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Banks view this as a ",{"_key":1175,"_type":860,"marks":1176,"text":1177},"k109",[988],"Merchant Service",{"_key":1179,"_type":860,"marks":1180,"text":1181},"k110",[],", and fees may apply to both incoming (P2B, B2B) and outgoing transfers (B2B, B2P, such as payroll).",[],{"_key":1184,"_type":856,"children":1185,"markDefs":1190,"style":981},"k115",[1186],{"_key":1187,"_type":860,"marks":1188,"text":1189},"k114",[988],"Transfer and Collection Limits",[],{"_key":1192,"_type":856,"children":1193,"level":1034,"listItem":1035,"markDefs":1201,"style":885},"k121",[1194,1197],{"_key":1195,"_type":860,"marks":1196,"text":1111},"k119",[988],{"_key":1198,"_type":860,"marks":1199,"text":1200},"k120",[]," To protect individual users, banks typically set lower daily transfer limits (e.g., HKD 10,000 for non-registered accounts, depending on the bank).",[],{"_key":1203,"_type":856,"children":1204,"level":1034,"listItem":1035,"markDefs":1212,"style":885},"k127",[1205,1208],{"_key":1206,"_type":860,"marks":1207,"text":1131},"k125",[988],{"_key":1209,"_type":860,"marks":1210,"text":1211},"k126",[]," Business account transaction limits are usually significantly higher than personal accounts, satisfying the corporate need for large transactions, supplier payments, or payroll.",[],{"_key":1214,"_type":856,"children":1215,"markDefs":1220,"style":964},"k131",[1216],{"_key":1217,"_type":860,"marks":1218,"text":1219},"k130",[988],"Corporate FPS Registration and Activation Process",[],{"_key":1222,"_type":856,"children":1223,"markDefs":1228,"style":885},"k135",[1224],{"_key":1225,"_type":860,"marks":1226,"text":1227},"k134",[],"Activating FPS for your business is straightforward but must be done through your commercial banking platform.",[],{"_key":1230,"_type":856,"children":1231,"markDefs":1240,"style":885},"k141",[1232,1236],{"_key":1233,"_type":860,"marks":1234,"text":1235},"k139",[988],"Step 1: Prepare Your Business Bank Account",{"_key":1237,"_type":860,"marks":1238,"text":1239},"k140",[]," Your business must have an existing Business Account at an HK bank that supports FPS (e.g., HSBC, Hang Seng, BOC, Standard Chartered, BEA, etc.).",[],{"_key":1242,"_type":856,"children":1243,"markDefs":1252,"style":885},"k147",[1244,1248],{"_key":1245,"_type":860,"marks":1246,"text":1247},"k145",[988],"Step 2: Bind the Proxy ID (Identifier)",{"_key":1249,"_type":860,"marks":1250,"text":1251},"k146",[]," Log in to your corporate online banking platform (e.g., HSBC BIB, Hang Seng Business e-Banking). In the \"Faster Payment System\" or \"FPS Registration\" menu, choose to bind an identifier. The most common identifiers for businesses include:",[],{"_key":1254,"_type":856,"children":1255,"level":1034,"listItem":1035,"markDefs":1264,"style":885},"k153",[1256,1260],{"_key":1257,"_type":860,"marks":1258,"text":1259},"k151",[988],"FPS ID:",{"_key":1261,"_type":860,"marks":1262,"text":1263},"k152",[]," A unique numerical code generated by the system; it contains no private information and is ideal for B2B transactions or printing on invoices.",[],{"_key":1266,"_type":856,"children":1267,"level":1034,"listItem":1035,"markDefs":1276,"style":885},"k159",[1268,1272],{"_key":1269,"_type":860,"marks":1270,"text":1271},"k157",[988],"Email Address:",{"_key":1273,"_type":860,"marks":1274,"text":1275},"k158",[]," Must be the official company email address (e.g., billing@company.com).",[],{"_key":1278,"_type":856,"children":1279,"level":1034,"listItem":1035,"markDefs":1288,"style":885},"k165",[1280,1284],{"_key":1281,"_type":860,"marks":1282,"text":1283},"k163",[988],"Mobile Number:",{"_key":1285,"_type":860,"marks":1286,"text":1287},"k164",[]," Must be the contact number registered with the company.",[],{"_key":1290,"_type":856,"children":1291,"markDefs":1308,"style":885},"k175",[1292,1296,1300,1304],{"_key":1293,"_type":860,"marks":1294,"text":1295},"k171",[988],"Step 3: Set Default Receiving Bank",{"_key":1297,"_type":860,"marks":1298,"text":1299},"k172",[]," If your company holds business accounts with multiple banks (e.g., Bank A and Bank B) and has linked its email address to both, you can designate one (e.g., Bank A) as the ",{"_key":1301,"_type":860,"marks":1302,"text":1303},"k173",[988],"\"Default Receiving Bank.