The idea of the youth payment system is to capture some of the $40 billion spent by kids who end up shopping at traditional retailers only because without a credit card, they have no way to pay for stuff online…

Well, the idea of creating a service that will allow parents to trace purchases of their children is actually original and interesting. Its main advantage is that in this case children cannot pay for the items they want without parents’ consent and thus they avoid debts on credit cards.

Handing over the car keys to a teen is probably one of the most terrifying acts a parent must perform, but next in line on the anxiety scale is surely handing over a credit card. Aiming to provide a safer alternative, BillMyParents gives parents the power to approve or deny any purchases by their teens before they’re made… BillMyParents is not simply a prepaid shopping card. Rather, it’s a payment method that puts control in parents’ hands.

Read about BillMyParents on

The service lets families give kids the freedom to make their own choices but without the responsibility of having payment cards. And it gives parents the ability to screen their children’s online purchases….

This is a winning idea. The massive discretionary purchasing power of teens and pre-teens is a tempting target in this difficult retail environment.

BillMyParents is a safe, easy and secure way for kids to shop online, while enabling parents to track and maintain control of expenditures.