Alex Can an 11 year old have 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.
What happens if a minor open a PayPal account?
Is it illegal to make a paypal Account if you are under the age of 18? Answer: No it is NOT illegal, but is against their policy and rules. It is NOT against your banks policy to sign up to paypal.
Can minors use PayPal?
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 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. Have your parents sponsor you for a joint account.
Can you go to jail for making a PayPal under 18?
No jail time and no fine. PayPal will only lock your account once they figure out you’re not following their terms of service (usually happens after a few large transactions).
Why can’t minors use 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.
What is a PayPal student account?
Student Paypal accounts no longer exist. They used to exist because Paypal accounts require you to be 18+. Student Paypal accounts allowed a parent to manage their teenager’s account but then the student could use that account like a normal paypal account. Their spending would be trackable via the parent.
How do I get a PayPal at 16?
How old was I when I opened a PayPal account?
It was 2007 when I opened my account, meaning I would have been 17. Apparently this is a good enough reason for PayPal to close my account in 2017, and withhold my money.
How do I set up a PayPal account for my child?
Getting Your Parents to Help Setup Your Kid’s Paypal Account. Once you have the need to get a Paypal account, you will need to get your parents to sign up. They will need to have a bank account as well, because this is how you get your money from Paypal.
What happens if you open a new PayPal account?
If this wasn’t enough, PayPal seem to have made it personal by also banning every bank account and credit card I own from being removed from my account — which means I also can’t use them to open a new account. Logging in to do anything with my PayPal account simply shows me the following:
How long does it take to get a PayPal account?
This is not a huge issue though! Once you have the need to get a Paypal account, you will need to get your parents to sign up. They will need to have a bank account as well, because this is how you get your money from Paypal. It takes about 3 days to wire the funds to the bank in order to use them.
Can a 18 year old open a PayPal account?
Re: Under 18, account limited. You can’t, paypal limit it so you can’t remove your financial info ie bank account or cards and use them on another paypal account. As you can’t use paypal then you need to close your ebay account as you are not supposed to have one of those till you are 18. Advice is VOLUNTARILY given.
Getting Your Parents to Help Setup Your Kid’s Paypal Account. Once you have the need to get a Paypal account, you will need to get your parents to sign up. They will need to have a bank account as well, because this is how you get your money from Paypal.
How old do you have to be to have a PayPal account on eBay?
Under 18, account limited. I’m 16 years old and a frequent seller on eBay so I decided to make a Paypal account about a year ago to deal with transactions more easily. As you can see from my eBay profile:
If this wasn’t enough, PayPal seem to have made it personal by also banning every bank account and credit card I own from being removed from my account — which means I also can’t use them to open a new account. Logging in to do anything with my PayPal account simply shows me the following: