I like the idea for two big reasons: It creates a paper trail for the things you buy your children — so you’ll know pretty quickly how much you’re really spending on their “needs” — and it forces the child to justify what he wants, in writing. Rather than letting your kids just whine in a personal audience in front of you, BillMyParents gives you a legitimate outlet to tell them to use to send you a formal request for whatever it is they want, and you’ll be able to consider it on your own time. Whining averted.
Read more about BillMyParents on Yahoo! Tech
“This is going to give parents a controlled way to scrutinize their children’s spending,” Collas says.
But will it pass the Mom test? Granted there is an advantage in finding a way to avoid passing Junior the plastic.
Read more about BillMyParents on CNBC
Bill My Parents works in a manner that will be familiar to employees of large companies that use online expense tracking systems. Kids will find something they want to buy online, but instead of going through a traditional credit card-based payment system, they click a “bill my parents” button, which sends an email about the potential purchase to a selected parent. If the parent approves the purchase, the parent will be billed for the purchase to his or her own credit card.
Read more about BillMyParents in the Wall Street Journal
As inclined as I am to disparage systems that put the Web in the middle of the parent/child relationship, I actually think this idea works. It doesn’t reduce or remove communication in a family, in fact it could increase it. And it makes it easier to mark, track, and purchase online items…
Read more about BillMyParents on CNET News
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…
Read more about BillMyParents in the Reuters Blog
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 Springwise.com
This is a winning idea. The massive discretionary purchasing power of teens and pre-teens is a tempting target in this difficult retail environment.
Read more about BillMyParents at NetBanker