\"",{"_key":1305,"_type":860,"marks":1306,"text":1307},"k174",[]," This ensures that when a client pays using only your email address, the funds are automatically deposited into Bank A, avoiding confusion.",[],{"_key":1310,"_type":856,"children":1311,"markDefs":1316,"style":964},"k179",[1312],{"_key":1313,"_type":860,"marks":1314,"text":1315},"k178",[988],"Corporate FPS: How to Collect Payment",[],{"_key":1318,"_type":856,"children":1319,"markDefs":1324,"style":885},"k183",[1320],{"_key":1321,"_type":860,"marks":1322,"text":1323},"k182",[],"Once registered, businesses can use the following three common methods to collect payments via FPS:",[],{"_key":1326,"_type":856,"children":1327,"markDefs":1332,"style":981},"k187",[1328],{"_key":1329,"_type":860,"marks":1330,"text":1331},"k186",[988],"Method 1: Display the FPS QR Code",[],{"_key":1334,"_type":856,"children":1335,"markDefs":1344,"style":885},"k193",[1336,1340],{"_key":1337,"_type":860,"marks":1338,"text":1339},"k191",[],"This is the most common method for physical retail stores and online shops, focusing on ",{"_key":1341,"_type":860,"marks":1342,"text":1343},"k192",[988],"\"Scan-to-Pay.\"",[],{"_key":1346,"_type":856,"children":1347,"level":1034,"listItem":1035,"markDefs":1364,"style":885},"k203",[1348,1352,1356,1360],{"_key":1349,"_type":860,"marks":1350,"text":1351},"k199",[988],"Physical Store Application:",{"_key":1353,"_type":860,"marks":1354,"text":1355},"k200",[]," Merchants can generate an exclusive ",{"_key":1357,"_type":860,"marks":1358,"text":1359},"k201",[988],"\"FPS QR Code\"",{"_key":1361,"_type":860,"marks":1362,"text":1363},"k202",[]," via their commercial bank App or an SVF merchant App.",[],{"_key":1366,"_type":856,"children":1367,"level":1034,"listItem":1035,"markDefs":1377,"style":885},"k209",[1368,1373],{"_key":1369,"_type":860,"marks":1370,"text":1372},"k207",[1371],"em","Static QR Code:",{"_key":1374,"_type":860,"marks":1375,"text":1376},"k208",[]," Printed and displayed at the counter; the customer scans it and manually enters the amount.",[],{"_key":1379,"_type":856,"children":1380,"level":1034,"listItem":1035,"markDefs":1389,"style":885},"k215",[1381,1385],{"_key":1382,"_type":860,"marks":1383,"text":1384},"k213",[1371],"Dynamic QR Code:",{"_key":1386,"_type":860,"marks":1387,"text":1388},"k214",[]," Generated in real-time by a POS machine or App, already containing the specific transaction amount; the customer only needs to confirm payment after scanning.",[],{"_key":1391,"_type":856,"children":1392,"level":1034,"listItem":1035,"markDefs":1401,"style":885},"k221",[1393,1397],{"_key":1394,"_type":860,"marks":1395,"text":1396},"k219",[988],"Online Shop Application:",{"_key":1398,"_type":860,"marks":1399,"text":1400},"k220",[]," A QR code containing the order amount can be automatically generated on the checkout page. Customers scan the code on their computer screen using any banking App on their mobile phone, completing the payment seamlessly.",[],{"_key":1403,"_type":856,"children":1404,"markDefs":1409,"style":981},"k225",[1405],{"_key":1406,"_type":860,"marks":1407,"text":1408},"k224",[988],"Method 2: Provide the FPS Identifier (Proxy ID)",[],{"_key":1411,"_type":856,"children":1412,"markDefs":1417,"style":885},"k229",[1413],{"_key":1414,"_type":860,"marks":1415,"text":1416},"k228",[],"This is the most common method for B2B (business-to-business) transactions or service industries (e.g., consulting, design).",[],{"_key":1419,"_type":856,"children":1420,"level":1034,"listItem":1035,"markDefs":1437,"style":885},"k239",[1421,1425,1429,1433],{"_key":1422,"_type":860,"marks":1423,"text":1424},"k235",[988],"B2B Transactions:",{"_key":1426,"_type":860,"marks":1427,"text":1428},"k236",[]," The company can clearly list its ",{"_key":1430,"_type":860,"marks":1431,"text":1432},"k237",[988],"FPS Identifier (FPS ID)",{"_key":1434,"_type":860,"marks":1435,"text":1436},"k238",[]," or official company email address on the invoice issued to the client.",[],{"_key":1439,"_type":856,"children":1440,"level":1034,"listItem":1035,"markDefs":1457,"style":885},"k249",[1441,1445,1449,1453],{"_key":1442,"_type":860,"marks":1443,"text":1444},"k245",[988],"Remote Collection:",{"_key":1446,"_type":860,"marks":1447,"text":1448},"k246",[]," The client receives the invoice, logs into their online banking platform, selects ",{"_key":1450,"_type":860,"marks":1451,"text":1452},"k247",[988],"\"FPS\"",{"_key":1454,"_type":860,"marks":1455,"text":1456},"k248",[]," in the \"Transfer\" function, enters the merchant's identifier and amount, and completes the payment without mailing a check.",[],{"_key":1459,"_type":856,"children":1460,"markDefs":1465,"style":981},"k253",[1461],{"_key":1462,"_type":860,"marks":1463,"text":1464},"k252",[988],"Method 3: API Connection (For Large Online Stores)",[],{"_key":1467,"_type":856,"children":1468,"markDefs":1481,"style":885},"k261",[1469,1473,1477],{"_key":1470,"_type":860,"marks":1471,"text":1472},"k258",[],"For