Question 1

What’s a Braid Pool?

Accepted Answer

Braid Pools are similar to a traditional “money pool” but a lot more flexible and persistent. They’re multi-user, so you can add as many admins and friends as you like. Pools are private by default—your friends need to be invited in order to make deposits, see transactions, and spend from pools. And every pool comes with a debit card so you can spend directly from the pooled funds.

Question 2

How do they work?

Accepted Answer

When you sign up, you’ll create a pool (or pools) for your friend group, for example, “Girls’ Trip.” Then, invite your friends, add contributions to each pool, and set permissions. Anyone spending the money can get their own debit card if they want one. Everyone is part of the pool and pays directly into it, so you don’t need to funnel money through anyone’s personal bank account, and you don’t need to set up an LLC to get a business account. You can make purchases directly out of the pool (either via debit card or account/routing number), so you don’t need to track receipts, either.

Question 3

Is it like Venmo? Is it crowdfunding? Is it a bank account?

Accepted Answer

We’re different from P2P apps (Venmo, Cash App, Paypal, etc.) because we are multi-user by design. You can manage the money with as many people as you’d like. We’re different from crowdfunding apps in that we’re not only focused on collection — we focus on the whole process: collect, share, manage, spend. Another important difference is we don’t take a cut of your collections. You keep 100% of what you collect.

Question 4

Does Braid charge fees?

Accepted Answer

Braid is free to use, we do not take a percentage of the money you collect. However, we do charge a 3% fee for contributions made with a credit card. This fee is charged to the contributor. There are no fees for contributions made with debit cards or via bank transfer.

Pool Money For Girls’ Trips

How Do Braid Pools Work for Girls’ Trips?

Start a pool

Customize your link & share it with your gal pals

Add money to your pool

Use Braid debit cards to pay together

A dedicated money pool for girls’ trips

Invite members

Manage transactions

Free to use

FAQ