PayPal launches student account - Silicon Valley / San Jose Business Journal:

PayPal Inc. on Tuesday announced the launch of the Student Account, a way for teens to shop online and in stores while providing parents with a variety of monitoring capabilities.

San Jose-based PayPal, a unit of eBay Inc. (NASDAQ:EBAY) said parents can establish up to four PayPal sub-accounts for their teens, transferring funds into those accounts when needed, on a one-time or recurring basis...