PayPal Student Account
PayPal is testing the PayPal Student Account system with a limited number of customers, allowing children aged 13 and up to make online purchases on websites that accept PayPal as a payment method.
The program allows parents to set up accounts for their children and control thei deposits and spending by creating a maximum of four sub-accounts linked to their primary PayPal account. Parents allocate a certain sum of money or create a recurring allowance for their children to make internet purchases.
In order to control the child’s budget, parents can monitor the amount of money that their children spend, and set up alerts to notify them of account activity (e.g. receiving text or e-mail messages notifying them that they must approve any purchase that goes beyond USD 100.) Parents can transfer funds online or via a mobile phone.
PayPal Student accounts do not require sign-up or transfer fees. Customers can also receive a Student MasterCard debit card which is connected to theit student account. PayPal has not yet revealed the specific date when it intends to make PayPal Student Accounts available for a larger number of consumers.
Source: The Paypers
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[...] based JennyHow reports that PayPal are testing an account type for “students” as young as 13 years old – surely this would not let them onto eBay, where the minimum age for members is variously stated [...]
paypal is a good payment option , easy popular and secure but the problem that they don’t accept all the countries and if someone signed up from another country the froze the account .