Shoutbox

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Originally posted by Reaper
a debit card is linked to the money you have in your account. so if you use your debit card, money from your account is taken. if you have no money in your account then you cant use your debit card

a credit card is when you are given a spending limit and it must be paid back

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Oh yer i have a debit card, i didn't know what you were talking about cuase i don't call it a debit card.

Well anyway thanks for your help.

one more thing, if you sighn up and your under 18, will you get sued or anything?

lol, no
if anything, you probably be asked to stop using paypal. but i havnt heard anyone being stopped from using paypal due to age

[Edit] No problem

quote:

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Originally posted by Reaper
lol, no
if anything, you probably be asked to stop using paypal. but i havnt heard anyone being stopped from using paypal due to age

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Well i dont see why the put the age restriction up there then.

Thanks for your help reaper

You can't use your keycard (I'm assuming you know what I mean as you're Australian) with Paypal. (In Australia at least). You can only use actual credit cards, which you're not old enough to have.

You can add your Australian bank account, it generally takes a few days to add, then it takes a few days for transactions to be processed to and from it (3-4).

They put the age restriction up there because it is illegal to use such a service without being over that age. As you'll see, you are limited to the types of accounts you have at the bank at the moment because you aren't 18 yet - you can't have overdraft, raise your daily limit etc.

PayPal isn't a service for kids to use - things can go wrong, people can get into your account (and especially with being able to draw funds directly from your account using PayPal - you may not notice until the contents of your bank account is gone).

I'd recommend not signing up for it until you're of a legal age to sign up for it.

Just because people haven't been caught (which some have), doesn't make it right to sign up, or reason to question why they put the age restriction there in the first place.

They can't minors buy pornographic material (legally) or drink (legally)? Same sort of situation.

Well, we are not really kids... i think they should make the age limit 16 at the most.

You're a minor - which is the word I should have possibly used instead.

So they should make it so that at 16 you should be able to have a credit card too then?

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Originally posted by Chris Boulton
You're a minor - which is the word I should have possibly used instead.

So they should make it so that at 16 you should be able to have a credit card too then?

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That two but you have to have parents consent. I know heaps of people's parents who give them credit cards and puts a limit on it so the person dosent spend to much. These days teens are shopping more.

Minors cannot have a credit card in Australia. All they can have is a card which is linked to their parents, and 16 is the minimum age for that.

quote:

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Originally posted by Chris Boulton
Minors cannot have a credit card in Australia. All they can have is a card which is linked to their parents, and 16 is the minimum age for that.

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yer but im saying parents put credit cards in there name and then give it to there children and im saying the limit for owning your own credit card should be the age of 16.

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yer but im saying parents put credit cards in there name and then give it to there children and im saying the limit for owning your own credit card should be the age of 16.

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Do 16 year olds have financial management skills? I bet the majority of them have less than $20 in the bank, and that would be with the job they currently have - if at all.

How do you expect a teenager who earns maybe a few thousand per year to be able to support a credit card with a monthly limit of $1,000? (minimum limit for a Visa/Mastercard in Australia).

They can't financially support themselves without their parents.

How do you expect them to pay it all back and not be in debt?

A credit card is credit, you don't need the money at the time to use it - which is one of the major reasons alot of people buy a credit card (that and most are accepted internationally now). The other would be that you don't have to pay right now (so to speak) so you still have money in the bank to waste..

Quickly, before you think about it, you'll be screwed. You will owe money to the bank for the credit card transactions and you'll also be changed interest on top of that.