online shops or Apps with high transaction volumes requiring deep automation, ",{"_key":1474,"_type":860,"marks":1475,"text":1476},"k259",[988],"API integration",{"_key":1478,"_type":860,"marks":1479,"text":1480},"k260",[]," is the ideal choice.",[],{"_key":1483,"_type":856,"children":1484,"level":1034,"listItem":1035,"markDefs":1489,"style":885},"k265",[1485],{"_key":1486,"_type":860,"marks":1487,"text":1488},"k264",[],"By applying for an API directly from the bank or through a Payment Gateway provider, the FPS payment function is integrated into the enterprise's checkout system.",[],{"_key":1491,"_type":856,"children":1492,"level":1034,"listItem":1035,"markDefs":1501,"style":885},"k271",[1493,1497],{"_key":1494,"_type":860,"marks":1495,"text":1496},"k269",[988],"Advantage:",{"_key":1498,"_type":860,"marks":1499,"text":1500},"k270",[]," Allows for fully automated reconciliation. Upon successful payment, the FPS system immediately sends a \"payment confirmation\" notification via the API, allowing the online store system to automatically update the order status to \"Paid\" and arrange shipment, eliminating manual checks.",[],{"_key":1503,"_type":856,"children":1504,"markDefs":1509,"style":964},"k275",[1505],{"_key":1506,"_type":860,"marks":1507,"text":1508},"k274",[988],"Corporate FPS: How to Pay for Expenses",[],{"_key":1511,"_type":856,"children":1512,"markDefs":1517,"style":885},"k279",[1513],{"_key":1514,"_type":860,"marks":1515,"text":1516},"k278",[],"FPS is not only efficient for collection but also for outgoing payments (expenses).",[],{"_key":1519,"_type":856,"children":1520,"markDefs":1525,"style":981},"k283",[1521],{"_key":1522,"_type":860,"marks":1523,"text":1524},"k282",[988],"Paying Suppliers or Employee Payroll",[],{"_key":1527,"_type":856,"children":1528,"markDefs":1533,"style":885},"k287",[1529],{"_key":1530,"_type":860,"marks":1531,"text":1532},"k286",[],"The two largest expenditures in daily corporate operations—paying suppliers and processing payroll—can both be streamlined through FPS.",[],{"_key":1535,"_type":856,"children":1536,"level":1034,"listItem":1035,"markDefs":1541,"style":885},"k291",[1537],{"_key":1538,"_type":860,"marks":1539,"text":1540},"k290",[],"The corporate finance department can use FPS to pay HKD or RMB amounts via the corporate online banking platform.",[],{"_key":1543,"_type":856,"children":1544,"level":1034,"listItem":1035,"markDefs":1557,"style":885},"k299",[1545,1549,1553],{"_key":1546,"_type":860,"marks":1547,"text":1548},"k296",[],"Simply entering the recipient's (supplier's or employee's) ",{"_key":1550,"_type":860,"marks":1551,"text":1552},"k297",[988],"FPS Identifier",{"_key":1554,"_type":860,"marks":1555,"text":1556},"k298",[]," (phone, email, or FPS ID) allows for batch or single transfers.",[],{"_key":1559,"_type":856,"children":1560,"markDefs":1565,"style":981},"k303",[1561],{"_key":1562,"_type":860,"marks":1563,"text":1564},"k302",[988],"Payment Verification and Instant Crediting",[],{"_key":1567,"_type":856,"children":1568,"level":1034,"listItem":1035,"markDefs":1585,"style":885},"k313",[1569,1573,1577,1581],{"_key":1570,"_type":860,"marks":1571,"text":1572},"k309",[988],"Security Verification:",{"_key":1574,"_type":860,"marks":1575,"text":1576},"k310",[]," Before confirming the payment, the FPS system displays a ",{"_key":1578,"_type":860,"marks":1579,"text":1580},"k311",[988],"partially masked payee name",{"_key":1582,"_type":860,"marks":1583,"text":1584},"k312",[]," (e.g., CHAN T** M*** or ABC TRAD*** CO LTD). The payer must carefully verify this name to ensure the funds are paid to the correct party.",[],{"_key":1587,"_type":856,"children":1588,"level":1034,"listItem":1035,"markDefs":1597,"style":885},"k319",[1589,1593],{"_key":1590,"_type":860,"marks":1591,"text":1592},"k317",[988],"Instant Crediting:",{"_key":1594,"_type":860,"marks":1595,"text":1596},"k318",[]," Once confirmed, the funds are transferred instantly to the recipient's bank account within seconds, and the recipient also receives immediate notification.",[],{"_key":1599,"_type":856,"children":1600,"markDefs":1605,"style":964},"k323",[1601],{"_key":1602,"_type":860,"marks":1603,"text":1604},"k322",[988],"Bank Service Fees and Comparison",[],{"_key":1607,"_type":856,"children":1608,"markDefs":1613,"style":885},"k327",[1609],{"_key":1610,"_type":860,"marks":1611,"text":1612},"k326",[],"This is the most pressing question for all businesses: What exactly does Corporate FPS cost?",[],{"_key":1615,"_type":856,"children":1616,"markDefs":1621,"style":981},"k331",[1617],{"_key":1618,"_type":860,"marks":1619,"text":1620},"k330",[988],"Bank Service