Teenagers spend much of their time chatting and playing games online. But of course a number of these activities require their parents permission, not to mention their parents money. This problem has led to the development of Thumzap, an app from a startup based in Tel Aviv, which enables parents to take control over how and what their children spend their money on.
The app does first of all require sites to integrate Thumpzap’s payment button. Once installed, the child can click the payment button when they want to buy something, and parents will receive a notification in the app and can view details of the purchase and approve it with one click. Eventually, Thumzap will receive a small cut whenever the button is used. Thumzap doesn’t require parents to share their credit card details with their children.