New PayPal Credit Card
PayPal has introduced a new service for parents with kids who are in high school or college. This new service is called Student Accounts. Actually it is a special PayPal-branded Mastercard debit card. The difference is its tied to the parent's PayPal accounts. So, the parent acts as the provider and they can funnel money how and whenever they like. It can be on predetermined dates, or on request which will probably be the norm.
The goodies of this new card includes no overdraft fees and having a debit card that's not tied to a particular bank account. This means the balance can come from a variety of sources.
All of this makes it easier for the parent. They can send cash after getting that emergency call but then they can also track where it goes. If you send $20 they said they needed for gas and it ends up being for the late-night beer run, finally the parents are going to know about it.
For Paypal an ecosystem is being created for PayPal users who will become comfortable handling their finances with Paypal. Money transfers happen through out life so getting use to PayPal while being a student or a parent with a student, gets both parties used to dealing with its system.
Check it out. Go to paypal.com
Article by, College Parenting Expert, Dr. Debi Yohn, whose advice on successfully getting college students through college with an emphasis on graduation and rewarding employment is sought by parents from around the world. Now for the first time, she reveals 27 Winning Strategies for Success - a guidebook geared to parents of new college students. Get her free e-Book now at http://www.collegeparentsadvice.com/ and improve your child's chances of a successful college experience.
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