Apple used to require the password to be entered every time there was a purchase involved. On the iOS 6, however, if you happen to have entered the password, such as to download a free App, watch out. During the next 15 minutes, if your kid happens to play one of those nasty games that keeps prompting for a in-app purchase they can do it without entering a password!

Not true the 15 minute timer has been in iOS versions since at least iOS 3 (earliest version I have ever played with). The restriction settings were added in a version of iOS 4 (perhaps 5) when there was an uproar over accidental purchases by kids due to some games failing to provide decent notification of a purchase being made for an in-app purchase.

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I am pretty sure that before you were granted the 15 minutes for the free app purchases and in-app purchases only. Payed apps always requested the password. No 15 minutes "grace period"

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