Prepaid credit cards for teenagers are not a new concept, but this type of payment method doesn't allow parents to control where, when or how their children are spending their money. Bill my Parents is a new company, which provides children with a card, but in order for a payment to be processed when kids are shopping online, parents will be notified and have to approve their children's purchases.
Wasn't it great when you were a kid and you came home from school with a great report card, and were immediately rewarded for your efforts with a treat, a toy, or sometimes even cash? Well, today's lucky kids can receive similar benefits from learning with new children's educational business SmartyCard, and the parents don't even need to chip in!