Hacker News new | ask | show | jobs
by rconti 2400 days 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.

4 comments

Network 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"
What do you mean by multi-stage xfers?
It transfers to your Venmo balance and not directly to your bank account.
Venmo caught on likely because of Facebook integration
Also the whole publishing all of your transactions on the public internet by default was a really good feature.