One of the most popular uses for the Cash App is collecting payments from groups of friends, whether that’s an immediate need like paying a restaurant bill or a future one, like collecting money for a shared gift.
The company has today announced a new feature which lets you ask friends to contribute to a money pool even if they don’t use the app …
First, the company is formalizing a common use for the app with a Cash App pool feature.
Cash App today announced the launch of pools, a new peer-to-peer payment feature that enables group payments with just a few taps. From friends planning their next big vacation to coworkers chipping in for a colleague’s wedding gift, Cash App pools make it easy to manage payments and track shared goals in one place.
But what’s more notable is that not everyone in the group needs to use the app. If they don’t, you can send them a request for payment via Apple Pay or Google Pay, and all they need do is tap the link and make the payment. There’s no need to install the app.
If members of the group use different payment solutions, the organizer has historically needed to download multiple apps to collect the money from each person resulting in confusion, time wasted, and risk for all participants.Now, the organizer can create a shareable link for group members to contribute to a pool in seconds using Apple Pay or Google Pay […]
“Cash App has always made sending money between friends and family feel effortless, and we know that many of our customers already use the platform as a way to collect payments from groups,” said Cameron Worboys, Head of Product Design at Cash App. “With pools, our customers now have a dedicated, easy-to-use solution for group payments: they can start a pool to collect the money in seconds, and then instantly transfer the funds to their Cash App balance when it’s time to pay.”
The company says that the rollout is a gradual one, taking place over the next few months. A “select group” of Cash App users will get the feature today, with others to follow.
PayPal launched a similar feature late last year.
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