PAYjr.com - Online Chore & Allowance System

You can throw away those old colored-paper chore charts with stars on the refrigerator. PAYjr takes this age-old ritual of chores and allowance online. PAYjr allows parents to create, monitor and "pay" their children for doing their chores. Specifically, parents can manage chores online through a calendar for each child which describes the chores, assigns the amount to be paid for the chore, and establishes their frequency. The child can then check those chores online when they are completed, and PAYjr will track the progress and payments made. If a child is 13 or older, the parent can even pay the child through an PAYjr Prepaid MasterCard (with the parent having full access to where the child is spending money from that MasterCard). PAYjr also allows for email alerts and IM"ing about chores and whatever else. It is a clever and pratical use for a practice that has existed for hundreds of years.

Headquartered in Dallas, Texas, PAYjr provides smart, practical and easy-to-use online tools that help parents teach their children, kids, and teens about money management and budgeting. Founded by financial professionals and parents, PAYjr is a venture-backed, privately held corporation started in August of 2004.

What family household doesn"t have a chore and allowance system?

Will people actually turn to the internet to manage and monitor this practiced ritual? Do parents want to give their teens access to a credit card, even when the teen earns the money and the parents can monitor its use (it could be a good money management tool)? How are they marketing this site to parents, as its traffic was not that high?