Fees: The Merchant's Main Cost",[],{"_key":1623,"_type":856,"children":1624,"markDefs":1629,"style":885},"k335",[1625],{"_key":1626,"_type":860,"marks":1627,"text":1628},"k334",[],"The FPS system itself (operated by the HKMA) is free, but banks charge service fees to merchants (i.e., holders of business accounts).",[],{"_key":1631,"_type":856,"children":1632,"markDefs":1637,"style":885},"k339",[1633],{"_key":1634,"_type":860,"marks":1635,"text":1636},"k338",[],"Bank fee structures are diverse and may include:",[],{"_key":1639,"_type":856,"children":1640,"level":1034,"listItem":1035,"markDefs":1649,"style":885},"k345",[1641,1645],{"_key":1642,"_type":860,"marks":1643,"text":1644},"k343",[988],"Per Transaction Fee:",{"_key":1646,"_type":860,"marks":1647,"text":1648},"k344",[]," The most common model. The bank charges a fixed fee for every successful transaction, whether incoming or outgoing (e.g., HKD 1.0 - 2.0).",[],{"_key":1651,"_type":856,"children":1652,"level":1034,"listItem":1035,"markDefs":1661,"style":885},"k351",[1653,1657],{"_key":1654,"_type":860,"marks":1655,"text":1656},"k349",[988],"Percentage of Transaction Amount:",{"_key":1658,"_type":860,"marks":1659,"text":1660},"k350",[]," Similar to credit card fees, charging a percentage (e.g., 0.5% - 1.5%) of the transaction amount, more common for SVF merchant collection.",[],{"_key":1663,"_type":856,"children":1664,"level":1034,"listItem":1035,"markDefs":1673,"style":885},"k357",[1665,1669],{"_key":1666,"_type":860,"marks":1667,"text":1668},"k355",[988],"Monthly Package:",{"_key":1670,"_type":860,"marks":1671,"text":1672},"k356",[]," Some banks offer monthly packages for businesses with high transaction frequency, including a set number of free transactions, with charges applied per transaction thereafter.",[],{"_key":1675,"_type":856,"children":1676,"markDefs":1681,"style":981},"k361",[1677],{"_key":1678,"_type":860,"marks":1679,"text":1680},"k360",[988],"Example FPS Fees for Major Bank Business Accounts (Reference Only)",[],{"_key":1683,"_type":856,"children":1684,"markDefs":1693,"style":885},"k367",[1685,1689],{"_key":1686,"_type":860,"marks":1687,"text":1688},"k365",[988],"Important Reminder:",{"_key":1690,"_type":860,"marks":1691,"text":1692},"k366",[]," The table below is intended to illustrate possible fee models. Before selecting or using FPS services, businesses must proactively inquire with their respective banks (e.g., HSBC, Hang Seng, BOC, etc.) for the latest official \"Bank Tariff for Business Accounts.\"",[],{"_key":1695,"_type":1696,"columnHeaders":1697,"hasColumnTitles":129,"hasRowTitles":142,"rows":1714},"k368","richTableBlock",[1698,1703,1706,1710],{"_key":1699,"_type":1700,"cellIndex":1701,"title":1702},"k369","columnHeader",0,"Institution Type",{"_key":1704,"_type":1700,"cellIndex":1034,"title":1705},"k370","Service Item",{"_key":1707,"_type":1700,"cellIndex":1708,"title":1709},"k371",2,"Fee Model Example (Reference only, not official quote)",{"_key":1711,"_type":1700,"cellIndex":1712,"title":1713},"k372",3,"Key Corporate Inquiry Points",[1715,1780,1831,1885,1931],{"_key":1716,"_type":1717,"cells":1718},"k373","row",[1719,1735,1750,1769],{"_key":1720,"_type":1721,"content":1722},"k374","richTableCell",[1723],{"_key":1724,"_type":856,"children":1725,"markDefs":1734,"style":885},"k456",[1726,1730],{"_key":1727,"_type":860,"marks":1728,"text":1729},"k454",[988],"Traditional Banks",{"_key":1731,"_type":860,"marks":1732,"text":1733},"k455",[],"(e.g., HSBC, HSB, BOC)",[],{"_key":1736,"_type":1721,"content":1737},"k378",[1738],{"_key":1739,"_type":856,"children":1740,"markDefs":1749,"style":885},"k461",[1741,1745],{"_key":1742,"_type":860,"marks":1743,"text":1744},"k459",[988],"FPS Payment",{"_key":1746,"_type":860,"marks":1747,"text":1748},"k460",[],"(B2B or B2P Payroll)",[],{"_key":1751,"_type":1721,"content":1752},"k382",[1753],{"_key":1754,"_type":856,"children":1755,"markDefs":1768,"style":885},"k469",[1756,1760,1764],{"_key":1757,"_type":860,"marks":1758,"text":1759},"k466",[],"Online banking: HKD 1 - HKD 8 (per transaction).",{"_key":1761,"_type":860,"marks":1762,"text":1763},"k467",[1371],"Example: Some banks charge HKD 5 to HKD 8 for transfers under HKD 1M.Promotional Periods:",{"_key":1765,"_type":860,"marks":1766,"text":1767},"k468",[],"May offer full fee waiver (e.g., Hang Seng promotion in 2025).",[],{"_key":1770,"_type":1721,"content":1771},"k388",[1772],{"_key":1773,"_type":856,"children":1774,"markDefs":1779,"style":885},"k472",[1775],{"_key":1776,"_type":860,"marks":1777,"text":1778},"k471",[],"What is the standard fee? When does the promotional waiver end? Are batch