Letting Web-Savvy Kids “Bill My Parents”
19th May 2009
Internet companies are trying to come up with a solution for one of the classic headaches of parenting: kids begging for money.
On Monday, a service called “Bill My Parents” launched to allow kids to virtually send online purchases to parents for approval and payment — instead of asking mom and dad for their credit cards.
The company makes money by charging a 3% to 5% commission to a merchant for a sale, and also charging parents 50 cents to complete a transaction.
I am not making this up.