PayPal Alternatives for Kids

PayPal is a popular way to send and receive money online and is one of the most widely accepted payment platforms. However, their services are not available to young people under the age of 18. Fortunately, there are several PayPal alternatives suitable for children and young teens.

If you think your child or young teen is ready for online financial freedom, here are some of the best alternatives to PayPal accounts.

The Best PayPal Alternatives for Kids

Prepaid debit cards

A prepaid debit card is a responsible method for persons under the age of 18 to own a debit card. It works the same way as a gift card, but with no restrictions on where it can be used. It can be used to purchase items offline or online, including with Google Pay or Apple Pay.

How a prepaid debit card works

You can deposit money into a prepaid debit card account, which must be topped up again after spending. This is an ideal way to control spending as there is no risk of being overdrawn. The prepaid debit card is the perfect introduction to money management.

Here are some popular prepaid debit cards for young teens.


goHenry 1

GoHenry is a prepaid debit card designed for parents and children. You can manage everything you need through an online GoHenry account, and your child has his credentials to learn how to manage his money. You can use GoHenry to teach your pre-teens or teens how to budget and understand the differences between needs, wants and wise spending.

Here are some of GoHenry’s features and reasons for its popularity.

  • It allows you to add a co-parent to your account to set boundaries, manage chores, and get notifications.
  • You can set up weekly allowance transfers.
  • You can encourage your child to work for his money by setting up paid jobs.
  • You and your child can set goals to track savings and work together to plan for future purchases.
  • You will receive notifications when your child uses the card and a notification if it is declined.
  • If the card is lost or stolen, you can easily block it and unblock it if it is found.
  • You can decide how much you want your child to spend by setting up expense management.

Green light


Green light is another debit card that a child under the age of 18 can use and can be opened by investing just $1. The card offers many valuable features that help parents manage their children’s finances. It is compatible with Google Pay and Apple Pay and has many other outstanding features.

  • It provides the ability to set flexible controls for real-time alerts and spend notifications.
  • Kids can keep an eye on their balance and set goals.
  • It provides the ability to create a custom map by uploading a photo.
  • The card can be turned on or off by a parent.
  • The cards are FDIC insured for up to $250,000.

However, depending on the plan chosen, the Greenlight card costs about $5 to $10 per month per family. Fortunately, all ATM withdrawals are free and children of all ages are eligible for an account.

American Express Bluebird


The Bluebird prepaid card is a hybrid between a credit card and a bank account. A notable feature of Bluebird is that each “family account” includes up to four prepaid cards for family members. From your central account, you can transfer money to those prepaid cards, track account activity, and set spending limits. Here are some of the valuable features.

  • It offers “Purchase Protection” to help protect against accidental damage and theft for up to 120 days for eligible purchases.
  • The card can be used anywhere American Express is accepted.
  • It provides access to a salary up to two days faster with free direct deposit.
  • It has no foreign transactions or monthly fees.
  • It is free to transfer money to other Bluebird accounts.
  • It comes with “Roadside Assistance” with coordination and assistance services.

Other prepaid debit cards for children

Family accounts of FamZoo


FamZoo offers one of the easiest ways to manage multiple accounts through a single-family platform. One of its standout features includes automated fees that are transferred to your child’s account at set intervals of your choosing. It also supports teaching the relationship between work and income by linking scheduled jobs and chores to fines or payments.

Google Pay


Google Pay, once called Google Wallet, is another alternative to PayPal. Teens over 13 can have an account if an adult consents and accepts the terms. They can then link a bank or credit card to the Google Pay account to transfer money. It’s the easiest and cheapest way to get kids to spend their money.

MyVanilla Card

MyVanilla Card

The MyVanilla prepaid card is another easy solution and can be found at Walmart and other grocery stores. An adult must purchase the card and add a child under the age of 18 as a registered user. This service is currently not available in Vermont.

Online bank accounts for kids

Opening a savings or checking account is another excellent opportunity to teach kids how to handle money and get around the PayPal age restriction. By setting up a custodial account when they are younger, you can let them take ownership when they turn 18.

Here are some popular options.

Capital one money teenager taking into account

Capital One Money offers a zero rate bank account for children and teens aged eight to 18. No minimum balance is required and free online and mobile banking is included.

Here are some of the standout features.

  • Parental supervision
  • Access to over 70,000 free ATMs
  • You can deposit checks using the mobile app
  • It provides joint accounts for parents and children with login credentials for mobile apps
  • Accounts earn interest (0.10% annual percentage return)
  • A free Mastercard debit card

A bank account will develop your child’s understanding of banking, including interest accumulation and how to save money and manage finances. You are available to help and transfer money to and from your personal account checking account.

Other Online Banks for Kids



alliance is for young teens between 13 and 17 years old. You can create a joint account for your child with no monthly fees or minimum balance. It offers online and mobile banking, with interest rates more than double other teen bank accounts.

Bank of America Student Banking

Bank of America Student Banking

This one account is for students and has no monthly fees, no liability guarantee and gives them the option to deposit mobile checks.

Huntington Bank

Huntington Bank

Teens under 18 can own one Huntington Bank checking account when an adult opens one as a membership account or co-signer. This bank does not provide online account information, so if you decide to go with them, be sure to read the fine print.

Check Chase High School

Chase High School Checking

The high school bank account is for students between 13 and 17 years old and has no monthly fees like a parent’s bank account. Chase accounts usually have overdraft and ATM fees. However, this is an ideal opportunity to teach your child how to avoid such bank charges.

Wells Fargo Clear Access Banking

Wells Fargo Clear Access Banking

If your teen is between 13 and 16 years old, you can get a Wells Fargo bank account in their name. However, it has a monthly fee of $5 and a minimum deposit of $25. The account holder can make mobile deposits and withdrawals from more than 13,000 ATMs across the country. Clear Access Banking also includes a contactless debit card and liability protection.

Frequently Asked Questions

Can children use the Cash app?

In the US, anyone between the ages of 13 and 17 can access extensive Cash App features with parental or guardian approval. Features include Cash Card, P2P Transactions, Direct Deposit, and Boost. Once a parent or guardian has approved the account, the 13-17 year old becomes the legal owner.

How old do you have to be to use Apple Pay?

To send and receive money with Apple Cash, you must be 18 years old and a resident of the US. For individuals under the age of 18, an adult with an Apple Cash Family account can set up Apple Cash on their behalf.

Learning financial responsibility as a child

PayPal is one of the most popular ways to access and manage money online, but the account holder must be at least 18 years old. Fortunately, many prepaid debit cards and bank accounts are offered to children and young teens that can be managed by an adult. Many of the options available are an ideal way to teach and experience financial responsibility for adulthood.

Which PayPal alternative did you like the sound of the most? Share your thoughts in the comments below.

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