PayPal will let you pool money for group gifts and shared expenses
PayPal is making it easier to collectively pool together funds on the platform. | Image: Cath Virginia / The Verge; Getty Images
PayPal is introducing a new money-pooling feature that aims to make it easier to collect and pay for things as a group. The feature is free and allows PayPal users to create a pool online or via the platform’s app, invite friends and family to contribute, track contributed funds, and transfer that cash to their own PayPal balance.
Provided you trust the pool organizer who will hold the power to spend or withdraw those funds, the pooling feature should provide a simple way to gather cash for things like gifts and group traveling collectively. Pool organizers can share pool joining links via “text, email, WhatsApp, and more” to people regardless of whether they have a PayPal account or not. Contributions can be made using a PayPal balance...