PayPal Bug Bounty Program Now Open to Minors
In order to keep its site as secure as possible, PayPal has a program where it rewards individuals who can find holes and errors in their coding. The “Bug Bounty” program offers $10,000 to the hacker that first uncovers and reports a problem.
A controversy developed a few months ago when a 17 year old boy in Germany found a bug in the PayPal coding, but did not receive the prize because he was under the age of 18.
It turns out that two other men found the bug before the 17 year old, but this event caused PayPal to rethink the set-up of its Bug Bounty program.
The company has since lowered the age limit on the program to 14.
With the old rule, users had to have a valid PayPal account to receive money for their discoveries, which limited the opportunities to people 18 years or older. Now minors can receive money through their parent’s accounts and withdraw it through whatever means the parents choose.
Other companies like Microsoft and Google offer similar rewards programs, but theirs often lead to honorable mentions on a page on their site. PayPal is willing to pay for bug detection.
If you’re a young coder looking to have some fun and perhaps make some extra money, see what you can do with PayPal. If you’re the first person to submit an error, you could receive a big payout that would make you the envy of your high school classmates.
About Bill Hardekopf
Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.