Kids teach parents how to use tax software, how to mix MP3s, or even just how to plug the computer in. While almost half of these kids are online, they make only a tiny fraction of their purchases there because most shopping sites require credit card information, and most kids don't have credit cards. Parents are reluctant to hand over their credit cards for many reasons, including kids' access to inappropriate shopping sites, the security risks of kids' handing over personal information, and, of course, big bills. Enter RocketCash, a company that promises kids ages 10 to 18 a fun online shopping experience that parents can feel secure about. Parents set up free RocketCash accounts for their kids, funded either by credit cards or checks.
Parents have the right to approve which stores kids can buy from.
Kids enter the shops via the RocketCash Web site, and spend or budget their money as they wish, while parents are secure in the knowledge that they can supervise where and how the kids are shopping. RocketCash's plan to tap into the online teen spending market may encounter some resistance. Many parents just aren't as Web savvy as their kids. They're scared of the Web. Find out how.