How Do I Set Up A Student PayPal Account 2020?

What do you need to set up a PayPal account?

You’ll need a few things to set up a PayPal account, including a credit or debit card for making payments, your credit card/bank statement for verification purposes, and, in some cases, even a form of ID like a passport..

Can I make a PayPal at 17?

Welcome to PayPal! If you are an individual, you must be at least 18 years old and have full legal capacity to enter into a contract to open a PayPal account and use the PayPal services.

What are the disadvantages of using PayPal?

Disadvantages of PayPalYou lose your Section 75 rights. … PayPal charges you to receive money. … PayPal often freezes a user’s account. … PayPal may hold on to your money.

Does PayPal know your age?

Paypal will NEVER EVER find out about your age. … Paypal wont ask you to verify unless suspicious things are happening with your account or you do things that are unusual with your account.

What is a PayPal student account?

The PayPal Student Account offers a way to fund your teenager’s expenses with ease. It is an easy to manage system that can instantly wire money to a teenager’s account. That is the system in a nutshell: parental PayPal account connected to student PayPal account that has a debit card attached to it.

Is there a monthly fee to use PayPal?

There is no fee to set up your account and get a card. We don’t charge a monthly fee and no minimum balance is required. We don’t charge for inactivity or limited use of the card. … There is no fee when family and friends use the PayPal send and receive money service to transfer money to you.

Can a 16 year old get a PayPal account?

According to PayPal’s rules, a person must be at least 18 to open an account as it is illegal to enter into a contract unless you are an emancipated minor. PayPal does offer student accounts to children and teenagers, but to get one, an adult would have to sign for it and act as the primary account holder.

Do you need a bank account for PayPal?

You don’t need a bank account to send or receive money through PayPal. However, you do need a bank account if you want to withdraw money from your PayPal account.

Are PayPal student accounts still available?

Effective September 29, 2016, the PayPal Student Debit MasterCard, and all related services, will be closed. … Additionally, as of this date, PayPal Student Accounts will no longer be able to be used to make purchases online or in stores.

Can I create a new PayPal account with the same email?

A: Yes once you have successfully closed down a PayPal account, you can use the same email to create a new account.

Can you have two PayPal accounts?

The answer is “Yes”. You can have more than one PayPal account if it’ll be one Personal account and one Business account but each account must have a separate email address and financial information. … With your Business account you can receive online payments for sales or donations.

Can I use fake date of birth on PayPal?

Unfortunately, PayPal does not have a specific avenue to change your date of birth. One way to submit the correct paperwork and correct the error is to use the Name Change page. … This works to change your date of birth as well; then you simply wait for PayPal to review the information.

Can I use my parents PayPal account?

According to PayPal’s website, they don’t allow anyone under 18 to open an account because no one under 18 is allowed to enter into a legal contract in the United States: “When you open a PayPal account, you are agreeing to a binding legal contract.

Can I receive money on PayPal without linking a bank account?

You will receive funds in your PayPal Account even your bank account is not linked. … Yes, you can receive money if you do not have a bank connected. But, you can’t buy anything with it unless you connect a bank or credit card.

Can I use a fake name on PayPal?

For example, PayPal’s sign-up process can be completed with a fake name. They’ll have no ability to verify your identity unless you want to transfer your money somewhere else. To do that, you’ll have to verify your identity or link your bank account.

Can I delete my PayPal account and start again?

When you close your account, PayPal cannot reopen it for you. You can, however, open a new account with the same or a similar email account.