Owners of any stores/sites that attract young, allowance-receiving shoppers, listen up:
PayPal‘s just introduced a new feature called PayPal Student Account, a new way for parents to give their kids (13 and older) an uninterrupted flow of money without those nagging, face-to-face conversations consisting mostly of, “How much? What is it? Are you serious? FINE!”
Parents can set up accounts that drop, say, $100 every week into their kid’s account, and kids can even text their PayPal when they need money, which sends a simple text to their parents asking for more cash when they run out – convenient and impersonal, just the way it would work.
But kids on this account can only shop this way at sites that accept PayPal, so if you’re looking to diversify that customer base, you may want to sign up eBay-style.