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Introducing PayPal’s New Group Fundraising Feature
PayPal has launched an innovative feature designed to facilitate group fundraising, making it easier for users to gather and manage money collectively. This new tool is available at no cost and enables PayPal members to set up a fund online or through the mobile app, invite friends and family to contribute, monitor contributions, and seamlessly transfer the collected amount into their own PayPal account.
A Trust-Based System for Collective Contributions
The effectiveness of this pooling feature relies on the trust placed in the organizer who manages the funds. This system offers a straightforward method for collecting money for various purposes such as gifts or shared travel expenses. Organizers can easily distribute links to join the pool via text messages, emails, WhatsApp, and other platforms—allowing participation from individuals even if they do not possess a PayPal account. Contributions can be made using existing PayPal balances…
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