payments (Payroll) charged differently?",[],{"_key":1781,"_type":1717,"cells":1782},"k391",[1783,1786,1801,1820],{"_key":1784,"_type":1721,"content":1785},"k392",[],{"_key":1787,"_type":1721,"content":1788},"k395",[1789],{"_key":1790,"_type":856,"children":1791,"markDefs":1800,"style":885},"k477",[1792,1796],{"_key":1793,"_type":860,"marks":1794,"text":1795},"k475",[988],"FPS Collection",{"_key":1797,"_type":860,"marks":1798,"text":1799},"k476",[],"(Client Payment)",[],{"_key":1802,"_type":1721,"content":1803},"k399",[1804],{"_key":1805,"_type":856,"children":1806,"markDefs":1819,"style":885},"k484",[1807,1811,1815],{"_key":1808,"_type":860,"marks":1809,"text":1810},"k481",[],"Banks often waive fees for incoming deposits. However,",{"_key":1812,"_type":860,"marks":1813,"text":1814},"k482",[988],"Merchant Collection",{"_key":1816,"_type":860,"marks":1817,"text":1818},"k483",[],"via QR Code may be charged a percentage fee.",[],{"_key":1821,"_type":1721,"content":1822},"k404",[1823],{"_key":1824,"_type":856,"children":1825,"markDefs":1830,"style":885},"k487",[1826],{"_key":1827,"_type":860,"marks":1828,"text":1829},"k486",[],"Is collection via FPS ID \u002F email charged? What is the fee structure for QR Code collection?",[],{"_key":1832,"_type":1717,"cells":1833},"k407",[1834,1849,1863,1874],{"_key":1835,"_type":1721,"content":1836},"k408",[1837],{"_key":1838,"_type":856,"children":1839,"markDefs":1848,"style":885},"k492",[1840,1844],{"_key":1841,"_type":860,"marks":1842,"text":1843},"k490",[988],"Virtual Banks",{"_key":1845,"_type":860,"marks":1846,"text":1847},"k491",[],"(e.g., ZA Bank, Airstar)",[],{"_key":1850,"_type":1721,"content":1851},"k412",[1852],{"_key":1853,"_type":856,"children":1854,"markDefs":1862,"style":885},"k497",[1855,1858],{"_key":1856,"_type":860,"marks":1857,"text":1744},"k495",[988],{"_key":1859,"_type":860,"marks":1860,"text":1861},"k496",[],"(B2B \u002F B2P Transfer)",[],{"_key":1864,"_type":1721,"content":1865},"k416",[1866],{"_key":1867,"_type":856,"children":1868,"markDefs":1873,"style":885},"k500",[1869],{"_key":1870,"_type":860,"marks":1871,"text":1872},"k499",[],"Mostly free. This is a key advantage virtual banks use to attract SMEs.",[],{"_key":1875,"_type":1721,"content":1876},"k419",[1877],{"_key":1878,"_type":856,"children":1879,"markDefs":1884,"style":885},"k503",[1880],{"_key":1881,"_type":860,"marks":1882,"text":1883},"k502",[],"Is there a daily\u002Fmonthly free transfer limit? What is the fee after exceeding the limit?",[],{"_key":1886,"_type":1717,"cells":1887},"k422",[1888,1891,1905,1920],{"_key":1889,"_type":1721,"content":1890},"k423",[],{"_key":1892,"_type":1721,"content":1893},"k426",[1894],{"_key":1895,"_type":856,"children":1896,"markDefs":1904,"style":885},"k508",[1897,1900],{"_key":1898,"_type":860,"marks":1899,"text":1795},"k506",[988],{"_key":1901,"_type":860,"marks":1902,"text":1903},"k507",[],"(Merchant Registration Fee)",[],{"_key":1906,"_type":1721,"content":1907},"k430",[1908],{"_key":1909,"_type":856,"children":1910,"markDefs":1919,"style":885},"k514",[1911,1915],{"_key":1912,"_type":860,"marks":1913,"text":1914},"k512",[],"Charged as a percentage.",{"_key":1916,"_type":860,"marks":1917,"text":1918},"k513",[1371],"Example: ZA Bank charges 0.6% of the transaction amount for FPS Business Registration (QR Code Collection).Note: This differs from general 'FPS ID deposit'.",[],{"_key":1921,"_type":1721,"content":1922},"k435",[1923],{"_key":1924,"_type":856,"children":1925,"markDefs":1930,"style":885},"k517",[1926],{"_key":1927,"_type":860,"marks":1928,"text":1929},"k516",[],"How does the fee differ between general FPS deposit and merchant QR Code collection? 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Tends to offer a certain number of free local transactions or provides service at extremely low cost.",[],{"_key":1972,"_type":1721,"content":1973},"k449",[1974],{"_key":1975,"_type":856,"children":1976,"markDefs":1981,"style":885},"k531",[1977],{"_key":1978,"_type":860,"marks":1979,"text":1980},"k530",[],"How many free local transfers are included in the account plan? 