his home for some online shopping......right?

Right?

Mein freund, ze Aldi bag, eet ees not just any bag, ja? Ve haff reason to believe that ze contents of zis bag may be linked to a larger scheme of Geldwäsche, money laundering, perhaps even from China, naturlich.

( inspecting the bag ) Ah, ve see ve haff some Brötchen, some Milch, and some... (dramatic pause)...Schnitzel. Ja, ze Schnitzel, zis ees a classic money laundering tactic, no? You buy ze cheap food, and zen you sell eet on ze black market for a profit, ja?

Now, mein freund, ve must ask you some questions. Who paid for ze food in zis bag? Was eet you? Or perhaps someone else? Maybe someone from... (leaning in, whispering)...China?

(looking around suspiciously) Ve know that ze Chinese are known for their... (tapping nose)...creative money laundering schemes. And ve will not stand for eet in our great nation, Deutschland!

So, come now, mein freund, tell us ze truth. Who paid for ze food, and what ees ze purpose of zis... (waving hand)...Aldi bag?

And don't think you can deceive us with your..... (looking around)... suspicious shopping habits.

Now, answer ze question, mein freund! Who paid for ze food?!



P.S. I think just asking the Chinese friend to purchase a Union Pay PREPAID card for him would be the easiest. Or Amazon/Google/AirBNB/Booking/whatever coupons?
https://m.unionpayintl.com/ph/servicesProducts/products/unionPayCard/prepaidCard/

 

[donald1234]

I know some of them too, they used to bring suitcases full of cash daily. They don't even care if some of those get confiscated at the airport.
USDT made life so much easier.

View attachment 9315

Yeah, that would be a way, as it's not a really big sum.
The OP could let his friend pay for his Amazon wishlist, they won't send the GESTAPO to his home for some online shopping......right?

Right?

View attachment 9317

Mein freund, ze Aldi bag, eet ees not just any bag, ja? Ve haff reason to believe that ze contents of zis bag may be linked to a larger scheme of Geldwäsche, money laundering, perhaps even from China, naturlich.

( inspecting the bag ) Ah, ve see ve haff some Brötchen, some Milch, and some... (dramatic pause)...Schnitzel. Ja, ze Schnitzel, zis ees a classic money laundering tactic, no? You buy ze cheap food, and zen you sell eet on ze black market for a profit, ja?

Now, mein freund, ve must ask you some questions. Who paid for ze food in zis bag? Was eet you? Or perhaps someone else? Maybe someone from... (leaning in, whispering)...China?

(looking around suspiciously) Ve know that ze Chinese are known for their... (tapping nose)...creative money laundering schemes. And ve will not stand for eet in our great nation, Deutschland!

So, come now, mein freund, tell us ze truth. Who paid for ze food, and what ees ze purpose of zis... (waving hand)...Aldi bag?

And don't think you can deceive us with your..... (looking around)... suspicious shopping habits.

Now, answer ze question, mein freund! Who paid for ze food?!



P.S. I think just asking the Chinese friend to purchase a Union Pay PREPAID card for him would be the easiest. Or Amazon/Google/AirBNB/Booking/whatever coupons?
https://m.unionpayintl.com/ph/servicesProducts/products/unionPayCard/prepaidCard/

Germans are pretty good at speaking english without any ztränze akzeunt...
Do not mix with french guys

 

[cryptofriendly]

Germans are pretty good at speaking english without any ztränze akzeunt...
Do not mix with french guys

Not everyone though: