Group paypal box?

Hey guys, I'm thinking of setting up a paypal account with my credit card to pay for the servers. It will be an account that people can donate to as well, so you don't have to pay for a full month yourself, and we can consolidate our assets into one pool of money. What are your thoughts?
Copied from group.

This way everyone can pay money for the servers (and anything else) to your paypal account, and all the outgoing payments for each server can be made from it, like one central account.

That sounds efficient to me, as long as you are able to keep tabs on everything, for example: making sure if you dont get enough in donations you ask me for whatever balance is needed to pay off my server for the month.

Yeah sounds good to me.

Personally I think it is a good idea, and if I get a credit card when I get a job I'll be able to contribute a bit.

get it up, and I'll give.