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

The company also has a sound balance sheet. As of Sept. 30, PayPal had $16.2 billion of cash, cash equivalents, and investments on its books. That more than offset its debt of $12.4 billion. Investors ...

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

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