The service allows customers to set up and contribute to money pools for free using PayPal balance or linked bank account.

PayPal is launching a few features that let users in groups pool money with friends or family, to collectively pay for trips, travels, gifts, and anything

PayPal has introduced a new feature for group money management. This feature, called Money Pools, lets people collect and manage funds as a group.

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.

Today, PayPal announced a new experience that gives customers an easy way to pool money with friends and family for group gifts, travel, special events or other shared expenses. Rolling out globally across the US,