China's e-commerce market is the largest in the world by scale, but everyday consumer payments are overwhelmingly concentrated in two mobile wallets, Alipay and WeChat Pay, which makes it hard for PayPal to become a primary payment method there. That said, PayPal is a global payment platform that has been in use across more than 200 markets worldwide since it was founded in 1998, so it's worth considering as a supplementary method for businesses that also want to capture Chinese customers who are used to international payments through overseas direct purchases, study abroad, or business travel, as well as ethnically Chinese customers living outside mainland China.

So for a business targeting only mainland Chinese consumers, it makes sense to adopt local wallets first and add PayPal alongside them — this is a realistic setup for digital services that serve customers from multiple countries through a single global checkout page, small-value B2B transactions, and shopping sites with a meaningful share of Chinese-speaking customers living abroad.

Without installing any separate app, the customer logs into their PayPal account and approves the payment using a card, bank account, or balance they've already linked. Hecto Financial receives the resulting funds in the local currency, converts them, and pays out to merchants in Korea in whichever currency — USD, KRW, or JPY — was set under the contract. Please confirm the implementation method (payment button, redirect, etc.) and authentication process through technical documentation before integrating.

Businesses registered in Korea can consider accepting PayPal payments through Hecto Financial without entering into a separate local contract in China. That said, the share of mainland Chinese customers who actually use PayPal may be limited, so it's advisable to review the support terms (settlement cycle, fees, currency options) alongside the expected sales impact during the consultation stage.

• Business registration country

  Confirm contract eligibility for businesses registered in Korea

• Sales channel

  The integration method differs depending on whether you sell online only or also operate physical stores in China

• Product category

  Check in advance whether your category falls under restricted business types per PayPal's operator's merchant policy

• Local regulatory compliance

  Confirm compliance with China's payment and foreign exchange regulations (see official sources below)

Funds from transactions approved via PayPal are received by Hecto Financial in the local currency, converted, and paid out to merchants in Korea, with the settlement currency being not the local currency but whichever of USD, KRW, or JPY is selected under the contract. The settlement cycle and fee rate are set by the contract terms. PayPal also has its own dispute and chargeback process under its buyer protection policy, so it's worth confirming before contracting that both PayPal's policy and Hecto Financial's operating policy apply in the event of a refund or dispute.

• People's Bank of China (PBOC)Official information on China's payment systems and related regulations. If this page's content differs from actual regulations, the official sources take precedence.