Paypal launches its free online kitty

In addition to being able to buy remote products and transfer a sum to a loved one, Paypal users will be able to collect money for a shared expenditure (a birthday gift, a starting pot …) on the app mobile or on the web. The only condition to be able to open a kitty or participate is, we suspected, to have a PayPal account.

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I created a kitty, and I would like to connect to it, but I can’t find the Paypal kitty module on the home page of my account.

What should I do ?

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A kitty is created and managed from its paypal /

Try since the link

Overview of the Paypal prize pools

Summons are a simple and easy way to collect money from your loved ones. If you need to collect money for a vacation, a group gift or regular shared expenses, just create a kitty and share it with your loved ones. You are responsible for spending the money collected for the purpose defined on your prize pool page.

Your loved ones can participate in seconds. If they do not have a Paypal account, they can open one in a few minutes: it’s easy and free.

How to create a kitty ?
You must hold a PayPal account. If this is not yet the case, you can open one simply and for free.

1. Access the Sumback page .
2. Click Create a kitty .
3. follow the instructions.

Is the creation of a kitty paying ?
You can create and manage a kitty for free. The opening of a PayPal account is free.

What type of paypal account do I need ?
The prize pools are available for holders of private accounts. For the moment, they are not available for holders of a professional account.

Can I use the prize pools on my mobile device ?
Yes, you can display and manage your prize pools directly on your mobile device.

Do I need a card or bank account to configure my kitty ?
No, you only need a PayPal special account. If you wish to transfer the money you receive, simply record a bank account on your PayPal account.

Can I use a kitty to receive payments from my customers ?
No, the prize pools are used to collect money from your loved ones. All participations received via your kitty are considered to be personal payments. They are not eligible for the protection of PAYPAL purchases and must all comply with the conditions of use and the regulation on authorized PayPal uses.

If you wish to receive a payment for objects or services that you sell, you can configure a PayPal link.Me.

Paypal launches its free online kitty

Facing growing competition, Paypal extends its services and offers to collect money for your grouped gifts.

To stay in front of the stage when he has more and more competitors, including recently Facebook Messenger, Paypal is launching a new online kitchen service.

In addition to being able to buy remote products and transfer a sum to a loved one, Paypal users will be able to collect money for a shared expenditure (a birthday gift, a starting pot …) on the app mobile or on the web. The only condition to be able to open a kitty or participate is, we suspected, to have a PayPal account.

The site specifies that this new service is free and that no costs will be deducted regardless of the payment method chosen (card or bank account, paypal balance, etc.) if you collect in the European Union in the European Union. One of the market leaders, Leetchi, takes a commission from 2.9 to 4% if the kitty is not spent from one of its 80 partner sites.

To create a kitty, nothing could be simpler. Just click on the eponymous button. The service then requests to appoint the kitty and, if desired, to indicate an amount to be reached as well as an end date. The next step allows you to fix amounts that can be sent. We then indicate if we want the names of the participants and the amounts paid to appear. You can also personalize the kitty with a photo, a text … Once this information is given, there is only to validate. A link that we can then share is then generated.

The money paid by the various contributors will be paid to the Paypal account of the kitty organizer.

This new service is already accessible in 16 countries: France, Germany, Australia, Austria, Belgium, Canada, Denmark, Spain, the United States, Italy , Norway, the Netherlands, Poland, the United Kingdom, Sweden and Switzerland.

Paypal: how to create a kitty, recover it or find one in particular ? Know everything

Paypal continued its policy of simplicity and clarity in all its options, including that of the prize pools. Create your kitty, collect it and spread it simply in a few clicks whose order is explained to you below.

Read later saved follow #informatics #informatics followed

To your attention :Paypal no longer offers options to create, manage or recover a kitty since November 8, 2021. However, if the service came back, we will update this article. In the meantime, do not hesitate to go see our comparison of the best online prize pools.

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• Also find out how to delete your Paypal account permanently

What are the advantages of a PayPal kitty ?

If you are regularly using Paypal, you know how much The simplicity of the site or app interface is appreciable, while the safety of disputes covered by the company (even if they concern 92 millions of billion dollars) guarantees online purchases without headache. Henceforth, it is possible to transcribe this serenity into the prize pools since with A Paypal kital online.

• You can create and customize the prize pool 100% and everything is free, from start to finish. Paypal takes no fees on creation, donations or participation in this kitty. You understood well : No commission is taken by Paypal, which is very rare. If your prize pool wins 1000 euros, you will receive 1000 euros.
• The only counterpart is that everyone, creator as participant, has a PayPal account.
• The kitty is secure. The Paypal service is One of the most locked in hacks and scams, Which allows you to do everything with a restful head.
• You can also transfer all funds raised to an online account in a traditional bank, within 5 days maximum with always 0 costs.

How to create a Paypal kitty ?

In order to benefit from all these guarantees, simply go to the official website and start a kitty. It will therefore take a Paypal account, without being obliged to have a related payment method. Donors must have one, whether A bank account via IBAN Or A bank card that allows SEPA withdrawals (almost all the issuing cards do it).

Once rendered in the Paypal prize pool creation interface, it is necessary choose a name, objective and an possible end date. In a few seconds after having validated, answer a few basic questions. These will allow Put a photo on your PayPal kitty for example, or to choose if the Paypal donations will be anonymous or not.

There follows an overview, then validate and that’s it, your kitty is online ! To find a PayPal kitty, You must necessarily have its link. There is no search engine for prize pools currently online.

How to recover your PayPal kitty ?

Just like creating the Paypal kitty, withdrawing it is very simple and quick. Just connect to the account that created the kitty, then go to the management panel via the site. Here, select the option ” managetherejackpot “And click on” to transfer money »». This will bring you to an option panel, asking you to choose if you want funds on your bank account, on the PayPal bank account. or if you continue the prize pool.

Is a kitty taxable ?

Above all, you have to discern a kitty on the occasion of a birthday or a retirement, a crowdfunding campaign which can reach hundreds of millions of dollars. According to law, one and the other must be declared anyway anyway. In principle, They will be taxed at 60% for lack of kinship.

But to avoid losing all this money in the state, common sense applies: if it is an exceptional gift of a reasonable amount (a few hundred euros for example) and that it does not not aims to be used at once for a premeditated purchase, so this money can be considered as a present present which will not be taxed as an annual donation.