PayPal Introduces Student Account To Help Teens and Parents Manage Money Effectively

Written By Sam on 14 August 2009
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PayPal is is an online pay service which is a faster and safer way to pay and get paid online. PayPal allows members to send money without sharing financial information and gives you the flexibility to pay using account balances, bank accounts, credit cards or personal financing. PayPal announced the launch of Student Account which is a fast and secure way for US teens to shop online and in stores. This new account will reduce the hassle for parents and teens which they go through every day while exchanging money.

paypal-introduces-student-account-to-help-teens-and-parents-manage-money-effectively

A Student Account at PayPal is a sub-account set up by parents that gives teens their own purchasing power. It is really a safer and more secure way for teenagers to learn to manage money. The sign up procedure for Student Accounts is fast, free, and easy. Transfer of money to these accounts is very easy and it can be done at anytime. The account of youngsters and their parents will be linked, so the parents can monitor the financial balances and observe the budgeting skills of their children. Student account can be used only if the amount is available is their account, so there is no point of credit here.

PayPal Student Account is great for parents as it provides visibility to all transactions. And when it comes to teens, they can shop online with the Student Card and learn to manage money. Teens can enjoy freedom and independence in a safe and secure way. Parents can use their Mobile phones also to verify the account balance and transfer funds. Currently PayPal Student Account is available in the United States only.

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One Response to “PayPal Introduces Student Account To Help Teens and Parents Manage Money Effectively”

  1. nitinsingh says:

    PayPal Student Account is great for parents as it provides visibility to all transactions

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