According to PC World
, the teen, Robert Kugler said that he notified PayPal about the vulnerability on the 19th of May, but he was then informed that he was under 18, which meant that he did not qualify for PayPal's Bug Bounty Program.
According to MSN
, Kruger said that he wrote back to PayPal and told them that he was disappointed and noted that his father allowed him to use his PayPal account until he turns 18, which is not until next March.
According to Mashable
, PayPal's Terms of Service for Bug Bounty does not mention an age guideline, but PayPal requires a person to be 18-years-old or older in order to use their services.
It is not clear how much money Kugler would have gotten if he did qualify for the reward.