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Unread 15th March 2014, 03:45 PM   #1
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Default Can You Have A Paypal If Your Under 18?

My nephew is a young entrepreneur and he wants to start selling online. The thing is that he is only 16 years old and you have to be 18 to open a paypal account. I heard about the teen paypal account option but I believe that you can only buy things and not sell online and your parents give you a certain amount of money to spend. He Does have a bank account though.

Is there any possible way for him to open a paypal account? I really want to help him out because he is really eager to sell things online and this is the only thing stopping him.

Thanks

Nathan
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Unread 15th March 2014, 06:16 PM   #2
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Default Re: Can You Have A Paypal If Your Under 18?

What will he be selling?

If he does Affiliate marketing, then he wont need a paypal account, just a bank account.

CPA Networks, Clickbank, Amazon, Fiverr, etc all have options to do direct deposit, or he could get paid into a special card that they have.
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Unread 15th March 2014, 06:34 PM   #3
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Default Re: Can You Have A Paypal If Your Under 18?

He needs to wait until he's 18 or until he finds a relative who will allow him to have access to their payPal account.

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Unread 15th March 2014, 08:29 PM   #4
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Default Re: Can You Have A Paypal If Your Under 18?

I would say start a paypal account for your nephew under your name until he reaches 18 and is able to have his own

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Unread 15th March 2014, 10:15 PM   #5
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Default Re: Can You Have A Paypal If Your Under 18?

Quote:
Originally Posted by BigNate View Post
My nephew is a young entrepreneur and he wants to start selling online. The thing is that he is only 16 years old and you have to be 18 to open a paypal account. I heard about the teen paypal account option but I believe that you can only buy things and not sell online and your parents give you a certain amount of money to spend. He Does have a bank account though.

Is there any possible way for him to open a paypal account? I really want to help him out because he is really eager to sell things online and this is the only thing stopping him.

Thanks

Nathan


Call PayPal and they will have the correct answer for you.

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Unread 16th March 2014, 04:04 AM   #6
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Default Re: Can You Have A Paypal If Your Under 18?

Why do I get the feeling OP that you are the nephew and you`re just giving us the "I have a friend" speech ?

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Unread 16th March 2014, 04:37 AM   #7
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Default Re: Can You Have A Paypal If Your Under 18?

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"...........The thing is that he is only 16 years old and you have to be 18 to open a paypal account....."

"......Is there any possible way for him to open a paypal account".....
You seem to have answered your own question.
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Unread 16th March 2014, 05:13 AM   #8
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Default Re: Can You Have A Paypal If Your Under 18?

Well no 18 years is minimum . Why not you open account with your name and work with him ! When he gets 18 then he can do make his own account

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Unread 16th March 2014, 07:04 AM   #9
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Default Re: Can You Have A Paypal If Your Under 18?

The best thing is to open an account under someones else name (that is older than 18, duh ! )
And then giving him the access to the account
Best of luck to Your nephew .
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Unread 16th March 2014, 07:36 AM   #10
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Default Re: Can You Have A Paypal If Your Under 18?

Quote:
Originally Posted by mrgoe View Post
Why do I get the feeling OP that you are the nephew and you`re just giving us the "I have a friend" speech ?
I'm getting that same feeling: Business ideas for a TEENAGER?

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Unread 16th March 2014, 07:54 AM   #11
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Default Re: Can You Have A Paypal If Your Under 18?

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I'm getting that same feeling: Business ideas for a TEENAGER?
If that was the case, the teen would not be allowed here.

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Unread 16th March 2014, 08:09 AM   #12
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Default Re: Can You Have A Paypal If Your Under 18?

You have to be 18. But I think they have some sort of student account for under 18's

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Unread 16th March 2014, 08:13 AM   #13
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Default Re: Can You Have A Paypal If Your Under 18?

The BEST thing you can do is help him accept the limitations of being 16 - and teach him from the getgo to stay within the terms and conditions he AGREES to when he signed up for Paypal or any other online service.

You could form a partnership with him on a site or specific business and use your paypal account. The links to the Paypal should be in your name to avoid problems but he could learn by doing much of the work on the project. Doing that, you would need to make certain HE follows terms and conditions of any program he works with...as your paypal acct would be at risk.


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Unread 16th March 2014, 10:49 AM   #14
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Default Re: Can You Have A Paypal If Your Under 18?

Minors can't enter into a contract until 18 or even 21 most states

I started my first company at 15

I would have companies write me checks to a factitious name and just countersign them into my personal account, since a minor can have a bank account, but I think your parents are technically on the hook for it, usually it's just a deposit account.

I remember saying I was 25 at 15 and yeah I LOOKED IT, so no one realized the contracts I was creating for various things I was doing were technically invalid.

a. they can incorporate and not own any stock in most states, so their guardian/parent/relative technically owns the stock

b. their company can open up accounts even though they cannot technically sign for the account

c. the company can contract with paypal since it's a legal entity

so yes, as a legal entity a minor can legally contract with paypal, it's a grey area, the company has the right to contract as a corporation, yet technically he can't sign anything.

so the officers of the company over 18 can sign with paypal and effectively it's his account since the legal entity owns it
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Unread 16th March 2014, 10:49 AM   #15
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Default Re: Can You Have A Paypal If Your Under 18?

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Originally Posted by ssloden View Post
As far as I know According to International Rules & regulation, one can contract sign when one will be minimum 18 years old. Other wise he/ she will not be able to contract sign. In this case this guardian can sign on the contract. So I think he is not able to do.
some laws are 21 and archaic ones 25
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Unread 16th March 2014, 03:53 PM   #16
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Default Re: Can You Have A Paypal If Your Under 18?

Sorry but is it a Bad thing to help a family member?
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Unread 16th March 2014, 05:50 PM   #17
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Default Re: Can You Have A Paypal If Your Under 18?

Open the paypal in his parents name and link it to their bank.
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Unread 16th March 2014, 08:50 PM   #18
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Default Re: Can You Have A Paypal If Your Under 18?

Nephew of OP...

Why not join the revolution and accept Bitcoin? No age limits or any of the other paypal nonsense such as suspended accounts or chargebacks.

You can exchange your bitcoins for USD straight after each sale if you don't want to worry about price fluctuations. However bitcoins in the long term seem to go up in value so might be worth keeping some of your profits in coin.

You could use https://coinbase.com/merchants to handle the merchant stuff. Or you could just cash in your bitcoins by selling them to someone locally, or sell them using an exchange like bitstamp or btc-e. Or even better, buy the stuff you want using bitcoin, e.g. food or even a house :-)
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Unread 17th March 2014, 02:14 AM   #19
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Default Re: Can You Have A Paypal If Your Under 18?

You can use it but under the name of your parents or 18+ year old relative.

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Unread 17th March 2014, 10:44 AM   #20
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Default Re: Can You Have A Paypal If Your Under 18?

You can always lie when you register OR do what other people have said: open it for him and let him use yours before he turns 18 and can have his own.
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Unread 17th March 2014, 11:00 AM   #21
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Default Re: Can You Have A Paypal If Your Under 18?

Sorry you gotta be 18. My son was only 16-17 when I introduced him to fiverr.com. He started doing fiverr gigs using a video editing program I purchased. My wife opened an account in her name and allowed him to use it.
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Unread 17th March 2014, 11:10 AM   #22
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Default Re: Can You Have A Paypal If Your Under 18?

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You can always lie when you register OR do what other people have said: open it for him and let him use yours before he turns 18 and can have his own.
That's a great way to teach someone new to business .... :rolleyes:
Hey if something does not suit you just lie to get your way...
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