Should a teenager have a PayPal account?

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Should a teenager have a PayPal account?

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.

Is it bad to have a PayPal account under 18?

There are no possible harms of PayPal. Because paypal is just a payment processor for facilitation of people. There use should be correct. Even if you don’t have ANY activity (sending or receiving money,) simply making the account before you turn 18 will have you banned for the rest of your life.

Can a teenager set up a PayPal account?

According to PayPal’s rules, a person must be at least 18 to open an account as it is illegal to enter into a contract unless you are an emancipated minor. PayPal does offer student accounts to children and teenagers, but to get one, an adult would have to sign for it and act as the primary account holder.

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What happens if I lie about my age on PayPal?

You can’t lie about your age to get a PayPal account because it will be tied to a bank account that will have your social security number which is tied to a lot of personal info about you.

What is the required age for PayPal?

at least 18 years old
If you are an individual, you must be a resident of the United States or one of its territories and at least 18 years old, or the age of majority in your state of residence to open a U.S. PayPal account and use the PayPal services.

Can a 13 year old make a PayPal account?

Why do I have to be 18 to use PayPal?

When you open a PayPal account, you are agreeing to a binding legal contract. Before an individual can enter into a binding legal agreement known as a contract, he or she must meet the legal contract age. The legal contract age is also referred to as the age of majority, which is 18 years old in most jurisdictions.

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Can you make a PayPal with parents permission?

2017) PayPal’s User Agreement[1] requires that the account holder be age 18+. A parent can open a PayPal account in the parent’s own name and allow their teenager to use it, but an account in the teenager’s name would be a violation.

Can a 13 year old have a PayPal?

What if I lie about my age on PayPal?

Can 12 year olds use PayPal?

Can a 17 year old have PayPal?

According to PayPal’s website, they don’t allow anyone under 18 to open an account because no one under 18 is allowed to enter into a legal contract in the United States: “When you open a PayPal account, you are agreeing to a binding legal contract.

How old do you have to be to have a PayPal?

To be eligible for the PayPal Services, you must be at least 18 years old and a resident of the United States or one of the countries listed on the PayPal WorldWide page. This Agreement applies only to Users who are residents of the United States.

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What is the age limit for PayPal?

Age 18 is the legal limit. Under age 18, you need your parents assistance. Note, this not PayPal just being mean. When you open a PayPal account, you are agreeing to a binding legal contract. Before an individual can enter into a binding legal agreement known as a contract, he or she must meet the legal contract age.

What is a PayPal student account?

The Paypal Student Account is simply a bank account of sorts that is specifically for students 13 years and older. Paypal makes it pretty easy to start one of these spending accounts for your kids. Once you have logged into your Paypal account, simply click the “Products & Services” tab near the top of the page.