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Tenth graders are customers without credit cards. How are snapchat and all the free apps generating revenue? ads?
by justhw 14y ago
Tenth graders are customers without credit cards. How are snapchat and all the free apps generating revenue? ads?
- chris24 14y agoWhen I was in tenth grade I'd just use my dad's credit card.
- Evbn 14y agoThey have credit /debit cards linked to parent accounts.
- timthorn 14y agoDon't they have debit cards in their own name?
- ams6110 14y agoPretty hard to do if you're under 18, banks want a legally responsible person to own the account.
- DanBC 14y agoDebit cards in theory do not allow any debt, thus there's not so much of a problem allowing under 18s to have them. See this UK account for 11 to 18 year olds which allows a debit card. (http://www.rbs.co.uk/personal/current-accounts/g1/young/revolve.ashx http://www.rbs.co.uk/personal/current-accounts/g1/young/revo...) HSBC give you a savings account when you're seven, and add a current account when you're 11, with a VISA debit card. (https://www.hsbc.co.uk/1/2/current-accounts/under-18-bank-account?HBEU_dyn_lnk=CurrentAccount_FilterTool_MyMoney_FindOutMore_ProductNameLinkButton https://www.hsbc.co.uk/1/2/current-accounts/under-18-bank-ac...)
- theatrus2 14y agoA lot of US banks still want 18-year olds or a parental guarantee. US banks love overage fees (making credit card interest rates an amazing bargain). Plus there is the liability of checks/ACH which can cause overdrafts.
- deleted 14y ago[deleted]
- notJim 14y agoI think debit cards are easy. I had one around 15 and my sister even younger. It was my account, but it was linked to my mom's so she should could transfer money into it.
- ruswick 14y agoI am under 18, and my bank allows minors to open an account independently. It's pretty common in the US.
- ruswick 14y agoGranted, I'm in 11th grade, but I and most others I know have a non-trivial amount of cash. (Though, since I have no income for 75% of the year, I try not to spend anything.) Most people in my cohort aren't exactly destitute. Certainly, a business could make money selling to teenagers. They just couldn't achieve the volume that something like Facebook has. Generally, people like free things and have a disregard for their privacy, (myself included) which is why ads are far more lucrative. HOWEVER: This observation is not necessarily reflective of the generation at large, so I would take this with a grain of salt.
- mahyarm 14y agoThey can buy itunes gift cards from stores and do in app purchases ;)