TC006431)
16-08-01906 (Unit 605C, 6/F, InnoCentre, Kowloon Tong)
23101740381, 4 September 2020 Form M1 Charge Barcode 22101570165, 36-page Charge Instrument 22101570166, and Certificate of Charge 40016937797) and the Hong Kong Customs MSO Register.
For direct-to-consumer (DTC) independent e-commerce brands operating on Shopify, SHOPLINE, WooCommerce, or Magento, relying solely on self-service gateways like PayPal or Stripe often exposes Asian merchants to sudden 180-day account freezes. Co-founded in 2014 by veteran card acquiring executives Lanny Yang (楊新芳) and Liu Chaofeng (劉超峰) and backed by SummitView Capital (基石資本), Oceanpayment (錢海) has become a premier cross-border card acquirer supporting 500+ global payment methods. Before signing a merchant agreement, CFOs should verify three statutory facts[1][2]:
- Contracting Hong Kong Entity: Oceanpayment's primary licensed entity is Oceanpayment Co., Limited (CR No.:
2277030, BRN:65155474), incorporated on 20 August 2015 and holding Hong Kong Customs Money Service Operator Licence No.16-08-01906continuously since August 2016; - 2020 "Form M2 Release & Form M1 Re-Charge" Credit Upgrade: On 8 April 2020, the company filed a Form M2 Memorandum of Satisfaction of Mortgage (Barcode:
23101740381) discharging its earlier facility, followed on 4 September 2020 by a new Form M1 Charge (Barcode:22101570165) and a 36-page Charge Instrument (Barcode:22101570166) expanding its institutional clearing bank collateral[1]; - Silvercord & InnoCentre Dual Footprint with Zero Litigation: Its registered office is at Room 705A, 7/F, Block 2, Silvercord, 30 Canton Road, Tsim Sha Tsui, its Customs MSO operational hub is at Unit 605C, 6/F, InnoCentre, 72 Tat Chee Avenue, Kowloon Tong, and it maintains zero court litigation or winding-up records (
has_lit=0)[5].
1. DTC Acquiring Commercial Structure: Setup Fees, MDR & 180-Day Rolling Reserve Accounting
| Commercial Term | Standard Industry Structure | Card Scheme & MSO Regulatory Rationale | HKFRS Accounting & CFO Audit Best Practice |
|---|---|---|---|
| 1. Setup & Annual Technical Fee | One-off MID onboarding fee + annual gateway maintenance fee per card scheme bundle | Covers dedicated sub-merchant ID (MID) registration, PCI-DSS Level 1 infrastructure, and Cap. 615 KYB due diligence. | Recognize as payment gateway service expense supported by official invoices issued by Oceanpayment Co., Limited. |
| 2. Merchant Discount Rate (MDR) | Percentage per captured transaction (~2.8%–3.8% by card brand/volume) + fixed per-tx gateway fee | Comprises issuer interchange, Visa/Mastercard scheme fees, and acquirer risk/settlement markup. | Reconcile monthly gross captured sales against net settled payouts using Oceanpayment settlement statements. |
| 3. 180-Day Rolling Reserve | Withholds 5%–10% of settled transaction volume for 180 days, releasing on a rolling basis on Day 181 | Card Scheme Mandate: Overseas cardholders hold 120–180 day chargeback rights; rolling reserves collateralize acquirer liability against merchant default. | Do not expense! Record on the Hong Kong balance sheet under Current Assets as "Other Receivables — Acquirer Rolling Reserve" and track release cohorts. |
| 4. T+N Settlement Payout | T+7 to T+14 post-shipment tracking verification, remitted via MSO 16-08-01906 to merchant bank/MSO account | Verifies carrier tracking numbers to prevent unfulfilled-order chargebacks and AML trade fraud. | Settle directly into a same-name HK corporate account at HSBC/OCBC or licensed peers like Airwallex / Statrys. |
2. ICRIS 13-Filing Ledger: Decoding the 2020 "Form M2 Release → 36-Page Form M1 Charge" Upgrade
| Filing Date | Form Code | Statutory Document Title & Capital Significance | ICRIS 11-Digit Barcode | Pages & Access |
|---|---|---|---|---|
| 2022-08-23 | NAR1 | Annual Return 2022 (Form NAR1) 7th anniversary statutory annual return | 22202573929 | 8p · View |
| 2021-12-24 | NR1 | Notice of Change of Registered Office Address (Form NR1) Updates statutory registered office to Room 705A, 7/F, Block 2, Silvercord, 30 Canton Road, TST | 24001242627 | 1p · View |
| 2021-08-20 | NAR1 | Annual Return 2021 (Form NAR1) 6th anniversary statutory annual return | 23601559239 | 8p · View |
| 2020-09-04 | CERT_CHG | Certificate of Registration of Charge Official certificate issued by the Registrar of Companies under Part 8 of Cap. 622 | 40016937797 | 1p · View |
| 2020-09-04 | M1 | Particulars of Mortgage or Charge (Form M1) Expanded institutional clearing bank security registered during the 2020 DTC e-commerce surge | 22101570165 | 2p · View |
| 2020-09-04 | INSTRUMENT | Certified Charge Instrument (36-Page Security Agreement) Consecutive barcode ( 0165 → 0166) containing the 36-page clearing collateral instrument | 22101570166 | 36p · View |
| 2020-08-21 | NAR1 | Annual Return 2020 (Form NAR1) 5th anniversary statutory annual return | 23101772671 | 8p · View |
| 2020-04-08 | M2 | Memorandum of Satisfaction of Mortgage (Form M2) Full satisfaction and release of prior charge obligation | 23101740381 | 2p · View |
3. Keeping Visa VDMP / Mastercard ECM Chargeback Ratios Below 0.9%
Deploy Dynamic 3DS 2.0 for Fraud Liability Shift
Enabling 3-D Secure 2.0 on high-ticket DTC orders shifts fraudulent card-not-present chargeback liability from the merchant to the card-issuing bank.
