Thankfully, apps like Splitwise have become one of the most popular tools for managing group expenses on vacation.
PayPal announced that its introducing an easy and free way to collect or pitch in funds on the app.
Starting today, users can set up a pool and add people to it.
© Nikolas Kokovlis/NurPhoto (Getty Images)
The feature should also be handy for consistent shared expenses such as the rent and utilities divided among housemates.
Heres how to set up a pool in the app.
Next, give it a title, description, target date, and optional goal amount.
Then, share the pool link with your group text, email, or WhatsApp, among other options.
Your group can contribute directly to the pool through your link.
Splitwise has long been a popular app for this purpose, but it has limitations.
PayPals new feature is completely free of cost.
Secondly, third-party apps such as Splitwise require you to sign up for an account.
PayPals pooling features work even for non-PayPal users.
Also, the money in your PayPal app can be used without hitting your bank.
it’s possible for you to make in-app purchases for a long list of participating retailers.
PayPals new feature rolls out today for the US, Germany, UK, Italy, and Spain.
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