How old do have to be to create a PayPal?

AntonioG
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I heard that if you are 18 or under PayPal will ask you for your info and if they know your under 18 they will be able to hold your money accountable and not give it back until you are 18. I want to know if my friend who is 14 can get a checking account and link it to his PayPal while he will be making his own business, could still receive his money?
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kernowlass
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@AntonioG

 

No, you have to be 18 or the account will be limited and any funds frozen.


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Snow-Cat
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Please read the User Agreement - the opening section should answer your question.

 

Some additional thoughts - when you setup a PayPal Account, you have agreed to the terms of the User Agreement which in turn then becomes a legal contract between you and PayPal.

 

In general, the “legal” contract age is the state’s age of majority.  The age of majority is the age when a person is considered an adult.   For most states, this is 18 years of age.   The age of majority may vary according to state laws, however.   For example, in Alabama, the age of majority is 19 years old.   The type of contract may also affect the legal contract age.    Car rentals, for example, usually require the renter to be at least 21 years old.   Note there are exceptions.  Even if a person has reached the age of majority, a contract may not be legally binding.   Age is only one factor. I  f a person is not competent to contract – because of mental illness or impairment – it does not matter whether that person has reached the age of majority or not. Contracts also require mutual assent between each party.

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kernowlass
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@AntonioG

 

No, you have to be 18 or the account will be limited and any funds frozen.


Advice is voluntary.
Kudos / Solution appreciated.
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AntonioG
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So how does one start a online business and get paid for the sales he makes at 14?
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Snow-Cat
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Perhaps a family member or legal guardian can help you out.

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Snow-Cat
Advisor
Advisor

Please read the User Agreement - the opening section should answer your question.

 

Some additional thoughts - when you setup a PayPal Account, you have agreed to the terms of the User Agreement which in turn then becomes a legal contract between you and PayPal.

 

In general, the “legal” contract age is the state’s age of majority.  The age of majority is the age when a person is considered an adult.   For most states, this is 18 years of age.   The age of majority may vary according to state laws, however.   For example, in Alabama, the age of majority is 19 years old.   The type of contract may also affect the legal contract age.    Car rentals, for example, usually require the renter to be at least 21 years old.   Note there are exceptions.  Even if a person has reached the age of majority, a contract may not be legally binding.   Age is only one factor. I  f a person is not competent to contract – because of mental illness or impairment – it does not matter whether that person has reached the age of majority or not. Contracts also require mutual assent between each party.

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