PayBox Launches “Shared Box” Service for Managing Joint Expenses
Are you tired of the hassle of managing joint expenses with friends, roommates, or family members? PayBox has just announced the launch of their new service, “Shared Box,” which aims to revolutionize the way we handle shared finances.
Gone are the days of opening a traditional shared bank account with high fees and a lengthy process. With Shared Box, PayBox offers a simple, accessible, and free alternative for managing joint expenses. This new service allows users to easily open shared accounts for common goals, such as household expenses, trip expenses, or children’s expenses.
Unlike existing PayBox groups, Shared Box allows all participants to load money into the account, make payments anywhere, and view each other’s activities—just like a shared bank account. This eliminates the need to track who paid for what and reconcile later through various tools.
Each PayBox user can open up to 5 shared Boxes, with each Box accommodating up to 8 participants. Loading funds and making payments from the shared Box is made easy with PayBox’s digital credit card, which can be issued for free within minutes directly from the app.
Eric Frishman, CEO of PayBox, emphasizes the importance of simplifying shared money management without the hassle of traditional bank accounts. He highlights the evolution of PayBox from a money transfer app to a comprehensive money management app, catering to the public’s needs and preferences.
In addition to Shared Box, PayBox also offers personal Boxes for goal-based money management, allowing users to save for specific purposes and earn interest on their balances. With over 4 million downloads and 1.5 million unique monthly users, PayBox continues to innovate and provide convenient financial solutions for its customers.
If you’re looking for a convenient and cost-free way to manage joint expenses, look no further than PayBox’s Shared Box service. Say goodbye to the complexities of traditional shared bank accounts and hello to a simpler, more accessible way of handling shared finances.
