how-to

Money pools & settlements

Who holds the money (nobody), how the split works, and no-shows.

Does Familymaxxing hold the money?

No. Familymaxxing never holds, escrows, or transmits funds. When a group uses a money pool, we compute the leaderboard and suggest a split, but payments happen between members off-platform (bank transfer, Venmo, etc.).

How is the settlement calculated?

At the end date, each member’s score is ranked against the group goal. The app proposes a split based on the group’s scoring and pool mode. The admin can confirm or adjust it before sending.

What if someone doesn’t pay?

Familymaxxing doesn’t enforce payment — the honour of the group does. Each member marks their payment as sent or received in the app so everyone can see the status.