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If the name does not match, do not proceed with the transaction. FPS transfers are instant, and once an error occurs, the funds are almost irreversible.",[],{"_key":2110,"_type":856,"children":2111,"level":1034,"listItem":1035,"markDefs":2120,"style":885},"k601",[2112,2116],{"_key":2113,"_type":860,"marks":2114,"text":2115},"k599",[988],"Set Reasonable Limits:",{"_key":2117,"_type":860,"marks":2118,"text":2119},"k600",[]," Log in to your corporate online banking and set a reasonable daily transfer limit based on actual business needs. This minimizes potential loss in case the account is compromised.",[],{"_key":2122,"_type":856,"children":2123,"level":1034,"listItem":1035,"markDefs":2132,"style":885},"k607",[2124,2128],{"_key":2125,"_type":860,"marks":2126,"text":2127},"k605",[988],"Guard Against Phishing:",{"_key":2129,"_type":860,"marks":2130,"text":2131},"k606",[]," Corporate finance staff should be vigilant against any fraudulent emails or messages claiming to be from the bank or FPS, asking you to \"update data\" or warning of \"account freezing.\" Never click on suspicious links to make payments or enter passwords.",[],{"_key":2134,"_type":856,"children":2135,"markDefs":2140,"style":964},"k611",[2136],{"_key":2137,"_type":860,"marks":2138,"text":2139},"k610",[988],"Alternative to Traditional Banks: How Aspire Business Account Uses FPS",[],{"_key":2142,"_type":856,"children":2143,"markDefs":2148,"style":885},"k615",[2144],{"_key":2145,"_type":860,"marks":2146,"text":2147},"k614",[],"In recent years, many Fintech platforms have emerged alongside traditional banks, offering SMEs more flexible commercial account options. Aspire is one such platform.",[],{"_key":2150,"_type":856,"children":2151,"markDefs":2183,"style":885},"k634",[2152,2156,2161,2166,2170,2175,2179],{"_key":2153,"_type":860,"marks":2154,"text":2155},"k627",[],"[IMAGE_PLACEHOLDER_1]Aspire platform supports ",{"_key":2157,"_type":860,"marks":2158,"text":2160},"k628",[2159,988],"k617","free FPS and CHATS",{"_key":2162,"_type":860,"marks":2163,"text":2165},"k629",[2164],"k619"," transfers",{"_key":2167,"_type":860,"marks":2168,"text":2169},"k630",[],", ensuring local transfers and payroll are timely. Additionally, Aspire provides global remittance solutions, allowing businesses to make ",{"_key":2171,"_type":860,"marks":2172,"text":2174},"k631",[2173,988],"k622","international transfers",{"_key":2176,"_type":860,"marks":2177,"text":2178},"k632",[988]," at lower exchange rates",{"_key":2180,"_type":860,"marks":2181,"text":2182},"k633",[],", saving on cross-border payment costs from the source.",[2184,2186,2187],{"_key":2159,"_type":881,"externalUrl":2185,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Fpricing",{"_key":2164,"_type":881,"externalUrl":2185,"linkType":359},{"_key":2173,"_type":881,"externalUrl":2188,"linkType":359},"https:\u002F\u002Faspireapp.com\u002Fhk\u002Fblog\u002Finternational-payments",{"_key":2190,"_type":856,"children":2191,"markDefs":2196,"style":981},"k638",[2192],{"_key":2193,"_type":860,"marks":2194,"text":2195},"k637",[988],"How Does the Aspire Business Account Utilize FPS?",[],{"_key":2198,"_type":856,"children":2199,"level":1034,"listItem":1035,"markDefs":2208,"style":885},"k644",[2200,2204],{"_key":2201,"_type":860,"marks":2202,"text":2203},"k642",[988],"Integrated FPS System:",{"_key":2205,"_type":860,"marks":2206,"text":2207},"k643",[]," The commercial account service provided by Aspire in Hong Kong is fully integrated with Hong Kong's Faster Payment System (FPS).",[],{"_key":2210,"_type":856,"children":2211,"level":1034,"listItem":1035,"markDefs":2220,"style":885},"k650",[2212,2216],{"_key":2213,"_type":860,"marks":2214,"text":2215},"k648",[988],"Receiving Funds:",{"_key":2217,"_type":860,"marks":2218,"text":2219},"k649",[]," Upon opening an Aspire account, businesses receive dedicated local account details and an FPS Identifier. Clients can instantly deposit HKD into your Aspire account via FPS, just as they would with any traditional bank transfer.",[],{"_key":2222,"_type":856,"children":2223,"level":1034,"listItem":1035,"markDefs":2232,"style":885},"k656",[2224,2228],{"_key":2225,"_type":860,"marks":2226,"text":2227},"k654",[988],"Making Payments:",{"_key":2229,"_type":860,"marks":2230,"text":2231},"k655",[]," Businesses can log in to the Aspire platform to make FPS transfers to local suppliers or employees.",[],{"_key":2234,"_type":856,"children":2235,"level":1034,"listItem":1035,"markDefs":2268,"style":885},"k674",[2236,2240,2244,2248,2252,2256,2260,2264],{"_key":2237,"_type":860,"marks":2238,"text":2239},"k666",[988],"Core Advantages:",{"_key":2241,"_type":860,"marks":2242,"text":2243},"k667",[]," Aspire focuses on a ",{"_key":2245,"_type":860,"marks":2246,"text":2247},"k668",[988],"faster account opening process",{"_key":2249,"_type":860,"marks":2250,"text":2251},"k669",[]," (potentially same-day), ",{"_key":2253,"_type":860,"marks":2254,"text":2255},"k670",[988],"lower transaction costs",{"_key":2257,"_type":860,"marks":2258,"text":2259},"k671",[]," (free FPS), and an ",{"_key":2261,"_type":860,"marks":2262,"text":2263},"k672",[988],"easy-to-use, fully