what is pool on cash app

what is pool on cash app

6 hours ago 5
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The "Pool" feature on Cash App is a group payment tool that allows users to pool money together with friends, family, or coworkers to pay for shared expenses such as vacations, restaurant bills, gifts, or other group payments. Here's how it works:

  • A user (the organizer) starts a pool by setting a target amount and creating a name for the pool within the Cash App payment tab.
  • The organizer invites others to contribute by sending an invitation via their $cashtag or a shareable link.
  • Contributors can be Cash App users, and importantly, even non-Cash App users can contribute using Apple Pay or Google Pay through the shared link.
  • The organizer can track who has paid and how much has been collected toward the target amount.
  • Once the goal is met or the organizer decides, they can close the pool and transfer the collected funds to their Cash App balance to make a payment.
  • The feature removes the hassle of one person fronting the entire cost and then collecting reimbursement from others.
  • Pools are currently rolling out to users, initially to a select group, with plans for broader availability.

This feature simplifies group payments by allowing contributions across different payment platforms and provides clear progress tracking for the group goal. It is designed for personal use and is part of Cash App's efforts to facilitate social and shared financial activities. Pools can be used for casual group expenses or planned larger purchases, helping ensure no single person bears the upfront cost alone. There are no fees for using Pools, and the organizer can manage the pool easily in-app.

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