With millions of users globally, Paypal is the most secure and convenient way to make payments or transactions internationally and one can use it without the worry of leaking their bank details and all their financial information. The online payment platform Paypal is designed to simplify the transaction procedure and you can receive or make payments easily in any retail store in any country in the globe.
If you are wondering how old do you have to be to have a paypal account?
Then worry not, we are here with all the relevant information that you need to know, in this post. Go through it.
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Opening a Paypal account is completely free and is the most secure and convenient way to make your international transactions safely without compromising your financial details. The app manages all your banking details including debit card or credit card details safely without the chances of getting leaked. To make any transactions you have to create an account by giving the necessary details on the sign-up page once and log in each time while you are paying your bills with funds from your account.
Using a Paypal account you can open two different types of Paypal accounts: a personal Account or a Business Account.
With a personal account, you can send or receive money from your family & friends, and with your business account, you can transfer salary to your employees working abroad.
But, for opening a Paypal account you have to fulfill the eligibility criteria, and you need to know how old do you have to be for paypal.
To open a Paypal account you should be at least 18 + years, below the age of 18 you will be ineligible to open an account on Paypal. According to the Paypal user agreement “If an individual, you must be a citizen of US or any other territories and at least 18 years old, or the age of majority in your state of residence, open a US Paypal account to use the Paypal services”.
This limitation of age is because the age of 18 years is a legally binding contract and any fraud or scammer of Paypal must be liable for punishment while minors can escape from it.
The other option is you can create a Paypal account with the permission and supervision of your guardians and they can open a Paypal account on your behalf and can link their bank account. Then you can use your PayPal account to make payments or receive funds by complying with its additional terms & conditions and with the consent of your parents.
If you have been caught breaching the law or indulging in any prohibited activities, you will be in trouble as Paypal may take action against you.
Hope all your confusion about how old do you have to be to have paypal account will have been wiped out and you will now be aware of the age limitations of opening a Paypal account for yourself.
For more detailed information you must visit the site Accountiod.com once.