Skip to main content

Join friends and family for a group purchase with PayPal’s new Money Pools

Money Pools
PayPal has launched a service that makes it easy to fundraise from friends and family members to reach a group goal. The new feature, called Money Pools, could be used to collect funds for anything from a surprise birthday party to raising money for a family member in need. It can also be used to collect money you’re owed, like when you picked up that $300 bar tab on your credit card and everyone promised to pay you back.

The service is safe and secure, but everyone who participates must have a PayPal account. The pools can be shared on Facebook and Twitter, or via messaging services WhatsApp or Messenger. If you prefer, the fundraising details can also be kept completely private and confidential.

You can put your friends on notice if they fail to pony up, like that one guy in your fantasy league who never pays his dues until the last minute. There’s no fee for the service if you’re transferring money from your PayPal or bank account, but there is a small charge when using a debit or credit card to contribute to the fund.

It’s basically a small-scale GoFundMe page for your circle of friends and family. When you set up a page, you can personalize it with a description and photo, as well as the goal and the deadline. The pool’s activity feed keeps you abreast of who’s already contributed. Similar to other fundraising services, the organizer only receives the money if the goal has been met, although you can easily extend the deadline if it has not been reached.

It’s easier than ever nowadays to share money between friends and chip in for various expenses. You can send cash while you’re Skyping, or chatting in Slack, using Facebook Messenger, or even tack it on as a Gmail attachment.

The cashless economy could already be upon us, thanks to digital transactions like MoneyPools. In 2014, most Americans carried less than $50 with them and half had less than $20, according to Forbes. The number of retailers that don’t accept cash continues to increase. It may not be long before physical bills and coins are a thing of the past.

Editors' Recommendations

Mark Austin
Former Digital Trends Contributor
Mark’s first encounter with high-tech was a TRS-80. He spent 20 years working for Nintendo and Xbox as a writer and…
The 6 best tablets for college in 2024
Using the Apple iPad Air 5.

If you pick the right tablet, there's a good chance it'll last you all four years of college –possibly even into grad school or your first job. However, narrowing down all the options can be a challenge. Not only do you need something reliable and portable, but you'll want it to support all the programs you'll be using on a daily basis. And unless you want to be staring at a muddled screen, it should also come with a vibrant screen and high-quality resolution.

Before starting your search for a tablet for college, you'll want to figure out how you want to use the device. Will you be taking notes on it? Attending classes remotely? And what sort of software do you need it to run? Once you've answered those questions, you'll then have to set a budget, as tablets run the gamut from affordable to ultra-expensive.

Read more
The most common Windows 11 problems and how to fix them
Person using Windows 11 laptop on their lap by the window.

With Windows 10 officially losing support next year, Windows 11 is poised to take over as the dominant operating system. Many users have already switched over to the latest Microsoft OS – and while it's not perfect, most are finding it to be a nice step forward from Windows 10. Of course, there are a few quirks people will have to get used to, but most of the bugs and technical issues have already been ironed out.

That's not to say Windows 11 is perfect. In fact, there are still a handful of common Windows 11 problems that people are encountering, including ones that cause no sound to play, network connections to be laggy, and games to run at less-than-optimal speeds. Thankfully, many of these issues are easy to resolve without extensive troubleshooting or the need to contact customer support.

Read more
How hot is too hot for your CPU?
AMD Ryzen 7 7800X3D sitting on a motherboard.

Your CPU can probably run hotter than you think. In the past, 70 degrees might have set off some warning bells in your mind and within the confines of your PC. But modern processors are designed to run much closer to their thermal maximums when working on demanding tasks, and they can quite comfortably sit there for extended periods of time without it causing any problems.

That's not to say you want to redline your CPU all day every day, and there are definitely some advantages to running your CPU cooler than it can technically reach. But to do that, you need to know how hot your CPU can run, and ultimately, how hot is too hot for your CPU.
How hot can your CPU run?
While we can't provide an exhaustive list of every processor and their maximum temperatures, the good news is, we don't have to. Both AMD and Intel publish maximum safe temperatures for their processors on their respective websites, so we can look at a few examples, and if your CPU isn't covered, you can easily look it up yourself.

Read more