Six months on from the launch, we are still very happy. The website is doing well and we find it very easy to manage ourselves.

Jules Pedersen - Manager, Xynomix
Tel: 0115 941 8122 info@junowebdesign.com web design quote

Paypal Officially Launches Student Accounts

Posted by Karen May in web industry news on the 12th of August 2009

Paypal introduced Students Accounts, a program designed to balance convenience for parents and their kids with financial responsibility. The program is centered on the use of a debit card. It was first presented in beta version back in December 2008, and has taken several months before being officially launched to US consumers.

Just in time for the school season, Student Accounts gets rid of the hassle brought by everyday exchange of money between parents and their kids. Paypal aims to foster good spending habits among teenagers through being responsible for their own money.

With the program, parents can create a maximum of four sub-accounts with fund transfer capabilities on a one-time or recurring basis. Parents will be able to monitor and control their teen’s account activities.

Paypal could highly benefit from the program through expanding their market to young adults. Debit card transactions also boost Paypal’s revenue, through the sellers honoring the cards.

A few days ago, Paypal was hit by  a world-wide system outage, leaving millions of customers temporarily unable to complete transactions. An internal network hardware issue was reported to have caused the downtime. Just last week, several groups slammed the online payment service when new fees were added without notifying its customers. With all the snags Paypal has been facing these past few days, Student Accounts came in a perfect timing. While other websites hastily change their web design or SEO tactics to retain visitors, Paypal works wonders through adding new service features. Several customers have expressed their gripes over the service, but Paypal definitely knows how to turn things around.

Viral marketing has been proven beneficial for Paypal, but its ability to immerse customers with striking new features amidst controversies has become a useful trend that has saved it countless of times.

  • Print
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Blogplay

Related Posts

  • Microsoft Launches Internet TV Service

    Microsoft plans to give online video a try by launching MSN Video.  The firm has already struck a deal with the corporate arm of BBC to stream some of its TV shows.  Another deal was signed with All3Media which has top rating shows in Channel 4.The service will be ad-funded, both pre-roll and regular advert [...]

  • Spotting a Phisher

    The October 7 FBI arrest of 33 people for phishing, (the criminally fraudulent process of attempting to acquire sensitive information such as usernames, passwords and credit card details by masquerading as a trustworthy entity in an electronic communication, per Wikipedia) has caused web design companies and users to become more conscientious about the possibility of [...]

  • Traffic Generation Part 17 – Creating Your Own Affiliate Program

    Affiliate marketing is very popular, and having people help you sell your own product can be a very powerful advantage. If you have your own product, I would strongly suggest either setting up your own affiliate program, or selling your product through a service such as Clickbank, which has its own program.When other people sell [...]

  • Google Services for Websites

    Earlier this year, Google introduced a new package of tools designed to help web design specialists / hosts improve their own sites and to pass on to their customers. Let’s take a look at the new tools and how they can help your business.Webmaster tools• Help make sites more Google and SEO friendly• Optimize search engine [...]

  • Gmail Ditches a Feature

    Gmail became widely popular for its growing feature set, browser-based application, and ease of use.  It stands out from other webmail services because of its search-oriented interface and “conversation view” that resembles internet forums.  It has a web design built to make users feel as if they are always on one page rather than navigating [...]

Find out more about Juno style Wordpress web design
Find out more about Juno style Magento web design

Return to web design news.

Comments are open.

Post a comment




need advice? contact us 0115 941 8122

© 2006 - 2010 Juno Web Design Nottingham. 16 Olga Road, Carlton, Nottingham, NG3 2NW, UK. All rights reserved.

+44 (0)115 941 8122 | info@junowebdesign.co.uk
Juno Web Design Nottingham Registered Company Number 5913494
Web Design Nottingham: SEO Nottingham | Designer Sunglasses | Restaurants NottinghamSitemap | XML Sitemap

Bookmark and Share