It’s always great to celebrate milestones and big occasions. Office parties? Great! After-work drinks? You’re there! Sort the gift? …?

We get it; sorting a group collection for a gift can be time-consuming and stressful. This is why you might have found yourself searching the internet looking for a solution on how to collect money for a gift.

If you’ve found yourself in charge of the gift, you may have come across various methods of collecting money, such as cash payments, bank transfer or online collection pot. Well we’re here to explain the latter!

Our article will outline everything you need to know about a collection pot, from how it works, what occasions you can celebrate and why you should create one.

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What is a Collection Pot?

A collection pot is another word for online collection, digital money collection, or virtual piggy bank.

Collection pots are the digital solution to collecting money for a gift and are the online alternative to passing an envelope around the office. They are often created to collect funds from multiple people to raise money to buy a gift. You can send invites online too, via text, social media message or email - with reminders being sent the same way!

Most online collection pot services will allow people to contribute as much or as little as they want while also leaving a message to say “congratulations!”, “Happy birthday” or “Enjoy your retirement!”.

And once your collection is over and you’ve received your total funds, you can spend or send the money virtually too!

Why should you create a collection pot?

The first reason you should create an online collection pot is convenience.

The available online collection services are all designed to relieve the stress of collecting money for a gift. They allow you to send invites easily, track who has contributed and monitor the collection total with none of the hassles that a traditional collection brings.

As we mentioned above, another great incentive for using online collection pots is the additional features that they are often equipped with, including:

• Invites can be sent via email, text or social platform
• Subtle reminders can also be sent via email, text or social platform
• Collection pots count up your collection total for you
• Messages can be included with each contribution
• Digital greetings cards can be included with each collection pot
• Funds can be transferred into the recipient's bank account (only certain services)
• Funds can be transferred into a digital gift card (only on certain services)

Again, almost all of these service-enhancing features ensure that collecting money online is convenient.

Of course, for that final peace of mind, you can be assured that each online collection pot is safe, secure and protected. Your data will not be shared, and card details will not be stored.
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What occasions can you create a collection pot for?

When creating a collection pot, you can be assured that you can create a collection pot for any occasion.

A collection pot can help you celebrate anything from birthdays to new babies and retirements to weddings!

So with how easy they are to set up, manage and send, they are the perfect solution to collecting money for a group gift.

Alternatives to Online Collection Pot

Now that we have explained the ins and outs, it’s time for us to explore some alternatives to a collection pot.

In our “How to Collect Money for a Gift” article we explore each of the collection pot alternatives in greater detail. Outlining pros and cons, who they are best suited to and how to use them, to help you determine which is the best alternative for you.

The alternatives we explore include:

• Cash
• Bank transfer
• Payment link
• Gift Kitty

On the other hand, there is a brand called Collection Pot who offers online collection services. In this case, alternatives to Collection Pot include:

• Givetastic
• Thankbox
• Kudoboard

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Why should you create a collection with Givetastic?

We hope that now you understand what a collection pot is, you will consider creating one.

It’s straightforward and easy to do, especially if you choose to create one with Givetastic.

Creating a collection with Givetastic is simple, easy and free! We have created a service that relieves the stress of group collections, which is why with Givetastic you can:

• Choose from 200+ ecard designs
• Receive an unlimited number of signatures and donations from anyone, anywhere
• Invite/remind people to contribute via text, email or social media platform
• End your collection early or extend the collection end date
• Watch Givetastic count the collection total up for you
• Transfer the funds into a digital gift card, we have 80+ retailers
• Send your collection to the recipient via email, where they can download the messages to keep forever

It is our goal here at Givetastic to ensure that you can celebrate every occasion with a group gift! Our 100% digital solution to collecting money for a group gift removes any stress, prevents any awkward conversations and allows your recipient to choose a gift they love!

Conclusion

Having explained what a collection pot is, we hope that you agree that it is the perfect alternative to cash in hand or bank transfers.

Whether you’re collecting money for a gift for a colleague, friend or family member, creating an online collection pot is a great option. With none of the stress of a typical collection, and additional features that you wouldn’t get with an offline collection, online collection pots are the way forward!