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.2021-08-05
What happens if you have a PayPal account under 18?
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.2017-07-02
How can I use PayPal under 18?
Since you can no longer set up a PayPal Student account, you'll need to look for alternative options. One solution is to open a custodial account and let them take ownership of it when they turn 18. Meanwhile, you can keep an eye on their account activity and help them make sound decisions.2021-08-05
Can a 16 year old use PayPal?
If you are an individual, you must be at least 18 years old and have full legal capacity to enter into a contract to open a PayPal account and use the PayPal services. ... By opening and using a PayPal account, you agree to comply with all of the terms and conditions in this user agreement.
What happens if I use PayPal under 18?
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.2017-07-02
Can I have PayPal at 16?
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.2021-08-05