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  1. #1
    Senior Member
    Join Date
    Oct 2016
    Posts
    141

    PayPal takes on crowdfunding with Money Pools

    PayPal takes on crowdfunding with Money Pools, where groups chip in to raise money and buy things
    When Airbnb acquired and subsequently shut down Tilt ó a platform that let people pool together to pay for items or events ó many (including former Tilt employees) were left wondering what could and would replace it.

    PayPal has stepped into the fray in an attempt to provide its own answer. The payments giant has now launched Money Pools, a service that takes on the likes of GoFundMe and other group-based payment and funding platforms, where people can create pages to let their contacts fundraise for a specific item or event, such as buying a group gift, a group trip, or housemates paying the rent.

    PayPal is launching the service today in 16 countries ó Australia, Austria, Belgium, Canada, Denmark, France, Germany, Italy, Netherlands, Norway, Poland, Spain, Sweden, Switzerland, United Kingdom and the United States. Anyone who has a PayPal account in these regions can create a Money Pool, or contribute to one. (Without a PayPal account, you canít use it.)

  2. #2
    Junior Member
    Join Date
    Nov 2017
    Location
    Orlando, FL
    Posts
    4
    Interesting. Was a reason given as to why Airbnb shut down Tilt after acquiring it?

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