What is a PayPal Money Pool?

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 Money Pool and share it with your friends and family. Please note that you’re responsible for spending the money collected for the purpose set out in your Money Pools page.

Your friends can chip in in seconds. 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?
You’ll need a PayPal account, so if you don’t have one yet, sign up is easy and free.

  1. Log in to your account and look for the Money Pools module on your Summary page.
  2. Click Create a Pool.
  3. Follow the instructions provided.
Does it cost money to create a Money Pool?
No. Creating and running a PayPal Money Pool is free of charge. There is no fee to open a PayPal account either.

What kind of PayPal account do I need?
Money Pools are available to Personal account holders, and where available, for Premier account holders. At this time, Money Pools are not available for Business account holders.

How can I report a Money Pool link that violates PayPal's Acceptable Use Policy?

To report a Money Pool link:
  1. View the Money Pool that has the suspected violation.
  2. Click Report this Pool at the bottom of the page.

My PayPal account is closed. Why did I receive an email about transferring the balance in my Money Pool?
We’ve sent an email to all customers who’ve closed their PayPal accounts but have a balance in their Money Pool. We’re transferring these balances to you using our Hyperwallet service.

Your Money Pool balance will be available approximately 10 days after the initial date of the email. You’ll then receive a notification with instructions on how to claim your money through Hyperwallet.

Need more help?

Setting Up and Managing Your Money Pool
How do I access my Money Pool after it’s created?
Do I need a bank account, debit card, or credit card to set up my Money Pool?

Collecting Money
How do I transfer money I've collected from a Money Pool?
Options to withdraw your money

Contributing to a Money Pool
How do I contribute to a Money Pool?