Are you planning to open a PayPal account, but are not much clear about the terms and conditions? Are you confused about the correct age when you can open PayPal Account? If you want to know how old do you have to be to have PayPal, this post will answer your questions.
Well, PayPal currently is one of the most famous transaction services across the world, and many people use this service. However, this service cannot be used by everyone. Do you know why can’t everyone use it? It is because this service has an age limit. Many people use PayPal to make transactions without worrying about their financial information being hacked or leaked.
PayPal will simplify your online transaction, is user-friendly, and is easy to use. But, if you make an account in PayPal, then you must follow the terms and conditions of this service before you move forward. So, if you want to know how old do you have to be to have PayPal, then the answer is you need not to be 21 years.
So, if you have been looking forward to using PayPal yourself, or for your child, then there are a few things that are important for you to know. Give this post a read on how old do you have to be to have PayPal, and then move ahead and make your account on PayPal.
How Old Do You Have To Be To Have PayPal?
Do you want to know how old do you have to be to have PayPal?
If you have been wanting to open your PayPal account, then you must be 18 years of age or the age of the majority in your country or region. For instance, in the US, the Majority age in Mississippi is 21. So, if you have not turned 21, then you above to wait a bit till you turn 21, and then, you can open your account.
Can Parents Make A PayPal Student Account?
The sad news is that the PayPal students account is no longer available. The student’s accounts were available in the US as of 2009. But in 2016, it was discontinued. PayPal discontinued the student’s accounts because anyone who was under 18 in the US, was not allowed to enter into a legal agreement.
Also, if the PayPal account holder was 18 years when the student account was shut down, then they can open the regular PayPal account and transfer their funds to their regular account. But if the account holder was not 18 years old and they had money in their account, then it would be transferred to the associated parent’s account.
What Happened If You Have A PayPal Account Under 18 Years?
Uh-oh, you cannot create a PayPal account if you are under 18. If you are of the age of the minority in your country then you won’t be able to own a PayPal account. Even if you manage to make a PayPal account even though you are under 18 and when PayPal finds your real age, then this company will immediately freeze your account. Moreover, you could also be banned from using this service in the future.
Though you will not be put behind bars for making an account even if you are under 18, you should know that this is completely against the policy of PayPal to have an account if you are a minor, it’s illegal.
If there are any funds in your account when PayPal freezes it, then PayPal will also freeze your account. If you want your funds back, then you will have to contact customer service, so that you can transfer your funds.
When PayPal shut down the student account, then the company will transfer the remaining funds from the student account to the associated parent account. But if you make an account against the policy of PayPal, then the company may not do so.
What Is The Age Requirement For PayPal Internationally?
Now, you know as to how old do you have to be to have PayPal. But, wait! Is it the same internationally too?
PayPal has separate user agreements for each of the countries in which it operates which will also include the age requirements. Each country and region all over the world has a different age of majority. Some have 18 and some have above 18.
In Europe, if you want to own a PayPal account then you need to be at least 18 years old and should have full legal capacity. By full legal capacity we mean when a person can exercise their legal rights.
If you want to have a PayPal account in Australia, then you should reside in Australia and should be of at least 18 years of age.
The user agreement for Canada of PayPal is that you should be a resident of Canada and should be of at least 18 years old or the age of the majority in the province that you stay. In Canada, the age of the majority is 18 or 19 years which depends on the providence that you reside in.
But if you want to know the age limit for PayPal in your region or country then this is how you can find out.
- First, go to PayPal Global. This is a list of countries where PayPal operates.
- Tap in the country or the region that you want to know the age limit.
- Scroll down the page and then click on legal.
- Now press on the option that says user agreement for PayPal services.
Now after reading this post, you do know how old you have to be to have PayPal. It is better that you follow the terms and conditions to make an account and not fake your age because it will lead to severe consequences.
Frequently Asked Questions
Q. Can You Use PayPal At 17?
No. according to the terms and conditions of PayPal you need to be of at least 18 years so that you can have a PayPal account. So, at 17, you will not be able to use PayPal.
Q. Can PayPal Find Out Your Age?
PayPal will not check your age. But if need to verify the documents for using the services of PayPal you will have to provide the exact details.