Normal HSBC rates

HSBC rates in Hong Kong are very high, what is it like in other countries

[derekwong28]

These are the merchant account rates for HSBC in, of all places Hong Kong.

Set-up charge: US$ 1280
Annual fee: US$ 1280
transaction charge: varies from 3.5% to 5.5%
Unmovable deposit: US$64100

Can somebody tell me what are the HSBC rates in the UK, US, and other countries. These seems incredibly steep to me.

[Miklo]

If these are the real rates, you are better off using a third party processing solution!

I have no clue what the set up fee of HSBC Bank in the U.K. is, I guess it is around 500 to 750 GBP, but I certainly know that the processing rate is a lot lower, probably around 2 - 2.5%.

[chodges84]

It does seem steep.

I thought that banks implied higher charges on 'Risky' Countries, but I defiantely wouldn't put Hong Kong in that list.

I don't know the price here n the UK, but I'm guessing its much lower, since you can get other merchant accounts fo less form other well know banks (lloyds, barclays, abbey).

[Beagle]

I thought that banks implied higher charges on 'Risky' Countries, but I defiantely wouldn't put Hong Kong in that list.

I don't know if it makes any difference, but Hong Kong is officially part of China. If a bank sets rates specifically by country, that could affect things. If the bank tailors rates for specific circumstances, you'd think it would set a separate rate for Hong Kong.

[chodges84]

I'm pretty sure that Hong Kong would be classed seperately to China, but I wouldn't be sure.