digital interface",{"_key":2265,"_type":860,"marks":2266,"text":2267},"k673",[],", making it ideal for startups and digital SMEs.",[],{"slug":930,"title":931},{"_type":144,"alternativeText":2271,"height":145,"url":2272,"width":147},"FPS for Business: How to Receive Payments to Your Corporate FPS Account","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002Ff1845e5d0928bbc6c699970c4b9fa268\u002Fshared_cover_f1845e5d.jpeg",[2274,2281,2289,2296,2302,2310],{"_key":960,"_type":856,"children":2275,"level":1034,"listItem":1035,"markDefs":2280,"style":885},[2276],{"_key":2277,"_type":860,"marks":2278,"text":2279},"k1",[],"24x7 real-time HKD\u002FRMB payments via identifiers boost corporate cash flow.",[],{"_key":2282,"_type":856,"children":2283,"level":1034,"listItem":1035,"markDefs":2288,"style":885},"k5",[2284],{"_key":2285,"_type":860,"marks":2286,"text":2287},"k4",[],"Corporate FPS differs from Personal FPS primarily due to transaction fees charged by banks for business accounts.",[],{"_key":2290,"_type":856,"children":2291,"level":1034,"listItem":1035,"markDefs":2295,"style":885},"k8",[2292],{"_key":966,"_type":860,"marks":2293,"text":2294},[],"Registration strictly requires a valid Business Bank Account (personal accounts are ineligible).",[],{"_key":974,"_type":856,"children":2297,"level":1034,"listItem":1035,"markDefs":2301,"style":885},[2298],{"_key":977,"_type":860,"marks":2299,"text":2300},[],"Bank fee structures vary; always check official fee schedules and do not rely on promotional waivers.",[],{"_key":2303,"_type":856,"children":2304,"level":1034,"listItem":1035,"markDefs":2309,"style":885},"k14",[2305],{"_key":2306,"_type":860,"marks":2307,"text":2308},"k13",[],"Due to instant, irreversible transfers, always verify the masked payee name to avoid fraud\u002Ferrors.",[],{"_key":983,"_type":856,"children":2311,"level":1034,"listItem":1035,"markDefs":2315,"style":885},[2312],{"_key":991,"_type":860,"marks":2313,"text":2314},[],"Fintech platforms like Aspire offer integrated FPS with faster setup and competitive fees.",[],[2317,2323],{"_key":960,"_type":856,"children":2318,"markDefs":2322,"style":885},[2319],{"_key":2277,"_type":860,"marks":2320,"text":2321},[],"Many businesses assume Corporate FPS services are free, just like Personal FPS, only to discover banks charge fees upon application. What is the true cost of Corporate FPS services? How do the fee structures of different banks (including traditional and virtual banks) compare?",[],{"_key":2282,"_type":856,"children":2324,"markDefs":2328,"style":885},[2325],{"_key":2285,"_type":860,"marks":2326,"text":2327},[],"This article reveals the true costs of FPS business accounts, comprehensively comparing the cost-effectiveness of various schemes, from registering identifier IDs to setting up QR code merchant collection, helping you make the most cost-effective choice while enjoying instant payment convenience.",[],"2025-12-04T00:00:00.000Z",{"_type":139,"metaDescription":2331,"metaTitle":2271,"socialShareImageUrl":2332},"Apply for Corporate FPS? Read this guide to learn about registration steps, major bank fees, and setup for instant payment efficiency.",{"_type":144,"alternativeText":2271,"height":145,"url":2272,"width":147},"set-up-business-fps",[2335,2341,2347,2353,2359,2365,2371,2379,2385,2392,2400,2407,2414,2421,2429,2435],{"_key":960,"_type":856,"children":2336,"level":1034,"listItem":1035,"markDefs":2340,"style":885},[2337],{"_key":2277,"_type":860,"marks":2338,"text":2339},[],"\"Hong Kong Monetary Authority (HKMA). Faster Payment System (FPS). Retrieved from https:\u002F\u002Fwww.hkma.gov.hk\u002Feng\u002Fkey-functions\u002Finternational-financial-centre\u002Ffinancial-market-infrastructure\u002Ffaster-payment-system-fps\u002F",[],{"_key":2282,"_type":856,"children":2342,"level":1034,"listItem":1035,"markDefs":2346,"style":885},[2343],{"_key":2285,"_type":860,"marks":2344,"text":2345},[],"Hong Kong Interbank Clearing Limited (HKICL). FPS – Overview. Retrieved from https:\u002F\u002Ffps.hkicl.com.hk\u002Feng\u002Ffps\u002Fabout_fps\u002Foverview.php",[],{"_key":2290,"_type":856,"children":2348,"level":1034,"listItem":1035,"markDefs":2352,"style":885},[2349],{"_key":966,"_type":860,"marks":2350,"text":2351},[],"HKICL. Participants – FPS. Retrieved from https:\u002F\u002Ffps.hkicl.com.hk\u002Feng\u002Ffps\u002Fabout_fps\u002Fparticipant.php",[],{"_key":974,"_type":856,"children":2354,"level":1034,"listItem":1035,"markDefs":2358,"style":885},[2355],{"_key":977,"_type":860,"marks":2356,"text":2357},[],"HKMA. Implementation Guideline: Common QR Code for Retail Payments in Hong