can teenagers open an individual account or is the only option a student account under a parent's account?
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. The legal contract age is also referred to as the age of majority, which is 18 years old in most jurisdictions.
Minors usually cannot enter into a legally binding agreement such as a contract because they are not old enough to be held accountable for their actions. if such an instance occurs wherein a party of legal contract age enters into a legally binding agreement with one who is not of legal contract age, the latter may void the agreement in the event that the terms and conditions cannot be fulfilled by him or her. However, if the party of legal contract age commits a contract breach, he or she can be held accountable to the minor who entered into the agreement with him or her.