Amazon.com, Inc. (NASDAQ:AMZN) is now allowing teens to make their own accounts on its website.
The new accounts for teens on Amazon allow parents to control their teen’s purchasing while still giving them access to their own benefits. This means that a parent with a Prime account can share the benefits that come with it with their children.
The new Amazon accounts are for teens between the ages of 13 and 17. The accounts will allow them to search and shop for items, but there are some restrictions so that parents don’t have to worry about their bank accounts.
Parents can set up the teen accounts in two ways. The first is that the teen must get permission every time they want to purchase something. This will send parents a message with details of the order. They can approve the purchase through text or their account.
The second way has parents giving their teens monthly spending limits so their Amazon shopping doesn’t get out of hand. With this method, parents will still receive a notification about the purchase. They can also cancel or return orders their teens have made.
Setting up a teen account on Amazon requires input from the parent. The teen can request the account and the parent can confirm via a text or email. They can also set up other details for the account. This includes payment methods and shipping locations.
AMZN stock was up slightly as of noon Wednesday and is up 32% year-to-date.
As of this writing, William White did not hold a position in any of the aforementioned securities.
