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 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?
Creating and running a Money Pool is free of charge. PayPal doesn't charge a fee to open a PayPal account.

What kind of PayPal account do I need?
Money Pools are available to personal account holders, and in countries where applicable,  for premiere account holders. At this time, Money Pools are not available for Business account holders.

Need more help?

Setting Up and Managing Your Money Pool
How do I access my Money Pool after it’s created?
Can I access Money Pools on my mobile device?
Can I use a Money Pool to collect money from customers?
Do I need a bank account, debit card, or credit card to set up my Money Pool?
Can I keep receiving contributions once my Money Pool hits its goal?
Does my Money Pool stop accepting contributions once the end date has been reached?
How do I extend a Money Pool?
How do I end a Money Pool?
What happens after I end my Money Pool?
How do I refund Money Pool contributors?
Can I hide the contribution amount and details of contributors on my Money Pool?
Can I contribute to my own Money Pool?
Is there a limit to how much money I can collect using Money Pools?
How do I change the currency in which I'm collecting Money Pool contributions?

Collecting Money
How do I tell people about my Money Pool?
Where do Money Pool contributions go?
Do you need a PayPal account to contribute to a Money Pool?
Can I request to receive specific amounts for a Money Pool?
Where can I check my Money Pool's progress?
How do I transfer money I've collected from a Money Pool?
Are Money Pool contributions subject to holds and reserves?
Options to withdraw your money

Contributing to a Money Pool
How do I contribute to a Money Pool?
What are the fees for making a contribution to a Money Pool?
Can I get a refund for a contribution I made to a Money Pool?

Privacy and Security
Who can view my Money Pool page?
Will any of my account info be shared when I create a Money Pool?