Parents may be held financially responsible for all in-game purchases made by their children, which can include significant real-money transactions for virtual currency and in-game items.
Epic Games' Terms of Service significantly limit consumer rights by establishing that all game content is licensed (not owned) and can be revoked, and by requiring mandatory arbitration that waives your right to sue in court or join a class action. Parents and guardians are held financially responsible for purchases made by minors on shared or linked accounts. You can opt out of the mandatory arbitration clause by sending written notice to Epic Games Legal (legal@epicgames.com) within 30 days of first accepting these Terms.