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Age requirement for individual accounts

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New Community Member

Age requirement for individual accounts

Hi 

 

can teenagers open an individual account or is the only option a student account under a parent's account?

 

Thanks !

1 ACCEPTED SOLUTION

Accepted Solutions
PayPal Employee

Re: Age requirement for individual accounts

Let me clarify couple of things here. According to PayPal user agreement policy is that you are not allowed to have a PayPal account if you are under 18. 

even with your parents assistance and permission PayPal will still not allow a minor to have a PayPal account. Please edit your post as not to confused other people. Thanks ❤️ ❤️ ❤️ 

View solution in original post

3 REPLIES 3
Frequent Advisor

Re: Age requirement for individual accounts

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.

PayPal Employee

Re: Age requirement for individual accounts

Let me clarify couple of things here. According to PayPal user agreement policy is that you are not allowed to have a PayPal account if you are under 18. 

even with your parents assistance and permission PayPal will still not allow a minor to have a PayPal account. Please edit your post as not to confused other people. Thanks ❤️ ❤️ ❤️ 

View solution in original post

Esteemed Advisor

Re: Age requirement for individual accounts

@FrancoBeshyWAP

 

That post by @snowshoe was FIVE YEARS ago when student accounts in the U.S were allowed.

I doubt they can edit their post as the edit option disappears after 24 hours let alone 5 years.


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