Can a parent open a PayPal account for a minor?

PayPal has launched a student programme that lets parents establish a sub-account for their children that they can transfer money into and monitor. Parents transfer funds into the sub-account when needed, either on a one-time or recurring basis, with children only able to spend what is in it.

How do I set up a PayPal account for a minor?

If you are under 18, then the only way to have a PayPal account is to have your parent(s)/guardian(s) open an account in their name (with their cards/bank linked) that they allow you to use. This way there is a responsible adult taking care of the account.

Can you be 13 to use PayPal?

According to PayPal’s website, individuals under 18 years old are not allowed to open an account, regardless of their location: But PayPal isn’t your only option. There are several other banks and financial services that get around this restriction by offering teen accounts linked to parental custodial accounts.

Can you have a PayPal account at 13?

Why Does PayPal Have an Age Limit? A few years ago, it was possible to set up a PayPal Student account, but that service was discontinued. According to PayPal’s website, individuals under 18 years old are not allowed to open an account, regardless of their location: But PayPal isn’t your only option.

Can a 12 year old get PayPal?

How old do you have to be to use PayPal?

While kids will need to use their parents’ account, anyone over the age of 18 can quickly and easily use this service to transfer money between themselves and others, as well as between their bank accounts and the account that they have on Paypal.

How to set up a PayPal account for a child?

Re: how to set up account for child. Login into your account (parent account) Select the student account (Manage student account) You can find a tab link – Permissions / notifications. Click on this link to setup your youth/student account. PayPal may not ask for bank / cc when he has sufficient balance.

What happens if you lie about your age on PayPal?

Under 18’s are not allowed a paypal account now and if they open one and lie about their age then as soon as they are asked to verify that account they will be found out and limited. As they broke paypal rules then they would probably not be able to open an account when they were 18. Advice is voluntarily given.

Is PayPal good for kids to use?

PayPal Setup for Kids Setting up Paypal is nearly a MUST for any kids who want to earn money online. Generally money is transferred through payment processing sites such as Paypal when dealing with cyber purchases. Kids need to have a payment processor if they are working online.