PayPal Revives Money Pooling Feature for Group Expenses

The new feature allows users to collect and manage funds for shared expenses without requiring all participants to have PayPal accounts.

PayPal's money pooling feature is available in the U.S., Germany, U.K., Italy, and Spain, just in time for the holiday season.
The feature allows users to create a pool via the app or website, where friends and family can contribute money for group expenses.
Unlike previous iterations, this version does not require all contributors to have PayPal accounts, simplifying the process.
Users can set a pool name, description, target date, and funding goal, and track contributions through a sharable link.
The service is free of charge, offering a cost-effective alternative to other apps like Splitwise and Venmo for managing group finances.