Terms of Service
Terms of Service
Last updated: 20.01.2025
Last updated: 20.01.2025
Welcome to Pooled (“we,” “our,” “us”). These Terms and Conditions (“Terms”) govern your access to and use of the Pooled application (“App”), website, and services (collectively, the “Services”). By creating an account or using our Services, you agree to these Terms.
If you do not agree to these Terms, please discontinue your use of the Services.
Welcome to Pooled (“we,” “our,” “us”). These Terms and Conditions (“Terms”) govern your access to and use of the Pooled application (“App”), website, and services (collectively, the “Services”). By creating an account or using our Services, you agree to these Terms.
If you do not agree to these Terms, please discontinue your use of the Services.
1. Eligibility
1. Eligibility
A. To use Pooled, you must:
• Be at least 18 years old or the age of majority in your jurisdiction.
• Be a U.S. citizen or lawful permanent resident with a valid U.S. Social Security Number (SSN).
• Have the authority to enter into legally binding agreements.
• Not have been previously suspended or removed from using our Services.
B. By using the Services, you represent and warrant that all information you provide is accurate, complete, and up to date.
A. To use Pooled, you must:
• Be at least 18 years old or the age of majority in your jurisdiction.
• Be a U.S. citizen or lawful permanent resident with a valid U.S. Social Security Number (SSN).
• Have the authority to enter into legally binding agreements.
• Not have been previously suspended or removed from using our Services.
B. By using the Services, you represent and warrant that all information you provide is accurate, complete, and up to date.
2. Description of Services
2. Description of Services
2.1. Rotating Savings Pools: Pooled allows users to create or join rotating savings pools with known or unknown participants to achieve financial goals.
• Users in traditional pools must agree on the pool’s duration, payout order, and contribution amount.
• Users in bidding-based pools bid on payout percentages, with the app ensuring fairness based on credit factors.
2.2. Fees: We charge a service fee of 7-10% per active user per pooled account. The fee structure will be disclosed before you join or create a pool.
2.3. Third-Party Fund Transfers: Pooled facilitates fund transfers via third-party providers. We do not directly handle or store funds.
2.1. Rotating Savings Pools: Pooled allows users to create or join rotating savings pools with known or unknown participants to achieve financial goals.
• Users in traditional pools must agree on the pool’s duration, payout order, and contribution amount.
• Users in bidding-based pools bid on payout percentages, with the app ensuring fairness based on credit factors.
2.2. Fees: We charge a service fee of 7-10% per active user per pooled account. The fee structure will be disclosed before you join or create a pool.
2.3. Third-Party Fund Transfers: Pooled facilitates fund transfers via third-party providers. We do not directly handle or store funds.
3. User Responsibilities
3. User Responsibilities
3.1. You agree to:
• Contribute funds to your pool as agreed upon.
• Only use the Services for lawful purposes.
• Protect your account credentials and notify us immediately if you suspect unauthorized access.
3.2. You understand and accept that failure to contribute to a pool as agreed may result in penalties, restrictions on your account, or removal from the pool.
3.3. You agree to provide and maintain valid documentation, including your U.S. SSN, as required for identity verification and compliance with applicable laws.
3.1. You agree to:
• Contribute funds to your pool as agreed upon.
• Only use the Services for lawful purposes.
• Protect your account credentials and notify us immediately if you suspect unauthorized access.
3.2. You understand and accept that failure to contribute to a pool as agreed may result in penalties, restrictions on your account, or removal from the pool.
3.3. You agree to provide and maintain valid documentation, including your U.S. SSN, as required for identity verification and compliance with applicable laws.
4. Account Registration
4. Account Registration
4.1. You must create an account to use our Services. During registration, you will be required to provide personal and financial information, including your U.S. Social Security Number (SSN).
4.2. By registering, you consent to our collection, use, and storage of your information as outlined in our Privacy Policy.
4.1. You must create an account to use our Services. During registration, you will be required to provide personal and financial information, including your U.S. Social Security Number (SSN).
4.2. By registering, you consent to our collection, use, and storage of your information as outlined in our Privacy Policy.
