Question about Paypal linking to bank

Electrofy
Contributor
Contributor

EVERYTHING HERE IS THEORETICAL

 

If you were to link a regular paypal account to a bank account that belongs to a minor, what would happen?

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5 REPLIES 5

sharpiemarker
Esteemed Advisor
Esteemed Advisor

PayPal reviews and monitor accounts.  They ask for photo ID and other identification documents which the kid may not have and you cannot supply.  The account can potentially be frozen, and potentially ruining the kid's future opportunity of having their own account, when they come of age.


Kudos & Solved are greatly appreciated. 🙂
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Electrofy
Contributor
Contributor

Lets say I am 16 years old, and I am using a normal paypal account. Can I link my bank account with my paypal? Or alternatively if my parents were to set up a student account, would I be able to use the email of the existing paypal account? 

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DPCreations
Frequent Advisor
Frequent Advisor

No.  You are not 18; you have no authority to use PayPal until you are 18.

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Whac-A-Mole
Frequent Advisor
Frequent Advisor

@Electrofy wrote:

Lets say I am 16 years old, and I am using a normal paypal account. Can I link my bank account with my paypal? Or alternatively if my parents were to set up a student account, would I be able to use the email of the existing paypal account? 


there is no parent/student account.

if you are 16 and you have a paypal account,you better close it,

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Electrofy
Contributor
Contributor

How would I close it?

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