what is the pool on cash app

what is the pool on cash app

8 hours ago 3
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The "Pool" on Cash App is a new peer-to-peer payment feature that allows users to pool money together with friends, family, or groups for shared expenses such as dinners, vacations, group gifts, or bills. Here's how it works:

  • A user (the organizer) creates a pool through the Cash App payment tab by setting a goal amount and naming the pool.
  • The organizer can invite contributors by sharing their $cashtag or sending a link.
  • Contributors can pay directly using Cash App, or if they don't have the app, they can contribute through Apple Pay or Google Pay using the shared link.
  • The pool helps manage group payments so that no single person has to front the entire cost.
  • The organizer can track contributions in real time, and once the target is reached or the event is complete, the organizer can close the pool and instantly transfer the collected money to their Cash App balance.

This feature simplifies group payments and reimbursements by eliminating the need for multiple payment apps or one person paying upfront. It is currently available to select users with broader availability planned. In summary, the Pool feature on Cash App is designed to make group payments easier and more organized across different payment networks, even including those who do not use Cash App directly. Would you like instructions on how to start and use a pool on Cash App?

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