Image: Venmo
Venmo is introducing a new service that allows parents to open a Venmo account for children between the ages of 13-17 to send and receive money via the app. Venmo Teen accounts also come with a debit card and controls for parents to monitor transactions and manage their child’s privacy settings — important because Venmo has been routinely criticized for its lack of privacy protections in the past.
Parents or legal guardians must sign up for a Venmo Teen account on behalf of their children. Each Venmo Teen account is connected to the parent’s personal Venmo account, which all...
