My 7 year old spent $550 in 15 minutes.

[Eagle Eye]

Originally Posted by Bend it like Bourgeois

I mentioned it on the previous page but family sharing works awesome for our house. Boys 11 and 9. They each have accts but I approve every purchase. If they get an iTunes card they load it on their device and that's what gets billed for their individual purchase, but I still have to say yes.

It still shares content, so if I have purchased a song or an app they can access it, and vice versa. Between themselves too.
The protection is it is still subject to restrictions on the device settings - ie if they can't download explicit songs by their device settings, then I can't accidentally say yes

Hope that helps

Yes it does, thanks

Question, in the future when my kids are older can they take their purchases with them when we no longer need to have a 'shared account'?

[GGG]

I think why apple is so quick to refund is that they know the credit card companies would refund it if there was ever a dispute. It's a companies job to ensure when they accept a Visa card it's the person who's card it is using it.

Apple also makes way more money of accidental purchases that aren't reclaimed or adults buying without having any second thoughts that this easily outweighs the refunds they happily give out.

[Bend it like Bourgeois]

Originally Posted by Eagle Eye

Yes it does, thanks

Question, in the future when my kids are older can they take their purchases with them when we no longer need to have a 'shared account'?

Great question. I figured I'd worry about that later so never took the time to find out. Sorry

[GP_Matt]

Originally Posted by GGG

I think why apple is so quick to refund is that they know the credit card companies would refund it if there was ever a dispute. It's a companies job to ensure when they accept a Visa card it's the person who's card it is using it.

Apple also makes way more money of accidental purchases that aren't reclaimed or adults buying without having any second thoughts that this easily outweighs the refunds they happily give out.

I would bet money that Apple refunds the money and then simply doesn't pay the developer. They probably have a 60 day hold on payments to the developer so as long as you dispute within that window Apple will refund because it doesn't cost them anything.

[metal_geek]

A word of caution.

My 14 year old has a bank savings account and connected it to a paypal account so he can buy games and such online. Turns out, when you use paypal it treats a withdrawl from your account like a cheque. So even if you have no money in your account, paypal will pay for the game, and draw a cheque on your account.

That's all fine except when you don't have money to cover it, dispite it being a savings account, you end up with a NSF charge. So my 14 year old, buys a game for 4.99 from steam. Gets the game, dispite having like 3.00 in his account. Thinks, cool, this is great. Proceeds to buy 3 more for a total of about 18.00. No2, 4 days later, I see on his account a -170.00 balance. So I confront him and tell him he has to figure a way to pay it, life lesson kinda stuff. The next day, -340.00 little did I know paypal trys again creating a new set of NSF charges. So I immediately transfer the outstanding balance and bring the account to zero. The next day, -170.00 again so I call the bank and tell them to close the account, and they told me to pay the balance and I would still be charged for any more draws on the account.

What a nightmare, turns our, 18.00 worth of games from paypal cost me about 750.00 after all was said and done, all of that was NSF funds which the bank was "kind" enough to refund me 100.00 of as a good will...

Moral of the story is watch Paypal purchases linked to a bank account.

[Fuzz]

Wow, that's horrible.

[mrkajz44]

That's really more on paypal than the bank. Really stupid logic on paypal's part.

"Insufficient funds today? Let's try again tomorrow after they've been hit with a huge NSF fee!"

[Russic]

Whoa, that's brutal. Not at all how you'd expect that to roll out.

[Raekwon]

That's weird, as far as I knew Paypal only allowed that type of payment from a bank account if you had a Credit Card backup on file.

[Huntingwhale]

[metal_geek]

Originally Posted by Raekwon

That's weird, as far as I knew Paypal only allowed that type of payment from a bank account if you had a Credit Card backup on file.

I thought the same thing. I also didn't think you could draw a cheque on a savings account but apparently you can. The 3rd set of NSF were my own fault cause I brought the balance back to 0.00 Instead of 18.00 which would have covered the last withdrawal again.

Also, there was no real time line on the withdrawal attempts so it was further complicated by the bank not knowing if there were gonna be NSF charges added.

Honestly it was a Total Cluster #$#%.... He's still paying it off and that was 10 months ago.

The NSF's were total BS, but I had no choice to pay them as I was responsible as a co signer on a minors bank account.

A real lesson for me I tell you.

[Hack&Lube]

Perhaps a chequing account with overdraft protection would help in this situation. Also set up notifications so it sends a text message or email to your phone whenever there is an issue or large withdrawl from the account.

[GP_Matt]

There should be a way to just not give kids access to credit. linking gift cards probably make the most sense.

[Derek Sutton]

Originally Posted by Hack&Lube

Perhaps a chequing account with overdraft protection would help in this situation. Also set up notifications so it sends a text message or email to your phone whenever there is an issue or large withdrawl from the account.

I'm not sure setting your kid up with a debt starting at 14 is the solution either. As has been said earlier a pre paid credit card or gift card are the best ways to go.

Now we also know how paypal makes money, what a BS way to find out.

[GGG]

Paypal doesn't make the money of the nsfs. The bank does. The bank not waiving everything but the first one is ridiculous.

It doesn't cost the bank to reject the payment.

[Derek Sutton]

Originally Posted by GGG

Paypal doesn't make the money of the nsfs. The bank does. The bank not waiving everything but the first one is ridiculous.

It doesn't cost the bank to reject the payment.

So the banks are now charging $100~ nsf fees? Holy crap.

[afc wimbledon]

Originally Posted by kunkstyle

I dunno. I had a Gameboy when I was 7. Don't see the difference really.

You couldn't watch a chick get shagged by a donkey on the game boy, or have an interesting conversation with a guy from Oregon who really really really likes kids.

[metal_geek]

Originally Posted by Derek Sutton

So the banks are now charging $100~ nsf fees? Holy crap.

was $60.00 actually... again.. and again... and again... and again.....and so on and so on...

[VladtheImpaler]

Originally Posted by fatso

My 7 year old seems to have ordered a Brazzers account with my credit card. It wasn't me.

My 4 year-old figured out how to torrent Brazzers for free.

[Ironhorse]

One of the younger Ironhorse's did this last summer. Everything is on a shared account, and the kids do not know the password; all purchases have to be approved by mum or dad. Allowed him to purchase $5 worth of gems in Clash of Clans on his phone on the first evening of holidays. Didn't realize that there is a 15 minute window where in-app purchases do not require a password. The following day the Visa card was blocked (great thing whilst on holiday), which is when we found out he'd bought $320 worth of gems in iTunes for himself.

Since he was 13 years old at the time, we decided that instead of calling Apple, he could pay everything back to me, through his garnished allowance as well as assigned tasks around the house that we assigned a monetary value to. Also lost all purchase privileges for 2 months.

And I wondered how he managed to upgrade his village so quickly and get a level 5 Barbarian King...