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It's so odd, because Venmo is both newer than PayPal, yet limited in the same stupid ways PayPal is (multi-stage xfers), which Square Cash avoids entirely. It'
by rconti 7y ago
It's so odd, because Venmo is both newer than PayPal, yet limited in the same stupid ways PayPal is (multi-stage xfers), which Square Cash avoids entirely.
It's perplexing to me that Venmo ever caught on.
- Infinitesimus 7y agoVenmo caught on likely because of Facebook integration
- burkaman 7y agoWhat do you mean by multi-stage xfers?
- umeshunni 7y agoIt transfers to your Venmo balance and not directly to your bank account.
- airstrike 7y agoNetwork effects. Square Cash is vastly superior but Venmo is the incumbent so it's hard to tell your friends "no, I have this other cash app you should install instead"
- Maxious 7y agoHence the slogan "we're not using the other apps anymore" https://www.reddit.com/r/FriendsofthePod/comments/8pgbpq/whats_the_other_apps_in_the_cash_app_ad/ https://www.reddit.com/r/FriendsofthePod/comments/8pgbpq/wha... https://twitter.com/square/status/968602892646023169?lang=en https://twitter.com/square/status/968602892646023169?lang=en
- birdyrooster 7y agoAlso the whole publishing all of your transactions on the public internet by default was a really good feature.