Help Article

Money pools overview and frequently asked questions

Money pools are an easy and fast way to collect money with friends. Whether you need to raise money for a holiday, a group gift, or for regular shared expenses, just create a pool in your PayPal account and share it with your friends and family.

People can chip in to your pool until you decide to end or delete it, even if you’ve exceeded your goal amount. If they don’t have a PayPal account, they can set up one in minutes – sign-up is free and easy!
 

How do I create a money pool?

All you need is a PayPal Personal account. If you don’t have an account yet, sign up for free.

Here’s how to create a money pool:
  1. Go to your Account Summary.
  2. Click Start under “Your pools” on the left of the page.
  3. Click Create a Pool.
  4. Follow the instructions on page to create your pool.
To monitor your pool’s progress, simply click on your pool on your Account Summary page. You can also access your pools directly from your mobile device. Download the PayPal mobile app here: iOS | Android
 

How do I use the money collected from a pool?

All the money you collect with a pool goes to a separate part of your PayPal balance. You can transfer it at any time following the steps below:
  1. Click your pool on your Account Summary.
  2. Click Manage Pool in the top bar.
  3. Click Transfer Money.
From there you can transfer the money to a bank account or spend it online at any of the millions of sellers that accept PayPal. You are responsible for spending the money collected for the purpose set out in your pools.

 

Need more help?

Managing Your Money Pool
Can I use a money pool to collect money from customers?
How do I extend the duration of my money pool?
How do I end my money pool?
How do I refund the contributors of my money pool?

Collecting Money
How do I tell people about my money pool?

Contributing to a Money Pool
How do I contribute to a money pool? Any fees?
Can I get a refund for a contribution I made to a money pool?

Privacy and Security
Who can view my money pool?
Will any of my account information be shared when I create a money pool?
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