5. Payment Terms
5. Payment Terms
5.1. Contributions to pools and fees are processed through our third-party payment partners. You are responsible for ensuring sufficient funds are available.
5.2. Pooled is not liable for failed or delayed payments caused by third-party systems or insufficient funds.
5.1. Contributions to pools and fees are processed through our third-party payment partners. You are responsible for ensuring sufficient funds are available.
5.2. Pooled is not liable for failed or delayed payments caused by third-party systems or insufficient funds.
6. Prohibited Activities
6. Prohibited Activities
6.1. You may not:
• Use the Services to engage in fraud, money laundering, or other illegal activities.
• Share false or misleading information about yourself or your financial status.
• Disrupt or interfere with the functionality of the App.
6.2. Violation of these rules may result in immediate suspension or termination of your account.
6.1. You may not:
• Use the Services to engage in fraud, money laundering, or other illegal activities.
• Share false or misleading information about yourself or your financial status.
• Disrupt or interfere with the functionality of the App.
6.2. Violation of these rules may result in immediate suspension or termination of your account.
7. Disclaimers
7. Disclaimers
7.1. Pooled does not guarantee that all pool participants will fulfill their obligations. We facilitate but do not enforce payment collection.
7.2. We make no warranties regarding financial outcomes or the suitability of the Services for your needs.
7.1. Pooled does not guarantee that all pool participants will fulfill their obligations. We facilitate but do not enforce payment collection.
7.2. We make no warranties regarding financial outcomes or the suitability of the Services for your needs.
8. Limitation of Liability
8. Limitation of Liability
8.1. To the maximum extent permitted by law, Pooled is not liable for:
• Losses incurred due to the actions or inactions of other pool participants.
• Technical issues, service interruptions, or unauthorized access to your account.
8.2. In any case, our liability is limited to the total fees you have paid to us in the 12 months preceding the claim.
8.1. To the maximum extent permitted by law, Pooled is not liable for:
• Losses incurred due to the actions or inactions of other pool participants.
• Technical issues, service interruptions, or unauthorized access to your account.
8.2. In any case, our liability is limited to the total fees you have paid to us in the 12 months preceding the claim.
9. Termination
9. Termination
9.1. You may terminate your account at any time by contacting customer support.
9.2. Pooled reserves the right to suspend or terminate your account if you violate these Terms or engage in fraudulent or illegal activity.
9.1. You may terminate your account at any time by contacting customer support.
9.2. Pooled reserves the right to suspend or terminate your account if you violate these Terms or engage in fraudulent or illegal activity.
10. Dispute Resolution
10. Dispute Resolution
10.1. Any disputes related to these Terms will be resolved through binding arbitration in accordance with the rules of [Arbitration Institution/Organization].
10.2. By agreeing to arbitration, you waive your right to a jury trial or to participate in a class action.
10.1. Any disputes related to these Terms will be resolved through binding arbitration in accordance with the rules of [Arbitration Institution/Organization].
10.2. By agreeing to arbitration, you waive your right to a jury trial or to participate in a class action.
11. Privacy Policy
11. Privacy Policy
11.1. Your use of the Services is subject to our Privacy Policy, which outlines how we collect, use, and protect your information.
11.1. Your use of the Services is subject to our Privacy Policy, which outlines how we collect, use, and protect your information.
12. Modifications to Terms
12. Modifications to Terms
12.1. We reserve the right to update these Terms at any time. Changes will be effective upon posting to our App or website.
12.2. Continued use of the Services after changes are made constitutes your acceptance of the revised Terms.
12.1. We reserve the right to update these Terms at any time. Changes will be effective upon posting to our App or website.
12.2. Continued use of the Services after changes are made constitutes your acceptance of the revised Terms.
13. Governing Law
13. Governing Law
13.1. These Terms are governed by the laws of the State of [Insert State], without regard to conflict of law principles.
13.1. These Terms are governed by the laws of the State of [Insert State], without regard to conflict of law principles.
14. Contact Us
14. Contact Us
If you have questions or concerns about these Terms, please contact us at:
Email: jen@pooled.app
If you have questions or concerns about these Terms, please contact us at:
Email: jen@pooled.app
Join with your email address
Join with your email address
Join with your email address