Shared Pools for Common Transactions
a technology of shared funds and transactions, applied in the field of transactions, can solve the problems of cumbersome and inconvenient payment methods over the intern
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example — user case 1
Example—User Case 1
[0084]Alice and Bob are married. They both work and want to share common expenses such as rent, internet, cable, groceries, and many other expenses. They discover that they can share and manage the common expenses very easily by setting up a shared pool according to one or more embodiments herein. Alice logs in to her payment provider account (e.g., PayPal®), creates a shared pool named “Alice and Bob Expenses Pool” and invites Bob to join the shared pool. Once Bob joins the shared pool, they specify rules, for example, their Funding Models for the shared pool and become contributors of the shared pool. The shared pool “Alice and Bob Expenses Pool” becomes part of both of their funding source accounts (e.g., PayPal® accounts). They start paying the common expenses from their shared pool and they live happily ever after.
example — user case 2
Example—User Case 2
[0085]Firat, Gopi and Vinay are starting a new Social Networking startup. One of the challenges they are facing is collaborating on expenses for business needs. They decide to setup a shared pool which they join and share the expenses for their business. Once they need to scale up and buy more hardware, they may buy servers with their shared pool account.
Example—User Case 2.1
[0086]Firat, Gopi and Vinay decide to have different contributions to the shared pool as follows: Firat has a 50% stake in the company, and needs to contribute 50% of the expenses. This may be defined in the shared pool policies indicating how much he needs to contribute to the expenses from the shared pool. Gopi and Vinay will each be contributing 25% equally to the expenses. This distributing of the shared pool charges may be handled by Funding Models or according to rules set up by the shared pool members.
example — user case 3
Example—User Case 3
[0087]A group of friends may want to create a shared pool to be used for sharing expenses that arise when they go out to events, for dinner, etc. However, not all of them may go out for every event. In addition to having an option of using all members of the shared pool to conduct a transaction, while using the shared pool to pay, the individual making the payment may instead select a list of only the members that actually end up going out and paying.
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