Activate Ethoca & Verifi RDR Pre-Dispute Alerts
Automatically refunding disputed transactions during the pre-dispute alert window prevents complaints from converting into formal card scheme chargebacks.
Verify InnoCentre & Silvercord Statutory Premises
Oceanpayment's Customs MSO operational center at Unit 605C, 6/F, InnoCentre, 72 Tat Chee Avenue, Kowloon Tong sits in the same FinTech hub building as Nium Limited (CR 2298943, 5/F Room 517), while its statutory registered office is at Room 705A, 7/F, Block 2, Silvercord, Tsim Sha Tsui[1][3].
4. Frequently Asked Questions (FAQ): Oceanpayment Co., Limited
Q1: What is Oceanpayment's legal entity name, CR number, and MSO licence number in Hong Kong?
Oceanpayment operates through Oceanpayment Co., Limited (incorporated 20 August 2015), holding Hong Kong Company Number 2277030, Business Registration Number 65155474, and Hong Kong Customs Money Service Operator Licence No. 16-08-01906.
Q2: Why do DTC card acquirers require a 180-day Rolling Reserve?
Under Visa and Mastercard dispute rules, cardholders can initiate chargebacks up to 120–180 days after purchase. Holding 5%–10% of settlement proceeds in a 180-day rolling reserve protects the acquiring bank against merchant insolvency or unfulfilled orders, releasing automatically on Day 181.
Q3: How can I inspect Oceanpayment's Form M2 Satisfaction of Mortgage and 36-page Form M1 Charge?
Visit the Oceanpayment Co., Limited Registry Profile on 86hc.com to view its Form M2 Satisfaction of Mortgage (Barcode: 23101740381), Form M1 Charge (Barcode: 22101570165), 36-page Charge Instrument (Barcode: 22101570166), and Annual Returns (22202573929, 23601559239).
5. Official Regulatory Registers & Statutory Filing Citations
- Hong Kong Companies Registry (ICRIS): Statutory register and 13 filing records for Oceanpayment Co., Limited (CR No.
2277030, BRN65155474), including 2022 FormNAR1(22202573929), FormNR1(24001242627), FormM1(22101570165), 36p Charge Instrument (22101570166), Cert of Charge (40016937797), and FormM2(23101740381). Portal: www.e-services.cr.gov.hk ↗. - Hong Kong Customs and Excise Department: Register of Money Service Operators under Cap. 615 —
OCEANPAYMENT CO., LIMITED, Licence No.:16-08-01906, Premises:UNIT 605C, 6/F, INNOCENTRE, 72 TAT CHEE AVENUE, KOWLOON TONG, KOWLOON. Portal: HK Customs MSO Register ↗. - InnoCentre Co-Located FinTech Profile:Nium Limited (formerly
Instarem Limited, CR No.2298943, BRN65375987, MSO Licence16-01-01797, Room 517, 5/F, InnoCentre). - Oceanpayment Official Acquiring & PCI-DSS Disclosures: Card scheme certifications and official website: www.oceanpayment.com ↗.
- 86hc.com Hong Kong Judiciary Litigation Search: Judicial screening record for Oceanpayment Co., Limited (CR: 2277030) confirming zero litigation (
has_lit=0) and zero winding-up petitions (wu=0).