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You probably have a shadow-restriction on your account where Valve have restricted gift purchases made with the wallet because other users have been selling gifts in exchange for real money. Sadly this has affected innocent users. If you can't secure a refund against the wallet then message Support regardless and see if you do have a purchase restriction in place.
That's NOT what the rule says. You must be at least 13 to make *your own* account.
Parents/Guardians can make an account for their children at ANY age.
Making an account like that for family view is intended for minors of legal age and being under 13 is not allowed.
the emphasize on the actual issue ... gifting via wallet funds is highly restricted.
direct purchase with an other payment method will work.
you can and may contact Steam support and they could and might allow you gifting via wallet, sometimes just limited to the next purchase.