The folks at GamenGuide share yet another horror story of a kid going to town with in-game purchases on his parent’s credit card — to the tune of thousands.
There’s a very simple solution (assuming you don’t want to charge your own child with fraud to get the money back):
- Get your kid a reloadable prepaid card.
- Load it periodically with a gaming budget.
- Link the card to your child’s gaming account(s) instead of using your own card.
Gamer money meltdown — and parent-child friction — avoided. Any attempt to overspend on the card will be met with a harmless declined transaction.
Your credit card will thank you. Your child will learn what a budget is. It’s a financial twofer.