Family sharing says I do not have a valid payment method

I'm Trying to set up family sharing and it says "your family must have a valid payment option".  Yet the credit card is valid and is used to make iTunes purchases all the time.  Help!

I Got it to work!!   I just went into settings and put in my credit card info again. 

Similar Messages

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    "FPY1
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    http://support.apple.com/kb/TS1277
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    You cannot play content you purchased from the iTunes Store.
    An alert appears with the following text:"There was an error storing your authorization information on this computer. The required directory was not found or has a permission error."
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