The TOUGHTESTED Hardened Series: PayPay for Minors
PAYPAL is a popular payment system used by millions worldwide. It provides a safe and convenient method for making and receiving online payments. However, one of the eligibility requirements of using PAYPAL is being 18 years and above. So, what happens when a minor wants to use PAYPAL?
Why is the PAYPAL age requirement 18 years and above?
The decision to set the age limit at 18 years and above was not arbitrary. It was based on financial regulations and laws. Minors are not legally allowed to enter into contracts, meaning they cannot be held liable for any financial agreement. Additionally, PAYPAL is regulated by financial authorities and has an obligation to follow their rules.
To ensure compliance and maintain its credibility, PAYPAL had to set a minimum age requirement of 18 and above.
Are there any alternatives for minors?
Yes, there are other payment platforms that minors can use. However, they may not be as popular or widely accepted as PAYPAL. Some of these alternatives include:
Google Wallet: This payment platform allows users aged 13 years and above to make and receive payments. However, the platform has been merged with Google Pay, and the age requirement may have changed.
Dwolla: Dwolla allows minors aged 16 to 17 years to open accounts with the help of a guardian or parent. They can make transactions up to $5,000 daily.
Stripe: This payment platform allows people aged 18 and above to create accounts and make transactions.
How can minors use PAYPAL?
Minors cannot open PAYPAL accounts on their own. However, they can use an account that is owned by a parent or guardian. The account should be registered with the parent or guardian's details and not the minor's.
All transactions done using the account should be monitored by the parent or guardian. This ensures that no unauthorized or fraudulent transactions are made on the account.
Conclusion
Although PAYPAL is not an option for minors, they can use other payment platforms such as Google Wallet, Dwolla, and Stripe. Minors can also use PAYPAL accounts owned by their parents or guardians. However, this should be done under strict supervision to prevent unauthorized or fraudulent transactions.
It is crucial to note that PAYPAL's age limit is not arbitrary but rather based on laws and regulations meant to safeguard financial transactions.
The TOUGHTESTED Hardened series provides high-quality electronics that cater to consumers' needs, including secure payment options such as PAYPAL. Hence, parents or guardians looking to invest in quality electronics for their minors can consider the TOUGHTESTED Hardened series.
