Kid Bids Big Bucks for Xbox on eBay and Gets Caught [VIDEO]

Little Nathan decides to bid on a cool new game console on eBay without permission, or without any of his own income to back it up. He thinks he's bidding $75.00 but he forgets the decimal and suddenly little Nathan is on the hook for $7500.

Nathan was caught red handed and confessed his big bid mistake on camera to his father. It's an honest mistake, but the real issue is that Nathan had access to the online auction website and decided to make a purchase on his own. Nathan isn't the first kid to use a parent's eBay account to go on a shopping spree. In some cases, eBay forgives the unapproved bids, but in others, the parents need to come up with the cash for the goods.

Should parents have to pay when their kids place a bid?