Kong. Retrieved from https:\u002F\u002Fwww.hkma.gov.hk\u002Fmedia\u002Feng\u002Fdoc\u002Fkey-functions\u002Ffinancial-infrastructure\u002Finfrastructure\u002Fretail-payment-initiatives\u002FImplementation_Guideline_on_Common_QR_Code.pdf",[],{"_key":2303,"_type":856,"children":2360,"level":1034,"listItem":1035,"markDefs":2364,"style":885},[2361],{"_key":2306,"_type":860,"marks":2362,"text":2363},[],"HKICL. Merchants – Overview (FPS Identifier). Retrieved from https:\u002F\u002Ffps.hkicl.com.hk\u002Feng\u002Ffps\u002Fmerchants\u002Foverview.php",[],{"_key":983,"_type":856,"children":2366,"level":1034,"listItem":1035,"markDefs":2370,"style":885},[2367],{"_key":991,"_type":860,"marks":2368,"text":2369},[],"Hang Seng Bank. FAQ – Faster Payment System (FPS) – Addressing Services (Business). Retrieved from https:\u002F\u002Fwww.hangseng.com\u002Fen-hk\u002Fbusiness\u002Fcontentservices\u002Fbib_faq\u002Ffaq\u002Ffaq02fpsadd\u002F",[],{"_key":2372,"_type":856,"children":2373,"level":1034,"listItem":1035,"markDefs":2378,"style":885},"k20",[2374],{"_key":2375,"_type":860,"marks":2376,"text":2377},"k19",[],"HKMA. Smart Consumers – Faster Payment System (steps & masked name). Retrieved from https:\u002F\u002Fwww.hkma.gov.hk\u002Feng\u002Fsmart-consumers\u002Ffaster-payment-system\u002F",[],{"_key":996,"_type":856,"children":2380,"level":1034,"listItem":1035,"markDefs":2384,"style":885},[2381],{"_key":1003,"_type":860,"marks":2382,"text":2383},[],"Bank of China (Hong Kong). Internet Banking Help – Faster Payment System (masked payee name). Retrieved from https:\u002F\u002Fits.bochk.com\u002Fbanking\u002FadaptiveTransfer\u002Fhelp\u002Fibs_fps_help_boc_e.html",[],{"_key":1011,"_type":856,"children":2386,"level":1034,"listItem":1035,"markDefs":2391,"style":885},[2387],{"_key":2388,"_type":860,"marks":2389,"text":2390},"k25",[],"HSBC Commercial Banking (繁中). 「轉數快」支付系統（Business）。Retrieved from https:\u002F\u002Fwww.business.hsbc.com.hk\u002Fzh-hk\u002Fproducts\u002Ffaster-payment-system",[],{"_key":2393,"_type":856,"children":2394,"level":1034,"listItem":1035,"markDefs":2399,"style":885},"k29",[2395],{"_key":2396,"_type":860,"marks":2397,"text":2398},"k28",[],"HSBC Commercial Banking. HSBC Business Collect（含 FPS\u002FPromptPay、API）。Retrieved from https:\u002F\u002Fwww.business.hsbc.com.hk\u002Fen-gb\u002Fproducts\u002Fhsbc-business-collect",[],{"_key":2401,"_type":856,"children":2402,"level":1034,"listItem":1035,"markDefs":2406,"style":885},"k32",[2403],{"_key":1016,"_type":860,"marks":2404,"text":2405},[],"ZA Bank. 〖轉數快登記〗與〖轉數快商業登記〗的區別（商戶收款 0.6%）。Retrieved from https:\u002F\u002Fbank.za.group\u002Fhk\u002Fsupport\u002Fdetails?FAQ=the-difference-between-FPS-Registration-and-FPS-Merchant-Registration&PFAQ=business-transfer-service&title=Business",[],{"_key":1027,"_type":856,"children":2408,"level":1034,"listItem":1035,"markDefs":2413,"style":885},[2409],{"_key":2410,"_type":860,"marks":2411,"text":2412},"k34",[],"Hang Seng Bank. FAQ – Faster Payment System (FPS) – Fund Transfer (Business). Retrieved from https:\u002F\u002Fwww.hangseng.com\u002Fen-hk\u002Fbusiness\u002Fcontentservices\u002Fbib_faq\u002Ffaq\u002Ffaq02fpsft\u002F",[],{"_key":2415,"_type":856,"children":2416,"level":1034,"listItem":1035,"markDefs":2420,"style":885},"k38",[2417],{"_key":1024,"_type":860,"marks":2418,"text":2419},[],"HKICL. Merchants – Frequently Asked Questions. Retrieved from https:\u002F\u002Ffps.hkicl.com.hk\u002Feng\u002Ffps\u002Fmerchants\u002Ffrequently_asked_questions.php",[],{"_key":2422,"_type":856,"children":2423,"level":1034,"listItem":1035,"markDefs":2428,"style":885},"k41",[2424],{"_key":2425,"_type":860,"marks":2426,"text":2427},"k40",[],"Aspire Help Centre. Paying Salaries & MPF contributions（FPS\u002FCHATS）。Retrieved from https:\u002F\u002Fhelp.aspireapp.com\u002Fhk\u002Fen\u002Farticles\u002F10799495-paying-salaries-mpf-contributions",[],{"_key":1045,"_type":856,"children":2430,"level":1034,"listItem":1035,"markDefs":2434,"style":885},[2431],{"_key":1041,"_type":860,"marks":2432,"text":2433},[],"Aspire Help Centre. Guide to Receiving Local Transfers to Aspire HKD Account. Retrieved from https:\u002F\u002Fhelp.aspireapp.com\u002Fhk\u002Fen\u002Farticles\u002F11553390-guide-to-receiving-local-transfers-to-aspire-hkd-account",[],{"_key":1038,"_type":856,"children":2436,"level":1034,"listItem":1035,"markDefs":2440,"style":885},[2437],{"_key":1053,"_type":860,"marks":2438,"text":2439},[],"Bank of China (Hong Kong). FPS x PromptPay QR Payment – Terms & Conditions (PDF). Retrieved from https:\u002F\u002Fwww.bochk.com\u002Fdam\u002Fcreditcard\u002Fpromptpay_tnc_en.pdf\"",[],1791455351237]