Paypal launches Money Pools to help people manage shared spending 
Paypal users can now join with each other to share costs, using a new Money Pools feature of the service. Customers can contribute funds and track spending on joint activities, using a personalised page, which they can then share on social media or by email. The company is rolling out the feature to 17 countries and said it is not intended to be a crowdfunding platform, as users will not be able to offer rewards or incentives to those contributing pooled funds.
PayPal has launched a new feature that lets people club together to track and share the costs of spending on group activities or personal goals.

PayPal says that Money Pools is not a crowdfunding platform because it is "not intended to facilitate fundraising for activities such as product development and organizers agree not to offer perks, rewards, or other incentives in return for contributions".



The company is rolling out the service in 17 countries via a new 'Your Pools' link on user accounts.



Customers can personalise the page with details of spending plans and funding timelines and share the link via text, e-mail, Facebook or Twitter. Contribution may be anonymous or posted publicly in the timeline.