Venmo Teen accounts are coming next month

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 …

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